International Lithium Corp. has completed the sale of its interest in the Avalonia Project in Ireland and its shareholding in Blackstairs Lithium Ltd to GFL International Co., Limited, a subsidiary of Ganfeng Lithium Group Co., Ltd. The total consideration for the transaction is CAD$ 2.5 million, which includes CAD$ 2.2 million for the Avalonia Project and an additional CAD$ 0.3 million for Blackstairs Lithium. A final payment of CAD$ 1.0 million for the Avalonia Project is expected in October 2025.
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