Canada Lithium Announces C$75-million Debt and US$17-million Mine Fleet Financing; Project Construction on Schedule
Canada Lithium Corp. (TSX: CLQ) (OTCQX: CLQMF) is pleased to announce that The Bank of Nova Scotia (“Scotiabank”) and Caterpillar Financial (“CAT”) have provided credit-approved commitments to Canada Lithium Corp. to provide a C$75-million, five-year debt facility to finance Canada Lithium’s Québec Lithium open pit mine and process plant near Val d’Or, Québec.
Canada Lithium Corp. (TSX: CLQ; U.S. OTC: CLQMF) announced today the results of the updated feasibility study for the development of a mine and lithium carbonate processing facility at its Québec Lithium Project near Val d’Or, Québec. A National Instrument 43-101 compliant technical report respecting the updated feasibility study will be filed on SEDAR within 14 days. The June technical report will replace the technical report dated January 5, 2011, that was prepared in respect of a feasibility study for the project that was completed in December, 2010.
Canada Lithium Corp. (TSX: CLQ; OTCQX: CLQMF) announced Monday that it has received a construction permit from the Municipality of La Corne, Que., for construction of surface service infrastructure at its Québec Lithium Project. Image by Canada Lithium Corp.