Business
Sale Completion of Non-Core Irish Assets for CAD$ 2.5 million
Asset Portfolio Overview Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that it has completed the sale of all its interest in the Avalonia Project in Ireland and in Blackstairs Lithium Ltd, the company that owns that project. As announced on September 17, 2024, the Company's interest in the Avalonia Project was sold then to GFL International Co., Limited ...
About this update from Ganfeng Lithium Group Co., Ltd. Class A
[{"type":"text","content":"Asset Portfolio Overview","length":24,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that it has completed the sale of all its interest in the Avalonia Project in Ireland and in Blackstairs Lithium Ltd, the company that owns that project.","length":360,"tagName":"p"},{"type":"text","content":"As announced on September 17, 2024, the Company's interest in the Avalonia Project was sold then to GFL International Co., Limited ("GFL"), a subsidiary of Ganfeng Lithium Group Co., Ltd. ("Ganfeng"), for a consideration of CAD$ 2.2 million plus a 2% Net Smelter Royalty. The Company reports that it has now sold its shareholding in Blackstairs Lithium to GFL for an additional CAD$ 0.3 million. The final CAD$ 1.0 million of the consideration for the CAD$ 2.2 million Avalonia Project is payable by GFL in October 2025.","length":544,"tagName":"p"},{"type":"text","content":"John Wisbey, Chairman and CEO of ILC, commented: ","length":48,"tagName":"p"},{"type":"text","content":""We are pleased to have completed the sale of our interest in the Avalonia Project to GFL who was our partner in Ireland. This divestment allows us to focus on our wholly owned or majority-owned projects in Canada and on progressing identified opportunities in Southern Africa. We have a strong 11-year relationship with Ganfeng, and we will welcome working with Ganfeng again on future projects when there is a mutual interest in doing so."","length":451,"tagName":"p"},{"type":"text","content":"About International Lithium Corp.","length":33,"tagName":"p"},{"type":"text","content":"International Lithium Corp. has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and now one in Ireland) in which ILC has sold its share but where we stand to receive future payments from either a resource milestone being achieved or from a Net S...