Lithium

The board of International Lithium Corp. (TSXV: ILC) much regrets to announce the unexpected death of Nicholas Davies, Non-executive Director. Nick was only aged 51 and was a good and valued colleague as well as an energetic person with a high work ethic. He should have had so many more years of active life. Our condolences go to his family and to his close friends.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110623

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Phase 2 Drilling of Further 3,000 Metres Commences at International Lithium's Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

Phase 2 Drilling of Further 3,000 Metres Commences at International Lithium's Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce the commencement of Phase 2 of the 5,000-metre drilling program previously announced on February 9, 2022 at the Raleigh Lake lithium, rubidium and caesium project near Ignace, Ontario.

ILC is conducting a minimum of 5,000 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres (Table 1 and Figure 1). Eight holes targeted Pegmatite 1 and 3 in Zone 1 and two (2), the first holes ever drilled at Pegmatite 2, were targeting Zone 2. All drill holes encountered spodumene bearing pegmatites.

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International Lithium Corp. Options Wolf Ridge Lithium Prospect in Ontario, Canada

International Lithium Corp. Options Wolf Ridge Lithium Prospect in Ontario, Canada

International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce the signing of an option agreement to acquire a 100% interest in 275 claim units (approximately 5,700 hectares) located 20 kilometres southwest of the town of Upsala, and 125 kilometres northwest of Thunder Bay, Ontario.

The property, now known as the Wolf Ridge property, is a grass roots lithium prospect recently highlighted in the "Ontario Geological Survey Resident Geologist Program Recommendations for Exploration 2021-2022." The report highlights lithium potential in the Bedivere-Lac des Mille Lacs Lakes Area based on results from a lake sediment geochemical survey. An excerpt from page 54 of the report states:

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International Lithium Corp. Intersects 10 Metres of Zoned Pegmatite With Up to 40% Spodumene in First Two Holes at Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. Intersects 10 Metres of Zoned Pegmatite With Up to 40% Spodumene in First Two Holes at Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that drilling is underway at the 100% owned Raleigh Lake lithium, rubidium and caesium project near Ignace, Ontario. The Company also reports positive results from the biogeochemical orientation survey described in the December 16, 2021 news release.

Drilling Highlights

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Drilling Program to Commence at International Lithium Corp.'s Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

Drilling Program to Commence at International Lithium Corp.'s Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce plans for upcoming exploration work at the 100% owned Raleigh Lake lithium, rubidium and caesium project near Ignace, Ontario.

Highlights

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International Lithium Corp. Outlines Tanco-Style Targets With Up to 339 PPM Caesium From Lithogeochemical Survey Results at Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. Outlines Tanco-Style Targets With Up to 339 PPM Caesium From Lithogeochemical Survey Results at Raleigh Lake Lithium and Rubidium Project in Ontario, Canada

International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce results from the lithogeochemistry program on the Company's 100% owned Raleigh Lake lithium, caesium and rubidium project in Ontario, Canada. Further to a news release dated December 16, 2021, early analysis of the results confirms there are over 15 new coincident lithium, caesium and rubidium anomalies in predominantly meta-volcanic host rocks. These targets within the newly surveyed portion of the Raleigh Lake Greenstone Belt are highly prospective for Tanco-style lithium bearing pegmatite mineralization.

Highlights

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Lithium Miner SQM's Profits Surge on Higher Lithium Prices

Soaring lithium prices supported earnings from Chile’s SQM (NYSE:SQM) during the first quarter, with the miner seeing its net income reach US$796.1 million ― up from US$68 million a year earlier.

The top lithium producer's revenue from lithium sales increased almost 970 percent year-on-year to hit US$1.44 billion, with its sales volume increasing 59 percent and reaching its highest level at 38,100 tonnes.

“The lithium market continues to be very dynamic and at times difficult to gauge and estimate,” the company said in a Wednesday (May 18) statement. “Despite the higher pricing environment we have seen, we still believe that the lithium market will grow at least 30 percent this year.”

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SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2022

Highlights

  • SQM reported net income for the three months ended March 31, 2022 of US$796.1 million , compared to US$68.0 million in same period of 2021.
  • Revenues for the three months ended March 31, 2022 , were US$2,019.8 million .
  • Earnings per share totaled US$2.79 for the three months ended March 31, 2022 .
  • Our first quarter results include payments related to the agreement with Corfo and tax provisions that totaled approximately US$800 million .
  • Adjusted EBITDA margin for the first three months of 2022 reached 58.7%.
  • SQM will hold a conference call to discuss these results on Thursday, May 19 , at 12:00pm ET ( 12:00pm Chile time).

    Participant Dial-In (Toll Free):                    1-855-238-1018

    Participant International Dial-In:                             1-412-542-4107

    Webcast: https://services.choruscall.com/links/sqm220519.html

Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported earnings today for the three months ended March 31, 2022 of US$796.1 million ( US$2.79 per share), an increase from US$68.0 million ( US$0.26 per share) reported for the three months ended March 31, 2021 . Gross profit reached US$1,164.7 million (57.7% of revenues) for the three months ended March 31, 2022 compared to US$136.6 million (25.9% of revenues) recorded for the three months ended March 31, 2021 . Revenues totaled US$2,019.8 million for the three months ended March 31, 2022 an increase compared to the US$528.5 reported for the three months ended March 31, 2021 .

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Green Technology Metals

Further Significant Step-Out Intercepts Returned at Seymour

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to provide further assay results from the Phase 1 diamond drilling program at its Seymour Lithium Project in Ontario, Canada.

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Latin Resources

Resource Definition Drilling Commenced at“Colina Prospect”, Bananal Valley, Brazil

First Hole Intersecting 27.78m Spodumene Pegmatite


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Usha Resources CEO Deepak Varshney

Usha Resources CEO Deepak Varshney: Advancing Our Diverse Portfolio of Projects in North America

Usha Resources CEO Deepak Varshney: Advancing Our Diverse Portfolio of Projects in North Americayoutu.be

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European Lithium Executive Chairman Tony Sage

European Lithium Executive Chairman Tony Sage: Developing the First Lithium Hydroxide Plant in Europe

European Lithium Executive Chairman Tony Sage: Developing the 1st Lithium Hydroxide Plant in Europeyoutu.be

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