Yes, their lithium project is on schedule, unless the new Quebec Parliament slows the environmental clearances.
YOU've seen last onth's news :
"TORONTO, Aug. 23, 2012 /CNW/ - Canada Lithium Corp. ("Canada Lithium" or the "Company") (TSX: CLQ) (OTCQX: CLQMF) announced today that it continues
to advance its Québec Lithium Project near Val d'Or. All major process equipment, such as secondary crusher, fine ore bin, grinding circuit, flotation cells and
electrical sub-station, have now been installed. The hydrometallurgical kiln, a key process component that initiates conversion of low-value spodumene to highervalue
lithium carbonate, is being assembled and should be secured on its concrete foundation in the coming weeks.
High voltage transformers and switchgear have been installed and are expected to be operational by late September when Hydro Québec is scheduled to
complete a high-voltage line on-site. Pre-stripping of the deposit is scheduled to commence following receipt of final provincial environmental approvals. The project
remains on track for year-end commissioning of the spodumene circuit and first lithium carbonate shipments in March 2013.
The Company also notes that the lithium market, driven by demand growth in all three market segments (consumer electronics, electric/hybrid cars and grid
storage) over the past year, has demonstrated considerable strength in terms of both pricing and demand for battery-grade material. The current China spot
pricing for battery-grade lithium carbonate as shown on the Asia Metals web site ( www.asiametals.com ) is within the range of 40 - 42 RMB/kg ($US6,290 -
$US6,600/tonne at a RMB/$US exchange rate of 6.35)..."
g.p.
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