International Lithium Corp. V.ILC

Alternate Symbol(s): ILHMF

Metals & Mining Industrial Metals & Minerals

International Lithium Corp. is a Canadian lithium exploration company. The Company's key metals are lithium (Li), copper (Cu) and rubidium (Rb). The Company's strategic countries of operation are Canada (Ontario) and Zimbabwe, with a Joint Venture in Ireland. In Canada, the Company's projects include Raleigh Lake, Firesteel, Wolf Ridge and Other. The Raleigh Lake Lithium and Rubidium project consists of over 48,500 hectares (ha) of mineral claims. The Firesteel Copper project consists of 17 mining claims, making up 316 mining claim units covering an area of approximately 6,600 ha. The Wolf Ridge property is comprised of around 275 claim units (around 5,700 ha). Its other projects include Mavis Lake and Forgan Lake. It has applied for various Exclusive Prospecting Orders in Zimbabwe. It has entered into an option agreement to acquire a 100% interest in certain mineral claims located in Manicaland Zimbabwe. It also has a 25% interest in two Projects (440 ha) in Manicaland, Zimbabwe.

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International Lithium Corp.

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Post by keeptryingokon Jul 22, 2016 9:40am

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Post# 25075323

Mariana 12M approved budget

Does anyone have any thoughts of the approved budget for the Mariana project. I know GFL has not completed their 10M commitment for their 80% of the project (assume they burn through that first) and ILC has no cash to contribute to maintain it's 20% of the new budget. So where does this leave us? In the past ILC has taken loans from GFL and repaid via percentage of Mariana project. Is that what's happening again? Doesn't make sense to me to approve a budget and not know where you're getting your portion of the financing.

gl

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