International Lithium Appoints Nicholas Davies Director
NEWS RELEASE
International Lithium Appoints Nicholas Davies Director
Vancouver, B.C. November 9, 2018: International Lithium Corp. (the “ Company” or “ ILC”)
(TSX VENTURE: ILC), announces the appointment of Nicholas Davies to its Board of Directors.
Nicholas Davies has served as a public company director since 2010 when he joined the board
of Lombard Risk Management plc (formerly LSE: LRM, renamed Vermeg Mangement Ltd., a
private company , following a takeover). He has over 20 years of experience in building
technology applications. Since 2016, he has bee n Chief Technical Officer of Convendia Ltd.,
which is a young start -up that aims to help organizations reduce their risk of financial instability
by gaining better transparency and understanding through modelling of contingent cash flows,
costs, and the im pact to funding and revenue recognition. From 2008 to 2016, he served as
Chief Technical Officer of Lombard Risk Management plc, one of the world’s leading providers
of collateral management and regulatory compliance solutions to financial organizations an d
large corporations around the world. In addition to the role of CTO, he was a board member,
providing insight and governance on a wide range of issues from partnerships, strategic product
direction, and acquisitions of competing organizations. From 2002 to 2008, he served as CTO of
a division of JP Morgan Chase, London. Mr. Davies has a BSc in Computer Science from Leeds
University and a BTEC Diploma in Computer Studies from Scarborough Technical College.
About International Lithium Corp.
International Lithium Corp. has a significant portfolio of projects, strong management, and a
strategic partner and key investor, Jiangxi Ganfeng Lithium Co. Ltd., (“Ganfeng Lithium”) a
leading China-based lithium product manufacturer.
The Company’s primary strategic focus is now on the Mariana project in Argentina and on the
Raleigh Lake project in Canada.
The Company has a strategic stake in the Mariana lithium -potash brine project located within
the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium
resources, reserves and production. The Mariana project strategically encompasses an entire
mineral rich evaporite basin, totallin g 160 square kilometres that ranks as one of the more
prospective salars or ‘salt lakes’ in the region. Current ownership of the project is through a joint
venture company, Litio Minera Argentina S. A., a private company registered in Argentina,
owned 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.
1030 West Georgia Street, Suite 1910
Vancouver, British Columbia
V6E 2Y3, Canada
+1-604-449-6520
www.internationallithium.com
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The Raleigh Lake project, now consisting of 3,027 hectares of adjoining mineral claims in
Ontario, is now regarded by ILC management as ILC’s most significant project in Canada. It is
100% owned by ILC, is not subject to any encumbrances, and is royalty free.
Complementing the Company’s lithium brine pr oject at Mariana and rare metal pegmatite
property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario,
Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in
Ireland, which encompasses an extensive 50-km-long pegmatite belt.
The ownership of the Mavis Lake project is now 51% Pioneer Resources Limited (ASX:PIO,
“Pioneer”) and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. Pioneer has an
option to earn an additional 29% by sole -funding a further CAD $8.5 million expenditures of
exploration activities, at which time the ownership will be 80% Pioneer and 20% ILC.
The Forgan Lake project will, upon Ultra Lithium meeting its contractual requirements pursuant
to its agreement with ILC, b ecome 100% owned by Ultra Lithium (TSXV: ULI), and ILC will
retain a 1.5% NSR on Forgan Lake.
The ownership of the Avalonia project is currently 55% Ganfeng Lithum and 45% ILC. Ganfeng
Lithium has an option to earn an additional 24% by either incurring CA D $10 million
expenditures on exploration activities or delivering a positive feasibility study on the project, at
which time the ownership will be 79% Ganfeng Lithum and 21% ILC.
With the increasing demand for high tech rechargeable batteries used in ele ctric vehicles and
electrical storage as well as portable electronics, lithium has been designated “the new oil”, and
is a key part of a “green tech”, sustainable economy. By positioning itself with solid strategic
partners and projects with significant re source potential, ILC aims to be one of the lithium and
battery metals resource developers of choice for investors and to continue to build value for its
shareholders.
International Lithium Corp.’s mission is to find, explore and develop projects that hav e 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.
On behalf of the Company,
John Wisbey
Chairman and CEO
www.internationallithium.com
For further information concerning this news release please contact +1 604-449-6520
Neither 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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 19 33, as amended or any state securities
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laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking
information” within the meaning of applicable securities law. Forward -looking information or
forward-looking statements in this news release may include: the timing and anticipated results
of drilling on the Mavis Lake Project, the expectation of feasibility studies, lithium recoveries,
modeling of capital and operating costs, results of studies utilizing membrane technology at the
Mariana Project, budgeted expenditures and planned exploration work on the Avalonia JV, and
continued agreement between the Company and Jiangxi Ganfeng Lithium Co. Ltd. regarding the
Company’s percentage interest in the Mariana project. In addition, the information in this news
release about the private placements; the use of the proceeds from the private placements; the
jurisdictions in which the FT Shares will be offered or sold; the number of FT Shares offered or
sold; the siz e of the private placements; the timing and ability of the Company to close the
private placements, if at all; the timing and ability of the Company to satisfy the customary
listing conditions of the TSX Venture Exchange, if at all; the timing and ability of the Company
to obtain all necessary approvals; the tax treatment of the securites issued under the FT private
placement under the Income Tax Act (Canada), the timing to renounce all Qualifying
Expenditures in favour of the subscribers, if at all; may be forward-looking information. Such
forward-looking information is based on a number of assumptions and subject to a variety of
risks and uncertainties, including , among others, , risks relating to the private placements;
volatility in the trading price of common shares of the Company; risks relating to the ability of
the Company to obtain required approvals, complete definitive documentation and complete the
private placements; the ability of the Company to complete further exploration activities,
including drilling; property interests; the results of exploration activities; risks relating to mining
activities; the global economic climate; metal prices; dilution; environmental risks; changes in
the tax and regulatory regime; and community and non -governmental actions, and those risks
discussed in the sections entitled “Risks” and “Forward -Looking Statements” in the interim and
annual Management’s Discussion and Analysis which are available at www.sedar.com. While
management believes that the assumptions made are reasonable, there can be no assurance
that forward -looking statements will prove to be accurate . Should one or more of the risks,
uncertainties or other factors materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward-looking information. Forward-
looking information herein, and all subsequent written and oral forward -looking information are
based on expectations, estimates and opinions of management on the dates they are made
that, while considered reasonable by the Company as of the time of such statements, are
subject to significant business, economic and competitive uncertainties and contingencies.
These estimates and assumptions may prove to be incorrect and are expressly qualified in their
entirety by this cautionary statement. Except as required by law, the Company assumes no
obligation to update forward -looking information should circumstances or management’s
estimates or opinions change.