Sunday, 21 January 2018

SQM Lithium Oversupply Scare 2.0: SQM 2010: "We Can Supply Lithium For 1000 years". SQM 2018: "Maybe We Can Produce 216k T Of Lithium LCE In 2025"




My dear overestimated by social media overextended family of friends and followers, I do hope that the following warning will come as a surprise only to those who are recovering from pot-related investing. After all, to follow Warren Buffett's investment advice you have to "kick the tires" and try all the products yourself ... As we already know, all normal people are spending 10 times more time on research how to pick up the best next flat screen 4k HD TV than on a due diligence on "a sure stock" which will make all dreams come true. (I have made it up - 10 times, the actual number is ... much higher.) 



There is only one sure thing which was recently discovered by mathematicians from CIA which will make you filthy rich very fast - Bitcoin, all other brave investment ideas must be taken with suspicion and proper due diligence. In short, do not buy everything, please, I am talking about on this blog and read my disclaimers as usual.





Only the history will tell us how Mr Market is going to treat the last week's events in the "Opaque Lithium Kingdom". Was it the best entry point of the decade just before the real exponential take off in the growth of Electric Cars entering mass-market territory or a sobering warning, that everything without blockchain in the name can go faster down than up? History teaches us that bull markets are taking stairs going up and bear markets prefer elevators going down. I do not know the future, I only can try to remember it. There is no investment advice on this blog and you can only read Chronicles of Energy rEVolution here.

SQM Lithium Oversupply Scare 2.0 is nothing new to those who were born after 2000. I still vividly remember the 2nd Lithium Supply And Markets conference held in Las Vegas in 2010. "The Lithium Big Three" one after another was putting buckets of ice brine on all excited crowd in the room. "We can supply lithium for the next 1000 years" - it was a very clear message. I am still thinking that somebody with a good for $250 million chequebooks could buy all lithium wannabee juniors in the room on the spot. Needless to say, how much brine has passed from those times, sweet memories - some of those juniors are bankrupt, others are in production already and exceeding market caps in billions of dollars.





"The Old Lithium Big Three" are not there anymore, Chinese players have stormed the market by abordage. In "The New Lithium Top Five" FMC is pushed by Ganfeng Lithium and Tianqi on the 5th place. By the way, in 2010 we had all trading houses and major conglomerates from Japan, few majors from South Korea and only literally a couple of companies from China participating in that conference. Today China is the Centre of The Lithium Universe.

But back to SQM Lithium Oversupply Scare 2.0, what is all that excitement about? Everybody will decide for themselves before Mr Market will pick up the winners and losers. The short version of the SQM and CORFO deal is reported by Reuters.

"Under the new contract, SQM would be able to produce up to 216,000 tonnes of lithium carbonate a year through 2025 in the Salar de Atacama, the source of half the company’s revenue, if it makes certain investments and obtains the relevant permits." Reuters

One of the first good analyses is published here. And Lachlan  Shaw's view from UBS is being presented above. To put these things in perspective: UBS is expecting 2,898% jump in lithium demand in 100% EV world! Roskill has tripled their base case scenario for lithium demand to soar to over 1,000,000 T of Lithium LCE to be produced annually in 2026.





Another important number is that just over 200,000 T of Lithium LCE was produced in 2017. If anything, this event should just bring some comfort to those who are still worried that there will be not enough lithium to go 100% Electric or that lithium hydroxide price will go to $100,000 per T and this price jump and the shortage will kill all idea of the mass market for Electric Cars.





Last summer I have brought my "totally outrages" personal forecast that we will have to produce 36 million T of Lithium LCE by 2040 in order just to meet IEA target of 600 million electric cars on the roads. I will give you another one - 100 million T of Lithium LCE have to be produced by 2050 in case if Elon Musk and Warren Buffett are both right and all cars will be electric ... long before it.





And we are not even talking here about Energy Storage, personal communication, drones and hungry Robots coming after all that. So what have "wiped billions of dollars from lithium companies valuations last week"? "CORFO permission for SQM" to produce 216,000 T of Lithium LCE in 2025? This bull market has not even started if the tree can be shaken by this drop in the bucket. Strong hands were busy picking up everything they can in the solid names. And solid names means not just the word lithium in companies' names.





Now let's start the serious conversation about The Security of Lithium Supply. It looks like the first mantra is learnt by now: The Price Of Lithium Is The Second Thought After You Have Got Some Secure Supply. Now let's start thinking about the real challenge: The Price For Lithium And Its Amount Somewhere Are Not Important If You Can't Get It. I will leave this stimulating process for all of you who is really interested. Scene one will be with China diverting supply of Lithium Chemicals for Batteries to their own producers. Scene two will be with Australia, Chile, Argentina, Canada and others prohibiting the export of any Battery Grade Lithium Chemicals other than in Lithium Batteries. And if you are still thinking that we are not in DRC with "AKM rule of law", just watch some TV this afternoon ... Orange is the new Black.





As you already know, we are in a sugar business for Coca-Cola with our International Lithium Corp. Now it is time to think about the next step after Vertically Integrated Lithium Business will be built. My LinkedIn space is getting more and more crowded with my new friends from China, but I am still waiting for that call from Elon Musk. Maybe it is not too late to discuss a few great locations for Tesla Gigafactories in Argentina, Ireland and Canada.





Back Into The Future - Lithium Will Power Us For The Next 50 Years And Then Robots.






LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


Chronicles Of Energy rEVolution: Kirill Klip On The 2,898% Jump In Global Demand For Lithium.






I would like to start today with one, but the very important number – 2,898%. This is the jump in demand for lithium, which UBS estimates will happen in 100% EV world – 2,898%. Electric cars are coming at a much faster pace than a lot of people are anticipating it. For years I have been writing my blog about this electric future, now it is here. Iconic London cab is going electric.

This is a statement and s sign of our times. It is very symbolic. I am meeting investment bankers in London and they are driving electric cars. Investors are driving Teslas and Electric Black Cabs - there is nothing to prove anymore. Electric cars are here and all cars will be electric.

Sales of electric cars jumped to 2.4% in November in the UK. And you know what is the secret? There are no best affordable electric cars in the UK yet. We had the best electric cars like Tesla Model S and X and we had affordable cars. Now we have the best and affordable electric car - Just wait for Tesla Model 3 to hit our street in numbers. And Bloomberg is talking that more than 200 EV models to chose from are coming by 2020. Read more.







Chronicles of Energy rEVolution: Roskill Triples Its Base Case For Lithium Demand To Soar From 200,000 T To 1 Million T Of LCE By 2026.



(Please note that colour on the graph with a key "Glass and Ceramics" must be attributed to "Batteries")


Our industry is waking up to the ongoing Energy rEVolution and start producing more realistic scenarios for unprecedented demand for lithium which is coming in the next decade. As you remember, any lithium production start-up needs not only capital but time: 3-5 years for brine and even longer for hard rock mining operationsLithium - The Perfect Storm With Unprecedented Demand Profile is just upon us. 






Roskill triples its base case for lithium demand to soar to 1,009,000 T of LCE per year by 2026. And here a reminder about the starting point will be timely: 200,000 T of lithium LCE was produced in 2016





Our Lithium inverted pyramid for disruption of $12 T Transportation and Energy Industries is in action and prices in China are already going through the roof. Now brave forecast by Mike Beck that Lithium Hydroxide prices can soar as much as $100,000 per T can be at least mentioned on my blog. And my totally outrages forecast just a few months ago that we have to produce 36 Million T of lithium LCE by 2040 looks very conservative. Should I dust off my own brave prediction that we will need to produce 100 Million T of lithium LCE by 2050 now?





International Lithium is now moving full speed ahead with our JV partner Ganfeng Lithium after the reached settlement agreement that confirmed our 27% plus stake in Mariana Lithium JV in Argentina (including 10% back-in right). Ganfeng Lithium is the largest integrated lithium material producer in China and Mariana Lithium JV is shaping up as the very important lithium brine system in the worldMy friends from VSA Capital in London are calling it number 6 in the world and I was always conservative with my "among the top 10 in the world".  Read more.




Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

Thursday, 18 January 2018

Tesla's Energy rEVolution And Hot M&A Season In Argentina: China Buys Lithium X - International Lithium CEO-Roaster Web Conference With Kirill Klip.



LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.








Back Into The Future - Lithium Will Power Us For The Next 50 Years And Then Robots.







LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


Chronicles Of Energy rEVolution: Kirill Klip On The 2,898% Jump In Global Demand For Lithium.






I would like to start today with one, but the very important number – 2,898%. This is the jump in demand for lithium, which UBS estimates will happen in 100% EV world – 2,898%. Electric cars are coming at a much faster pace than a lot of people are anticipating it. For years I have been writing my blog about this electric future, now it is here. Iconic London cab is going electric.

This is a statement and s sign of our times. It is very symbolic. I am meeting investment bankers in London and they are driving electric cars. Investors are driving Teslas and Electric Black Cabs - there is nothing to prove anymore. Electric cars are here and all cars will be electric.

Sales of electric cars jumped to 2.4% in November in the UK. And you know what is the secret? There are no best affordable electric cars in the UK yet. We had the best electric cars like Tesla Model S and X and we had affordable cars. Now we have the best and affordable electric car - Just wait for Tesla Model 3 to hit our street in numbers. And Bloomberg is talking that more than 200 EV models to chose from are coming by 2020. Read more.







International Lithium And Ganfeng Lithium Approve $17M Budget For Mariana JV, Argentina.





“We welcome very positive developments at the Mariana JV with our partner Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “This comprehensive budget for 2018 is expected to bring the Mariana JV to important valuation milestones for the Company; preliminary economic assessment and pre-feasibility studies. We are looking forward to the confirmation that membrane technology provided by Ganfeng Lithium will allow our joint venture operation to produce lithium hydroxide in Argentina.”





International Lithium Reaches Settlement Agreement With Ganfeng Lithium On Mariana JV, Argentina.



I would like to thank all our ILC Team who have been working tirelessly in order to protect our Company and our assets for all stakeholders at International Lithium. We have now confirmed with Ganfeng Lithium our rights to 27% plus stake in Mariana Lithium JV in Argentina (including our 10% back in right) - Kirill Klip, Executive Chairman of ILC.



“We are finishing our transition year at International Lithium on a very positive note. Our new ILC team has settled all outstanding issues with our Mariana JV partner. MLC and ILC have agreed that they will act in good faith and in the best interests of the Mariana JV. Now we can focus our efforts on Mariana JV development and maximize its value for our shareholders,” commented Kirill Klip, Executive Chairman of ILC.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


International Lithium:

International Lithium and Ganfeng Lithium Approve $17M Budget for Mariana JV, Argentina

Vancouver, B.C. January 8th, 2018: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC) is pleased to announce, together with joint venture partner Mariana Lithium Co. Ltd. ((“MLC”), a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”)) the adoption of a 2018 budget for continued work at the Mariana lithium brine project (“Mariana JV”) in Salta, Argentina, a joint venture between the two companies. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, ownership of which will be 82.754% by Ganfeng Lithium and 17.246% by ILC. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.
Highlights of the US $17 million budget for 2018 include:
  1. continued natural evaporation studies;
  2. membrane separation studies;
  3. aquifer characterization studies;
  4. preliminary economic assessment (“PEA”); and
  5. pre-feasibility studies (“PFS”).
On December 27, 2017, ILC and MLC unanimously approved the budget for the 2018 calendar year for the Mariana JV. The budget calls for US $14,044,000 (US $17,343,517 including contingencies and administrative fees) to be invested in ongoing exploration and evaluation work including continuing studies that will be used to formulate a basis for a PEA, which is expected to be completed in the first half of 2018. The results of the PEA will be used to determine the course of action for pre-feasibility studies expected to be conducted throughout the remainder of the year.



Membrane Separation Studies
An important component for ILC in the ensuing budget is the allocation of US $400,000 that will be applied to the continuation of membrane separation studies. In a news release dated September 5, 2017, the Company reported the results of a proof of concept study that utilized membrane technology to successfully liberate lithium from the raw brine without the need for pre-concentration or any other special treatment. The study showed that the resultant retentate from the membrane separation could be directly converted to hydrated lithium hydroxide making for a more refined end product at the mine site.
The proof of concept study was conducted utilizing (filtered) raw brine from the Salar de Llullaillaco, the location of the Mariana JV. Results from the study indicate that the selective recovery of lithium directly from raw (filtered) brine, with the simultaneous rejection of other cation and anion species, using a proprietary lithium selective separation process (the “technology”) is possible.  Lithium was selectively recovered from the raw brine to produce lithium hydroxide (“LiOH”), an ingredient used directly in lithium battery manufacturing, as a final product.
Summary of Study Results:
  • The use of the technology presents a possible alternative to the natural evaporation process currently proposed at the Mariana JV.
  • The technology could provide a process route to produce lithium hydroxide directly from the raw brine without the need to remove contaminants like magnesium by liming, as would be required in the natural evaporation process.
  • Based on initial estimates, the technology can achieve higher recoveries than natural evaporation even with relatively low concentrations of lithium.*
  • Use of the technology has the potential to enable a considerable increase in production rate compared to evaporative ponds. Lithium is directly removed from the brine and the (spent) brine can be returned to the basin with little effect on the water balance.*
  • With further refining, the technology could also permit the recovery of potassium and other cations if desired.
* At present, the Mariana JV partners have not conducted any formal economic analyses on the project. Statements regarding comparisons of recoveries are based on initial bench scale tests for the natural evaporation process and for the selective membrane technology. Additional testing and scaling up of the process is required before any definitive statements regarding recoveries can be made, and projected capital and operating costs can be effectively modeled and compared. The information provided herein is to provide a minimum level of confidence that the selective membrane method presents a possible alternative to the natural evaporation method of lithium extraction from the brine and further study is warranted based on these results. The “Study” is not a preliminary economic assessment, preliminary feasibility study or feasibility study.  Any economic analysis would have to be supported by a preliminary economic assessment, preliminary feasibility study or feasibility study. The reader is cautioned that the Mariana project is still at an exploration stage and there is no guarantee that an economic mining scenario will result and no mineral reserves have yet to be defined as per the standards of disclosure defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Ganfeng Lithium have agreed to investigate this membrane process and through its majority interest in the project, have indicated that they will carry out the next stage of membrane tests at their facilities in China. ILC is confident that the membrane process will be a key technological advent to create additional value for the Mariana JV, as the original plan to use natural evaporation to create a brine concentrate for export is expected to require further time and resources to achieve definitive test results that will be necessary for the anticipated upcoming preliminary feasibility studies.
Ongoing Activities
Crews are currently on site and preparing for the continuation of activities such as exploratory geophysics for freshwater resources and high-volume, long-term pumping tests to quantify the aquifer’s specific yield capacity.



“We welcome very positive developments at the Mariana JV with our partner Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “This comprehensive budget for 2018 is expected to bring the Mariana JV to important valuation milestones for the Company; preliminary economic assessment and pre-feasibility studies. We are looking forward to the confirmation that membrane technology provided by Ganfeng Lithium will allow our joint venture operation to produce lithium hydroxide in Argentina.”



Afzaal Pirzada, P.Geo., a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.



International Lithium Corp. has a significant portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor, Jiangxi Ganfeng Lithium Co. Ltd., (“Ganfeng Lithium”) a leading China-based lithium product manufacturer.
The Company’s primary focus is the strategic stake in the Mariana lithium-potash brine project located within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totaling 160 square kilometres that ranks as one of the more prospective salars or ‘salt lakes’ in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, ownership of which will be revised to 82.754% by Ganfeng Lithium and 17.246% by ILC in early 2018. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite belt. The Avalonia project is under option to strategic partner Ganfeng Lithium that currently owns 55% of the project. The Mavis and Raleigh projects are under option to strategic partner Pioneer Resources Limited (ASX: PIO) pursuant to which Pioneer can acquire up to a 51% interest in the projects.
The Mavis, Raleigh and Forgan projects together form the basis of the Company’s Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech”, sustainable economy. By positioning itself with solid strategic partners and acquiring high quality assets for the Energy rEVolution supply chain, ILC aims to be the partner of choice for investors in green-tech and to continue to build value for its shareholders.
On behalf of the Board of Directors, 
Kirill Klip
Executive Chairman 
For further information concerning this news release please contact +1 604-700-8912.
Neither 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 Information
Except 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 news release include: the timing and anticipated results of environmental impact studies and pump tests, timing of preliminary economic studies on the Mariana project, the expectation of feasibility studies, lithium recoveries, modeling of capital and operating costs, results of studies utilizing membrane technology, and continued agreement between the Company and Jiangxi Ganfeng Lithium Co. Ltd. regarding the Company’s percentage interest in the Mariana project. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the interim and annual Management’s Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


Lithium Race To Mass Market: Video Review - Tesla Model 3 Is The Best Car In Its Class Which Happens To Be Electric.



You can hardly call Edmunds as Tesla cheerleaders and this is why this review of Tesla Model 3 is very interesting. This video is addressed to the "normal people" who will be considering The Switch to Electric Cars based on their price, utility and cost of ownership. No hype, no sacrifices to be green or real "Techy Geek" are needed. Tesla Model 3 is just the best car in its class which happen to be electric.


The UK Is going full-on Electric in Lithium Race: The Switch is ON and Plug-in registrations are hitting another high of 2.9% on the exponential part of the adoption S-curve. This is an increase of 42% over the previous high in November with 2.4% of electric cars sold among all auto sales.

And you know what is the secret? There are no best affordable electric cars in the UK yet. We had the best electric cars like Tesla Model S and X and we had affordable cars. Now we have the best and affordable electric car - Just wait for Tesla Model 3 to hit our street in numbers. And Bloomberg is talking that more than 200 EV models to chose from are coming by 2020.






Tesla Model 3 Is Huge, Huge Problem For Tesla.




Clean Technica.


Mel Herbert from Talking Tesla podcast has summarised the best everything about Tesla Model 3 and why we will have now coming Tsunami of Electric Cars after Tesla's Earthquake which has shattered the auto industry

"Tesla Model 3 is huge, huge problem for Tesla ... This car is so good - it's going to cannibalise Tesla Model S sales if they are not very careful. This car is so good, that I way prefer it to Tesla Model S... It is a perfect size, it feels zippier and feels much faster than Tesla Model S. It feels like a sport car. It is the perfect car... For $65,000 dollars this is the world's perfect car. Tesla now has a real problem - they have to really differentiate Tesla Model S now. "The problem is real": Tesla will sell now trillion gazillions of Tesla Model 3 ... " Watch the video.

Talking Tesla podcast is highly recommended for all Tesla followers.

"Sales of electric cars jumped to 2.4% in November in the UK. And you know what is the secret? There are no best affordable electric cars in the UK yet. We had the best electric cars like Tesla Model S and X and we had affordable cars. Now we have the best and affordable electric car - Just wait for Tesla Model 3 to hit our street in numbers. And Bloomberg is talking that more than 200 EV models to chose from are coming by 2020."
Now let's see how many Tesla haters we can get out of their holes today ...





Chronicles Of Energy rEVolution: Kirill Klip On The 2,898% Jump In Global Demand For Lithium.






I would like to start today with one, but the very important number – 2,898%. This is the jump in demand for lithium, which UBS estimates will happen in 100% EV world – 2,898%. Electric cars are coming at a much faster pace than a lot of people are anticipating it. For years I have been writing my blog about this electric future, now it is here. Iconic London cab is going electric.

This is a statement and s sign of our times. It is very symbolic. I am meeting investment bankers in London and they are driving electric cars. Investors are driving Teslas and Electric Black Cabs - there is nothing to prove anymore. Electric cars are here and all cars will be electric.

Sales of electric cars jumped to 2.4% in November in the UK. And you know what is the secret? There are no best affordable electric cars in the UK yet. We had the best electric cars like Tesla Model S and X and we had affordable cars. Now we have the best and affordable electric car - Just wait for Tesla Model 3 to hit our street in numbers. And Bloomberg is talking that more than 200 EV models to chose from are coming by 2020.





UBS made a report earlier this year that EVs will be cheaper to own in 2018. Last month we had a report that EVs are cheaper to own already after 4 years in the UK, US, Japan and other countries. The switch is here. Millions of people are ready to switch and buy electric cars.

It took us all human history to get to 1st million of EVs by 2015, then less than two years to 2 million EVs by 2017. I expect that EV sales will be over 1 million units in 2018 alone. This the exponential Stage of S-curve for adoption rate of EVs.

Lithium is the magic metal at the very heart of this energy rEVolution. I am not surprised that UBS is advising their wealthy clients that Lithium demand will jump by more than 2,898% in the 100% EV world.

IEA reports that in order to keep the temperature increase below 2% we must have 600 Million EVs by 2040. It means that we have to produce 36 Million tonnes of lithium LCE by 2040. Our starting point is 200,000 t of Lithium LCE produced in 2016.




International Lithium Reaches Settlement Agreement With Ganfeng Lithium On Mariana JV, Argentina.





I would like to thank all our ILC Team who have been working tirelessly in order to protect our Company and our assets for all stakeholders at International Lithium. We have now confirmed with Ganfeng Lithium our rights to 27% plus stake in Mariana Lithium JV in Argentina (including our 10% back in right) - Kirill Klip, Executive Chairman of ILC.



“We are finishing our transition year at International Lithium on a very positive note. Our new ILC team has settled all outstanding issues with our Mariana JV partner. MLC and ILC have agreed that they will act in good faith and in the best interests of the Mariana JV. Now we can focus our efforts on Mariana JV development and maximize its value for our shareholders,” commented Kirill Klip, Executive Chairman of ILC.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

Chronicles of Energy rEVolution: Roskill Triples Its Base Case For Lithium Demand To Soar From 200,000 T To 1 Million T Of LCE By 2026.