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International Lithium Corp. Updates on Lepidico Arbitration Determination
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC"...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") announces that on December 24, 2025, it received the arbitration determination for Lepidico's dispute with Jiangxi Jinhui Lithium Co., Ltd. ("Jinhui") in China. Lepidico Chemicals Namibia (Pty) Ltd ("Lepidico Namibia") was the party involved in the arbitration. The dispute dates back to events prior to Lepidico's acquisition of TSXV-quoted Desert Lion Energy Inc. in 2019.","length":581,"tagName":"p"},{"type":"text","content":"ILC structured the deal announced on September 9, 2025, to buy Lepidico Mauritius as an option precisely because it wanted to wait and see the outcome of the arbitration decision. Lepidico Mauritius owns 80% of Lepidico Namibia, which, in turn, owns the entire Karibib Lithium, Rubidium and Cesium project (the "Karibib Project").","length":340,"tagName":"p"},{"type":"text","content":"The arbitration took place at the Singapore International Arbitration Centre ("SIAC") as provided for in the contract between the parties. It is understood that the case was referred to arbitration at the direction of the State Administration of Foreign Exchange ("SAFE"), a Chinese state body and regulator under the People's Bank of China. The contract between the parties was under Ontario law. There were no Canadians on the arbitration tribunal. A tribunal of three arbitrators was appointed. The presiding arbitrator and a co-arbitrator were both Professors who are nationals of and resident in China; the second co-arbitrator was a Singapore national. The arbitration determination was issued in Chinese, with an English translation. This differs from the Singapore court system, where all proceedings and judgments are conducted in English.","length":872,"tagName":"p"},{"type":"text","content":"The outcome was unfavourable to Lepidico Namibia and resulted in a determination in favour of Jinhui.","length":101,"tagName":"p"},{"type":"text","content":"ILC currently holds an option, is a secured creditor, and believes in the future of the Karibib Project. ILC's board is considering various courses of action and expects to make further announcements in due course.","length":218,"tagName":"p"},{"ty...