Business
International Lithium Announces Strategic Investments and Royalty Business Model
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2017) - International Lithium Corp...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"\nInternational Lithium Announces Strategic Investments and Royalty Business ModelVancouver, British Columbia--(Newsfile Corp. - February 9, 2017) - International Lithium Corp. (TSXV: ILC.V) (the \"Company\" or \"ILC\") is pleased to announce that further to the Company's news release dated January 25, 2017 announcing certain strategic changes to its corporate structure, ILC will now begin to build its new business model.As part of the new model ILC will continue to focus its efforts on the advancement of the Mariana Lithium Brine project in Argentina and the Avalonia Lithium Pegmatite project in Ireland together with strategic joint venture partner Ganfeng Lithium Co. Ltd. (\"GFL\") in a manner that best suits the interests of both parties. Discussions are currently underway to identify the most effective structure in which to move these projects forward and to add value to both GFL and ILC.ILC will also continue to focus on the advancement of the Mavis and Raleigh Lithium Pegmatite projects in Ontario, Canada with strategic partner Pioneer Resources Limited where the first hole of a recently announced drilling campaign has reported an intersection of spodumene bearing pegmatite (Company news releases, February 7 and February 8, 2017).In addition to these ongoing value generators, ILC intends to build on the expertise it has gained in acquiring and advancing world class lithium prospects and will seek to extend its portfolio of strategic assets that are not restricted to early stage exploration prospects. The Company will now begin to pursue lithium (and possibly other strategic mineral interests related to the battery sector) projects, investments and royalties in partnerships with worldwide leaders in the battery making, electric car, energy and utilities industries. ILC has begun building a team that will give it a significant advantage in assessing and acquiring the highest quality projects while maintaining a significant core strength of experienced and talented individuals possessing extensive experience in corporate governance and international finance.\"I am very pleased with how our strategic transition is moving forward at ILC,\" states Kirill Klip, Chairman, President and CEO International Lithium Corp. \"We are switching from a relatively low profit base of only managing exploration operations for the development of...