Business
International Lithium Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2017) - International Lithium Corp...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"\nInternational Lithium Announces Grant of Stock OptionsVancouver, British Columbia--(Newsfile Corp. - February 23, 2017) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") announces that it has granted to directors, officers and consultants of the Company stock options (the \"Options\") to purchase a total of 3,150,000 common shares at a price of $0.155 per common share. The Options are exercisable for a period of 5 years and have been granted in accordance with the terms of the Company's current stock option plan. The options are subject to a four month hold period. About International Lithium Corp.International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.The Company's primary focus is the stratetegic stake in the Mariana lithium-potash brine project (including 10% back-in right), a joint venture with Ganfeng Lithium Co. Ltd. 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 evaporate basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region.Complementing the Company's lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite belt.  The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner Pioneer Resources Limited (ASX:PIO).  The Mavis, Raleigh and Forgan projects together form the basis of the Company's newly created Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow's \"green-tech\", sustainable economy. By positioning itself with solid strategic partners and a...