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Strategic Partner, Ganfeng Lithium, Announces Initial Budget for Joint Ventures with International Lithium
(via Thenewswire.ca) Vancouver, B.C. / TNW-ACCESSWIRE / June 18, 2014: International L...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"Strategic Partner, Ganfeng Lithium, Announces Initial Budget for Joint Ventures with International Lithium(via Thenewswire.ca)\n\n \nVancouver, B.C. / TNW-ACCESSWIRE / June 18, 2014: International Lithium Corp. (the \"Company\" or \"ILC\") (TSX VENTURE:ILC.V) is pleased to announce that the Board of Directors of Ganfeng Lithium Co., Ltd. (\"Ganfeng Lithium\" or \"GFL\") approved a 2014 annual mining exploration budget for wholly owned subsidiary GFL International Co., Ltd. for fifteen (15) million yuan (approximately CAN $2,645,000). The funds were approved at a board meeting held on June 5, 2014 and will account for expenditures on the Blackstairs and Mariana projects collectively.\n\n\n \n\"We are encouraged by Ganfeng Lithium's approval of this exploration budget. These projects are a potential source of raw materials for GFL's manufacturing operations and we are officially making headway moving them along in accordance with our initial vertical integration model.\" Kirill Klip, President, International Lithium Corp.\n\n\n \nAbout International Lithium Corp.\n\n\n \n\nInternational Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.\n\n\n \n\nThe Company's primary focus is the Mariana lithium-potash brine project, within the renowned South American \"Lithium Belt\" that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or 'salt lakes\" in the region.\n\n\n \n\nComplementing the Company's lithium brine project are rare metals pegmatite properties in Canada and Ireland. These projects reported highly encouraging lithium mineralization in drill holes targeting pegmatites that are unexposed at surface (news releases dated April 3,2013 and June 25, 2013).\n\n\n \nWith the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow's \"green-tech\" economy. By positioning itself with solid development partners and acquiring high quality grass roo...