Business
International Lithium Corp. Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2023) - International Lithium Corp. (...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Corp. Grants Stock OptionsVancouver, British Columbia--(Newsfile Corp. - February 10, 2023) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the \"Company\" or \"ILC\") announces that pursuant to the Company's stock option plan and the policies of the TSX Venture Exchange, it has granted 5,091,000 stock options (the \"Options\") to directors, officers, and consultants of the Company. The Options are exercisable at $0.075 per common share until February 9, 2028. The Options vested on the date of grant. This brings the number of outstanding options to 17,196,000, representing a total of 6.92% of the Company's outstanding shares. 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. We have announced separately that we regard Zimbabwe as an important strategic target market for ILC, and we hope to be able to make announcements over the next few weeks and months.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:NameLocationArea (Hectares)Current Ownership PercentageFuture Ownership percentage if options exercised or work carried outOperator or JV PartnerRaleigh LakeOntario48,500100%100%ILCWolf RidgeOntario 5...