“International Lithium Soars as Raleigh Lake Lithium Project Unleashes Incredible Results

A pre-feasibility assessment (PEA) carried out for the Raleigh Lake Lithium Project owned by International Lithium Corp. (TSXV: ILC) (OTCQX: ITHUF) has released highly positive estimates for after-tax net present value (NPV) and internal rate of return (IRR). International Lithium Corp., a Canadian exploration company focused on the strategic and sustainable development of lithium projects globally, has now received the results of a PEA carried out on its Raleigh Lake Lithium Project located in the Athabasca Basin Region in Saskatchewan, Canada. The PEA estimates reveal a highly favourable NPV of CAD 342.9 million and an after-tax IRR of 44.3%. The PEA was carried out on Raleigh Lake’s inferred mineral resource of 16.8 million tonnes at an average grade of 1.35% Li 2 O and estimated 2019 pit arrogance costs of CAD 2.14/t as per GEW Mineral Economics Ltd. report hosted in the Company’s disclosure profile on SEDAR. The outcome of the PEA also assumes average annual production rate over the life of project, limited to 10 years, of 220,000 tonnes of 6% spodumene concentrate at reasonable operating costs. The results of the PEA also estimate a payback period of 4.6 years from the start of production at a 0.00% discount rate. The PEA results estimate a pre-production capital cost of CAD 301.7 million plus sustaining capital of CAD 33 million. The completion of the PEA was a significant milestone for the Company as interim strategy was to: 1. Secure current mineral resource to support the focus on the near-term commencement of engineering work for a dense media separation plant; 2. Explore the geological potential for increased mineral resources at the Raleigh Lake Project; 3. Carry out metallurgical and engineering studies on potential lithium concentrate production for further processing including use of various lithium extraction technologies; and 4. Conduct additional environmental, permitting, and socio-economic studies to determine the project’s potential. International Lithium is well-positioned to move the Raleigh Lake project forward into construction and production. Factors such as already existing infrastructure in the area, plus easy access to the nearby city of Saskatoon, add to the attractiveness of the project. The Company’s aspiration is to be a significant producer and supplier of lithium and to become a leader in sustainable development throughout the global lithium battery supply chain. The PEA results provide very encouraging numbers and lay the foundation for International Lithium Corp. to move ahead with the future development of the Raleigh Lake Lithium Project. The Company is currently working on the completion of additional studies to support and advance the project. A pre-feasibility assessment (PEA) carried out for the Raleigh Lake Lithium Project owned by International Lithium Corp. (TSXV: ILC) (OTCQX: ITHUF) has released highly positive estimates for after-tax net present value (NPV) and internal rate of return (IRR). International Lithium Corp., a Canadian exploration company focused on the strategic and sustainable development of lithium projects globally, has now received the results of a PEA carried out on its Raleigh Lake Lithium Project located in the Athabasca Basin Region in Saskatchewan, Canada. The PEA estimates reveal a highly favourable NPV of CAD 342.9 million and an after-tax IRR of 44.3%. The PEA was carried out on Raleigh Lake’s inferred mineral resource of 16.8 million tonnes at an average grade of 1.35% Li 2 O and estimated 2019 pit arrogance costs of CAD 2.14/t as per GEW Mineral Economics Ltd. report hosted in the Company’s disclosure profile on SEDAR. The outcome of the PEA also assumes average annual production rate over the life of project, limited to 10 years, of 220,000 tonnes of 6% spodumene concentrate at reasonable operating costs. The results of the PEA also estimate a payback period of 4.6 years from the start of production at a 0.00% discount rate. The PEA results estimate a pre-production capital cost of CAD 301.7 million plus sustaining capital of CAD 33 million. The completion of the PEA was a significant milestone for the Company as interim strategy was to: 1. Secure current mineral resource to support the focus on the near-term commencement of engineering work for a dense media separation plant; 2. Explore the geological potential for increased mineral resources at the Raleigh Lake Project; 3. Carry out metallurgical and engineering studies on potential lithium concentrate production for further processing including use of various lithium extraction technologies; and 4. Conduct additional environmental, permitting, and socio-economic studies to determine the project’s potential. International Lithium is well-positioned to move the Raleigh Lake project forward into construction and production. Factors such as already existing infrastructure in the area, plus easy access to the nearby city of Saskatoon, add to the attractiveness of the project. The Company’s aspiration is to be a significant producer and supplier of lithium and to become a leader in sustainable development throughout the global lithium battery supply chain. The PEA results provide very encouraging numbers and lay the foundation for International Lithium Corp. to move ahead with the future development of the Raleigh Lake Lithium Project. The Company is currently working on the completion of additional studies to support and advance the project.