International Lithium Corp. (OTCQB: ILHMF) has confirmed the successful outcome of its annual general meeting held on December 22, 2025. Shareholders overwhelmingly supported all proposed resolutions and agenda items, with over 99% of votes cast in favor. This strong endorsement saw the election of the proposed director nominees for the upcoming year, comprising John Wisbey, Maurice Brooks, Anthony Brooks, Ross Thompson, and Geoffrey Baker.
The company, operating as International Lithium Corp. (TSXV: ILC), is actively engaged in critical minerals exploration, with a strategic focus on projects in Ontario, Canada, and aspirations for expansion into Southern Africa. Its portfolio spans various stages of development, from a completed Definitive Feasibility Study at the Rubicon project in Namibia to a Preliminary Economic Assessment for the Raleigh Lake project and pre-drilling activities at Wolf Ridge. The primary targets in Canada include lithium, rubidium, and copper, while the Karibib project in Namibia also boasts lithium, rubidium, and cesium. Additionally, ILC retains interests in projects where it has divested ownership but stands to receive future payments tied to resource milestones or net smelter royalties.
The global demand for electricity, fueled by advancements in artificial intelligence, the proliferation of data centers, and the accelerating adoption of electric vehicles and grid-scale energy storage, underpins a significant and growing need for lithium and copper. Rubidium, another critical metal, is increasingly recognized for its strategic importance in high-precision clocks and space technology. This rising demand, coupled with a geopolitical imperative among major economies like the USA, Canada, and the EU to secure and diversify critical mineral supply chains, positions International Lithium Corp.’s Canadian and Southern African projects advantageously.
International Lithium Corp.’s overarching mission for the next decade is to generate shareholder value through the development of lithium and other battery metals, alongside rare metals, while contributing to environmental sustainability. This involves optimizing existing Canadian projects and actively seeking and developing new opportunities with world-class deposit potential. Southern Africa, particularly Zimbabwe, is identified as a key strategic market, with applications for Exclusive Prospecting Orders (EPOs) already submitted. Further portfolio developments are anticipated in the near future.
The company’s current project interests are detailed as follows:
| Name | Metal | Location | Stage | Area (Hectares) | Current Ownership (%) | Future Ownership (%) | Operator or JV Partner |
| :———————————- | :—————– | :—————– | :——————————————————————– | :————– | :——————– | :————————————— | :———————————— |
| Rubicon + Helikon + EPL | Lithium, Rubidium, Cesium | Karibib, Namibia | 2021: Feasibility Study completed for Li, Rb and Cs | 29,500 | 0% | 80% (if option exercised) | Lepidico; ILC if option exercised |
| Raleigh Lake | Lithium, Rubidium | Ontario | Dec 2023: PEA for Li; Apr 2023: Maiden Resource Estimates for Li and Rb | 32,900 | 100% | 100% | ILC |
| Firesteel | Copper, Cobalt | Ontario | Aeromagnetics and Drilling started mid-2024 | 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% | 0% (carries earn-in payment) | Critical Resources Limited (ASX: CRR) |
| Avalonia | Lithium | Ireland | Drilling | 29,200 | 0% | 2.0% Net Smelter Royalty | GFL Intl Co Ltd. (Ganfeng Lithium) |
| Forgan/Lucky Lakes | Lithium | Ontario | Drilling | – | 0% | 1.5% Net Smelter Royalty | Power Minerals Limited (ASX: PNN) |
The company’s immediate strategic priorities are centered on the Raleigh Lake lithium and rubidium project and the Firesteel copper project in Canada, alongside securing EPOs and mineral claims in Zimbabwe. The Karibib projects in Namibia are also poised to become a significant focus should ILC exercise its option.
The Raleigh Lake Project, encompassing 32,900 hectares in Ontario, represents ILC’s flagship Canadian asset. With drilling conducted on less than 1,000 hectares to date, a Preliminary Economic Assessment for lithium was released in December 2023, while a detailed economic analysis for the separate rubidium resource is still pending. This project is 100% owned by ILC, free of encumbrances and royalties, and benefits from excellent access to infrastructure.
International Lithium Corp. has maintained a disciplined approach to funding its exploration initiatives. Following the divestment of the Mariana project in Argentina (2021), Mavis Lake in Canada (2022), and Avalonia in 2025, the company has generated sufficient cash flow to advance its projects.
With the escalating demand for lithium, often dubbed “the new oil,” driven by high-tech rechargeable batteries for electric vehicles, energy storage, and portable electronics, ILC is strategically positioned to capitalize on the burgeoning green energy economy. By leveraging projects with significant resource potential and fostering robust partnerships, International Lithium Corp. aims to establish itself as a leading rare metals resource developer and continue delivering value to its shareholders throughout the 2020s, a decade defined by battery metals.
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