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International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) has announced a non-brokered private placement of up to 40,000,000 units at CAD $0.05 per unit. This move aims to raise gross proceeds of up to $2,000,000.

The proceeds will fund exploration on the Company’s Raleigh Lake Project in Ontario and other projects. Additionally, they will cover general corporate and administrative costs. The Company anticipates announcing a Preliminary Economic Assessment on Zone 1 of Raleigh Lake in November 2023.

About International Lithium Corp.

International Lithium Corp. is at a significant turning point in the energy market’s dependence on oil and gas. The Company’s mission for the next decade is to generate profit for shareholders from lithium and rare metals. This includes optimizing the value of existing projects in Canada and Ireland.

The Company’s primary strategic focus is on the Raleigh Lake Project’s lithium and rubidium project in Canada. The Raleigh Lake Project consists of 48,500 hectares of mineral claims in Ontario. The exploration results have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium.

For further information, please contact +1 604-449-6520 or email us on ir@internationallithium.ca.

Company Website: https://www.internationallithium.ca

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