Canada Lithium Announces Results of Water Discharge Tests; Metal Levels Within
Acceptable Concentration Levels
TSX: CLQ; U.S. OTC: CLQMF
TORONTO, March 27, 2013 /CNW Telbec/ - Canada Lithium Corp. ("Canada Lithium"
or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) announced today that assay
evaluation of the recent water discharge from the process-water cell in its
Tailings Management Facility (TMF) has confirmed that all assays and tests on
the discharge water indicate metal levels were within acceptable levels of
discharge into the environment.
The Company also reported that discharge-water samples containing suspended
solids, which were above normal levels, were also tested for potential
toxicity to fish populations, specifically rainbow trout. These tests proved
negative as well.
In a press release dated March 20, Canada Lithium reported that it had
notified the Québec Ministère du Développement durable, de l'Environnement
de la Faune et des Parcs (MDDEFP) of the water discharge from a cell in its
TMF on March 19. The MDDEFP's preliminary assessment indicated that
approximately 50,000 cubic metres of water were released, and the Company was
allowed to carry on with the commissioning of its lithium carbonate processing
plant and its use of the remaining tailings cell.
The initial evaluation of the source of the leak has identified a
50-centimetre-long tear along the southern wall of the geo-membrane.
Specialists from Golder Associates, the geotechnical consultant for the TMF,
and personnel from the MDDEFP have been on-site to inspect the tear. Golder
personnel will remain on-site as remediation efforts begin and, as previously
indicated, the Company will provide a remedial action plan to the MDDEFP.
The Company is currently installing a water treatment system to insure that,
while repairs are under way, water accumulations from melting ice and snow in
the pond will be filtered for suspended solids.
As noted previously, the Company does not expect any delay in commissioning or
increase in capital costs relating to the event.
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
Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020 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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