Hot News : ILC releases Technical Report for maiden Mineral Resource Estimate on Raleigh Lake on April 13, 2023 - read HERE
International Lithium Corp. is a Canada based lithium and rare metals resource exploration and development company, currently focused on Canada, Zimbabwe and Ireland. Our major project is at Raleigh Lake near Ignace, Ontario where we have 48,500 hectare (485 square kilometres) of claims, and we are very close to a maiden resource estimate on the first part of that area. This project is wholly owned and royalty free. We also have 45% of the Avalonia project in Ireland. Our joint venture partner there is Ganfeng Lithium.
As well as substantial discoveries of lithium at Raleigh Lake we have discovered interesting quantities of rubidium. The world market for rubidium is much smaller than for lithium, but rubidium has many of the same uses as caesium, for example in precision atomic clocks, and rubidium's market price is currently about 18 times higher than that of lithium.
Our key vision is that lithium is an integral and unstoppable part of the move away from a carbon based economy to a cleaner and greener world. This has huge political backing from the G7 countries and many other countries, and while there can be great debate on climate change there is no serious debate on the desirability of making air in big cities less polluted and improving health as a result. Electric cars and electric battery storage are an integral part of this, and lithium will remain the dominant component of batteries for many years to come. Globally there is also now very strong policy in North America and Europe not to substitute dependence on other countries for oil and gas with dependence on China for battery metals, and our Canadian properties are strategic in that respect.