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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.


TSXV:ILC - Post by User

International Lithium Corp.
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Comment by Go0B3ron Mar 05, 2020 2:39pm
193 Views
Post# 30771733

RE:Questions?

RE:Questions?Not sure I've seen a "Standstill" agreement in place since I've been following this company, but if the resources pan out, Ganfeng certainly has the money in the bank to do a buyout here.  So far every one of their drilling programs have yielded great results, with only one left to be determined - Raleigh Lake.  

It's my understanding that Pioneer from Australia is also on board, and it might end up being a situation where both Pioneer and Ganfeng partner up to either help ILC to production, or just bid them out of their resources.  Pioneer having hard rock lithium expertise, might be waiting on Raleigh resource estimate to determine their involvement in the future.  This is all speculative of course, but it's how things are looking as of right now.  


tiger6301 wrote: I haven't followed ILC very much.  Does anyone know if ILC and Ganfeng has any sstandstill agreement?  Wouldn't it a good ideas for Gangfeng to buy ILC out rather than JV with it?

Thanks.

tiger


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