Canada Lithium Mining News

Canada Lithium punished over bought-deal financing

Canada Lithium Corp shares were marked down more than 8% on Tuesday on massive volumes, after announcing bought-deal financing that investors thought were selling the company cheaply.

Press Release: Canada Lithium Announces Project Update

Mining operations continued at a reduced level and approximately 100,000 tonnes of ore remain on stockpile at the crusher.

Canada Lithium Signs Off-take Agreement with Marubeni for up to 5,000 tonnes per year of Lithium Carbonate

It has signed a three-year distributorship agreement with Marubeni Corporation, one of Japan's largest commodities trading companies.

Lithium demand on the rise

The U.S. decision last month to launch a Renewable Energy and Energy Efficiency Export initiative should turn out to be yet another boon for lithium producers, who are or will be trying to sell into a growing lithium ion battery market for technological and electric car uses.

Canada Lithium arranges $110-M toward Quebec project

Toronto's Canada Lithium is arranging a $110-million bought deal financing that is earmarked for partial development of its Quebec lithium mine 60 km north of Val d'Or, Canadian Mining Journal reports.