Business
International Lithium Announces Correction to News Release Dated July 8, 2021
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2021) - International Lithium Corp. (T...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Announces Correction to News Release Dated July 8, 2021Vancouver, British Columbia--(Newsfile Corp. - July 12, 2021) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") announces that the original news release captioned \"International Lithium Announces Measured + Indicated Resource of 6.85 Million Tonnes LCE at Mariana Lithium Brine Project\" published on July 8, 2020 contained a typographical error in the table illustrating the updated resource estimate.Column one of the table contained the heading \"Brine Volume* (Mm3)\" which should read \"Aquifer Volume (Mm3)\"Column two of the table contained the heading \"Brine Volume (GL)\" which should read \"Brine Volume* (GL)\"Below is the corrected news release in its entirety with the relevant updates.International Lithium Announces Measured + Indicated Resource of 6.85 Million Tonnes LCE at Mariana Lithium Brine ProjectVancouver, B.C. July 8, 2021 International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce an update on its Mariana project in Argentina. As at December 31, 2020 the Company owned 11.243% of the joint venture company owning Mariana called Litio Minera Argentina (\"LMA\"), and this stake has since then diluted to around 10%, a number which is subject to audit. The Company currently enjoys a back in right to increase its stake in LMA by a further 10%. If exercised, this back in right would increase the Company's stake in LMA to around 20%. The remainder of the shares in LMA are owned by Mariana Lithium Co.Ltd. (\"MLC\"), a wholly owned subsidiary of Ganfeng Lithium. MLC has also since 2017 been the manager of the Mariana project. The Company currently has no representation on the board of LMA and participates on the management committee only to the extent of its percentage ownership in LMA.The Company has now received a 300 page report (the \"Report\") from strategic partner Ganfeng Lithium Co. Ltd., (\"GFL\") that contains an updated mineral resource estimate for the Mariana lithium brine project (the \"Project\") located in Salta, Argentina. This Report was not prepared for public NI43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from t...