Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
These guys are losing money hand over fist, only $256 dollars on the balance sheet, almost $5 million of convertible debt. No wonder this hasn't run. Its an absolute trainwreck. Maybe now that I mention it, it could run.
ILHMF is the only tradable lithium play on the entire list that hasn't ran yet,i am loading the hell out of it!!!!
$ILHMF: 11.6% ownership by China's Ganfeng
Ganfeng is one of Teslas Lithium VENDORS.
Ganfeng Lithium Co. Ltd. (GFL) is one of the world’s leading Lithium manufacturers, established in China in 2000. It has been listed on the Shenzhen Stock Exchange since 2010 and on the Hong Kong Stock Exchange since 2018 when it raised US$ 440 million in an IPO. Ganfeng has experienced rapid growth in recent years, consequently forming several highly specialized Lithium production subsidiaries and most recently commissioning a new facility in China adding 500mt/y Li metal to its current 1000mt/y Li production capacity. The company exports and produces over 20 unique lithium products for various applications worldwide. This includes Li metal batteries for which GFL has developed a breakthrough technology that shortens the industry standard production process.
International Lithium Reports $1 million Budget for the Avalonia Lithium JV, Ireland
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2018) - International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce, together with joint venture partner GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium" or "GFL"), the adoption of a 2018 budget for continued work at the Avalonia lithium pegmatite project ("Avalonia JV") in Ireland, a joint venture between the two companies
The ownership of the Avalonia project is currently 55% GFL and 45% ILC. GFL have an option to earn an additional 24% by either incurring CDN$10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% GFL and 21% ILC.
On December 27, 2017, ILC and Ganfeng Lithium approved a budget for the 2018 calendar year for the Avalonia JV. The budget calls for Euro 705,000 (approximately CDN $1 million) to be invested in the Avalonia project. The budget covers ongoing exploration and evaluation work, administration fees and continigencies.
Work currently planned for 2018 is to follow up on the 2016 exploration results, in particular at the Moylisha target area, where extensive boulder trains of spodumene-bearing pegmatite assaying up to 4.59% Li2O* have yet to be traced back to source.
https://www.marketwatch.com/story/international-lithium-reports-1-million-budget-for-the-avalonia-lithium-jv-ireland-2018-01-11
International Lithium and Ganfeng Lithium Approve $17M Budget for Mariana JV, Argentina
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2018) - International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce, together with joint venture partner Mariana Lithium Co. Ltd. (("MLC"), a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium")) the adoption of a 2018 budget for continued work at the Mariana lithium brine project ("Mariana JV") in Salta, Argentina, a joint venture between the two companies. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, ownership of which will be 82.754% by Ganfeng Lithium and 17.246% by ILC. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.
Highlights of the US $17 million budget for 2018 include:
continued natural evaporation studies;
membrane separation studies;
aquifer characterization studies;
preliminary economic assessment ("PEA"); and
pre-feasibility studies ("PFS").
On December 27, 2017, ILC and MLC unanimously approved the budget for the 2018 calendar year for the Mariana JV. The budget calls for US $14,044,000 (US $17,343,517 including contingencies and administrative fees) to be invested in ongoing exploration and evaluation work including continuing studies that will be used to formulate a basis for a PEA, which is expected to be completed in the first half of 2018. The results of the PEA will be used to determine the course of action for pre-feasibility studies expected to be conducted throughout the remainder of the year.
https://finance.yahoo.com/news/international-lithium-ganfeng-lithium-approve-151300263.html
This non-sense shakes my faith in the management.
Was going to add to my position, I'm just but going to hold for now
Vancouver, British Columbia--(Newsfile Corp. - December 28, 2017) - International Lithium Corp. (TSXV: ILC) (the " Company" or " ILC") is pleased to announce a settlement agreement between the Company and its joint venture partner, Mariana Lithium Co. Ltd. (("MLC"), a subsidiary of Jiangxi Ganfeng Lithium Co., Ltd. ("Ganfeng")) regarding the Mariana Lithium JV brine project (the "Mariana JV") in Salta, Argentina.
As it was reported in Company's MD&A, in January 2017, during the transition from the former management of ILC to the current management, it is acknowledged that Ganfeng and MLC considered that ILC failed to meet a cash call in respect of the Mariana JV and that as a result, ILC could have been diluted to a 14.492% share of the project. ILC considered that the cash call notification was made improperly at a time that the relevant officers of ILC involved in preparing the cash call were in transition to becoming employees or consultants of the Mariana JV as consultants to Ganfeng's operations and that ILC's share should therefore have remained at 20%. Neither side accepted the position of the other.
ILC and Ganfeng have now reached a settlement agreement on the matter whereby:
Outstanding management fee and a settlement amount totaling US$84,706 are to be paid to ILC by MLC;
The double dilution for ILC's purported default in meeting the January 2017 cash call, resulting in an ownership percentage of 14.492% for ILC, is to be calculated as a single dilution amount resulting in an ownership of 17.246% in the Mariana project for ILC;
ILC will maintain its status as having zero defaults as defined in the joint venture agreement;
ILC will pay to MLC US$206,294 which is the difference of its underpayment of the cash calls up to and including the November 28, 2017 cash call paid, representing cash calls at the 14.492% level now revised to 17.246%; and
US$15,698 to be paid to ILC by MLC for various project-related costs.
In accordance with the settlement agreement, MLC and ILC agree to act in good faith and in the best interests of the Mariana JV. Both ILC and MLC and, where appropriate, their subsidiaries and/or parents and/or affiliates will in good faith review the Mariana Joint Venture Agreement in the first quarter of 2018 with a view to resolving any issues in which there are genuine commercial or documentation concerns by either party or a perceived lack of clarity, whether due to poor drafting or any other reason.
"We are finishing our transition year at International Lithium on a very positive note. Our new ILC team has settled all outstanding issues with our Mariana JV partner. MLC and ILC have agreed that they will act in good faith and in the best interests of the Mariana JV. Now we can focus our efforts on Mariana JV development and maximize its value for our shareholders," commented Kirill Klip, Executive Chairman of ILC.
Musk needs an insatiable supply. Imagine how many batteries it will take to power his new Semi-Trucks. Countries putting in mandates that will only allow the sale of electric cars. You are looking at a fundamental change in the way we live, buy into the needs of the future it's a safer bet
Most recent update (10/2017) for ILHMF:
https://internationallithium.com/international-lithium-provides-update-exploration-strategy-mavis-lithium-project-ontario-canada/
Here is an older article but gives a good summary of the current business:
https://seekingalpha.com/article/4047698-international-lithium-partnered-succeed
Ms Patricia Fong, Welcome to ILC as our new CFO.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1098-tsx-venture/ilc/29532-international-lithium-corp-appoints-cfo-and-adds-to-management-team.html
I see you were once with the Lundin Group of Companies. Lundin has some interesting cobalt operations and I am tempted to buy into LUNMF to capitalize on this new play in automotive batteries. When you give your acceptance speech as our new CFO at the ILC upcoming dinner, wear green if LUNMF is a buy or wear red if you would caution against buying into LUNMF.
Thanking you in advance for your help in this regard,
The Doctor
PS, Kirill Klip, go get 'em tiger!
Another otc run by Canadians based in Vancouver exploiting resources of Argentina this time...damn just how much Li does musk really need anyway's?
So what's going on here with the Lithium stock?
International Lithium's Strategic Partner, Ganfeng Lithium, Takes Large Stake in Mariana and a $10 million Option on the Blackstairs Projects
http://internationallithium.com/s/newsroom.asp?ReportID=643009
Might breakout today due to Lithium momentum! $ILHMF
Vancouver B.C. June 5, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium") has advanced to ILC USD$1,199,000, being the first advance of a total USD$2,289,000 loan committed to ILC from Ganfeng Lithium, as previously announced by the Company on May 10, 2013. The loan advance bears interest of 10 percent per annum, payable quarterly.
In lieu of receiving repayment of the loan, Ganfeng Lithium may elect to convert into an interest in the Mariana Property. The loan agreement contemplates that Ganfeng Lithium may convert what would otherwise be ILC's repayment obligation for the first loan advance into a 26% interest in ILC's rights in the Mariana Property. Likewise, instead of receiving repayment of the second advance, Ganfeng Lithium may convert into a 25% interest in ILC's rights to the Mariana Property, for a total interest of 51%. If Ganfeng Lithium elects to convert into a 51% property interest, at that time, the parties would enter into a joint venture relationship for the operation of the Mariana Property.
Vancouver B.C. April 30, 2013: International Lithium Corp. ("ILC" or the "Company") (ilc:TSX-V) reports that the Company is considering providing an opportunity to a third party to enter into an option agreement on the Mariana project, Argentina. The Mariana project is currently under an option agreement whereby ILC can earn a 100% ownership interest in the nine mineral concessions that enclose Salar de Llullaillaco within the "Lithium Triangle" in Salta, Argentina, more commonly referred to as the Mariana project. The transaction, if completed, would allow ILC to make all remaining necessary cash payments to secure an unencumbered ownership of the project.
Drilling Commences at Mavis Lake
August 18, 2011
Drilling Commences at Mavis Lake Lithium and Rare Metals Project
("ILC" or the "Company") is pleased to announce the commencement of a 1,200 metre drill program on the Rare Metals pegmatite field spanning the Company’s contiguous Mavis Lake and Fairservice claim blocks near Dryden. Ontario.
Key Highlights:
· 1,200 metre minimum drill program commences on the Rare Metals pegmatite field spanning the Company’s contiguous Mavis Lake and Fairservice properties;
· Mavis Lake pegmatites exhibit high-grade well-evolved lithium and tantalum zonation in conjunction with significant levels of cesium and rubidium at surface;
· A historical (non NI 43-101 compliant*) resource of 500,000 tons at 1.0% Li2O was delineated on 1 out of 10 known pegmatite bodies at Fairservice;
· Primary objectives are to confirm the historic lithium grades on the Fairservice property and test the rare metal potential of the Mavis Lake pegmatites; and
· International Lithium Corp. launches new website.
Middle of 2012 before anything happens.
Hello Joe,
Thanks for your interest in International Lithium.
We are currently in the resource development stage with our lithium projects and would not be processing lithium until closer to resource delineation and pre-feasibility. These projects do advance quite fast and we anticipate a resource (43-101 compliant) after 2 drill programs mid 2012.
Regards,
Jerry Huang
ILC.v
International Lithium Closes $1,000,000 Private Placement
Press Release Source: International Lithium Corp. On Friday July 22, 2011, 8:51 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/22/11) - International Lithium Corp. (TSX-V:ILC - News)(TSX-V:ILC.WT - News)(PINK SHEETS:ILHMF - News) (the "Company") is pleased to announce that it has closed the brokered private placement to raise up to $1,000,000 announced on July 11, 2011.
The Company issued 3,636,363 flow-through units (the "FT Units") at a price of $0.275 per FT Unit. Each FT Unit consists of one flow-through common share and one-half of one transferable common share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one additional non flow-through common share of the Company for a period of 24 months from the closing date of the private placement at an exercise price of $0.40 per share.
A Finder was paid a cash finder's fee equal to 6% of the proceeds of the private placement. In addition, they received 290,909 non flow-through common share purchase warrants being 8% of the number of FT Units subscribed for (each a "Finder's Warrant"). Each Finder's Warrant entitles the Finder to purchase an additional non flow-through common share of the Company at a price of $0.40 per share for a period of 24 months from the closing. All of the securities issued under the private placement are subject to hold periods expiring on November 22, 2011.
ABOUT INTERNATIONAL LITHIUM CORP.
International Lithium Corp. is an international rare element metals ("REM") mineral exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a prominent lithium product manufacturer as a keystone investor.
ILC currently has 9 active REM projects, well balanced between lithium brines in Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project, a salar or 'salt lake', covering an expansive 160 square kilometres and strategically encompassing the entire basin. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. The Mariana lithium brine project ranks as one of the more prospective salars in the region.
Complementing the Company's lithium brine projects are the REM pegmatite properties. The key characteristics shared by the hard-rock REM projects are their limited past exploration, excellent accessibility, limited assaying for rare metals, clear potential for additional exploration to add project value and development potential to meet the global technological growth in demand for the REM suite of elements.
International Lithium Corp.'s mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.
On behalf of the Board,
Mike Sieb, President - International Lithium Corp.
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Shares CUSIP: #459820 10 6
Warrant CUSIP: #459820 11 4
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Inaugral International Lithium Corp. President's Message; Argentina and Canada Project Update
Press Release Source: International Lithium Corp. On Wednesday July 6, 2011, 4:37 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/06/11) - It is with great anticipation that I greet you with this inaugural President's Message. From International Lithium Corp.'s ("ILC") (TSX-V:ILC - News)(TSX-V:ILC.WT - News)(PINK SHEETS:ILHMF - News) (inception in 2009, to successful completion of a plan of arrangement resulting in the spin-out from TNR Gold Corp. and public listing on May 24, 2011 on the TSX Venture Exchange, we have accomplished much.
The Company's formative year was primarily focused on acquiring high quality projects by initially assembling a qualified team to source out rare element metal ("REM") opportunities. As a result of our labors, International Lithium has developed a robust portfolio of projects geographically and commodity diverse; balanced between lithium brine and REM hard-rock pegmatite projects. While the last year has seen our efforts directed to completion of the plan of arrangement and all the interminable tasks associated with taking a company public, raising of sufficient funds to fulfill the listing requirements and the signing of a strategic partnership agreement, we expect an even more fulfilling 2011-2012 for ILC.
It is gratifying to witness a concept taken to reality, but more so when the vision is understood and endorsed by others. Through the oversubscription of ILC's initial financing and the commitment by Jiangxi Ganfeng Lithium Co. Ltd., a leading China based multi-product lithium manufacturer who intends to contribute current and future project development assistance capability, we have placed a solid first step on the path to accomplishing our goals.
International Lithium is currently embarking on the next stage of its development which will entail the aggressive exploration of its various drill ready projects. From the expansive Mariana lithium brine project located in the world renowned 'Lithium Belt' in Argentina, to the Company's three Nevada lithium brine projects and our high grade hard-rock REM projects in Canada and Ireland, we are determined to realize the value envisioned by our team.
Support starts from within and with greater than 50% of the outstanding shares held by management and insiders we can guarantee a significant vested interest in the growth and success of this enterprise.
International Lithium Corp. is fresh to the public's eye, but we have been preparing the stage for some time. Through our people, projects and support, we will strive to continue to advance our projects and instill value in all our endeavours. In addition, we will continue to maintain good communication with our shareholders. This will be accomplished by initially informing you as our various exploration programs commence and continuously providing timely updates as we advance those projects.
MARIANA LITHIUM BRINE PROJECT UPDATE - ARGENTINA
The site preparation for the Phase 1 drill program at Mariana is complete. Through April to June 2011 a 20-person fully operational camp was erected at site, a 25 kilometre drill road network was constructed across the salar and 8 drill platforms were prepared. The Company is currently evaluating drill contracts with the expectation to commence drilling at the first viable availability.
The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a preliminary investigation that reported average grades of 440 mg/L lithium and 12,700 mg/L potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar in Chile. The objective of the Phase 1 drill program is to identify and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for early next year.
CANADIAN RARE METAL PROJECT UPDATE
ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects. Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT which was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The 2010 exploration program encountered limited exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile sample returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below 25 metres in depth or extend beyond the local workings.
In addition, surface exploration on the Mavis Lake rare metals' project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies.
Both the Moose and Mavis Lake projects are clearly emerging as premier multi-element rare metals projects. The Company is currently planning drill programs commencing in late summer 2011 to determine their potential.
ABOUT INTERNATIONAL LITHIUM CORP.
International Lithium Corp. is an international rare element metals ("REM") mineral exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a prominent lithium product manufacturer as a keystone investor.
ILC currently has 9 active REM projects, well balanced between lithium brines in Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project, a salar or 'salt lake', covering an expansive 160 square kilometres and strategically encompassing the entire basin. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. The Mariana lithium brine project ranks as one of the more prospective salars in the region.
Complementing the Company's lithium brine projects are the REM pegmatite properties. The key characteristics shared by the hard-rock REM projects are their limited past exploration, excellent accessibility, limited assaying for rare metals, clear potential for additional exploration to add project value and development potential to meet the global technological growth in demand for the REM suite of elements.
International Lithium Corp.'s mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.
On behalf of the Board,
Mike Sieb, President - International Lithium Corp.
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Shares CUSIP: #459820 10 6
Warrants Symbol: ILC.WT
Warrant CUSIP: #459820 11 4
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
International Lithium Corp.
Mike Sieb
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@internationallithium.com
www.internationallithium.com
It was listed on May 24, 2011
Was this just listed recently?
International Lithium Corp. ("ILC") a "Clean Tech" lithium resource developer with a global portfolio of lithium assets. Currently it is the 100%-owned subsidiary of TNR Gold Corp (TNR:TSX).
International Lithium Corp. ("ILC") currently holds highlyprospective projects in the most prolific areas of the world for lithium and rare metals. ILC has recently secured a strategic investor, Jiangxi Ganfeng Lithium Co Ltd, from China, with focus on advancing the core ILC projects.
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
82
|
Created
|
07/09/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |