Announcement • Jan 09
International Lithium Corp. Provides Update on Economics of Raleigh Lake Project in Ontario
International Lithium Corp. announced to note the upturn in lithium prices from their low in June 2025, and wishes to give guidance and clarification to the wider investor community for what this means for ILC's Raleigh Lake project. Since June 30, 2025, the price of Lithium Carbonate, the main lithium benchmark, has risen from USD 8,535 per tonne to USD 19,747 on January 8, 2026, a rise of 131%, while the price of Spodumene Concentrate containing 6% Lithium Oxide ("SC6") in the same period has risen from USD 630 to USD 1,800 per tonne, a rise of 185%. The source for these prices is @LithiumPriceBot on X. The rise in SC6 has well outperformed even silver since June 2025. obviously the low in June 2025 followed a very difficult previous 2 1/2 years for lithium prices. At the present exchange rate of USD 1.3880, that means a SC6 price measured in CAD 2,498.40 per tonne. While the world's politicians remain dividend on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical metals and to become more self-sufficient. The Company's key mission for the next decade is to generate revenue for its shareholders from lithium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less. polluted cities. This includes optimizing the value of ILC's existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company announced that it regards Southern Africa as a key strategic target market and, in addition to Namibia, it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months. The Company's interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities: Name, Metal, Location, Stage, Area in Hectares, Current Ownership Percentage, Future Ownership Percentage, Dec 2023: PEA for Li completed April 2023 Maiden Resource Estimates for Li and Rb, 32,900, 100%, 100%, ILC, Rubicon + Helikon + Exclusive Prospecting Licence, Lithium Cesium, Karibib, Namibia, 2021: Feasibility Study completed for Li, Rb and Cs under JORC, 29,500, 0%, 80%, Lepidico; ILC if option exercised, Firesteel, Copper, Cobalt, Ontario, Initial Drilling, 6,600, 90%, 90%, ILC, Wolf Ridge, Lithium, Ontario, Pre-Drilling, 5,700, 0%, 100%, ILC, Mavis Lake, Lithium, Ontario, May 2023 Maiden Resource Estimate, 2,600, 0%, (carries an extra earn-in payment of AUD 0.75 million if resource targets met), Critical Resources Limited, Avalonia, Lithium, Ireland, Drilling, 29,200, 0%, 0% 2.0% Net Smelter Royalty, GFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd), Forgan/Lucky Lakes, Lithium, Ontario, Drilling, < 500, 0%, 0%, 1.5% Net, 0.5% Net, Smelter Royalty, Power Minerals, Limited.
