International Lithium Expands Raleigh Lake Lithium Project Area

2021

ILC announces that it has acquired through staking more than 14,000 hectares of claims in the vicinity of the Raleigh Lake lithium and rubidium project in Ontario, Canada, bringing the Raleigh Lake project area to just over 17,000 hectares (170 square kilometres). The new claims were staked within the Raleigh Lake Greenstone Belt adjacent to the pre-existing Raleigh Lake claim grouping.

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International Lithium Announces $1,000,000 Private Placement

2021

ILC.V is pleased to announce a non-brokered private placement of up to 16,666,667 units at CAD $0.06 per Unit to raise gross proceeds of up to CAD$1m. Each Unit will be comprised of one common share and one-half of one share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share at an exercise price of CAD $0.08 per common share until June 30, 2024.

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International Lithium Announces Measured + Indicated Resource of 6.85 Million Tonnes LCE at Mariana Lithium Brine Project

2021

International Lithium Corp is pleased to announce an update on its Mariana project in Argentina. As at December 31, 2020 the Company owned 11.243% of the joint venture company owning Mariana called Litio Minera Argentina (“LMA”), and this stake has since then diluted to around 10%, a number which is subject to audit. The Company currently enjoys a back in right to increase its stake in LMA by a further 10%. If exercised, this back in right would increase the Company’s stake in LMA to around 20%. The remainder of the shares in LMA are owned by Mariana Lithium Co.Ltd. (“MLC”), a wholly owned subsidiary of Ganfeng Lithium. MLC has also since 2017 been the manager of the Mariana project. The Company currently has no representation on the board of LMA and participates on the management committee only to the extent of its percentage ownership in LMA.

The Company has now received a 300 page report (the “Report”) from strategic partner Ganfeng Lithium Co. Ltd., (“GFL”) that contains an updated mineral resource estimate for the Mariana lithium brine project (the “Project”) located in Salta, Argentina. This Report was not prepared for public NI43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from the Report which have already been disclosed in a news release issued by Ganfeng Lithium on 06 July 2021, and/or in a news release by the Salta Government in Argentina on 16 June, 2021.

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