By Kari Williamson

"Our partnership with China-based Ganfeng Lithium Co Ltd continues to provide the company with crucial technical and financial support. Our mutual goal is to position the company in the potential supply chain of strategic commodities for the coming green technological revolution," says Kirill Klip, President of International Lithium.

The Ganfeng Lithium Board of Directors has approved to purchase 4,347,826 common shares in ILC through participating in a private placement at $0.115 per share for gross proceeds of $500,000.