Canada Lithium Corp fka CLQ

[Lingcodslayer]

$clq quiet here , bought back in @.38.5 on the way back up imo

[Lingcodslayer]

Compare Canadian lithium to any other company around the world any mine producing 20,000 tons per year is automatically worth over two dollars a share

[Lingcodslayer]

They had a pile of ore already waiting for when they Commission the mine in December and there already producing lithium already

[Lingcodslayer]

They are to have a small shipment at the end of march .imo I think the latest fall in price is common for a stock that is about to jump up .this company won a award for best business in 2011.they have kept all schedules ,and give me no reason to doubt them . The price is a deal right now.im selling other stock to buy this one

[Ace Trader]

Agreed! Yep I'm a bit behind with the operations. Good that they started mining. When it warns up more they will ramp up mining I'm sure. Come summer they will be in full swing

[Lingcodslayer]

There already mining ,should have production result this month,also a quartarly,they have kept ther debt down the stock has fallen of late but I sold high and bought back in .imo it will double or triple this year . Short term climb back to dollar

[Ace Trader]

I've been watching this for a year. slow moving forward but there nearly finished with there construction and the mine. Predicted to start mining this year!

[Lingcodslayer]

clq will double or tripel this yesr go long .the canasdian gov like this one so should u

[Lingcodslayer]

clq will go higher production news and first quarter report it will be a big bounce

[Lingcodslayer]

clq will go higher production news and first quarter report it will be a big bounce

[snow54]

Looks like we are on our way broke .90 need a Big run like LTUM n LEXG Also GERFF needs a Big Bump today!!

[snow54]

Wait till Lithium Prices Spike in 2013 and CLQ will as well! Checkout their Home Page the Lithium Plant is 2nd to none. I see them prcessing for other mining companies JMO

[InvestorSuisse]

Looking for the next leg up headed into 2013

[InvestorSuisse]

Great news today, just what we were waiting for

Now that mining has began we can finally start our revenue stream.

Note: A five-year offtake agreement for a minimum of 12,000 tonnes per year was recently signed with Tewoo-ERDC, one of China’s largest commodities traders.

[InvestorSuisse]

Looking good over here, BullQuake sent out a long term research report on this one last night. Theres a ton of great dd surrounding this company! Looks like we have another gem of a stock on our hands.

[Ace Trader]

Good DD. This will be worth a hell of a lot more once they start production.

[adstet]

CLQ.TO has been showing support around 0.63 and resistance in the 0.74 price range. It is rated a buy with the 0.86 target price in six months.

Check here:
'http://canada.stoxline.com/q_ca.php?s=clq.to'

[Ace Trader]

Awesome DD well done ! I'm out right now but sitting in the sidelines with a couple of bets. L3 and Canada Lithium will be movers in 2013

[canucklehead80]

Home Grown
Canada Lithium Will Produce Hard-Rock Lithium in March 2013
Kevin Michael Grace

October 24, 2012 - Peter Secker has been vindicated. The President/CEO of Canada Lithium Corp T.CLQ has seen his once-shaky Quebec Lithium Project proved viable. And this has in turn proved the viability of an alternative to brine lithium. “Up until now,” he says, “they had always said that hard-rock lithium was not economic. So it’s very interesting to see Rockwood just paid $724 millionto buy a hard-rock producer in Australia. So that must mean it’s not as bad as everybody said it was.”

The Quebec Lithium Project, scheduled to begin production March 2013, comprises 405 hectares 60 kilometres north of Val d’Or. According to an October 11 feasibility study, it contains (at a 0.8% lithium oxide cutoff) 33.2 million tonnes grading 1.19% measured and indicated and 13.8 million tonnes grading 1.21% inferred.

Read more about Canada Lithium and their Quebec play here. http://resourceswire.com/2012/10/home-grown/

[geopic]

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.

[Ace Trader]

This company has been quiet. Seems they are slowly moving forward with there Lithium plant in Quebec.

Share structure looks good.

[geopic]

CLQ is the only one, for now, as far as I know.
GER is thinking seriously of a imilar plant (much smaller scale) but nothing definite.
MHI:"MHI is engaged in the acquisition and exploration of natural resource properties. The Company’s main focus areas are lithium exploration in Québec and gold in northern British Columbia and Nevada County, California, US." With just over 10M shares O/S as of end of August. No plan...
g.p.

[snow54]

Are there any existing plants in Clq's area or are we the only show in town?

[snow54]

Do they process their own Lithium or will they use CLQ Plant?

[geopic]

Not sure what you want answered but:
GER (Glen Eagle) has lots of Lithium just about next to CLQ; MHI (Mineral Hill Industries) is another in the vicinity, but with a slightly less % and reserves.

Being long on CLQ, imo, should prove profitable.

GLTY,

g.p.

[snow54]

What other company? Long Clq Thank You

[geopic]

Right now, GER is trading at around .20.
The CEO has maintained the O/S as low as possible.
If I recall right, it did a RS way back in the diamond time, a one for 6... not a wash rince and repeat.
One concern in Quebec, is the environmentalists. QC used to be tops but now, a few other provinces (& territories) are passing QC.
Not too many 'chills' here in Canada.
g.p.

[Ace Trader]

Thanks, is GER still trading or on the chill list. How many times if any has it done the rinse cycle eg. Increased shares then RS.

Interesting that there's good lithium reserves in Canada. It's been quiet. All eyes on chile but Canada might be the best kept secret hmmmm
Thanks

[geopic]

The other jr is GER (Glen Eagle Res).
At the moment, it is priced (IMO, of course,) very low. It has the cash and is thinking of doing something similar to CLQ.
Both are at good location (major roads).
As for JV or buyout, I thought there was a possibility after CLQ re-stated its 43-101. Imo, again, not as much, anymore.
While you're at it, check MHI. I think they also have claims in the area with lithium content almost as high as GER.
g.p.
Note: I have been a shareholder of GER for years (old names: Temoris; Oasis Diamonds...)

[Ace Trader]

Well it's full steam ahead! This junior play you speak of? Could it come into play as a possible JV or merger after they get up and running? What's the ticker so I can check it out if you don't mind.

[geopic]

Too funny? Maybe; more of a coincidence eh?
Yes, CLQ seems to be on schedule to open in 2013.
The set back was more on the share price as it slumped on
the news and the class lawsuit (Apr '11).
I have just a few shares, here, but hold more of another junior, just a few kilometers away with good lithium reserves. Not surprised by the go ahead and on schedule report.
CLQ should be good to hold...
g.p.

[Ace Trader]

It's a nice read. To funny I was just reading this yesterday. I posted some of it on another board. Good to see they are moving ahead with the project.

[canucklehead80]

Just As The Name Has It
Canada Lithium Will Be Canada’s Sole Producer By 2013
By Ted Niles

Today it is on track to become this country’s sole lithium producer, but this time last year things looked grim for Canada Lithium Corp TSX:CLQ. An internal review of the October 2010 NI 43-101 technical report for the company’s Quebec Lithium project indicated “a material reduction” in the project’s resources, and the company announced February 2011 it had hired Roscoe Postle and Associates to conduct an independent review. News of the apparent error—confirmed May 2011 in a 37% reduction to the measured and indicated resources—sent the company’s share price plummeting. And a $50-million class-action lawsuit by shareholders in April didn’t help.

But while the loss of a chunk of its resource was a blow to the company, it still wasn’t enough to slow the project down. The results of its June 2011 feasibility study confirmed Quebec Lithium’s essentials were largely intact. Projected annual production of 20,000-tonnes lithium carbonate remained unchanged, as did the estimated life-of-mine—indeed it was fractionally increased to 14.9 years from 14.8 years. The project’s pretax net present value decreased from $270 million to $190 million as a consequence of higher stripping ratios, increased dilution and ore loss, and its internal rate of return decreased from 24% to 22%. But due to a lower mineral reserve grade (0.94% Li2O from 1.17% Li20), the project’s proven and probable reserves actually saw an increase of roughly 1.5 million tonnes for a total of 17.1 million. Capital costs increased from $202 million to $207 million.

Read the rest of this article. http://resourceclips.com/2012/03/19/just-as-the-name-has-it/

[Ace Trader]

Chile proposes idea to Codelco, but mining company remains skeptical about investment.

The government has proposed a partnership with Codelco to invest in lithium, which has been heralded as one of the most important minerals in the global economy with huge potential.

The salt flats of Atacama (Photo by Ferrando/Flickr)

Chile possesses 40 percent of the entire global resource that can be used in technology from rechargeable batteries to satellites, according to a recent study, and the government is eager to take advantage of it.

Mining Subsecretary Pablo Wagner told La Tercera that the government has been discussing ways to exploit the metallic salt for two years.

“The possibility to associate or create a joint venture can open many opportunities with a natural resource that is readily available,” Wagner said.

Codelco, however, does not have lithium as a priority. Chief Executive Diego Hernández said the company has been constantly looking at new markets and businesses, including lithium, but it was not within their strategic policies for 2012.

He added that one of the reasons is because the turnover for lithium would not be as high as they would like.

“The global market for lithium is less than US$1 billion per year,” Hernández said.

In late 2009, Codelco commissioned a prospective study of the Pedernales, a salt flat in the Atacama Desert, but Hernandez said that the study, which was done in 2011, did not give the results they were hoping for.

“However, Codelco is open to discuss and analyze different business ventures with the government,”
Hernández said.

By Jade Hobman ([e-mail])
Copyright 2011 – The Santiago Times
Add comment

[Ace Trader]

TSX: CLQ; U.S. OTC: CLQMF
TORONTO, Jan. 19, 2012 /CNW/ - Canada Lithium Corp. (TSX: CLQ.TO - News) (OTCQX: CLQMF.PK - News) announced today it has filed a Technical Report compliant with National Instrument 43-101 in respect of the updated Mineral Resource estimate reported by press release December 6, 2011. The report, prepared by AMC Mining Consultants, will be posted on SEDAR and will also be available on the Company's website.
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 of battery-grade lithium carbonate per annum. 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.
Contacts
Peter Secker
President and CEO [phone]

[Ace Trader]

TORONTO, /CNW/ - Canada Lithium Corp. (TSX: CLQ.TO - News) (OTCQX: CLQMF.PK - News) announced today an updated National Instrument 43-101 ("NI 43-101") compliant Mineral Resource estimate for the Québec Lithium Project that indicates Total Measured and Indicated Mineral Resources have increased to 33.2 million tonnes grading 1.19% lithium oxide.
The updated Mineral Resource estimate prepared by AMC Mining Consultants ("AMC") incorporates results of the latest 56-hole, 10,300-metre drill program undertaken between June and August 2011. Table 1 below shows the updated Mineral Resource estimate for the Québec Lithium Project, reported by category, using a 0.8% Li2O cut-off grade, the same cut-off used previously by the Company and AMC for the delineation of Mineral Resources.
Table 1: Mineral Resources by Category (0.8% Li2O cut-offs)
AMC December 2011
Category Tonnes Li2O %
Measured (M) 6,914,000 1.18
Indicated (I) 26,325,000 1.19
Total M+I 33,239,000 1.19
Inferred 13,757,000 1.21
(Mineral resources that are not mineral reserves do not have demonstrated economic viability. Tonnes rounded to the nearest thousand.)
The tables below show AMC's updated estimates of Mineral Resources over a range of cut-off grades, with the preferred 0.8% cut-off estimate in bold.
Table 2a: Measured and Indicated Mineral Resources (December 2011)
Measured (M) Indicated (I) Total (M+I)
Cut-off (%) Tonnes Li2O % Tonnes Li2O % Tonnes Li2O %
0.0 9,711,000 0.98 45,920,000 0.89 55,632,000 0.90
0.6 8,028,000 1.11 33,527,000 1.09 41,556,000 1.09
0.8 6,914,000 1.18 26,325,000 1.19 33,239,000 1.19
1.0 5,356,000 1.25 18,511,000 1.31 23,867,000 1.30
(Tonnes rounded to the nearest thousand.)
The Company notes that the Measured plus Indicated Mineral Resources at a 0.6% Li2O cut-off are approximately 41.6 million tonnes at a grade of 1.09% Li2O (Table 2a). The cut-off grade used in the June 2011 Mineral Reserve modelling was 0.6% Li2O.
Table 2b: Inferred Mineral Resources (December 2011)
Inferred
Cut-off (%) Tonnes Li2O %
0.0 22,368,000 0.95
0.6 17,766,000 1.10
0.8 13,757,000 1.21
1.0 8,845,000 1.38
(Tonnes rounded to the nearest thousand. All AMC resource figures, other than those in the October 28, 2010 report in Table 3 below, are constrained by a pit shell.)
As noted previously, the drill program included both step-out and in-fill drilling with the aim of increasing the mineral resource, which has been achieved, and potentially lowering the strip ratio.
The Company will file a NI 43-101 compliant Mineral Resource estimate technical report within 45 days of this press release. The report, which will include all drill results from the latest program undertaken this past summer, will be posted on the Company's website following the filing.
Mineral Resources Update
During the period June to August 2011, the Company completed approximately 56 exploration drill holes, comprising some 10,300 metres of drilling, at the Québec Lithium Project. The purpose of the drilling program was to infill the resource within the current pit design and also to extend the ore zones along strike and at depth. This drilling was carried out to complement previous drilling programs completed in 2009 and 2010. By way of background, on February 28, 2011 the company announced the appointment of Roscoe, Postle & Associates ("RPA") to undertake a preliminary independent review of the previous October 28, 2010 Mineral Resource estimate. On March 16, 2011, the Company announced that RPA had confirmed there were significant issues with the geological modelling that had produced the Mineral Resource estimate announced on October 28, 2010. The Company subsequently appointed AMC to independently conduct a Mineral Resource estimate for the Project and expeditiously prepare a new technical report compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The initial AMC Mineral Resource estimate was released May 16, 2011 and the technical report was released June 10, 2011.
The December 2011 AMC Mineral Resource estimate updates all previous estimates, which are shown in Table 3, below:
Table 3: Summary of Mineral Resources Reported by Category (0.8% Li2O cut-off)
AMC December 2011 AMC May 2011 October 2010
Category Tonnes Li2O % Tonnes Li2O % Tonnes Li2O %
Measured (M) 6,914,000 1.18 6,101,000 1.16 5,654,000 1.15
Indicated (I) 26,325,000 1.19 23,194,000 1.20 41,015,000 1.20
Total M+I 33,239,000 1.19 29,295,000 1.19 46,669,000 1.19
Inferred 13,757,000 1.21 20,935,000 1.15 57,581,000 1.18
(Tonnes rounded to the nearest thousand. Both AMC resource figures are constrained by a pit shell while the October 2010 figures are not.)
The new Mineral Resource estimate will be incorporated into a new mining plan with the intention of optimising the strip ratio during the first five years of the mining operation. This work will be carried out during 2012.
The AMC Mineral Resource estimates (designated AMC December 2011 and AMC May 2011 in the table above) were prepared by Dinara Nussipakynova, P.Geo, Senior Geologist, AMC, under the supervision of J. Morton Shannon, P.Geo., Geology Group Manager and Principal Geologist, AMC. Ms. Nussipakynova and Mr. Shannon are independent Qualified Persons as defined by NI 43-101. Mr. Shannon has read and approved the contents of this press release.
Mitch Lavery, P.Geo., is the Qualified Person for the Québec Lithium Project in accordance with NI 43-101. Mr. Lavery has read and approved the contents of this press release.
The Measured, Indicated and Inferred Mineral Resource estimates in this press release were prepared in accordance with the CIM "Definition Standards on Mineral Resources and Mineral Reserves" adopted by the CIM Council on December 11, 2005, and the CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines," adopted by CIM Council on November 23, 2003, in compliance with NI 43-101 guidelines.
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 plans to build an open-pit mine and processing plant on-site with capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate. 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.
Contacts
Peter Secker
President and CEO [phone]
Olav Svela
Director
Investor Relations [phone] or [phone] or email [e-mail]
Christine Stewart
Renmark Financial Communications Inc. [phone] or email [e-mail]
Please visit the Canada Lithium website at www.canadalithium.com.
Corporate Office: 401 Bay Street
Suite 2010
P.O. Box 118
Toronto
ON
M5H 2Y4

[Ace Trader]

Canada Lithium gets C$75m loan
COMMENT PRINT EMAIL |

By: Matthew Hill
13th February 2012
Updated 3 hours ago
TEXT SIZE
TORONTO (miningweekly.com) – Canada Lithium Corp’s stock rose by over 8% on Monday morning, after the company, which is building a mine in Quebec, said it secured a C$75-million loan to advance the project.

Scotiabank and Caterpillar Financial Services are providing the loan, and Investissement Québec, the province’s economic development agency, has agreed to partially guarantee the financing.

Further, Cat Financial has agreed to provide up to $17-million in lease financing for the mobile mining equipment at Canada Lithium’s mine, located near Val d'Or.

At the start of February, the company had C$100-million in the bank.

It started building the $207-million Quebec lithium mine in August last year, and has completed 75% of the process plant’s construction, with commissioning set for late 2012.

The some C$92-million in funding the company unveiled on Monday, coupled with the C$26-million it has already spent on the mine, and the money in the bank, leaves Canada Lithium with about C$4-million more than the anticipated capital cost of the mine.

Given the cost inflation that has forced many mining companies to hike their capital estimates a number of times, the funding situation for Canada Lithium might get too close for comfort.

CEO Peter Secker won’t confirm whether or not the company aims to raise more money, only saying in an interview “we monitor our cash on a weekly basis, and at the moment we’re looking good.”

TSX-listed Canada Lithium is in advanced talks with potential customers for off take agreements, and the company might receive what he calls “pre-off-take payments”, where by customers would pay a small amount up front, and the rest on delivery of the product.

Secker said the company also discussed potential partnerships with the companies.

Canada Lithium currently plans to produce 20 000 t/y of lithium carbonate, as well as around 20 000 t/y of spodumene – a rawer type of lithium concentrate.

In an earlier presentation, Secker outlined how the company was also investigating the viability of building a lithium hydroxide plant and a lithium metal plant in Quebec, which would produce higher value products.

For example, spodumene sells for between $400/t and $500/t, while lithium carbonate is worth $6 300/t to $6 400/t. Pure lithium metal, meanwhile, is worth around $60 00/t.

“Tertiary processing is the way we would like to go,” said Secker.

Canada Lithium chairperson Kerry Knoll showed in a presentation how three large producers currently account for more than 80% of global lithium supply, operating out of Chile, Argentina and Australia.

China is also a major producer, accounting for around 11% of world supplies.

Knoll said that demand from sectors including electric vehicles, electricity grid stabilisation, and backup power, were set to grow significantly over the next few years, particularly in Asia.

TSX-listed Talison Metals, which owns a mine in Australia, is the biggest lithium producer, but currently only produces the metal in concentrate. Last week, it said it selected the Kwinana industrial area in Western Australia to host its planned lithium carbonate plant.

Shares in Canada Lithium climbed 8.7% to close the day at C$0.75.

[Ace Trader]

Hello everyone! I've been watching this company and popping in every so often to read updates and posts but never posted. I'm a mod on another Lithium board and a mod on a couple of others. I like to put imput into everything I do and I think becoming the mod on this board I can keep it up dated and current. So if no one minds I'd like to become the new mod.

Nemo out !

[geopic]

There are no moderators, here, at the moment, so
There is no way to find out who posted, recently.
CLQ remains an intermediate investment, for me, but my
SP average is about 50% above current price.
g.p.

[geopic]

Mid-May report:

MINERAL RESOURCES REPORTED BY CLASS
(0.8-per-cent Li2O cut-off)

AMC----- AMC --Oct. 28, 2010,-- Oct. 28, 2010,
Classification estimate estimate estimate estimate
(tonnes) grade (% Li2O) tonnes) grade (% Li2O)

Measured (M)------6,101,000----1.16-----5,654,000----1.15
Indicated (I)------23,194,000----1.20----41,015,000----1.20
Total M+I----------29,295,000----1.19----46,669,000----1.19
Inferred-----------20,935,000----1.15----57,581,000----1.18

As you can see, measured estimate did not change much but indicated and inferred combined: drop of over 50%.

Could be a while to recuperate...

g.p.

[geopic]

The week is over and Canada Lithium has recuperated some.
Now, the review due in mid-May might not be as bad as some are expecting...
g.p.

[fanjerseys]

well one can only hope

[geopic]

The drop, today, is due to a class action just handed out.
JMHO but I tend to agree with Management that the action does not stand much of a chance as I feel Canada Lithium did act properly.
g.p.

[geopic]

The new 43-101 will not be ready for another 8 weeks or so.
Canada Lithium expect all data will be somewhat less.
That explains this drop to about .70, however, should the results not be far off, this could be over a dollar again.
Time will tell.
g.p.

[geopic]

CLQ is on the TSX (TO Toronto) and not anymore on the TSX Venture.
In the year since last post, CLQ has raised funds to start a Lithium mine (QC) and the plan was to be in production by end of next year. Construction to start in May.
The shares reached over $2.00 but recently, Canada Lithium announced a revision of the 43-101 which might show less content than expected, meaning that the mine life could be shorter than 14 years.

Shares dropped by half on the news and seem to have stabilized around .80 to .85.
CLQ has a few neighbors also with proven Lithium.

Worth a check next week as the result of that revision should be ready.

As ever, due diligence...

g.p.

[FanPaw]

BNN interviews Peter Secker, CEO, Canada Lithium Corp. on March 12th, 2010 - Squeeze Play 5:20 p.m.

http://watch.bnn.ca/#clip275953

[nlightn]

thanks ,...great article.

[daytrader2008]

The Lithium Chase

BY CLIFFORD KRAUSS


For many years, few metals drew bigger yawns from mining executives than lithium, a lightweight element long associated mostly with mood-stabilizing drugs.
Enlarge This Image
Noah Friedman-Rudovsky/Bloomberg

An engineer for the Bolivian government’s pilot plant for lithium production inspects an evaporating pool designed to isolate lithium at the Uyuni Salt Flat in Bolivia.
Green Inc.

A blog about energy, the environment and the bottom line.
Go to Blog

Suddenly, the yawns are being replaced by eurekas. As awareness spreads that lithium is a crucial ingredient for hybrid and electric cars, a global hunt is under way for new supplies of the metal.

Toyota Tsusho, the material supplier for the big Japanese automaker, announced a joint venture in January with the Australian miner Orocobre to develop a $100 million lithium project in Argentina. That deal came only days after Magna International, the Canadian car parts company that is helping develop a battery-powered version of the Ford Focus, announced that it was investing $10 million in a small Canadian lithium firm that also has projects in Argentina.

They were the latest in a series of deals and projects announced over the last year, reflecting a new urgency among companies to assure themselves future supplies of the metal.

“There is a sea change under way,” James D. Calaway, the chairman of Orocobre, said. “We are at the front end potentially of a very significant increase in the demand for lithium for the emerging electric transportation sector.”

Mr. Calaway added, however, that the timing of any increase in lithium supply and demand was difficult to predict in large part because electric cars had yet to take off in any big way.

About 60 mining companies have begun feasibility studies in Argentina, Serbia and Nevada that could potentially lead to more than $1 billion in new lithium projects in the next several years, while dozens of smaller projects are being proposed in China, Finland, Mexico and Canada.

The companies are competing for construction financing, and the future of most of the projects will depend on how popular electric cars eventually become. That is an open question since batteries remain expensive, recharging stations need to be developed, and consumer taste for cars that depend on regular stops at electric outlets remains untested.

“It’s moving so fast,” said Edward R. Anderson, president of TRU Group, a consultancy firm that specializes in the lithium industry. “There are a lot of people throwing money into this, and a lot of people are going to lose their money.”

In the meantime the four biggest current producers, which mine and otherwise gather lithium in Chile, Argentina and Australia, say they are planning to expand long-running projects as future demand warrants.

In Bolivia, which has almost half of the world’s reserves, the leftist government is building a pilot production plant and is drilling exploratory holes. That Bolivia is a remote, unstable country often hostile to foreign investment has helped spur interest in producing lithium in neighboring Argentina and Chile, in Australia, and in the United States. Several Canadian and American companies are making claims about future production prospects in Nevada, though few analysts foresee large-scale production from that state.

While most experts are skeptical that meaningful amounts of lithium can be produced domestically, they maintain that adequate supplies will be available from sources outside of Bolivia for many years to come and note that the biggest producer, Chile, is a dependable American ally.

Most of the lithium market serves a variety of industrial applications. About a quarter of all lithium produced is used for energy storage, in everything from cellphones to laptop computers to digital cameras.

That proportion stands to increase sharply if battery-powered cars take off. Lithium-ion batteries are the favored battery type for electric and hybrid vehicles because they carry more energy with less weight than other materials and because they lose their charge more slowly. They store about three times as much as energy per pound as a nickel-metal hybrid battery.

Lithium is found in trace amounts in many places, but it is being produced commercially mainly by two methods. One is through mining and processing, a relatively expensive method that produces the metal mostly for glass, ceramics and the manufacturing of television tubes.

The more economical and significant method is through evaporation of lithium-containing brines, mostly in salt flats in the highland areas in South America and western China. Lithium reservoirs have been formed over millions of years in highland bowls, after rivers and hot springs washed over lithium-laden rocks and leached the mineral from them. Producers drill wells into the salt flats and pump the brine into evaporation ponds. With the removal of water, the lithium content in the brine increases to a level where it can be collected and shipped to a chemical plant for processing.

The industry leader in this method of production is Sociedad Química y Minera, a Chilean fertilizer company in which the Potash Corporation, a Canadian fertilizer giant, holds a major stake. The other important producers in Latin America include FMC Corporation and Chemetall, a subsidiary of Rockwood Holdings, which also operates a small brine reserve in Nevada.

Recycling of lithium from used batteries could become an important source, in which case “the demand for virgin material would be reduced,” said R. Keith Evans, a geologist who serves as a consultant to lithium producers. Up to 50 percent of the lithium in used batteries may be recycled in the future.

But Mr. Evans added, “The big question is the timing of demand. Are you going to build a plant before a market has developed?”

By the standards of traditional gold and copper booms, the increase in interest in lithium is still muted among big mining companies. Supplies of lithium are plentiful for now, and the price of lithium chemicals actually declined at the end of last year because of the economic slowdown. The price for lithium carbonate, the basic lithium compound used in batteries, had been around $5,000 a ton for the last five years or so, and has leveled at about $4,000 since October.

But with several major auto companies promising to market electric cars around the world over the next few years, demand may be poised to increase. Nissan will introduce the Leaf, a five-passenger electric car, and General Motors will be introduce the Chevrolet Volt, a plug-in hybrid, within the next year.

“We believe that demand is slated to rise dramatically,” according to a recent report by the investment adviser Byron Capital Markets, predicting a 40 percent increase in demand for lithium from 2009 to 2014. Credit Suisse, in a recent report, predicted a 10.3 percent annual growth in demand for lithium between 2009 and 2020.

“You could probably go further out than that and see similar growth rates,” John P. McNulty, a co-author of the Credit Suisse report, said. “It’s going to be a big industry.”

[nlightn]

Canada Lithium Completes 43-101 Resource Estimate
March 4, 2010, 4:21 pm EST

Canada Lithium Corp. (TSXV: CLQ) announced today that its 100%-owned Quebec Lithium Project contains a measured and indicated mineral resource of 31.6 million tonnes grading 1.11% Li2O, with an additional 38.9 million tonnes grading 1.12% Li2O classified as an inferred mineral resource.

This is well in excess of both the previously announced original "historical" estimate of approximately 15 million tonnes grading 1.14% Li2O and the conceptual target of approximately 29-30 million tonnes grading between 1.1% and 1.2% Li2O.

"In less than two years we have advanced the Quebec Lithium deposit into a project that could potentially sustain battery-grade lithium carbonate production, of some 40 million pounds annually, for a period in excess of 30 years," said Peter Secker, Canada Lithium President and CEO.

The resource estimate undertaken by Caracle Creek International Consulting Inc. (CCIC) used all data available from the historic exploration and mining, as well as the results from the 2009 drill program to complete a detailed 3D geological model of the spodumene-bearing dykes using Surpac (v6.1.3). Data was drawn from a total of 506 drill holes (39 from the 2009 program, and 410 and 57 historic underground and surface drill holes, respectively).

A summary of the mineral resource estimate is presented below.


Quebec Lithium Project - Mineral Resources Reported by Class
------------------------------------------------------------
(0.8% Li2O cut-off)
-------------------
-------------------------------------------------------------------------
Classification Tonnes Grade
(000's)(x) (% Li2O)
-------------------------------------------------------------------------
Measured (M) 6,896 1.10
-------------------------------------------------------------------------
Indicated (I) 24,740 1.11
-------------------------------------------------------------------------
Total M + I 31,635 1.11
-------------------------------------------------------------------------

-------------------------------------------------------------------------
Total Inferred 38,940 1.12
-------------------------------------------------------------------------
(x) Rounded to the nearest thousand; total inferred mineral resource is
exclusive of total measured and indicated mineral resources



The resource comprises a series of parallel, steeply dipping
spodumene-bearing pegmatite dykes. The surface extent of the resource as
outlined by CCIC is approximately 1 km long on a northwest-southeast axis and
550 metres wide. Recent drilling has demonstrated that mineralization
continues to depths of at least 430m. The deposit is amenable to open-pit
mining.

The Company anticipates its engineering consultant, BBA of Montreal, will complete a Pre-Feasibility Study (PFS) before the end of the current month. The Pre-Feasibility Study is examining the economics of reopening this historic mine as an open pit, mining approximately 2,900 tonnes per day and processing the ore into approximately 40 million lbs of lithium carbonate per year.

Canada Lithium has commenced processing a bulk sample at a pilot plant assembled by SGS Lakefield. In addition to fine-tuning the metallurgical process developed by SGS Lakefield, the bulk sample will produce battery-grade lithium carbonate samples for marketing purposes.

A Definitive Feasibility Study (DFS) now under way is scheduled for completion by the end of Q1, 2011. In addition, a program of extensional and infill resource definition drilling will be carried out in mid-2010. The focus of the extensional drilling will be to better define the location of spodumene-bearing pegmatites to both the northwest and southeast, on strike with the current resource.

Lithium carbonate is used in a wide variety of applications, including most lithium-ion batteries. Production of large lithium batteries is expected to become far more prevalent in the next few years, according to several manufacturers. Most of the large automobile manufacturers have plans for plug-in electric and/or hybrid vehicles over the next 2-3 years, with the first units, such as the Nissan Leaf and GM's Volt, expected to be released later this year or early next. Other future uses for large lithium-ion batteries include power grid stabilization systems and home and office backup power units. Canada Lithium has negotiated a marketing arrangement with Mitsui and Company of Tokyo, Japan, which covers the marketing rights for Japan, Korea and China over a 6-year period.

The mineral resource estimate above has been prepared by CCIC's Michelle Stone, Ph.D., P. Geo., an independent Qualified Person as defined by NI 43-101. Ms. Stone has read and approved the contents of this release. A Technical Report compliant with National Instrument 43-101 standards describing the resource estimation and providing details of the 2009 drill program, as well as the associated QA/QC review, will be filed on SEDAR (www.sedar.com) within 45 days of this release.

Mitch Lavery, P.Geo., is the Qualified Person for the Quebec Lithium Project in accordance with NI 43-101. Mr. Lavery has read and approved the contents of this news release.

(x)The mineral resource estimates in this press release were prepared in accordance with the CIM "Definition Standards on Mineral Resources and Mineral Reserves" adopted by the CIM Council on December 11, 2005, and the CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines," adopted by CIM Council on November 23, 2003, in compliance with NI 43-101 guidelines, using the polygonal method.

Canada Lithium Corp. is a Canadian-based resource and exploration company trading under the symbol CLQ on the TSX-V. The Company is currently finalizing a prefeasibility study on the Quebec Lithium Project, located 60 km north of Val d'Or, Quebec, which will include environmental, metallurgical, geological and engineering studies. The Company has an agreement with Japanese metals trading firm, Mitsui and Co. Ltd., to market a portion of Canada Lithium Corp.'s product in China, Korea and Japan. The mine previously operated between 1955 and 1965, producing both spodumene concentrates and lithium carbonate. Recent metallurgical tests completed in 2009, have produced battery-grade lithium from deposit samples.

The Company also extends an invitation to meet with management at the PDAC Convention, March 7-10, Metro Toronto Convention Centre, South Building, at Booth No. 2815, Investors Exchange.

Corporate Office: 401 Bay St., Suite 2010, P.O. Box 118, Toronto, Ont. M5H 2Y4

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Information

The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of Canada Lithium Corp. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of Canada Lithium Corp. management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the Company. Canada Lithium Corp. disclaims any obligation to update information contained in any forward-looking statement.

For further information

Peter Secker, President and CEO, [phone]
Olav Svela, Director, Investor Relations, [phone], [e-mail]
Dan Symons, Renmark Financial Communications Inc., [phone], [e-mail]
www.canadalithium.com

[nlightn]

The Next Oil? Lithium Could Be The Next Precious Resource
Associated Press
Jan, 23 2010

A key supplier of Toyota Motor Corp. has formed a partnership to mine lithium in Argentina, securing greater access to a metal critical to the production of future hybrids and electric cars.

The partnership, announced late Tuesday, includes Toyota Tsusho Corp. and Australian miner Orocobre Ltd. They will develop a lithium mine in northwestern Argentina, and the project is expected to cost about $100 million, Orocobre Chairman James Calaway said.

Lithium will play a bigger role in the auto industry, especially at Toyota, which has plans to sharply boost its hybrid and electric vehicle production this decade. The lightest metal on the periodic table, lithium is a key ingredient in lithium-ion batteries — currently found mostly in cell phones and laptops but expected to be more widely used in future automobile batteries.

"This generation and the next generation of batteries in automobiles ... is going to be lithium," said Don Hillebrand, director of the Transportation Research Center at Argonne National Laboratory. "Looking at the cutting edge stuff 10 or 30 years out, that's going to be lithium too, and probably more lithium intensive."

Lithium-ion batteries currently have a small role in the auto industry. Current hybrids, like the top-selling Toyota Prius and Honda Motor Co.'s Insight sedans, use nickel-metal hydride batteries. These are better suited for the constant recharging and discharging that takes place in hybrid motors, which switch between gasoline and electric battery power. However, they store less energy than lithium-ion batteries.

Conventional hybrids are widely expected to give way in the coming years to plug-in hybrids. These, unlike traditional hybrids, can be plugged into a wall socket and run for long stretches on electricity alone. Toyota is launching plug-in hybrids along with battery-powered cars running solely on electricity starting in model-year 2012. Both will be powered by lithium-ion batteries.

Last week, the company announced plans to double its global hybrid sales to 1 million annually, with many likely to be powered with lithium-ion batteries.

In addition, the Chevrolet Volt, slated to go on sale this year, will be powered with lithium-ion batteries supplied by LG Chem Ltd. of South Korea. The Tesla Roadster sports car is powered entirely by a lithium-ion battery.

Global lithium-ion battery sales are expected to surge to $21 billion by 2015 and to $62 billion by 2020, from $34 million last year, according to a study by business consulting firm A.T. Kearney.

Under its agreement with Orocobre, Toyota Tsusho will pay $4.5 million for a feasibility study, expected to be completed in the third quarter 2010. Then it will take a 25 percent stake in the mining project. Orocobre will own the rest and operate the joint venture.

Toyota Tsusho, partly owned by Toyota Motor, based in Toyota City in central Japan, is securing a low-cost loan from the Japanese government to help fund 60 percent of the mining project.

Orocobre expects the mine, Salar de Olaroz, to begin production in 2012, with a capacity to put out 15,000 metric tons of lithium carbonate per year.

Most of the world's lithium is produced in South America, China and Australia. Chile and Argentina together account for about half the world's 27,400 metric tons of lithium production, though proven reserves have been found elsewhere.

"We know that there are literally mountains of it in South America, which is the easiest place to mine it at this point," Hillebrand said. "We haven't even started to look intensely to find out where there might be other sources."

http://autos.aol.com/article/lithium-resource