Canada Lithium Granted up to $6.5 million for Lithium Metal Pilot Plant from Federal Sustainable Development Program

Canada Lithium Granted up to $6.5 million for Lithium Metal Pilot Plant from 
Federal Sustainable Development Program 
TSX: CLQ; U.S. OTC: CLQMF 
TORONTO, Feb. 15, 2013 /CNW Telbec/ - Canada Lithium Corp. (TSX: CLQ) (U.S. 
OTC: CLQMF) announced today that the Company has been selected to receive a 
grant of up to $6.5 million from the Government of Canada through 
Sustainable Development Technology Canada (SDTC). 
The grant was awarded to Canada Lithium to construct a pilot plant to test the 
viability of refining lithium metal from the Company's lithium products, soon 
to be produced from the new mine and process plant currently being 
commissioned near Val d'Or, Québec. 
"Our Government is doing its part to encourage innovation and the next wave of 
clean technologies to help protect our environment and create high-quality 
jobs," said the Honourable Joe Oliver, Canada's Minister of Natural Resources. 
"Investment in projects such as these demonstrates our leadership in driving a 
vibrant clean technology industry in Canada." 
"It is an honor to be chosen for the SDTC program, which funds projects aimed 
at creating jobs in Canada's dynamic cleantech sector," said Canada Lithium 
President and CEO Peter Secker. "It also fits well with our strategic goal to 
broaden our product offering, the core of which will be lithium carbonate, but 
with higher-value downstream products such as lithium hydroxide and lithium 
metal." 
"As a component of electric-vehicle batteries, lithium is in high demand 
worldwide and an important tool for the cleantech sector," said Dr. Vicky 
Sharpe, President and CEO of SDTC. "The technology being developed in this 
project has the potential to reduce total EV battery costs, thereby increasing 
the rate of EV up-take. This represents an exciting development for Canada's 
cleantech sector and an opportunity to reach markets overseas." 
Lithium metal is used as the cathode material for primary lithium batteries, 
lithium metal polymer batteries and in the newly developed lithium-air battery 
designs. In addition, it is increasingly used in aluminum alloys in aerospace 
applications and for the production of butyl lithium products. The current 
market price for 99.9% lithium metal is quoted at over $60,000 per tonne by 
Metal Prices (www.metalprices.com). 
The company is proposing to commence construction of a 200-tonne-per-annum 
pilot plant on the Québec Lithium site towards the end of Q3, 2013. The 
objective of the pilot plant is to produce battery-grade, 99.95% lithium metal 
for metallurgical acceptance testing in Québec and Asia. The production of 
lithium metal consumes significant quantities of electrical power; therefore, 
the location of a new plant in Québec relies upon utilising competitively 
priced electrical power from Hydro-Québec. If the pilot plant proves a 
success, Canada Lithium could potentially commence construction of a 
2,000-tonnne-per-annum lithium metal plant, perhaps as early as Q4, 2014. 
Canada Lithium is nearing the end of the commissioning phase of its 
$207-million open-pit mine and process plant. First shipment of lithium 
carbonate is anticipated at the end of March, 2013. The company has also 
completed designs for a lithium hydroxide circuit and sodium sulphate circuit 
at the plant. 
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. The Company trades 
under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF. 
About SDTC 
On behalf of the Government of Canada, Sustainable Development Technology 
Canada (SDTC) helps commercialize Canadian clean technologies, readying them 
for growth and export markets. With a portfolio of companies under 
management valued at more than $2B, SDTC is demonstrating that cleantech is a 
driver of jobs, productivity and economic prosperity. SDTC operates two funds 
aimed at the development and demonstration of innovative technological 
solutions. The $590 million SD Tech Fund™ supports projects that address 
climate change, air quality, clean water, and clean soil. The $500 million 
NextGen Biofuels Fund™ supports the establishment of first-of-kind large 
demonstration-scale facilities for the production of next-generation renewable 
fuels. 
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. You can also follow 
us on Facebook and Twitter.On our Home Page,  there is also a link to a 
recent video that aired on Discovery  Channel'sDaily Planet program. 
Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4 
SOURCE: Canada Lithium Corp. 
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CO: Canada Lithium Corp.
ST: Ontario
NI: MNG LOAN MNA  
-0- Feb/15/2013 15:09 GMT
 
 
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