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Canada Lithium Updates on Lithium Carbonate Project

Canada Lithium Corp. said that the follow up drilling program at the lithium carbonate project located 60 km north of Val d’Or had been favorable. The 56 hole follow up drilling was conducted at the $200 million project to ensure site clearance for the mine and mill.

The Chief Executive Officer of Canada Lithium Corp., Peter Secker said that the results continued to demonstrate the consistency in both grade and width across the deposit of the mineral spodumene and they have received provincial environmental approval to start construction of the processing plant

The company confirmed that it had placed orders for key equipment such as crushing and flotation circuits and electric switching gear. The company had already ordered the mine haulage trucks, the bar mill, rod mill and kiln.

As per Mr Secker the company is also in negotiations with financial institutions regarding the terms of a debt financing. As the prices for lithium carbonate continue to rise he is sure that they will be successful. Lithium carbonate is used as a key ingredient of second-generation lightweight batteries for electric cars and hybrids.

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.

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