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ILC Critical Minerals Extends Option on Karibib Lithium Project Amid Arbitration Fallout

Story Highlights
  • ILC Critical Minerals extended its option to acquire Lepidico Mauritius and the Karibib project to February 27, 2026.
  • In return for the extension, ILC will advance CAD$145,000 in conditional working capital, highlighting its strategic push into Southern Africa.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ILC Critical Minerals Extends Option on Karibib Lithium Project Amid Arbitration Fallout

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An update from International Lithium ( (TSE:ILC) ) is now available.

ILC Critical Minerals Ltd. has extended until February 27, 2026 its option to acquire 100% of Lepidico (Mauritius) Ltd., which owns 80% of the Namibian company holding the Karibib lithium, rubidium and cesium project, after an adverse arbitration ruling involving an offtake dispute and ongoing complex legal and regulatory approvals in Canada and Namibia. In exchange for the extension, ILC will provide an additional CAD$145,000 in working capital to Lepidico, structured so that the payments become non-recourse if the option is exercised but are added to Lepidico Canada’s secured loan obligations if it is not, underscoring both ILC’s strategic interest in consolidating control over Karibib and the legal and financing risks that still surround the transaction and its potential contribution to the company’s critical minerals growth strategy in Southern Africa.

The most recent analyst rating on (TSE:ILC) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on International Lithium stock, see the TSE:ILC Stock Forecast page.

Spark’s Take on TSE:ILC Stock

According to Spark, TipRanks’ AI Analyst, TSE:ILC is a Neutral.

The score is primarily held back by weak financial performance driven by a pre-revenue operating model, ongoing operating losses, and consistently negative cash flow. This is partially offset by a relatively conservative balance sheet with no reported debt, while technical signals are mixed and valuation looks low but is less reliable given limited operating earnings quality.

To see Spark’s full report on TSE:ILC stock, click here.

More about International Lithium

ILC Critical Minerals Ltd., formerly International Lithium Corp., is a critical minerals exploration company focused on lithium, rubidium, cesium and copper, with core activities in Ontario, Canada and strategic expansion plans into Southern Africa. Its portfolio ranges from a Definitive Feasibility Study-stage lithium-rubidium-cesium project at Karibib in Namibia (held via an option), to a Preliminary Economic Assessment-stage lithium-rubidium project at Raleigh Lake and early-stage copper and lithium prospects such as Firesteel and Wolf Ridge, alongside residual royalty and milestone interests in divested projects in Canada and Ireland. The company positions its assets as strategically aligned with accelerating demand for critical minerals driven by electric vehicles, grid-scale storage, data centres and geopolitical efforts in major economies to secure domestic supply chains.

Average Trading Volume: 236,444

Technical Sentiment Signal: Sell

Current Market Cap: C$6.81M

Find detailed analytics on ILC stock on TipRanks’ Stock Analysis page.

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