Watch Live

Tweet TWEET

Canada Lithium Announces Commissioning Under Way at Québec Lithium Mine and Process Plant

 Canada Lithium Announces Commissioning Under Way at Québec Lithium Mine and  Process Plant  TSX: CLQ; U.S. OTC: CLQMF  TORONTO, Dec. 20, 2012 /CNW Telbec/ - Canada Lithium Corp. (TSX: CLQ) (U.S.  OTC: CLQMF) announced today that commissioning has commenced at its open-pit  mine and processing facility near Val d'Or, Québec. During the month of  November approximately 12,000 tonnes of ore and 380,000 tonnes of waste were  mined. The waste material is predominantly used to construct the Tailings  Management Facility. The ore has been crushed and stockpiled. Mining  operations will continue through the Holiday period.  During December, commissioning of the concentrator has been ongoing. All major  circui ts, comprising crushing, conveying, ore storage, ball and rod mills and  flotation cells were dry-commissioned early in the month and sequentially  wet-commissioned. All major sections of the hydrometallurgical circuit have  been installed and are substantially completed and Programmable Logic  Controllers (PLC), piping and electrical installation is now underway in this  section of the plant.  The EPCM contractor will demobilise a significant proportion of the  construction workforce on December 21. A small completion crew will return to  site on January 7 to work with the CLQ operations team to finalise the  hydrometallurgical installation and assist with the commissioning stages of  the project.  The company now has 119 employees on-site and this will build up to  approximately 160 personnel over the next few months. At full production, the  project will have approximately 200 full-time employees. The planned first  shipment of lithium carbonate under the five-year Tewoo off-take agreement is  on schedule for end-March 2013. (See press release dated November 12, 2012,  for the Tewoo/Canada Lithium agreement.) Full production of the  20,000-tonne-per-annum lithium carbonate processing plant is scheduled for Q4,  2013.  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. Construction is  nearing completion on an open-pit mine and processing plant with estimated  annual capacity of approximately 20,000 tonnes of battery-grade lithium  carbonate. Commissioning is under way and the Company anticipates first  production of lithium carbonate late in the first quarter of 2013. A five-year  offtake agreement for a minimum of 12,000 tonnes per year up to a maximum  14,400 tonnes was recently signed with Tewoo-ERDC, one of China's largest  commodities traders. Lithium carbonate is used in lithium-ion batteries that  power consumer electronics (laptops, tablets, etc.) power-grid storage  facilities and electric and hybrid vehicles. 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 Canadian securities legislation. Forward-looking information is based upon  the Company's beliefs, estimates and opinions as at the date of this press  release, which the Company believes are reasonable, but no assurance can be  given that these will prove to be correct. Furthermore, the Company undertakes  no obligation to update or revise forward-looking information contained herein  if these beliefs, estimates and opinions or other circumstances should change,  except as otherwise required by applicable law.  Forward-looking information relates to future events or to future conditions,  performance or results of operations and reflects current expectations or  beliefs regarding such matters including, but not limited to, information or  statements with respect to: (i) the amount of mineral resources; (ii)  exploration, development and production activities, including information  regarding the potential mineralization and resources; (iii) the amount of  future output over any period; (iv) net present value and internal rates of  return of the mining operation; (v) assumptions relating to capital costs,  operating costs and other cost metrics; (vi) assumptions relating to gross  revenues, operating cash flow and other revenue metrics; (vii) assumptions  relating to future price and demand for lithium and other macroeconomic  metrics; (viii) exploration and development plans, including anticipated costs  and timing thereof, time frames for completion, and anticipated time to  production; (ix) mine potential and expected mine life; and * sources of and  anticipated financing requirements.  All information other than matters of historical fact may be forward-looking  information. In some cases, forward-looking information can be identified by  the use of words such as "seek", "expect", "anticipate", "budget", "plan",  "project", "estimate", "assume", "continue", "forecast", "intend", "believe",  "predict", "potential", "target", "strategy", "goal", "may", "could", "would",  "might", or "will" and similar words or phrases (including negative  variations) suggesting future outcomes or statements regarding an outlook.  Forward-looking information is based upon certain assumptions by the Company  or its consultants and other important factors that, if untrue, could cause  the actual results, performances or achievements of the Company to be  materially different from future results, performances or achievements  expressed or implied by such information. Such information is based on  numerous assumptions regarding present and future business strategies and the  environment in which the Company will operate in the future, including the  price of lithium, anticipated costs and ability to achieve goals. Certain  important factors that could cause actual results, performances or  achievements to differ materially from those in the forward-looking  information include, but are not limited to: (i) required capital investment  and estimated workforce requirements; (ii) estimates of net present value and  internal rates of return; (iii) future demand and market prices for lithium;  (iv) receipt of regulatory approvals on acceptable terms within commonly  experienced time frames; (v) anticipated timelines for the commencement of  production; (vi) anticipated timelines for community consultations and the  impact of those consultations on the regulatory approval process; and (vii)  future exploration plans and objectives.  By its nature, forward-looking information involves known and unknown risks,  uncertainties and other factors which may cause actual results, performance or  achievements, or industry results, to differ materially from those expressed  or implied by such forward-looking information. Some of the risks and other  factors that could cause actual results to differ materially from those  expressed in the forward-looking information contained in this press release  include, but are not limited to, risks and uncertainties relating to: (i) the  interpretation of drill results, the geology, grade and continuity of mineral  deposits and conclusions of economic evaluations; (ii) results of feasibility  studies, and the possibility that future exploration, development or mining  results will not be consistent with the Company's expectations, (iii) the  outcome of litigation in which the Company is or may in the future become  involved; (iv) risks relating to possible variations in reserves, grade,  planned mining dilution and ore loss, or recovery rates and changes in project  parameters as plans continue to be refined; (v) mining and development risks,  including risks related to accidents, equipment breakdowns, labor disputes  (including work stoppages and strikes) or other unanticipated difficulties  with or interruptions in exploration and development; (vi) risks related to  the inherent uncertainty of production and cost estimates and the potential  for unexpected costs and expenses; (vii) risks related to future commodity  demand and price and foreign exchange rate fluctuations; (viii) the  uncertainty of profitability based upon the cyclical nature of the industry in  which the Company operates; (ix) risks related to failure to obtain adequate  financing on a timely basis and on acceptable terms or delays in obtaining  governmental approvals or in the completion of development or construction  activities; * risks related to environmental regulation and liability; (xi)  political and regulatory risks associated with mining and exploration; (xii)  risks related to the uncertain global economic environment; and (xiii) other  risks and uncertainties related to the Company's prospects, properties and  business strategy. Although the Company has attempted to identify important  factors that could cause actual results or events to differ materially from  those described in the forward-looking information, readers are cautioned that  this list is not exhaustive and there may be other factors that the Company  has not identified. Readers are cautioned not to place undue reliance on  forward-looking information contained in this press release. All  forward-looking information contained in this press release or incorporated by  reference herein is expressly qualified by this cautionary note.  Peter Secker, President and CEO (416) 361-2821  Olav Svela, Director, Investor Relations (416) 361-2821 or (416)  479-4355 or  emailosvela@canadalithium.com  Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020  or  emailcstewart@renmarkfinancial.com  Please visit the Canada Lithium website atwww.canadalithium.com or copy the  following link into your Web browser to view our Photo   Gallery:http://www.canadalithium.com/s/PhotoGallery.asp.  To view the flotation cells in operation, click on the following link :  https://www.youtube.com/watch?v=NF8rq7fDCaA&list=PLynMlmjnlYz7_nm41x28qKZuB5Rob FwYm   You can also follow us onFacebook andTwitter.  Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4  SOURCE: CANADA LITHIUM CORP.  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/December2012/20/c2460.html  CO: CANADA LITHIUM CORP. ST: Ontario NI: MNG FIELD