The Conversation (1)
International Lithium Seeks Partner for Raleigh Lake Lithium Project
Mar. 28, 2024 01:00PM PST
Lithium Investing“We’re definitely looking for partners for (Raleigh Lake) right now for the right terms, and there are many ways that could be done, and at the same time (we are) progressing (the project) towards the next stage,” said John Wisbey, CEO and chairman of International Lithium.
Following the filing of its preliminary economic assessment (PEA) for the Raleigh Lake lithium project, International Lithium (TSXV:ILC) is now seeking potential partners to advance the project to production, the company’s chairman and CEO, John Wisbey, explained.
“We’re going to do more work towards getting (the project) to the next stage,” he said, adding that the PEA pegs the pre-production capital cost at C$111.9 million.
“That's quite a lot of money, so we’re definitely looking for partners for that right now for the right terms, and there are many ways that could be done," added Wisbey.
He noted the Raleigh Lake property is also highly prospective for rubidium, which was not part of the PEA, but presents another opportunity for the company.
“Rubidium is heavily used in … making high quality optical fiber," Wisbey said. “It's got a pretty high market price as far as we can see. So we're doing a lot of research on actually how big is the market.”
Watch the full interview with International Lithium CEO John Wisbey above.
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