Lithium Boom: Warren Buffett's BYD Qin Made To The World's Top Three Best Selling Electric Cars In June.

Lithium Boom: Warren Buffett's BYD Qin Made To The World's Top Three Best Selling Electric Cars In June.

China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland. $ILC.v $TNR.v $TSLA $LIT

Kirill Klip.:

China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.

Financial Post:

China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium partners with International Lithium in Argentina and Ireland.

According to the World Bank, air pollution costs China as much as $300-billion a year in health problems and productivity losses.

In response, the Chinese central government just announced a slate of pro-electric car policies, including slashing charging station rates by 30%. Navigant Research predicts that global lithium ion battery sales will increase 400% by 2023.

A Canadian company is strategically positioned to benefit from this macro-trend.

On Aug. 5, International Lithium Corp (ILC-TSX.V) announced that it has secured 100% interest in the Mariana lithium brine property in Argentinawhile finalizing a joint venture with Ganfeng Lithium (002460-SHE) – a $1.3-billion Chinese goliath producing industrial grade lithium for new energy, new medicine, and other industries.

“Ganfeng has an army of lithium-focused geologists who looked at projects in every corner of the planet,” stated ILC president Kirill Klip in an exclusive interview, “but they chose ILC to do business with. This is a big de-risking factor for our current and future shareholders. The Chinese do their homework. They believe in the geology of our assets, our management and our development strategy.”

Ganfeng is in the process of buying a lithium battery company in China. That transaction is expected to be completed Q4 2014. They are currently one of the world’s top lithium producers.

Under the terms of the agreement, Ganfeng now holds an 80% interest in the Mariana project and they will loan ILC up to $2-million to cover ILC’s required contribution to the joint venture.

HandoutVertically integrated Ganfeng Lithium holds an 80% interest in ILC’S Mariana project in Argentina – de-risking it financially and geologically.

Klip is a MBA-trained economist who has extensive experience in banking, transportation, mining, telecommunications and internet industries.

ILC was initially spun out of TNR Gold Corp., a mineral exploration company with a strong portfolio of assets such as the Shotgun gold project in Alaska and the back-in rights to McEwen Mining’s world renowned Los Azules copper property in Argentina. TNR Gold holds 25.5% in ILC. Ganfeng Lithium holds 17.5%. Klip is the largest individual shareholder in ILC. The company is tightly held by the insiders and management.

ILC retains the right to “buy back” a 10% interest in the Mariana property by repaying Ganfeng 10% of its total incurred exploration costs.

“In the context of junior mining, the partnership with Ganfeng is the best possible scenario,” stated Klip, “we have gained a strong international strategic partner and an exploration budget with minimal dilution to the share structure.”

The recent acquisition of the Taca Taca copper deposit by First Quantum Minerals has confirmed Klip’s view that mining investment in Argentina will increase. Both Taca Taca and Mariana are located in Salta, Argentina, a mining friendly province and heart of the South American Lithium Triangle. Infrastructure development work at nearby Taca Taca is expected to benefit the Mariana project.

“I spent many years developing an integrated Lithium strategy with Ganfeng’s chairman, Liangbin Li, and vice-chairman, Wang Xiaoshen,” stated Klip, “I think it is fair to say that we understand one another, and that Li is receptive to our geological expertise.”

HandoutKirill Klip, president of International Lithium, right, and Li Liangbin, president with Ganfeng Lithium

China is competing with other countries for lithium supply. Tesla Motors (TSLA-NASDAQ) planned “gigafactory” will more than double the current global lithium ion battery production.

“Ganfeng inspected projects in Australia, North America, Europe and other projects in Argentina,” confirms Klip, “But the Ganfeng team circled back to us and chose to make a sizeable financial investment in two of our projects, in Argentina and Ireland.”

Ganfeng have also finalized a joint venture agreement with ILC on the Blackstairs Lithium project in Ireland, exercising an option to acquire 51% of the Blackstairs project with the possibility to acquire an additional 24% in the project by spending $10-million within 10 years or producing a positive feasibility study. A budget for the first phase of 1.6-million euro has just been announced on Blackstairs.

Ganfeng Lithium is a vertically integrated lithium business. As well as mineral development, they produce lithium batteries so they are looking to ILC as a future source of raw materials for their production chain in China.

ILC and Ganfeng will now begin an accelerated program to develop a pilot plant in Argentina. This project is currently being budgeted. Ganfeng’s technological expertise and research facilities are expected to reduce costs and improve efficiencies in on-going development and feasibility studies. A recently signed trade agreement between China and Argentina provides state-level support for the joint venture.

“The Mariana project has a high potassium-lithium ratio” stated Xiaoshen. “This will make the cost of the lithium resource very competitive. We believe this project will have a bright future considering the fast growing lithium demand for electric vehicles and plug-in hybrid electric vehicles.”

ILC’s agenda is to become a primary source of lithium to meet the increasing demand of its strategic partner Ganfeng Lithium.

“For people who have been to China, and understand the way they do business, this partnership is a very significant milestone,” stated Kirill. “Our projects have passed through a rigorous testing procedure by a sophisticated team of international lithium geologists. This is the financial and strategic catalyst for our next phase of growth.”

Last month, the Chinese government announced a new mandate that by 2016 at least 30% of all automobiles purchased by the government must be electric.

ILC is currently trading at .03 with a market cap of $2.7-million.

This story was provided by Market One Media for commercial purposes. Postmedia had no involvement in the creation of this content."

International Lithium Presentation May 2014 from Kirill Klip

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; 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.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company. 

Kirill Klip.: International Lithium - Electric Cars Are Driving Lithium Demand. $ILC.v $TNR.v $TSLA $LIT $KNDI

International Lithium Corp. A Potential Source For Green Technology Minerals.

  Rare Earth elements or metals (REEs) are essential elements in clean-energy technologies. In recent years REEs have received plenty of coverage concurrent to growing environmental concerns.  The rare-earth topic is no longer obscure and discussions regarding future REE shortages are beginning to emerge in mainstream media. Today international governments and organizations are pushing efforts to develop solutions to the rising scarcity threat, one of the biggest being that only 1 percent of critical materials are currently being recycled (they are difficult to recover economically), and so the race to find viable sources for REEs is on.

  The Green Technology Industry is the largest end-user of REEs and is continually growing with the development of electric vehicles and green energy electrical generators; wind turbines and solar panels. According to the American Chemistry Society, Lithium is among these endangered metals. China, which controls 97% of global rare earth production, has made significant investments in securing their supply. One excellent example of this is the recent news from China based Ganfeng Lithium Corp. regarding their 15million yuan (US $2.4 million) investment into International Lithium’s Blackstairs Pegmatite project in Ireland and the Mariana Brine project in Argentina for the 2014 budget year.  Ganfeng Lithium Corp. is one of the largest lithium product suppliers in the world supplying ILC with both capital and expertise and providing the global green technology industry with a new potential source of lithium supply.

  Ganfeng’s transaction signifies confidence in ILC’s capabilities as ILC is currently one of the only publicly traded Canadian Corporations receiving funding from China after the collapse of the multi-million dollar CNOOC/Nexen deal. The Blackstairs Lithium project in Ireland is particularly momentous as a recent European Union study concluded that rare earth supply constraints could hamper clean energy efforts. Ireland has pledged to make the mining process more efficient as part of an approach to boost lithium production. Subsequent to the Blackstairs funding announcement, Jianguo Xu, Chinese Ambassador to Ireland, paid a courtesy call to Richard Bruton, Ireland’s Minister for Jobs, Enterprise & Innovation, to discuss how to promote pragmatic and mutually beneficial cooperation between the two countries.  

  Beyond the growing demand and investment from Chinese conglomerates, encouraging headlines have also come out of Argentina, which is home to ILC’s Lithium-Brine Project located within the famous Andes Lithium Triangle. The political tide appears to have made a turn for the better this year as governments in Argentina took positive steps towards modernizing public policy to encourage foreign investment. Not only was the national currency devalued to bring it closer to its real value but new economic systems to measure real impacts of inflation were implemented. The settlement with Spanish oil giant Repsol over the YPF nationalization is another indicator that change for the better is in the works. In addition, an unprecedented debt repayment deal was struck with the “Paris Club” of creditor nations, and Lumina Copper’s announcement that First Quantum Minerals has agreed to purchase the Taca Taca copper project for $470 million  should help to shore up lingering doubts about the direction  Argentina’s mining industry is headed. Taca Taca is approximately 70 kilometres from ILC’s Mariana project and any infrastructure built to facilitate production at Taca Taca will also benefit Mariana.

  ILCs goes beyond traditional mine development and is creating a business model that is focused on cooperation and growth. Ganfeng Lithium and ILC are jointly working on a vertical integration plan to develop both lithium projects and have just announced an exploration budget for 2014. With the REE demand growing and Tesla’s big Open Source move, this venture could not have occurred at a more opportune time.

About International Lithium Corp. 

  International 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.

The 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.

Complementing 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).

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" economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the green tech resource explorer of choice for investors and build value for its shareholders.

  Neither the 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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

International Lithium's Strategic Partner, Ganfeng Lithium, Takes Large Stake in Mariana and a $10 million Option on the Blackstairs Projects ILC.v TNR.v LIT

International Lithium's Strategic Partner, Ganfeng Lithium, Takes Large Stake in Mariana and a $10 million Option on the Blackstairs Projects

Mar 19, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, B.C. / ACCESSWIRE / March - 2014 / International Lithium Corp. (the "Company" or "ILC") announces several major transactions with strategic partner GFL International Co., Ltd. ("Ganfeng Lithium" or "GFL").

ILC and strategic partner Ganfeng Lithium have finalized two separate agreements. The parties have finalized their joint venture agreement for operation of the Blackstairs lithium pegmatite project in Ireland and have entered into a loan conversion and investment agreement on the Mariana lithium brine project in Argentina in exchange for work commitments and the cancellation of approximately US$3.3 million in loans plus interest indebted to GFL. The aggregate work commitments on both projects is approximately $20 million.

The resultant ownership of the Blackstairs project will be 51% GFL and 49% ILC until the CAN$10 million expenditures are reached or a positive feasibility study is produced for the project at which time the ownership will be 75% GFL and 25% ILC.

The resultant ownership of the Mariana project if all conditions are met will be 80% GFL and 20% ILC. ILC is granted a back in right to acquire an additional 10% in the project following the completion of a Feasibility Study (as described in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) that demonstrates the feasibility of placing the Mariana Property or part thereof into commercial production. Additionally, GFL will grant ILC a loan for up to $2 million to carry ILC's participating interest in the project, which if fully executed will amount to a total of US$10 million being expended on the project. The loan (and any accrued interest) is repayable from ILC's proportionate share of the proceeds from the joint venture.

Blackstairs Lithium Project, Ireland - Joint Venture

Further to the Company's press releases dated October 2, 2012 and November 14, 2012, announcing the original option terms, GFL have approved and finalized a joint venture agreement on the Blackstairs Lithium project in Ireland. GFL exercised their option to acquire 51% of the Blackstairs project (press release October 1, 2013) and subsequently, according to the option agreement have now entered into a joint venture with the Company with the possibility to acquire an additional 24% in the project by spending CAN$10,000,000 within 10 years or producing a positive feasibility study. According to the terms of the joint venture agreement, ILC has formed an Irish subsidiary company, Blackstairs Lithium Ltd. ("BLL"), where 51% of the shares will be held by GFL. BLL will act as the joint venture company and carry out any and all activities required to advance the project. ILC will initially be the manager of the project and will receive a management fee of up to 10% of the exploration expenditures. The companies are currently working out the budget for the first phase of exploration at Blackstairs.

International Lithium Corp. Arranges Loan From Strategic Partner, Jiangxi Ganfeng Lithium Co. Ltd. ILC.v, TNR.v

International Lithium Corp. Reports Drilling Underway At Blackstairs Lithium Project, Ireland ILC.v, TNR.v

International Lithium Corp. Reports High Grade Lithium from Mavis Lake, Ontario ILC.v, TNR.v

"Vancouver B.C. April 3, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce lithium and associated rare metal assay results from the remaining eight drill holes of the recent 19 hole (2,075 metre) diamond drill program on the lithium and rare metals pegmatite field spanning the contiguous Fairservice and Mavis Lake claim blocks near Dryden, Ontario.

Key Highlights

1.34% Li2O over 8.50m intersected in MF-12-33

1.05% Li2O over 10.85m intersected in MF-12-34

1.06% Li2O over 10.75m intersected in MF-12-36"

International Lithium Presentation.

International Lithium Corp. Arranges Loan From Strategic Partner, Jiangxi Ganfeng Lithium Co. Ltd.

Vancouver B.C. May 10, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium") has agreed to lend ILC a total of $2,289,000 to advance the Company's Mariana Lithium-Potassium Brine project in Argentina and for ILC to provide the outstanding scheduled cash payments to secure an unencumbered 100% ownership of the Mariana project.  Subject to final approval by the TSX Venture Exchange and Ganfeng Lithium's shareholders, Ganfeng Lithium will advance ILC a total of USD$2,289,000 ("Loan").  USD$1,199,000 will be advanced within two business days of Ganfeng Lithium receiving shareholder approval ("First Advance"), and a further advance of USD$1,090,000 will follow in May 2014 ("Second Advance").  The Loan will mature two years following the date of the Second Advance and during the term of the loan ILC will pay interest of 10% per annum on the balance of the Loan, payable quarterly.

In lieu of receiving repayment of the loan, Ganfeng Lithium may elect to convert into an interest in the Mariana Property.  The loan agreement contemplates that Ganfeng Lithium may convert what would otherwise be ILC's repayment obligation for the First Advance into a 26% interest in ILC's rights in the Mariana Property.  Likewise, instead of receiving repayment of the Second Advance, Ganfeng Lithium may convert into a 25% interest in ILC's rights to the Mariana Property, for a total interest of 51%.  If Ganfeng Lithium elects to convert up to a 51% property interest, at that time, the parties would enter into a joint venture relationship for the operation of the Mariana Property.

"This latest transaction demonstrates the confidence and continued support ILC has received from our strategic partner Gangfeng Lithium, providing us with the resources to move in course with exploration plans and operations that will allow us to unlock the potential value in the projects that we have been advancing since the formation of the company." States Kirill Klip,  President of International Lithium Corp.   

About GanfengLithium Co. Ltd.

Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive product chain, including lithium metal and alloys, inorganic and organic lithium chemicals, supplies a wide range of lithium products for primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in 2000 and listed on the Shenzhen Stock Exchange in August 2010, notably as the first publicly listed lithium company in China and has experienced rapid continuous growth over the last 12 years.

About International Lithium Corp.

International 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 Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salarsor 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium mission is to find, explore and develop projects which have the potential to become world class lithium, potash and rare metal deposits.

On behalf of the Board of Directors,

KirillKlip 

President, International Lithium Corp.

Neither the 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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements."

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; 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.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.