TSX: CLQ; U.S. OTCQX: CLQMF
TORONTO, May 31, 2012 /CNW/ - Canada Lithium Corp. (TSX: CLQ) (OTCQX: CLQMF) announced today the appointments of Yves Desrosiers as General Manager and Joël Gagnon as Process Plant Manager of the Québec Lithium mine and processing plant under construction near Val d'Or, Québec. Mr. Desrosiers assumes operations responsibility for the entire mine and process plant, which enters the commissioning phase later this year.
Mr. Desrosiers most recently was Assistant General Manager for ArcelorMittal's 1,100-employee Mont Wright iron ore complex in northern Québec, an open-pit mine that supplies as much as 40% of Canada's iron ore production. Mr. Desrosiers managed key facets of ArcelorMittal's mining operation, including mine production, mine engineering and maintenance oversight of the large mobile equipment fleet.
During his career with Arcelor Mittal, Mr. Desrosiers was previously Mining Manager, Plant Manager and Kiln Coordinator. Earlier, he worked as Plant Superintendent for a graphite mine and as metallurgist for gold plant operations in Abitibi.
The veteran mine manager holds a Bachelor of Materials and Metallurgical Engineering, Université Laval, Sainte-Foy, (Québec).
"We were seeking a general manager with across-the-board operating experience, from mining through to the finished marketable product. Mr. Desrosiers more than qualifies in every respect," said Canada Lithium Chief Operating Officer Charles Taschereau.
Mr. Gagnon was most recently Plant Manager of IAMGOLD's Essakane mine in Burkina Faso and, prior to that, Plant General Superintendent of Semafo's Samira Hill operation in Niger. Mr. Gagnon brings over 25 years of experience in operation, maintenance and optimization of mineral processing plants. In total, he has been involved, or in charge of, six process plant start-ups, several of which were in northern Quebec.
At full production, the Québec Lithium mine and plant is anticipated to have close to 200 employees.
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. The Company is in the midst of building an open-pit mine and processing plant on-site with capacity to produce approximately 20,000 tonnes per year of battery-grade lithium carbonate annually. Metallurgical tests have produced battery-grade lithium carbonate samples. 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 applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on reasonable assumptions that have been made by the Corporation as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws.
For further information:
Peter Secker, President and CEO (416) 361-2821
Olav Svela, Director, Investor Relations (416) 361-2821 or (416) 479-4355 or email email@example.com
Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020 or email firstname.lastname@example.org
Please visit the Canada Lithium website at www.canadalithium.com. For the latest news on the growing demand for lithium-ion batteries for electric and hybrid vehicles and electrical grid-storage solutions, click on "Latest News on Electric Vehicles" on the Home Page.
The Company's corporate office is at 401 Bay Street, Suite 2010, P.O. Box 118, Toronto, ON, M5H 2Y4