Canada Lithium Announces Water Discharge; Mine and Plant Commissioning
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TSX: CLQ; U.S. OTC: CLQMF
TORONTO, March 20, 2013 /CNW Telbec/ - Canada Lithium Corp. ("Canada Lithium"
or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) announced today that, on March
18, 2013, the Company became aware of a clear water discharge from a storage
cell within the tailings storage facility that held decanted water being used
for the process plant commissioning at its Québec Lithium Project near Val
d'Or. At no time were any tailings released into the environment and the
Company currently does not expect any delay in commissioning or increase in
capital costs relating to the event.
Upon becoming aware of the event, the Company notified the Québec Ministère
du Développement durable, de l'Environnement de la Faune et des Parcs
(MDDEFP) who attended on site to review the area where the water discharge
took place. Their preliminary assessment indicated that approximately 50,000
cubic metres of water were released. The Company was allowed to carry on
with the commissioning of its lithium carbonate processing plant and its use
of the remaining tailings cell; however, it will undertake an inspection and
provide a remedial action plan to the MDDEFP.
On March 19, 2013, in accordance with its standard practice of recording and
making public every environmental occurrence involving an on-site inspection,
the MDDEFP posted a release on its website and issued a news release
describing the event.
The Company intends to maintain regular communications with the MDDEFP over
the next few days and will proceed to excavate the area of the water discharge
and conduct an inspection with its geotechnical consultants and storage
facilities' liner contractors to remediate the cause of the water discharge.
The Company will continue to monitor the situation closely and is committed to
its ongoing approach to sustainable development and the prevention or
mitigation of the impact of its activities on the environment. The Company has
developed a number of practical programs for environmental management, which
include input from its local communities, as well as from experts in these
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.
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. 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. Some of these assumptions include, among other things, that the
remedial action plan proposed by the Company will be acceptable to the MDDEFP,
that the leak in the storage facility can be corrected in a timely manner and
without significant cost, that the MDDEFP will not impose any penalties or
fees in connection with the water discharge or that such fees will be minimal,
that further studies will confirm there has been no environmental damage and
that the MDDEFP will not request operations to be halted while the occurrence
is being further reviewed.
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. 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.
Peter Secker, CEO and Deputy Chairman (416) 361-2821
Olav Svela, Director, Investor Relations (416) 361-2821 or (416) 479-4355 or
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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-0- Mar/20/2013 11:30 GMT
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