“Lithium is becoming an increasing vital element that will be essential in the development of sustainable technologies to curb global warming emissions,” noted Wang Xiaoshen, General Manager of Ganfeng Lithium. “We look forward to having additional Lithium supply source in the future from ILC to meet our growing demand for Lithium element.”
Our Top Pick in Lithium and Rare Metals sector is getting on the strong footing and is going to hit with drills the grounds in Argentina and Canada with the exploration programmes this summer. Company is moving very fast forward and just after its IPO in May has already build the camp, drilling pads and roads on its Mariana Brine project in Argentina. It looks like everything is ready for the drilling campaign just after the winter in Argentina.
Geo-Chemical analysis will be the very important step in order to determine the potential of this 100% owned impressive property by its size in Argentina. Potash grades are already exceptional and, once confirmed by other samples, will provide the nice credit to the future economic assessment of this project. FMC Lithium has started Potash production from its Salar Hombre Muerto in Argentina this year.
Company is talking about drilling at its Canadian properties as well and it could be very intriguing with recent news about Galaxy's advance in Australia and its shipments of spodumene concentrate to China. Strategic investor in International Lithium - Chinese lithium products manufacturer Ganfeng Lithium - is covering all angles by securing this strategic opportunity for potential access to the supply of Lithium produced from Brines and Lithium and spodumene concentrate from Lithium hard rock mining projects in Canada and Ireland.
In the latest news from Nevada - where International Lithium has three brine projects - Lithium Corp. has reported well received by the market exploration results from the Fish Lake project, which is adjacent to ILC's project with the same name. Lithium grades in Nevada will be lower than even the indicated ones now in Argentina, but the idea of secure domestic supply of Lithium for the U.S. is keeping this market rolling and International Lithium is well positioned there as well.
We have noticed that the company has its page now on the Financial Post and expect that ILC will get on the radar screens of the investment community soon. Recent soft market can provide us with some opportunity to accumulate more our position at the IPO level with all these strategic players and we do not mind to buy with the CEO of the company. We are more than biased here, fully loaded with our position in TNR Gold and this company, intoxicated by Lithium and Rare Earths with the ideas of Peak Oil and Electric Cars and should not be of any guidance for any investment decisions.
International Lithium Corp. (ILC)
|As of July 5th, 2011|
|Filing Date||Transaction Date||Insider Name||Ownership Type||Securities||Nature of transaction||# or value acquired or disposed of||Unit Price|
|Jun 13/11||May 19/11||Dewonck, Bernard||Direct Ownership||Common Shares||00 - Opening Balance-Initial SEDI Report|
|Jun 07/11||Jun 06/11||Schellenberg, Gary David Albert||Indirect Ownership||Common Shares||10 - Acquisition in the public market||5,000||$0.200|
|Jun 07/11||Jun 06/11||Schellenberg, Gary David Albert||Indirect Ownership||Common Shares||10 - Acquisition in the public market||4,500||$0.220|
|Jun 07/11||May 24/11||Schellenberg, Gary David Albert||Indirect Ownership||Common Shares||10 - Acquisition in the public market||500||$0.220|
|Jun 07/11||May 24/11||Schellenberg, Gary David Albert||Indirect Ownership||Common Shares||10 - Acquisition in the public market||5,000||$0.250|
|Jun 07/11||May 24/11||Schellenberg, Gary David Albert||Indirect Ownership||Common Shares||10 - Acquisition in the public market||5,000||$0.200|
|Jun 06/11||Jun 06/11||Bella, Michael||Direct Ownership||Common Shares||10 - Acquisition in the public market||5,000||$0.200|
|Jun 02/11||May 20/11||GFL International Co., Ltd.||Direct Ownership||Warrants||00 - Opening Balance-Initial SEDI Report|
|Jun 02/11||May 20/11||GFL International Co., Ltd.||Direct Ownership||Common Shares||00 - Opening Balance-Initial SEDI Report|
|May 30/11||May 19/11||Raymond W. Smith Ltd.||Direct Ownership||Warrants||11 - Acquisition carried out privately||1,000,000||$0.375|
"Ganfeng Lithium takes its strategic investment in International Lithium very seriously and has appointed its top officer to the ILC Board. Couple of other insiders have announced their stake in International Lithium today. Company is very tightly held: TNR Gold has just under 30%, Non Executive Chairman Kirill Klip has 11.5%, Ganfeng Lithium has 9.9% and two other major TNR Gold shareholders have just under 10% and just under 6% respectively. Almost 70% of the company is held by strong insiders' hands and Ganfeng Lithium has the agreement in place to increase its stake in ILC."
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