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
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 fields.
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.
SOURCE: Canada Lithium Corp.
For further information:
Peter Secker, CEO and Deputy Chairman (416) 361-2821
Olav Svela, Director, Investor Relations (416) 361-2821 or (416) 479-4355 or email firstname.lastname@example.org
Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020 or email email@example.com
Please visit the Canada Lithium website at www.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's Daily Planet program.
Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H 2Y4