Business
International Lithium not Affected by Argentina Glacier Law
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2019) - International Lithium Corp. (...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium not Affected by Argentina Glacier LawVancouver, British Columbia--(Newsfile Corp. - June 13, 2019) - International Lithium Corp. (TSXV: ILC) (OTC PINK: ILHMF) (the \"Company\" or \"ILC\") has taken note of the recent Supreme Court of Argentina decision in which the Court rejected a claim brought by Barrick Gold Corp. that the Argentina Glacier Protection Law was unconstitutional. This law, driven by environmental considerations, prohibits mining in Argentina where such mining is on or near glaciers or is on permafrost, and implementation of this law would inhibit certain projects in such areas, or might put them on hold indefinitely.The Company's only current interest in Argentina is its part-ownership in the Mariana project joint venture with Ganfeng Lithium. The Board of Directors of the Company has sought and obtained reassurance that the location of the Mariana project is outside the scope of the Argentina Glacier Protection Law, as there are no designated glaciers in the vicinity of Salar de Llullaillaco, the site of the Mariana project. Consequently, the Board is pleased to report that the Supreme Court of Argentina decision would appear to have no effect whatsoever on the developmental viability or timescale of the Mariana project.On behalf of the Company,John WisbeyChairman and CEOwww.internationallithium.comFor further information concerning this news release please contact +1 604-449-6520Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Statement Regarding Forward-Looking InformationExcept for statements of historical fact, this news release contains certain \"forward-looking information\" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of the Supreme Court of Argentina decision regarding the Argentina Glacier Protection Law, the viability of the Mariana Joint Venture Project, the expectation of feasibility studies, lithium recoveries, modeling of capital and operating costs, results of studies utilizing membrane technology at the Mariana Project, budgeted expenditures increased value of shareholder investments, and continu...