The board of
International Lithium Corp. is pleased to announce the completion of the sale of its 49% stake in the Mavis Lake lithium project in Ontario to Critical Resources Ltd. in line with the announcement made on October 25, 2021 whereby CRR buys 100% of the claims from the Company and its partner Essential Metals Ltd. Highlights Following completion of the Mavis Lake sale and the sale of its remaining stake in Mariana to Ganfeng Lithium in October 2021, ILC now has CAD$ 12.9m of cash and marketable securities. Proceeds of the Mavis Lake sale being used to strengthen balance sheet further to fund exploration program in Raleigh Lake, where ILC now has claims of 47,700 hectares, and to progress acquisition of other properties Upon completion of the Mavis Lake sale,...
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