International Lithium (ILC) AI Stock Analysis

• Market Cap: C$6.81M
• Dividend Yield: N/A
• Average Volume (3M): 272.19K
• Price to Earnings (P/E): 4.5
• Beta (1Y): 0.34
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 272,403,260
• 10 Day Avg. Volume: 102,741
• 30 Day Avg. Volume: 272,190
• PEG Ratio: -0.23
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$0.03 ▼(-16.67% Downside)

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.

Positive Factors

Conservative balance sheet (no debt)

A zero-debt, equity-backed balance sheet reduces refinancing and interest risks, preserving strategic optionality for exploration and partnerships. This financial conservatism supports longevity through commodity cycles and makes the company a more stable JV partner versus highly leveraged peers.

Strategic focus on lithium and battery metals

Operating in the battery-metals sector aligns the company with durable secular demand from EVs and energy storage. The explicit partnering model lets ILC de‑risk capital-intensive development, leverage specialist partners' execution capabilities, and accelerate project advancement without sole funding burden.

Improving operating loss trend

A multi-year reduction in operating losses suggests improving cost discipline and operational efficiencies. If sustained, this trend lowers future funding needs, lengthens runway between raises, and increases the probability that exploration progress can be advanced before major additional capital is required.

Negative Factors

Pre-revenue business model

With no operating revenue, the firm's economics depend entirely on exploration success, asset sales, or partner deals. This elevates execution risk and creates uncertainty about the timing and scale of any future cash generation, making long-term project realization materially uncertain.

Persistent negative cash flow and cash burn

Consistent negative operating and free cash flow forces reliance on external financing for exploration and development. Over time that can dilute shareholders, constrain strategic choices, and leave projects vulnerable if capital markets tighten, materially increasing funding and execution risk.

Historical balance sheet volatility and funding sensitivity

Prior periods of negative equity and high leverage show the balance sheet has been vulnerable to valuation swings and financing conditions. That history indicates the company may face recurring dilution or distressed funding choices in adverse markets, undermining long-term stability.

International Lithium Business Overview & Revenue Model

Company Description

ILC Critical Minerals Ltd. engages in the exploration of mineral properties. It's projects include Raleigh Lake, Mariana, Mavis Lake, Avalonia, and Forgan Lake and West Georgia. The company was founded on March 26, 2009 and is headquartered in Vancouver, Canada.

How the Company Makes Money

International Lithium Corp. generates revenue primarily through the exploration and development of lithium-rich mineral properties, which they may sell or lease to larger mining companies. Additionally, the company engages in joint ventures and strategic partnerships to develop its projects further, sharing both costs and potential profits. ILC's revenue streams include the sale of mineral rights, royalties from production, and partnership agreements, where they provide expertise and resources in exchange for financial backing and a share of the profits from developed projects.

International Lithium Financial Statement Overview

Summary

Financial profile is weak overall: the company remains pre-revenue with persistent operating losses, and operating/free cash flow are consistently negative. A key offset is a cleaner, low-leverage balance sheet with meaningful equity and no reported debt in recent periods, but funding/execution risk remains high until revenues and cash generation improve.

Income Statement

The company is still pre-revenue (revenue is 0 across all periods), which keeps profitability heavily dependent on non-operating items. Operating performance remains weak with persistent operating losses (TTM (Trailing-Twelve-Months) EBIT of about -1.9M vs. -2.2M in 2024 and -3.0M in 2023, showing some cost improvement). Net income is positive in 2024 and TTM (Trailing-Twelve-Months), but that profitability is not supported by core operations, limiting earnings quality and visibility.

Balance Sheet

The balance sheet is relatively conservative with zero reported debt in 2022–TTM (Trailing-Twelve-Months) and a meaningful equity base (TTM (Trailing-Twelve-Months) equity ~8.9M on assets ~9.1M). Return on equity has improved from negative levels in 2021–2023 to modestly positive in 2024 and stronger in TTM (Trailing-Twelve-Months), but the improvement coincides with operating losses, suggesting it may not be durable. A notable risk is historical balance sheet volatility (negative equity in 2020 and materially higher leverage then), indicating sensitivity to funding and revaluations.

Cash Flow

Cash generation remains a key weakness: operating cash flow is negative in every period shown, including TTM (Trailing-Twelve-Months) (-0.2M) and a much larger burn in 2024 (-2.0M). Free cash flow is also consistently negative, and TTM (Trailing-Twelve-Months) free cash flow fell sharply versus 2024 (large negative growth rate), highlighting uneven funding needs. While the TTM (Trailing-Twelve-Months) cash burn is smaller than prior years, the business is still not self-funding and likely reliant on external capital until revenues emerge.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.03K	-966.00	-2.15K	-13.72K	0.00	-43.41K
EBITDA	1.38M	-2.16M	-2.59M	-2.44M	-1.79M	-648.00K
Net Income	1.32M	151.86K	-2.49M	-1.33M	-4.48M	-1.82M
Balance Sheet
Total Assets	9.10M	10.50M	13.20M	14.52M	15.19M	9.00M
Cash, Cash Equivalents and Short-Term Investments	109.44K	337.93K	2.85M	6.45M	10.96M	1.91K
Total Debt	0.00	0.00	0.00	0.00	709.31K	8.97M
Total Liabilities	306.66K	912.54K	189.34K	147.26K	768.88K	9.91M
Stockholders Equity	8.87M	9.67M	13.01M	14.37M	14.42M	-904.82K
Cash Flow
Free Cash Flow	-200.32K	-2.21M	-4.14M	-6.30M	-3.07M	-232.31K
Operating Cash Flow	-200.32K	-2.01M	-2.49M	-1.97M	-2.49M	-232.31K
Investing Cash Flow	-99.96K	-629.01K	-919.74K	-1.51M	11.78M	62.48K
Financing Cash Flow	375.25K	0.00	0.00	-1.40M	1.67M	149.20K

International Lithium Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ILC, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 45.58 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ILC.

International Lithium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GDI	61 Neutral	C$856.28M	20.38	8.55%	―	-2.83%	179.03%
QMC	52 Neutral	C$7.29M	-31.82	―	―	―	14.29%
ILI	51 Neutral	C$10.22M	-33.33	-1.36%	―	―	-136.00%
ILC	49 Neutral	C$6.81M	4.46	12.49%	―	―	―
SKYG	46 Neutral	C$3.64M	-8.42	-100.67%	―	―	19.49%
VRB	45 Neutral	C$2.75M	-4.59	-4.76%	―	―	84.01%

International Lithium Corporate Events

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

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.

International Lithium Sees Stronger Economics at Raleigh Lake as Lithium Prices Rebound

International Lithium Corp. has updated investors on the economic outlook for its Raleigh Lake lithium project in Ontario in light of a sharp rebound in lithium prices since mid-2025, highlighting that the spot price for SC6-grade spodumene now implies significantly improved project economics. Using the price sensitivity work from its 2024 Preliminary Economic Assessment and interpolating to current SC6 levels, the company estimates a pre-tax NPV of about C$223 million and an IRR of roughly 33% for the lithium-only component of Raleigh Lake, while cautioning that medium-term realized prices and costs may differ from current spot conditions. Alongside this, ILC has begun the process of converting certain Raleigh Lake mining claims into a mining lease and is planning additional work for 2026, including a prospective PEA on the project’s rubidium resource, moves that could strengthen the project’s development pathway and enhance its potential value beyond lithium alone.

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.

International Lithium Rebrands as ILC Critical Minerals to Reflect Broader Critical Metals Focus

International Lithium Corp. is rebranding as ILC Critical Minerals Ltd., effective January 12, 2026, to better reflect its broadened focus beyond lithium to a wider suite of critical minerals discovered or targeted in its Canadian and prospective Southern African projects. The company’s common shares will begin trading under the new name on the TSX Venture Exchange while retaining the ticker symbol “ILC,” with share capital, business operations, and ongoing exploration and development activities remaining unchanged; existing share and warrant certificates will continue to be valid, and certain subsidiaries will also adopt the new branding, signaling a strategic repositioning in the evolving critical minerals market.

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.

International Lithium Weighs Options After Unfavourable Arbitration on Namibian Lithium Asset

International Lithium Corp. reported that an arbitration at the Singapore International Arbitration Centre over a legacy dispute between Lepidico Chemicals Namibia and Jiangxi Jinhui Lithium in China resulted in an unfavourable ruling against Lepidico, whose Namibian subsidiary controls the Karibib lithium, rubidium and cesium project. Having deliberately structured its September 2025 deal for Lepidico Mauritius as an option pending this outcome, International Lithium remains a secured creditor and option holder on the Karibib project and is now assessing its strategic options, a process that could influence its expansion into Southern Africa and its broader positioning as a supplier of critical minerals amid rising global demand and geopolitical efforts to secure diversified, non-Chinese sources of lithium and related metals.

International Lithium Wins Strong Shareholder Backing as It Prioritizes Raleigh Lake and African Expansion

International Lithium Corp. reported that all resolutions at its 2025 annual general meeting were approved with more than 99% shareholder support, including the election of its full slate of directors for the coming year, reinforcing strong investor backing for the company’s strategic direction. The board’s renewed mandate underpins management’s focus on advancing the Raleigh Lake lithium-rubidium project and the Firesteel copper project in Canada, while pursuing expansion in Southern Africa through its optioned Karibib lithium-rubidium-cesium project in Namibia and applications for exploration licences in Zimbabwe, a strategy aimed at capturing rising demand for critical battery and technology metals and strengthening the company’s role in Western supply chains.

International Lithium Pivots to Critical Minerals as Market Rebounds

International Lithium Corp. used its 2025 AGM to underline a turnaround year marked by recovering lithium prices and a strategic shift into broader critical minerals. The company highlighted that a sharp rebound in spodumene and lithium carbonate prices in the second half of 2025 has restored the economic viability of its Raleigh Lake project in Ontario and improved sector-wide sentiment. Operationally, ILC completed the sale of its Avalonia property in Ireland to a Ganfeng Lithium subsidiary, using the C$2.5 million proceeds to help fund an option to acquire control of the Karibib project in Namibia, which hosts one of the world’s largest declared rubidium resources and substantial cesium, as well as lithium. Management emphasized that, if it proceeds with the Karibib option and advances its Zimbabwe applications, the company could significantly strengthen its position in the global critical minerals supply chain in 2026, diversifying revenue potential beyond lithium alone and deepening its presence in Southern Africa.