What International Lithium Corp does

International Lithium Corp is a Canadian mineral exploration and development company headquartered in Vancouver and listed on the TSX Venture Exchange under the ticker ILC. Founded in 2011, the company is focused on exploring and developing lithium and other critical mineral deposits — including rubidium and cesium — to serve the battery technology, electric vehicle manufacturing, and specialized industrial sectors that require secure supply of these inputs. Its current asset base consists of the Raleigh Lake lithium project in Canada and an option to acquire 80% of the Karibib Lithium, Rubidium and Cesium project in Namibia, which the company describes as one of Africa's largest rubidium resources.

The company's underlying technology and platform are geological rather than software-based: it identifies, stakes, and advances mineral concession interests, conducts exploration drilling and resource estimation, and either progresses assets toward production or divests them to larger operators. There is no recurring product offering, no SaaS or AI component, and no manufacturing footprint disclosed. The Karibib project was accessed via an unconditional option to acquire 100% of Lepidico (Mauritius) Ltd. for CAD$975,000, supported by a CAD$510,000 secured loan to Lepidico, with closing contingent on the resolution of an unrelated Singapore arbitration involving Jiangxi Jinhui Lithium.

The business model is that of a pre-revenue junior explorer rather than a producing miner. The company does not earn revenue from product sales; instead, it finances ongoing exploration through equity issuances (a February 2025 non-brokered private placement raised up to C$600,000 at CAD$0.015 per share, with insider participation) and generates episodic cash from asset divestitures, most notably the December 2025 sale of its Avalonia lithium property in Ireland to a Ganfeng Lithium subsidiary for C$2.5 million. The economic viability of its Canadian Raleigh Lake project was restored in H2 2025 by a more than 100% rebound in spodumene prices from June lows. With a market capitalization of approximately C$4.37 million as of August 2026, the company remains small-cap, pre-revenue, and highly sensitive to lithium and specialty metals price cycles, with Chairman and CEO John Wisbey positioned to become a Control Person upon completion of recent insider financings.

Name

International Lithium Corp

Legal name

International Lithium Corp.

Website

https://internationallithium.com

Company type

Public

Founded year

2011

Operating status

Operating

Short description

International Lithium Corp is a Canadian junior mineral exploration company focused on lithium, rubidium, and cesium projects in Canada and Namibia, serving battery and critical minerals supply chains. It is pre-revenue, financed via equity placements and episodic asset divestitures, and repositioned around a 2025 lithium price rebound.

Ownership category

akta.pro rank

Product category

Mineral Exploration & Development

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Lithium Mining & Brine Extraction (IMAKAFAA), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Lithium exploration
• Rubidium mining
• Critical minerals development
• Mineral property development
• Battery metals exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Others

Revenue model

1. Private Placement / Equity Financing: The company raises capital through non-brokered private placements of common shares. The company announced a placement of up to 40,000,000 shares at CAD $0.015 per share to raise gross proceeds of up to $600,000 for general working capital purposes.
2. Property Divestiture: International Lithium generates revenue through selling mineral property interests. The company completed the sale of its Avalonia property in Ireland to a subsidiary of Ganfeng Lithium for C$2.5 million.

Core offering

International Lithium Corp is a junior mineral exploration and development company focused on identifying, evaluating, and advancing lithium, rubidium, and cesium deposits for the battery and clean-energy markets. Its current portfolio includes the Raleigh Lake project in Canada and the Karibib Lithium, Rubidium and Cesium project in Namibia (via an option to acquire an 80% interest through Lepidico (Mauritius) Ltd.). The company monetizes assets through property divestitures to larger industry players while using equity financings to fund ongoing exploration.

Product overview

International Lithium Corp is a mineral exploration and development company focused on lithium, rubidium, and cesium projects. The company holds interests in the Raleigh Lake project in Canada and the Karibib Lithium, Rubidium and Cesium project in Namibia (via option to acquire 80%), and has divested its Avalonia property in Ireland to Ganfeng Lithium. This is a mining/resource company rather than a technology products company.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Raleigh Lake project in Canada declared economically viable due to lithium market rebound in H2 2025

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered major, core and minor.

• Ganfeng LithiummajorStrategic or Co-development Partner · 22 December 2025Ganfeng Lithium subsidiary acquired International Lithium's Avalonia property in Ireland for C$2.5 million. This divestment was part of ILC's strategy to focus on its Canadian and African assets while generating cash from non-core holdings.
• LepidicocoreStrategic or Co-development Partner · 28 October 2025ILC holds an unconditional option to acquire 100% of Lepidico (Mauritius) Ltd, which owns 80% of the Karibib Lithium, Rubidium and Cesium project in Namibia, for CAD$975,000 minus loan repayment. Lepidico has drawn down the full CAD$510,000 secured loan from ILC with CAD$420,000 earning interest at 10% per annum.
• Jiangxi Jinhui Lithium Co. LtdminorOthers · 28 October 2025Jiangxi Jinhui Lithium Co. Ltd is involved in ongoing arbitration in Singapore with Lepidico Namibia. The transaction remains contingent on resolution of this arbitration.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Winsome Resources: ASX-listed hard-rock lithium explorer advancing the Adina project in Quebec. Comparable as an early-stage lithium explorer targeting Canadian spodumene resources.

Direct peers

• Standard Lithium: NYSE and TSX-listed lithium developer pursuing direct lithium extraction (DLE) from brine assets in the US Smackover formation. Comparable as a small-to-mid cap pure-play lithium developer, though focused on brine rather than hard rock.
• Lepidico Ltd: ASX-listed owner of the Karibib Lithium, Rubidium and Cesium project in Namibia, where ILC holds an option to acquire 100% of Lepidico (Mauritius) Ltd. Directly comparable as both companies are pursuing the same multi-commodity critical minerals asset.
• Frontier Lithium: TSX Venture-listed developer of the PAK Lithium Project in Ontario, focused on spodumene concentrate and lithium chemicals. Comparable as a Canadian hard-rock lithium developer at a similar early-to-mid stage.
• Patriot Battery Metals: TSX Venture-listed hard-rock lithium explorer advancing the Corvette Property in Quebec. Comparable as a Canadian-listed lithium-focused junior at the exploration-to-development stage.
• Rock Tech Lithium: TSX Venture and Frankfurt-listed lithium developer focused on spodumene-to-Lithium Hydroxide converter projects in Canada and Europe. Comparable in target commodity (lithium) and downstream processing ambition.
• American Lithium: TSX Venture-listed lithium developer with projects in the US and Peru, including lithium clay and hard-rock assets. Comparable as a small-cap diversified lithium developer focused on multiple project geographies.
• Critical Elements Lithium Corp: TSX Venture-listed junior lithium exploration and development company advancing hard-rock spodumene projects in Quebec, Canada. Closely comparable stage, geography, and commodity focus to ILC's Raleigh Lake project.

Broad incumbents

• Lithium Americas: NYSE and TSX-listed large-scale lithium developer with Thacker Pass (US) and Cauchari-Olaroz (Argentina). Comparable in lithium commodity exposure but operates at materially larger scale and capital base than ILC.
• Ganfeng Lithium: Chinese-listed global lithium leader that acquired ILC's Avalonia project for C$2.5M. Provides read-through on asset valuation and is a likely strategic counterparty for future ILC transactions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Lithium Corp