International Lithium (TSE:ILC) has released an update.
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International Lithium Corp. has amended its joint venture agreement, reducing its interest in the Avalonia project to zero in exchange for CAD$2.2 million and a 2% Net Smelter Royalty from partner Ganfeng. The company plans to allocate the proceeds towards its exploration projects in Ontario and Zimbabwe, as well as for working capital.
For further insights into TSE:ILC stock, check out TipRanks’ Stock Analysis page.
