TSX: CLQ; U.S. OTCQX: CLQMF
TORONTO, May 31, 2012 /CNW/ - Canada Lithium Corp. (TSX: CLQ) (OTCQX: CLQMF)
announced today the appointments of Yves Desrosiers as General Manager and
Joël Gagnon as Process Plant Manager of the Québec Lithium mine and
processing plant under construction near Val d'Or, Québec. Mr. Desrosiers
assumes operations responsibility for the entire mine and process plant, which
enters the commissioning phase later this year.
Mr. Desrosiers most recently was Assistant General Manager for ArcelorMittal's
1,100-employee Mont Wright iron ore complex in northern Québec, an open-pit
mine that supplies as much as 40% of Canada's iron ore production. Mr.
Desrosiers managed key facets of ArcelorMittal's mining operation, including
mine production, mine engineering and maintenance oversight of the large
mobile equipment fleet.
During his career with Arcelor Mittal, Mr. Desrosiers was previously Mining
Manager, Plant Manager and Kiln Coordinator. Earlier, he worked as Plant
Superintendent for a graphite mine and as metallurgist for gold plant
operations in Abitibi.
The veteran mine manager holds a Bachelor of Materials and Metallurgical
Engineering, Université Laval, Sainte-Foy, (Québec).
"We were seeking a general manager with across-the-board operating experience,
from mining through to the finished marketable product. Mr. Desrosiers more
than qualifies in every respect," said Canada Lithium Chief Operating Officer
Mr. Gagnon was most recently Plant Manager of IAMGOLD's Essakane mine in
Burkina Faso and, prior to that, Plant General Superintendent of Semafo's
Samira Hill operation in Niger. Mr. Gagnon brings over 25 years of experience
in operation, maintenance and optimization of mineral processing plants. In
total, he has been involved, or in charge of, six process plant start-ups,
several of which were in northern Quebec.
At full production, the Québec Lithium mine and plant is anticipated to have
close to 200 employees.
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. The Company is in
the midst of building an open-pit mine and processing plant on-site with
capacity to produce approximately 20,000 tonnes per year of battery-grade
lithium carbonate annually. Metallurgical tests have produced battery-grade
lithium carbonate samples. The Company trades under the symbol CLQ on the TSX
and on the U.S. OTCQX under the symbol CLQMF.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning
of applicable Canadian securities legislation. Generally, forward-looking
information can be identified by the use of forward-looking terminology such
as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on reasonable assumptions that have been
made by the Corporation as at the date of such information and is subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the
Corporation to be materially different from those expressed or implied by such
Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking
information. The Corporation does not undertake to update any forward-looking
information referenced herein, except in accordance with applicable securities
Peter Secker, President and CEO (416) 361-2821
Olav Svela, Director, Investor Relations (416) 361-2821 or (416) 479-4355 or
Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020 or
Please visit the Canada Lithium website atwww.canadalithium.com. For the
latest news on the growing demand for lithium-ion batteries for electric and
hybrid vehicles and electrical grid-storage solutions, click on "Latest News
on Electric Vehicles" on the Home Page.
The Company's corporate office is at 401 Bay Street, Suite 2010, P.O. Box
118, Toronto, ON, M5H 2Y4
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CO: CANADA LITHIUM CORP.
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