EDITOR: | November 5th, 2018

International Lithium’s rEVolution continues as they target a green future

| November 05, 2018 | No Comments

There’s a rEVolution about to happen in the way we use green energy. In the very near future both Electric Vehicles (EVs) and 5G radio access networks are going to change the way many things are done now. The EV industry is going to need batteries, lots and lots of batteries. For EVs it’s kind of obvious, but with 5G we are talking a whole new connection speed and this will mean more connected 5G enabled devices that also use batteries, lots of batteries. And all these batteries will need lithium. Lithium is the key to setting us on a path toward a low carbon energy future.

International Lithium Corp. (TSXV: ILC) is a “Clean Tech” lithium resource developer for the “energy rEVolution” with a global portfolio of lithium assets. International Lithium’s mission is to find, explore, and develop projects that have the potential to become world-class lithium, potash, and rare metal deposits. A key goal is to become a well funded company to turn that aspiration into reality. With the increasing demand for high tech applications in battery and vehicle propulsion technologies, lithium and other green energy metals are no doubt the metals of tomorrow’s green tech economy. International Lithium has five projects globally, as shown below.

Mariana lithium brine Project – Argentina – Flagship project

The Company’s most important development asset is their 17.24% stake in the Mariana lithium-potash brine project in Argentina, within the renowned South American ‘Lithium Belt’ that is host to the vast majority of global lithium resources, reserves, and production. The 160 square km Mariana Project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars, or ‘salt lakes’ in the region.

The Inferred Resource is estimated at 361 billion liters of brine grading: 322 mg/L lithium (Li), 10,316 mg/L potassium (K). The indicated contained lithium is 1,248,000 tonnes of LCE.

Mariana is being developed in a Joint Venture with Ganfeng Lithium, who are now the managers, and who are ranked the number two global lithium producer. This means Ganfeng add a wealth of experience and expertise in lithium processing to the JV, and also means they can manage the higher magnesium content at Mariana.

A Preliminary Feasibility Study (PFS) result is due soon.

Mavis Lake – Fairservice Project Canada (lithium pegmatite)

International Lithium also holds interest in the Mavis Lake – Fairservice project, which consists of 19 contiguous claims totaling 2,632 hectares within Brownridge Township located to the northeast of Dryden in north-western Ontario; and the Raleigh project comprising 809 hectares of mineral claims in the Kenora Mining District of Ontario.

Avalonia Lithium Pegmatite Project, Ireland

At Avalonia, International Lithium operates under a joint venture partnership again with Ganfeng Lithium (GFL owning 55%). The project has currently identified 23 major targets under 8 prospecting licences covering 292 km2. Nineteen significant lithium pegmatite occurrences were discovered in the 70’s with a 50 km2 belt still unexplored.

John Wisbey, Chairman and CEO of International Lithium stated after his appointment on March 16, 2018:  “We have some wonderful mining assets, Mariana in Argentina owned 17.24% by ILC and 82.76% by Ganfeng Lithium being the most important one. Moreover that stake can be increased to 27.24% in the future at our option on paying a share of project costs”.

By positioning itself with the highest level development partners and projects with significant resource potential, International Lithium aims to be one of the green tech resource developers of choice for investors, and to build value for its shareholders. Valuation is attractive especially given the recent metal miners rout caused by the trade war.

The world is going green and anything related to this revolution should benefit, as there’s going to be a great need for batteries, and that also means lithium.


Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>

Copyright © 2021 InvestorIntel Corp. All rights reserved. More & Disclaimer »

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.