International Stock Price, News & Analysis

International Lithium Corp (OTCQB: ILHMF) held its 2025 Annual General Meeting on December 22, 2025, where the chairman reviewed 2025 activity and 2026 outlook.

Key points: ILC completed sale of the Avalonia project and retained a 2% net smelter royalty, generating C$2.5m that funded investments. ILC acquired an option to buy Lepidico Mauritius for C$975,000, giving an 80% interest in the Karibib project (Namibia), which the company describes as holding the largest declared rubidium resource in Africa and substantial cesium. The company noted a sharp H1 2025 lithium price slump (to ~10% of 2023 highs) followed by a H2 rebound (spodumene >100% gain; Li2CO3 ~65% from June lows).

International Lithium (OTCQB: ILHMF) announced that Lepidico met drawdown conditions and ILC increased a secured loan to CAD$510,000 (CAD$420,000 at 10% p.a.). ILC now holds an unconditional option to buy 100% of Lepidico Mauritius (which owns 80% of Lepidico Namibia and the Karibib lithium, rubidium and cesium project) for CAD$975,000 less repayment of the loan principal and accrued interest on exercise.

The option expires on the later of November 30, 2025 or 30 days after a Singapore arbitration outcome expected by end-2025; an adverse arbitration may prevent exercise. Karibib includes a JORC-stage DFS and substantial rubidium and cesium resources per disclosed reports.

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) has acquired an option to purchase 100% of Lepidico (Mauritius) Ltd. for CAD$975,000 plus future contingent payments. The acquisition target owns 80% of the Karibib Lithium, Rubidium and Cesium project in Namibia.

ILC has provided a secured loan of CAD$510,000 to Lepidico Canada, with CAD$285,000 already advanced. The option extends until November 30, 2025, or 30 days after an ongoing arbitration outcome with Jiangxi Jinhui Lithium Co. Ltd. The project, acquired by Lepidico in 2019 for CAD$20.7 million, has received additional investments of CAD$10.9 million.

If successful, the acquisition would position ILC with one of the largest rubidium resources in Africa and strengthen its global position in rubidium and cesium markets, while providing exposure to lithium market recovery.

International Lithium Corp. (OTCQB: ILHMF) has completed the sale of its entire interest in the Avalonia Project in Ireland and Blackstairs Lithium Ltd to GFL International Co., a subsidiary of Ganfeng Lithium Group. The total transaction value is CAD$ 2.5 million, consisting of CAD$ 2.2 million for the Avalonia Project (including a 2% Net Smelter Royalty) and CAD$ 0.3 million for the Blackstairs Lithium shareholding.

The final payment of CAD$ 1.0 million for the Avalonia Project is due in October 2025. This strategic divestment enables ILC to focus on its wholly owned or majority-owned projects in Canada and pursue opportunities in Southern Africa.

International Lithium Corp. (ILHMF) has received clearance for the sale of its Avalonia project interest in Ireland to Ganfeng Lithium's subsidiary, GFL International. The transaction, involving a minority holding in pre-Resource Estimate mineral claims, will proceed as planned after passing the Canadian regulatory review period without objections.

The deal, announced on September 17, 2024, includes payments of CAD$ 2.2 million in 2025 and grants ILC a 2% Net Smelter Royalty. The company will continue with its previously announced private placement of shares from February 5, 2025, to fund exploration activities in Canada and potential operations in Zimbabwe, pending the grant of Exclusive Prospecting Orders (EPOs).

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) successfully held its 2024 Annual General Meeting on September 16, 2024. The company reported that all proposed resolutions were passed with overwhelming support, receiving over 99% of votes in favor of all motions. Shareholders approved all agenda items outlined in the information circular and elected the board of directors for the coming year. The elected directors are John Wisbey, Maurice Brooks, Anthony Kovacs, Ross Thompson, and Geoffrey Baker. This strong shareholder support indicates confidence in the company's leadership and strategic direction.

International Lithium Corp. (ILC) has signed a variation agreement for its non-core Avalonia project in Ireland, a joint venture with Ganfeng. Key points:

• Ganfeng's option to increase its share from 55% to 79% is extended to December 31, 2025
• ILC will receive CAD$2.2 million and a 2% Net Smelter Royalty
• ILC will reduce its stake in Avalonia to zero

The proceeds will be used for exploration in Ontario (Raleigh Lake and Firesteel projects) and potentially in Zimbabwe. ILC's CEO, John Wisbey, stated that selling the non-strategic Avalonia stake allows the company to focus on other operations while maintaining a royalty interest. The transaction strengthens ILC's balance sheet and doesn't require TSXV approval.

International Lithium (TSXV: ILC, OTCQB: ILHMF, FSE: IAH) has announced its intention to extend the expiration date of 7,586,669 share purchase warrants from June 30, 2024, to August 11, 2026.

These warrants were originally issued as part of a private placement of 16,673,336 units, which was accepted by the TSX Venture Exchange on September 2, 2021.

The exercise price for these warrants remains unchanged at $0.08. The extension is subject to approval from the TSX Venture Exchange.

International Lithium (ILHMF) has finalized the purchase of a 90% stake in the Firesteel Copper-Cobalt Project near Upsala, Ontario. The transaction involves milestone payments totaling up to CAD $2.165 million. The company has also applied for drilling permits to begin a 2,000-meter drilling program targeting copper mineralization. Preliminary surveys identified promising anomalies correlating with surface samples and historic drill data. Firesteel spans 6,600 hectares with excellent infrastructure access, including proximity to Highway 17 and a natural gas pipeline. Initial exploration results have shown significant copper and cobalt presence.