International Lithium Announces Private Placement

Core Viewpoint - International Lithium Corp. is conducting a non-brokered private placement to raise up to CAD $1,000,000 by issuing 66,666,667 common shares at CAD $0.015 per share, aimed at funding operations in Southern Africa and Canada, as well as general working capital [1][2]. Group 1: Private Placement Details - The private placement will involve a maximum of 66,666,667 common shares priced at CAD $0.015 each, with gross proceeds expected to reach up to CAD $1,000,000 [1]. - The company may pay finders fees on a portion of the placement, and payments for Investor Relations activities are not expected to exceed 10% of the proceeds [2][5]. - Closing of the offering is subject to acceptance by the TSX Venture Exchange, and all securities will be subject to a four-month hold period under Canadian securities laws [3]. Group 2: Company Operations and Strategy - The proceeds from the private placement will be utilized to invest in the company's operations in Southern Africa and Canada, as well as for general working capital [2]. - The company has exploration activities in Ontario, Canada, and plans to expand into Southern Africa, focusing on lithium, rubidium, and copper [6][9]. - The Raleigh Lake Project is the company's most significant project, covering 32,900 hectares and is 100% owned by the company, with a Preliminary Economic Assessment completed in December 2023 [12][14]. Group 3: Market Context and Future Outlook - The demand for lithium is rising due to its critical role in electric vehicles and renewable energy technologies, positioning it as a key resource in the green energy economy [7][14]. - The company aims to optimize the value of its existing projects while exploring new opportunities, particularly in Southern Africa, where it has applied for Exploration Permits [9][14]. - The strategic focus includes generating revenue from lithium and other battery metals, contributing to a cleaner environment, and enhancing shareholder value throughout the 2020s [8][14].