International Lithium chair on Karibib option as part of Southern Africa expansion

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2d ago 8:33

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International Lithium Corp. (TSX-V:ILC, OTCQB:ILHMF) chairman and CEO John Wisbey talked with Proactive's Stephen Gunnion about the company’s latest strategic developments, including its option to acquire Lepidico’s interest in the Karibib Lithium, Rubidium and Cesium project in Namibia. Wisbey explained that the Karibib project brings both scale and advanced development, with a feasibility study already completed in 2020. He highlighted that the resource contains significant lithium, a substantial rubidium component, and enough cesium to meet a year of global demand. “Our research shows, that was validated by some external research, shows that it's the largest declared rubidium resource in Africa,” he noted. He described the project as complementary to International Lithium’s Raleigh Lake project in Canada, which has already reached the PEA stage and also contains both lithium and rubidium. Namibia’s proximity to Zimbabwe, where the company has pending applications, was also seen as a geographic advantage. If the option is exercised, Wisbey said the immediate focus will be on due diligence, establishing a drilling program to expand resources, and aligning reporting with Canadian NI 43-101 standards. He added that financing will be supported by proceeds from past asset sales, with further planning under discussion with investors. The company emphasized that there is a possibility that the option may not be exercised, especially if Lepidico Namibia encounters an adverse outcome in an arbitration dispute with the Chinese company Jiangxi Jinhui Lithium Co. Ltd., which involves claims and counterclaims. This arbitration in Singapore is expected to conclude in September or October 2025. For more interviews and updates, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe, and enable notifications for future content. #Lithium #Rubidium #CriticalMetals #InternationalLithium #Mining #Namibia #BatteryMetals #EnergyTransition #RaleighLake #ProactiveInvestors

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