International Lithium Corp. Engages Investing News Network
International Lithium Corp. Engages Investing
News Network
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2023) - International Lithium Corp. (TSXV:
ILC) (OTCQB: ILHMF) (FSE: IAH) (the "
Company
" or "
ILC
") is pleased to announce that it has entered
into a new advertising and investor awareness campaign agreement (the "
Agreement
") with Dig Media
Inc. dba Investing News Network ("
INN
"). Headquartered in Vancouver, Canada, INN has offices in
Toronto, New York, and San Francisco. INN has been dedicated to providing independent news and
education to investors since 2007.
INN will introduce the Company to INN's audience of educated, active investors. Using a variety of
methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising
and dedicated emails, INN will encourage its audience to engage directly with the Company to consider
investing in the Company. INN does not provide investor relations or market-making services as defined
by TSX Venture Exchange policies.
Under the terms of the Agreement with INN, which supersedes an earlier agreement with INN, the
Company has agreed to pay INN $29,000 at the commencement of the campaign and $29,000 after six
months. The engagement, to the extent that it constitutes marketing activity under TSX Venture
Exchange policies, is subject to the approval of the TSX Venture Exchange.
John Wisbey, Chairman and CEO of International Lithium Corp. commented:
INN will expand ILC's name recognition and corporate message via digital and social media platforms
resulting in greater market awareness of ILC's very promising Raleigh Lake and other lithium projects.
The engagement of INN is an implementation of our plan shared in the Q3 2022 Chairman's report that
we will focus on getting our message out loud and clear, so that every serious investor in the lithium
space knows about us.
About International Lithium Corp.
International Lithium Corp. believes that the world faces a significant turning point in the energy market's
dependence on oil and gas and in the governmental and public view of climate change. In addition, we
have seen the clear and increasingly urgent wish by the USA and Canada to safeguard their supplies of
critical battery metals and to become more self-sufficient. Our Canadian projects are strategic in that
respect.
Our key mission in the next decade is to make money for our shareholders from lithium and rare metals
while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of
our existing projects in Canada and Ireland as well as finding, exploring and developing projects that
have the potential to become world class lithium and rare metal deposits. Zimbabwe has been identified
as a strategic market by the Company.
A key goal has been to become a well-funded company to turn our aspirations into reality, and following
the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in
January 2022, the Board of the Company considers that ILC is now well placed in that respect with a
strong net cash position.
The Company's interests in various projects now consists of the following, and in addition the Company
continues to seek other opportunities, especially in Canada and Zimbabwe:
Name
Location
Area
(Hectares)
Current
Ownership
Percentage
Future
Ownership
percentage if
options
exercised or
work carried
out
Operator or
JV Partner
Raleigh Lake
Ontario
48,500
100%
100%
ILC
Wolf Ridge
Ontario
5,700
0%
100%
ILC
Avalonia
Ireland
29,200
45%
21%
Ganfeng
Lithium
Mavis Lake
Ontario
2,600
0%
0%
(carries an
extra earn-in
payment of
CAD $1.4M if
resource
targets met)
Critical
Resources Ltd
(ASX:CRR)
Forgan Lake &
Lucky Lake
Ontario
< 500
0%
1.5% Net
Smelter
Royalty
Ultra Lithium
Inc.
(TSX.V:ULT)
The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and
caesium project in Canada and on identifying additional properties.
The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in
Ontario and is ILC's most significant project in Canada. The exploration results there so far, which are on
only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the
pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances,
and is royalty free.
With the increasing demand for high tech rechargeable batteries used in electric 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 projects with significant resource potential
and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers
of choice for investors and to continue to build value for its shareholders in the '20s, the decade of
battery metals.
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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release or other releases contain certain "forward-
looking information" within the meaning of applicable securities law. Forward-looking information or
forward-looking statements in this or other news releases may include: the effect of results of
anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or
Wolf Ridge or Avalonia projects, the expectation of resource estimates, preliminary economic
assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and
operating costs, results of studies utilizing various technologies at the company's projects, budgeted
expenditures and planned exploration work on the Company's projects, increased value of
shareholder investments, and assumptions about ethical behaviour by our joint venture partners or
third party operators of projects. Such forward-looking information is based on a number of
assumptions and subject to a variety of risks and uncertainties, including but not limited to those
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, legislative,
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/150984