International Lithium Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 1910, 1030 West Georgia Street
Vancouver, British Columbia
Canada V6E 2Y3
Tel No.: +1-604-449-6520
Web Site:
Contact Person: John Wisbey (
Chairman and CEO

Yana O'Sullivan (
Director of Investor Relations

Company Data

Traded Market: TSXV / OTC / WKN / FRA
Traded Symbol: ILC / ILHMF / A1JAZU / IAH
Outstanding Shares: 94,995,903
Fully Diluted: 148,899,727
Public Float: ~70,000,000
52 Week High: $ 0.23
52 Week Low: $ 0.07
Present Price: Click Here







International Lithium Corp. (ILC) is a lithium resource exploration and development company. ILC has a significant portfolio of projects, strong management, and a strategic partner and key investor, Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”), a leading China-based lithium product manufacturer. Ganfeng Lithium has a 16.29% ownership in ILC (or 11.43% if all convertibles convert).

ILC currently owns stakes in highly prospective projects in the most prolific areas of the world for lithium and rare metals. ILC and Ganfeng Lithium have been jointly working on developing the Mariana Lithium Brine Project in Argentina and the Avalonia Lithium Pegmatite Project in Ireland since 2014.

The Company's primary strategic focus is on the Mariana Project in Argentina (brine) and on the Raleigh Lake Project in Canada (hard rock), also complemented by further hard rock projects in Canada (the Mavis Lake Project) and Ireland (the Avalonia Project).

Projects in Hand

Mariana Project, Argentina

Commodities: Lithium, Potassium and Boron
Ownership: 82.754% Ganfeng Lithium (GFL), 17.246% ILC, ILC retains 10% back-in right, i.e. the right to acquire a further 10%.
Location: Salta, Argentina

  • Located in the Lithium Triangle near large-scale brine and copper mining operations
  • Claim block encompasses an entire 16,000 hectare salar (salt lake)
  • Salta is recognized as one of the most mining friendly provinces in Argentina
  • Several international mining companies are carrying out successful operations nearby

The mineral rights (all in Argentina) strategically encompass an entire salar or 'salt lake' basin in the “Lithium Triangle” of Chile, Argentina and Bolivia. This region is host to the majority of global lithium resources, reserves and production.

Mariana – Resource Estimate (2017)

Indicated Resource: 1,248,000 tonnes of LCE (Lithium Carbonate Equivalent)
Inferred Resource: 618,000 tonnes of LCE

  • The Indicated Resource is estimated at 765 billion litres of brine grading:
    • 306 mg/L lithium (Li)
    • 9,457 mg/L potassium (K)
  • The Inferred Resource is estimated at 361 billion litres of brine grading:
    • 322 mg/L lithium (Li)
    • 10,316 mg/L potassium (K)

Planned Work

  • Pump Tests to continue in 2018
  • Preliminary Economic Studies underway, and expected in October 2018
  • Decision to move forward with Feasibility Studies expected in early 2019
  • Exploitation Permitting Activities

Raleigh Lake Project, Ontario

Commodities: Lithium, Tantalum
Ownership: 100% ownership
Location: 20km W of Ignace, Ontario

  • Easy access via the Trans-Canada Highway
  • ILC has increased the total size of the Raleigh Lake project to 1,976 hectares of adjoining mineral claims
  • Drill hole RL10-02 returned 2.80% Li2O over 9.0m
  • Drill hole RL10-03 returned 0.024% Ta2O5 over 8.5m

The Raleigh Lake project is now regarded by ILC management as ILC's most significant project in Canada. ILC will be conducting further magnetic drone surveys and drilling in the next few months with the goal of validating its hopes for the potential of Raleigh Lake. There will be a Canadian flow through financing opportunity on this project.

Mavis Lake Project, Ontario

Commodities: Lithium, Caesium
Ownership: Pioneer Resources (ASX:PIO) now owns 51% in Mavis Lake and has the option to increase to 80% by expending a further C$8.5m on exploration. ILC owns 49% and has a further net smelter royalty of 1.5%
Location: 15km NE of Dryden, Ontario

  • Easy access via the Trans-Canada Highway, 60km from Raleigh Project
  • Claims cover 2,624 hectares over several known rare metal pegmatites
  • Rare metal mineralization in the Mavis Lake area occurs in zoned pegmatites hosted by mafic metavolcanic rocks
  • Drill hole MF11-12 returned 1.86% Li2O over 26.25m and 1.22% Li2O over 28.45m.

Forgan Lake Project, Ontario

Commodities: Lithium
Ownership: 100% ownership by Ultra Lithium Inc. once the deal is completed
Location: 125km NE of Thunder Bay, Ontario

On September 10, 2018, International Lithium announced that it has reached an agreement to sell its Forgan Lake mineral rights to Ultra Lithium Inc. (TSXV: ULI). ILC will receive a 1.5% net smelter royalty on future production, both from Forgan Lake and from an adjoining property owned by Ultra Lithium.

Avalonia Project, Ireland

Commodities: Lithium
Ownership: 55% owned by GFL, up to 79% if C$10m exploration funded by Ganfeng; ILC owns 45%
Location: Leinster, Ireland

  • 292 km of licenses covering a 50km long pegmatite belt
  • Pegmatite intersected at Aclare containing 2.23% Li2O over 23.3m incl. 3.43% Li2O over 6.0m (drill width)
  • Multiple pegmatite dyke intersections & 1.50% Li2O over 5.60m intersected at Moylisha


Management and Directors

John Wisbey, Chairman and Chief Executive Officer

Mr. Wisbey became an investor in ILC in 2015, joined the board as Deputy Chairman in 2017 and became Chairman and CEO in March 2018. He has acted as a public company Chairman, CEO or Director for eighteen years. He is an ex-banker at Kleinwort Benson (including 5 years in Hong Kong and Singapore) and a technology entrepreneur. He founded two London AIM listed companies; IDOX plc and Lombard Risk Management plc. He also established CONVENDIA Ltd., a software company specializing in cash flow and revenue forecasting, and has become active in the digital asset space with investments and board positions in crypto trading platforms and crypto custody. Mr. Wisbey was also Deputy Chairman of the Company's former parent TNR Gold Corp. until January 2018. He is a graduate of Cambridge University.

Maurice Brooks, Director and Chief Financial Officer

Mr. Brooks is a licensed senior statutory auditor in the UK. Since 2000, he has been a senior partner in Johnson, Smith & Co., Chartered Accountants and Statutory Auditors.

Ross Thompson, Director

Mr. Thompson is a speaker and expert in marketing behavioral science. In 1995, he founded Giftpoint Ltd. Mr. Thompson was President of IGC Global Promotions.

Kirill Klip, Director

Mr. Klip is Chairman, CEO and President of TNR Gold Corp., ILC's former parent. The company's stake in ILC is now down to 4.1%.

Anthony Kovacs, Chief Operating Officer

Mr. Kovacs has over twenty-two years experience in mineral exploration and development. Before joining ILC, he held senior management roles developing iron ore and industrial minerals projects. Prior to that Mr. Kovacs worked for Anglo American, where he was directly involved in several new discoveries internationally.

Nancy La Couvee, Corporate Secretary, Compliance Manager

Ms. La Couvée has over twenty years of experience acting as Corporate Secretary of a number of public and private internationally focused companies in the resource sector.

Afzaal Pirzada, M.Sc, P.Geo., QP, Chief Technical Consultant

Mr. Pirzada has over thirty years of experience in mineral exploration and mining with specific expertise in lithium, rare earth elements, graphite, PGE and uranium. He was previously President, CEO and Director of Rock Tech Lithium.

Nicholas Davies, Chief Technology Officer (IT)

Mr. Davies has over 20 years experience of building technology applications gained at JP Morgan and as CTO of Lombard Risk Management plc. He is also CTO of CONVENDIA Ltd.

Yana O'Sullivan, Ph.D, MBA, Director of Investor Relations

Dr. O'Sullivan is responsible for investor relations at International Lithium and also for corporate communications and assisting the CEO with capital strategy. She has a background in investor relations gained at Standard Chartered Bank and also at Friends Life Group where she was head of investor relations.

News Update

On December 11, 2018, International Lithium Corp. announced that it will conduct a private placement of up to 50 million units at a price of five cents per unit for gross proceeds up to $2.5-million. The proceeds of the private placement will be used for exploration on the Company's Raleigh and Mariana projects and for general working capital purposes.

On December 6, 2018, International Lithium Corp. has released the positive results of a preliminary economic assessment (PEA) for the Mariana lithium brine project located in the province of Salta, Argentina. Net present value of $192-million (U.S.) after-tax at 10-per-cent discount rate, internal rate of return of 20-per-cent post tax. 于2018年12月6日,International Lithium Corp. 公布位于阿根廷的Mariana锂盐水项目的初步经济评估取得正面结果。以10%贴现率计算,税后净现值为1.92亿美元,税后内部收益率为20%。

John Wisbey, Chairman and CEO of ILC, talks to the Mining Journal about how his background in entrepreneurial finance and technology has helped him to take charge and turnaround ILC

Interview with John Wisbey, Chairman and CEO of ILC


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