Jul 25 2013
Canada Lithium Corp. (“Canada Lithium” or the “Company”) announced today that it has successfully produced battery-grade lithium carbonate from its processing plant near Val d’Or, Québec. Initial commissioning of the solvent extraction and bi-carbonate sections of the hydrometallurgical circuit has resulted in the production of a number of batches of 99.5%, 99.6% and up to 99.9% battery-grade material.
Sample shipments are en-route to Tewoo Group in China under the previously announced five-year off-take agreement. Commissioning of all the plant hydrometallurgical circuits is ongoing and the Company continues ramping up throughput.
About Canada Lithium Corp.
The Company holds a 100% interest in the Québec Lithium Project near Val d'Or, the geographical heart of the Québec mining industry. It has completed construction and is in the commissioning phase of an open-pit mine and on-site processing plant with estimated capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate annually. Metallurgical tests have produced battery-grade lithium carbonate samples. A five-year off-take agreement for a minimum of 12,000 tonnes per year was recently signed with Tewoo-ERDC, one of China's largest commodities traders. A second off-take for up to 5,000 tonnes per year was recently signed with Marubeni Corp., a major Japanese commodities trading company. Lithium carbonate is used in lithium-ion batteries that power consumer electronics (laptops, tablets, etc.), power-grid storage facilities and electric and hybrid vehicles. For more information regarding the Company, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the Company's Management Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 and the Financials and MD&A for the three-month period ended March 31, 2013. The Company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF.