Welcome to our dedicated page for ILC Critical Minerals news (Ticker: ILHMF), a resource for investors and traders seeking the latest updates and insights on ILC Critical Minerals stock.
ILC Critical Minerals Ltd. reports news as a critical-minerals exploration company focused on lithium, rubidium, copper and related minerals. Company updates center on the Raleigh Lake project in Ontario, project economics, mineral-price context, portfolio decisions, royalty interests and exploration activity tied to critical-minerals assets.
Corporate news also covers the 2026 name change from International Lithium Corp., shareholder-meeting results, exchange and quotation references for TSXV, OTCQB and FSE trading, and the company's adoption of semi-annual reporting under Coordinated Blanket Order 51-933.
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.
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