Following the filing of its preliminary economic assessment (PEA) for the Raleigh Lake lithium project, International Lithium (TSXV:ILC) is now seeking potential partners to advance the project to production, the company’s chairman and CEO, John Wisbey, explained.
“We’re going to do more work towards getting (the project) to the next stage,” he said, adding that the PEA pegs the pre-production capital cost at C$111.9 million.
“That’s quite a lot of money, so we’re definitely looking for partners for that right now for the right terms, and there are many ways that could be done,” added Wisbey.
He noted the Raleigh Lake property is also highly prospective for rubidium, which was not part of the PEA, but presents another opportunity for the company.
“Rubidium is heavily used in … making high quality optical fiber,” Wisbey said. “It’s got a pretty high market price as far as we can see. So we’re doing a lot of research on actually how big is the market.”
Watch the full interview with International Lithium CEO John Wisbey above.
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