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Showing posts with label Battery grade lithium. Show all posts
Showing posts with label Battery grade lithium. Show all posts

Thursday, September 18, 2014

Rodinia Lithium Raises US$440,000 With Sale Of Certain Non-Core Assets


Toronto, Ontario, September 17, 2014: Rodinia Lithium Inc.  (“Rodinia” or the “Company”) (TSX-V: RM), has entered into a sale agreement with a private Argentine borate mining company to sell 600 hectares of mining rights comprising a portion of the Salar de Centenario (“Centenario”) property, held by the Company.  In exchange for the sale of a 100% interest in the mining rights comprising the 600 hectares of Centenario, Rodinia will receive US$440,000 payable in 22 monthly installments of US$20,000.   The sale agreement helps strengthen the Company’s balance sheet and does not impact Rodinia’s flagship Salar de Diablillos property. 

William Randall, President & CEO, commented, “The sale of the Añatuya & El Quevar claims that formed part of the Centenario group of claims helps strengthen the Company’s financial position, as we expect these monthly payments to cover the entirety of our fixed costs in Argentina, including on-site processing work and maintenance, overhead, and other associated local office costs associated with our flagship property.”

The first payment under the sale agreement has been received, and future payments are expected to be received by the Company on the first week of each month over the next 21 months.  The sale of the Añatuya and El Quevar claims reduces Rodinia’s Centenario property interest to approximately 500 hectares.  The Company has previously completed preliminary exploration on the Centenario claims and determined that in light of the quality and size of its Diablillos resource, continued advancement of Diablillos would create greater shareholder value than work at Centenario.  As a result, future work at Centenario was not anticipated in the foreseeable future and the Company determined that its sale would best support the Company’s current needs.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in Argentina.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the sale agreement with respect to the Centenario property, the sufficiency of the net proceeds to cover current expenditures at the Diablillos property, anticipated timing and results of the development of the Diablillos property and the ability of the Company to complete a strategic transaction. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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.

Monday, August 18, 2014

RB Reports steady production and increasing sales of battery grade lithium carbonate at Quebec plant

RB Energy Inc.RB Energy Inc.

TSX : RBI
OTCQX : RBEIF



August 18, 2014 08:31 ET

RB Energy Quebec Lithium Production Update



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 18, 2014) - RB Energy Inc. (the "Company" or "RBI" or RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to report steady production at its Quebec Lithium project and increasing sales of battery grade lithium carbonate.

Since August 3, 2014 (News Release August 5, 2014), 62 tonnes of battery (>99.7% Li2CO3) grade material have been shipped to our off-take partner in China. Production levels currently average between 40 and 50 tonnes of battery grade material per week, and are expected to increase week on week going forward.

Production through the processing plant is now focused on improving recoveries and increasing volumes towards achieving commercial production levels by year end; all part of the standard commissioning process.
The Company has initiated short term financing arrangements as the first step in a two part financing process. The second step is a more comprehensive financing solution over the coming weeks which, combined with revenues from lithium sales, will allow Quebec Lithium to continue to operate in the normal course of business until commercial production volumes and positive operating cash flows are reached. 


RBI currently owns Aguas Blancas, a producing iodine mine in northern Chile, and Québec Lithium near La Corne, Quebec. The Aguas Blancas operation is in production. The Québec Lithium operation has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

The technical contents of this release have been reviewed by Mr. Kevin Ross, Eur. Ing., a Qualified Person pursuant to NI-43-101. Mr. Ross is Chief Operating Officer of the Company and a Member of The Institute of Materials, Minerals and Mining.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure additional financing; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board,
Richard P. Clark, President and CEO

Contact Information


  • RB Energy Inc.
    (604) 689-7842
    (604) 689-4250 (FAX)

Tuesday, August 5, 2014

RB Energy Announces the First Commercial Shipment of Lithium Carbonate

RB Energy Inc. Marketwire
RB Energy Inc. (the "Company" or "RBI" or RB Energy") (TSX: RBI)(OTCQX: RBEIF) is pleased to announce the first commercial shipment of lithium carbonate from its 100% owned Quebec Lithium operation.

The first container of technical grade lithium carbonate (98.8%) was shipped to our offtake partner Tewoo ERDC this past weekend. 

Significant progress over the past 30 days has culminated in increasing production volumes and commencement of commercial shipments. Weekly shipments of lithium carbonate are now scheduled going forwards with volumes expected to increase week on week towards commercial production levels by late 2014. 

Quebec Lithium cash flow requirements are presently being satisfied by the forward sale of iodine from the Company's 100% owned Aguas Blancas operation in Chile. Discussions with stakeholders and other potential investors are in progress towards a more comprehensive financing package to take the Quebec Lithium operation to commercial production, and proceeding to name plate levels of 20,000 tonnes of lithium carbonate per annum in Q1 2015.

Minor modifications to the plant to achieve volume production of electric vehicle battery grade material (greater than 99.9%) are expected to be completed in late Q4. The Company will then have the flexibility to produce different quality products depending upon customer requirements and best pricing.
Commenting upon the first commercial shipment from the Quebec Lithium operation, Richard Clark, CEO of the Company, stated: "Although the commissioning of our lithium operation has taken longer than anticipated, we are very pleased to have at last achieved the important milestone of a first commercial shipment of lithium carbonate. We now expect to produce and deliver on a regular schedule with volumes increasing towards commercial production levels by the end of Q4. I would like to congratulate our operations team for their efforts in overcoming the many challenges that we have faced in the commissioning process and I join with them in looking forward to realizing the full potential of our lithium business."

About RB Energy Inc.
 
RBI currently owns Aguas Blancas, a producing iodine mine in northern Chile, and Quebec Lithium near La Corne, Quebec. The Aguas Blancas operation is in production. The Quebec Lithium operation has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

The technical contents of this release have been reviewed by Mr. Kevin Ross, Eur. Ing., a Qualified Person pursuant to NI-43-101. Mr. Ross is Chief Operating Officer of the Company and a Member of The Institute of Materials, Minerals and Mining.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure additional financing; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward-looking information include, among other things, successful and timely commissioning, ramp-up and production at the Quebec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

On behalf of the Board,
Richard P. Clark, President and CEO
Contacts:
RB Energy Inc.
Sophia Shane
(604) 689-7842
sophias@namdo.com


SOURCE: RB Energy Inc.

Friday, June 13, 2014

Lithium Carbonate 99.9% pure at RB Energy's production site

RB Energy Inc.RB Energy Inc.

TSX : RBI
OTCQX : RBEIF

June, 2014

RB Energy Confirms Continuous Lithium Carbonate Production



VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2014) - RB Energy Inc. (the "Company" or "RBI" or "RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to confirm that it has achieved continuous production of battery grade lithium carbonate (99.9% Li2CO3) at its 100% owned Quebec Lithium operation located at La Corne, Quebec.

An initial shipment of finished product to our principal offtake partner, Tewoo, was scheduled for the beginning of this week. However, after further discussions with Tewoo it has been decided to delay the commencement of sales shipments until lithium carbonate production has reached 55 metric tonnes per week to confirm product quality consistency and to maximize shipping efficiencies. Accordingly, our efforts remain focused on continuing the commissioning process towards achieving this production level. In the meantime, shipments of larger samples to Tewoo and other customers continue on a regular basis.

Quebec Lithium remains on track to achieve commercial production levels by the end of the 3rd Quarter and "name plate" production (20,000 tonnes per annum) by the end of 2014.

Commenting on product shipment scheduling, Richard Clark, Pres. and CEO, stated:
"We are very excited to have achieved continuous production of high grade battery product at Quebec Lithium. We are now focused on increasing production levels, firstly towards meeting the initial shipping volumes required by our offtake partner Tewoo, secondly to reach commercial production levels and finally, to realize the design production threshold of 20,000 tonnes per annum. The commissioning process is on schedule and we will continue to keep the market updated with regular progress reports."

RBI currently owns Aguas Blancas, a producing iodine mine in northern Chile, and Quebec Lithium near La Corne, Quebec. The Aguas Blancas operation is in production. The Quebec Lithium operation has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

The technical contents of this release have been reviewed by Mr. Kevin Ross, Eur. Ing., a Qualified Person pursuant to NI-43-101. Mr. Ross is Chief Operating Officer of the Company and a Member of The Institute of Materials, Minerals and Mining.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board,
Richard P. Clark, President and CEO

Contact Information


RB Energy Inc.
Sophia Shane
(604) 689-7842
(604) 689-4250 (FAX)
sophias@namdo.com

Tuesday, May 27, 2014

Focus Graphite Succeeds in Producing Extremely High-Performing Coated Spherical Graphite For Lithium Ion Batteries

Focus Graphite Inc.Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

May 27, 2014 13:05 ET

Independent Test:Creates the Potential for High Value Sales in the Li-Ion Battery Sector


OTTAWA, ONTARIO--(Marketwired - May 27, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is very pleased to announce the results from coin cell tests for the lithium ion battery market recently performed on Lac Knife Spherical Graphite ("SPG").
Focus Graphite is the sole owner of the world-class, high-grade Lac Knife natural flake graphite project in Quebec. The Company's aim is to become one of the lowest cost producers of high-purity technology graphite from a vertically integrated business strategy.

Testing was conducted by a globally recognized, North American laboratory with particular expertise in processes related to lithium ion battery technologies. Its clients are some of the most advanced technology-related corporations in the world. The laboratory has completed its testing and has measured the performance properties of Lac Knife's materials on an environmentally sustainable basis. Focus Graphite has withheld the name of the laboratory for reasons of commercial and competitive confidentiality.
Highlights
  • Lac Knife SPG battery tests evaluate three proprietary formulations that responded very well to CR2016 coin cell performance testing
  • Large, medium and fine micron size produced outstanding performance metrics
  • Testing results on the premium medium and fine grades exceed the performance of benchmark commercially available grades by significant percentages.
  • Tests confirm Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications
Focus Graphite Reversible Capacity Irreversible Capacity Loss Surface Area
Coin Cell Test Samples (Ah/kg) (%) (m2/g)
Coarse Carbon Coated SPG Grade (D90=42um) 362.1 6.80 % 0.64 %
Medium Carbon Coated SPG Grade (D50=24um) 363.7 1.44 % 0.48 %
Fine Carbon Coated SPG Grade (D50=17um) 365.1 1.01 % 1.14 %
A benchmark commercial grade of SPG provided a reversible capacity (RC) in the range of 345 to 355 Ah/kg and an irreversible capacity loss (ICL) of 6.5 %, a significantly higher loss compared to the 1.44% and 1.01% ICL for Lac Knife's medium and fine grade samples shown above.

In Lockstep With Industry
"Recent comments by leading North American auto makers signalled two significant market realities," said Focus CEO and Director Gary Economo.
"The first is the need to lower the costs of battery materials to encourage broader consumer interest in moving to electric vehicles. The second is that the potential North American battery market may well enjoy a much larger than anticipated growth in demand," Mr. Economo said.
"Again, these results add another layer of material value that holds the potential to de-risk even further our global enterprise goals," he said.
A detailed summary of the SPG tests is provided below.
SPG grades developed by Focus Graphite may help to solve one of the more difficult challenges holding back market growth for Li Ion batteries, "Increasing cycling capacity." One of the problems in using carbon based materials in Li Ion batteries is that it results in the formation of a Solid Electrolyte Interface ("SEI") layer which produces an irreversible capacity loss which generally ranges between 5 and 10% for benchmark SPG grades currently available in the market place.
Irreversible capacity loss means that a portion of the valuable lithium and graphite is wasted. Thus the efficiency is reduced and the cost increased. Lac Knife anode graphite is unique in having such a low loss.
Two premium (medium and fine) grade SPG's developed by Focus have achieved First Cycle Irreversible Capacity Losses of 1.44% and 1.01%, respectively, truly remarkable results. These lower ICL values of the SPG grades produced by Focus can lead to the production of higher capacity and longer life Li Ion batteries.
Furthermore, the low surface areas of the premium coated grades of SPG at 0.48 and 1.14% m2/g can help to improve the safety of Li Ion batteries. The use of higher surface area carbons in these batteries can cause the temperature of the battery to increase and possibly result in the occurrence of thermal runaways.
Figure 1: The following Galvanostatic charge-discharge curve for the fine SPG grade illustrates the very promising nature of the Lac Knife concentrate. To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/fms-figure1.pdf.
This material has demonstrated a reversible capacity of 365.08 Ah/kg and an irreversible capacity loss of an ultra low 1.01%. The performance metric is calculated between the two curves in the chart above is the difference between 368.8 and 365.08 on a percentage basis. Approximately an 80% improvement over commercial benchmark grades was achieved.
The unique properties of the Lac Knife high carbon content concentrate that grades 98% C even in the finer grade products down to 200 mesh (75 microns) that are usually the most difficult products to sell. This holds the potential to allow Focus market access to significantly higher margin value added products with a finer grade lower cost product creating a unique opportunity. Additionally, Focus plans to offer the higher value large flake to other growing markets.
The -100 mesh size (150 microns), 98% C and +65 mesh size (230 microns) flake products spheronize very well establishing a unique Lac Knife concentrate quality.
Potentially these excellent Irreversible Capacity Loss ("ICL") results from the Lac Knife high quality flake uncoated concentrate are due to low reactivity at the flake edges compared to other graphite concentrates underlying its inherent value as a feed to the secondary battery market in a green technology revolution.
Also included in the study is a scanning electron photomicrograph of the 99.98 % purified high purity large flake graphite (See Figure 2 below) produced on both a laboratory and pilot plant scale from 98% C Lac Knife +65 mesh flake concentrate. This photomicrograph indicates that the Lac Knife concentrates are uniquely suited to produce high purity lithium ion battery grade graphite. What is important to note is that Lac Knife graphite concentrate consists of very pure graphite flakes with impurities located on the surface of the flakes.
Figure 2: Photomicrograph of Thermally Purified Flake Graphite showing exceptionally clean surfaces and grading 99.98% C. To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/fms-figure2.pdf.
Such surface impurities can be removed by using less expensive technologies. In the most competitive concentrates on the market, the impurities are intercalated or sandwiched within the layers and are more difficult to remove requiring higher cost processing methods during purification.
Figure 3: Photomicrograph of Thermally Purified Spherical Graphite grading 99.9% C. To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/fms-figure3.pdf.
The quality of the Lac Knife concentrate is continuing to create the potential for increased margins through to value added products and confirms the Company's plan to evaluate the potential of secondary transformation for as much of the Lac Knife production as is possible. The potential for increased margins from the secondary transformation of graphite concentrate is not included in the current Preliminary Economic Assessment for the project.
Current prices for coated, spherical graphite are at the $8,000 per tonne point. This compares to $20,000 per tonne for battery grade synthetic graphite, the only alternative for the anode in the battery.
"Commercially and competitively, these results open the door for Focus to confidently accelerate our plans to market and sell our battery grade, high margin products to potential partners and customers," said Focus President and COO Don Baxter.
"The data presented validates Lac Knife's potential to become a North American source of low-cost high purity flake graphite concentrate that could, possibly, lead to the production of batteries with better performance," Mr. Baxter stated.
"Further, these results enable us to continue with our vision of producing value added products. In particular, Focus' Director of Manufacturing and Technology Dr. Joseph Doninger and our Consultant, Mr. George Hawley have the capability to lead Focus through the development of various lithium ion battery products with the aim of building higher margin applications and downstream products" Mr. Baxter said.
Dr. Doninger said: "The Lac Knife premium medium and fine grades of coated SPG at 1.44% and 1.01% first cycle irreversible capacity losses and 0.48 and 1.14 m2/g surface areas are better than any similar sized SPGs that I've ever seen."
Battery manufacturers require a cost competitive alternative to current sources of natural SPG. China produces about 90% of the world's purified natural SPG, utilizing methods that are generally regarded as environmentally unsustainable.
Qualified Persons
Don Baxter, P. Eng., Focus President & Chief Operating Officer, is a Qualified Person as defined by NI 43-101 guidelines, has reviewed and approved the technical content of this news release.
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of north-eastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tons grading 14.77% graphitic carbon (Cg) as crystalline graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tons grading 13.25% Cg of crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On November 7, 2013 the Company released the results of an updated Preliminary Economic Assessment ("PEA") of the Lac Knife Project that indicated that the project has very good potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
Forward Looking Statement
This News Release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such 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 state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information 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 Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi)the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information

Friday, May 16, 2014

Gigafactory or 200 Gigafactories – Lithium Demand is Reinforced




Rodinia Lithium Inc. (“Rodinia” or the “Company”) is encouraged by the discussions and events held at this year’s World Energy Innovation Form.  The overarching theme is continued support for the expansion of the lithium-ion battery industry, which supports continued and increased demand for lithium carbonate.
“There are going to need to be a lot of gigafactories, if not from Tesla, then from someone else.  There’s essentially a quasi-infinite demand for energy storage, if the energy density and the price are good enough,” said Elon Musk, Chief Executive of Tesla Mortors.
Rodinia’s Salar de Diablillos lithium-potash project is located in mining friendly Salta Province, Argentina boasts an inferred National Instrument 43-101 compliant resource of 2.8Mt lithium carbonate equivalent and 11.2Mt potash with significant further resource expansion possibilities.  Processing work to date has confirmed the ability to produce battery grade lithium carbonate with sample results indicating purities consistently in excess of 99.5%.
The Company has completed a Preliminary Economic Assessment for the Salar de Diablillos, which produced the following strong economic results:
Production Case:
15,000 tpa LC
25,000 tpa LC
Estimated Capital Investment:
US$144 million
US$220 million
Estimated Operating Expenses:
     Per tonne LC
     Per tonne LC with co-product credits
     Per tonne KCl

US$1,519
(US$703)
US$170

US$1,486
(US$762)
US$160
Net Present Value (8% pre-tax):
US$561 million
US$964 million
IRR (pre-tax):
34%
36%
Annual Average Cash Flow:
US$89 million
US$150 million
Projected Payback (8% pre-tax):
1.6 years
1.5 years
Estimated Mine Life:
20+ years
20+ years
The work program required to take the deposit through Feasibility Study is 90% completed.
The Company controls 100% of the prospective producing area of the Salar de Diablillos, which eliminates resource sharing concerns and should enable a fast track through to production once the Feasibility Study is completed.
Continued support for the lithium-ion battery industry, and increased demand for lithium carbonate, should increase the opportunities for Rodinia to finance its construction CAPEX post Feasibility Study.
Readers are encouraged to review the Company’s website at www.rodinialithium.com and company filings posted on SEDAR at www.sedar.com for additional disclosures and information.

Tuesday, April 22, 2014

RB Energy, Formerly Canada Lithium, to produce Battery Grade Li in Q3 2014


TSX:RBI
OTCQX:RBEIF






April 22, 2014 08:30 ET

RB Energy Provides an Operations Update for Quebec Lithium



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - RB Energy Inc. (the "Company" or "RBI" or RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to report that with temperatures in the Val d'Or area of Quebec rising, the Quebec Lithium concentrator was successfully restarted last week as planned. Production volumes from the concentrator are gradually being increased to enable the restart of the hydromet circuit by the end of this week. In Q2 throughputs will gradually be increased and, with the ore sorter commissioning commencing by the end of Q2, will enable commercial production levels to be achieved as scheduled in Q3. The first sales of battery grade lithium carbonate are expected to commence in May.

By the end of Q3 the crushing circuit of the concentrator will be completely winterized, enabling lithium carbonate production year round going forward

Commenting on the restarting of the Quebec Lithium operation, Richard Clark, President and CEO, said: "Mother nature has finally decided to allow spring to arrive. This winter in Quebec was extremely challenging. With the long duration of extremely cold temperatures, and incomplete winterization at the plant, it was not possible to operate the concentrator for the better part of 5 months. Despite this situation, we were able to successfully commence commissioning of the hydromet section of the plant and we achieved a very high grade battery product in March. With all components of the Quebec Lithium complex in operation, we now look forward to delivering into our offtake contracts. 

I would like to take this opportunity to thank our shareholders, bankers, other investors and offtake partners for their support and patience. I would also like to thank our employees for their continued commitment and determination. It has been a long road with numerous challenges, but we are very excited about being so close to achieving our goal of being a new, high quality, strategic, lithium carbonate producer." 

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward-looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

Contact Information

Friday, February 28, 2014

RB Energy Provides an Operations Update for Canada Lithium project in Quebec

RB Energy Inc.

TSX : RBI
OTCQX : CLQMD



February 28, 2014 08:30 ET



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2014) - RB Energy Inc. (the "Company" or "RBI" or "RB Energy") (TSX:RBI)(OTCQX:CLQMD) confirms that it is not aware of any unreleased material information regarding the Company and provides an update on its lithium operations in Quebec.
On February 11, 2014 RBI commenced a continuous commissioning run of the hydro-metallurgical circuit at its wholly owned Quebec Lithium operation. This commissioning run is scheduled to continue until mid-March and will provide battery grade lithium carbonate samples to our customers for quality assessment. In addition, a bulk sample from this run will be shipped to Tewoo-ERDC, our principal off-take partner, for commercial testing.

In mid-March the hydro-metallurgical circuit will be temporarily suspended for commissioning maintenance and production assessment. Operations and lithium production will recommence in April in both the flotation and hydro-metallurgical circuits, culminating in the commissioning of an optical ore sorter by the beginning of the third quarter. Quebec Lithium is on track to ramp up to and achieve name plate production levels (20,000 tonnes of lithium carbonate per annum) by year end.

Commenting upon the recent production success at Quebec Lithium and recent developments in the lithium market, Richard Clark, President and CEO of RB Energy, stated, "The management and operations team of RB Energy are very pleased with the progress at the Quebec Lithium operation. Our current production run will provide the necessary lithium carbonate samples to supply commercial orders from our customers going forward. We are meeting our initial targets and we are on track to achieve name-plate throughput of 20,000 tonnes per annum of battery grade lithium carbonate by year end. Quebec Lithium is the only hard rock lithium operation in North America and is poised to become a material player in the exciting future of the lithium battery market."

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

Contact Information


RB Energy Inc.
Sophia Shane
(604) 689-7842
sophias@namdo.com

Wednesday, December 4, 2013

Sirocco And Canada Lithium Combining To Form Strategic International Competitor In Growth-Oriented Industrial Minerals Sector

Toronto, Canada -- December 4, 2013

Sirocco Mining Inc. ("Sirocco") (TSX: SIM) and Canada Lithium Corp. ("Canada Lithium") (TSX: CLQ) (U.S. OTC: CLQMF) jointly announce that their respective boards of directors have approved, and that they have entered into, a definitive agreement (the "Arrangement Agreement") pursuant to which they will complete a business combination by way of a statutory Plan of Arrangement (the "Arrangement") under the Canada Business Corporations Act. Following the completion of the Arrangement, the current Canada Lithium shareholders will hold approximately 58% of the combined company, while current shareholders of Sirocco will hold approximately 42%.

 Highlights of the Arrangement Include:
 The business combination of Sirocco with its established Aguas Blancas iodine mine in Chile and Canada Lithium with its commissioning-stage lithium project in Quebec will create a significant industrial minerals producer in both the iodine and lithium markets. It is anticipated the combined company will provide significant market and growth synergies and over-all cost reduction. Sirocco's balance sheet and cash flow de-risk the production ramp-up of Canada Lithium's project. In addition, the combined company with its stronger balance sheet will offer greater cash resources. Anticipated ongoing growth in the automotive and electronics sector will continue to drive demand for lithium products, while anticipated increasing applications for X-ray media in Asia will continue to support iodine consumption. This allows for diversification of revenue and market risks.

 In the short to medium term, there is potential for downstream, value-added growth into lithium metal, potassium and sodium nitrates, sodium sulphate and lithium hydroxide. New and continued developments in the lithium battery sector, specifically lithium-iodine technology, which demonstrates higher energy levels and increased battery performance over current lithium battery technologies, may provide the combined company increased market opportunities as uptake of these new battery applications increases.

The combination of Canada Lithium and Sirocco results in only one of two public companies, the other being SQM of Chile, producing both iodine and lithium. Following the closing of the Arrangement, the current Sirocco management team will be appointed as officers of the combined company: Richard P. Clark, as Chief Executive Officer, Alessandro Bitelli, as Chief Financial Officer, Kevin Ross, as Chief Operating Officer and Hugh Stuart, as Vice President of Exploration. This is the core team that contributed to the growth of Red Back Mining's operations, which was acquired by Kinross Gold Corporation for $9.2 billion. Sirocco shareholders will receive 1.175 common shares (on a pre-consolidated basis) in the capital of Canada Lithium for each outstanding Sirocco common share. Pursuant to the transaction, Canada Lithium expects to issue approximately 294 million common shares (on a pre-consolidation and non-diluted basis). The Arrangement values each Sirocco share at C$0.48 representing a premium of approximately 23% to the 20-day volume weighted average price of the Sirocco common shares on the Toronto Stock Exchange as of December 3, 2013. The Arrangement has been approved by the board of directors of both companies. Following the closing of the Arrangement, the board of the combined company will be comprised of nine individuals. Four of the nine will be Canada Lithium nominees, with the remaining five individuals to be nominated by Sirocco. In connection with the Arrangement, Canada Lithium will consolidate its common shares on the basis of one post-consolidation common share for each three existing Canada Lithium common shares. "We're delighted to be joining forces with the Sirocco team. They have an exceptional track record in identifying growth opportunities, establishing sound operations and building wealth for shareholders," said Canada Lithium CEO Peter Secker. Commenting on the transaction, Sirocco CEO Richard Clark said: "We have been looking for growth opportunities in the industrial minerals sector and this combination provides an excellent opportunity for geographic and product diversification while at the same time aligning two products with potential future complementary applications."

At a full annualized production rate, Canada Lithium would produce approximately 20,000 tonnes of battery-grade lithium carbonate, which represents about 12% of the world's output. The commodity, an essential component in lithium-ion batteries, powers the vast and growing field of consumer electronics, electric and hybrid vehicles and grid storage units. Sirocco's iodine operation in Chile will produce approximately 1,400 tonnes of iodine in 2013, with plans to produce 1,000 tonnes in 2014. Upon completion of the installation of a semi-autogenous grinding (SAG) mill, annual capacity will increase to over 2,000 tonnes per annum. Under the Arrangement, as noted above, shareholders of Sirocco will receive 1.175 common shares (on a pre-consolidation basis) in the capital of Canada Lithium for each outstanding Sirocco common share, representing a premium of approximately 23% to the 20-day volume weighted average price of the Sirocco common shares on the Toronto Stock Exchange as of December 3, 2013. The total consideration payable pursuant to the Arrangement values Sirocco's equity at approximately C$120 million. Pursuant to the transaction, Canada Lithium expects to issue approximately 294 million common shares (on a pre-consolidation and non-diluted basis). The transaction will be carried out by way of a court-approved plan of arrangement and will require the approval of at least 66 2/3% of the votes cast by the securityholders of Sirocco at a special meeting of Sirocco shareholders expected to take place in January 2014. It is expected that the transaction will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. The transaction is also subject to obtaining the approval of at least a majority of the votes cast by the shareholders of Canada Lithium approving the issuance of the shares in connection with the Arrangement and approval of at least 66 2/3% of the votes cast by the shareholders of Canada Lithium approving the consolidation of the shares of Canada Lithium on 3-for-1 basis, at a special meeting of Canada Lithium shareholders expected to take place the same date as the Sirocco meeting. In addition to securityholder and court approvals, the transaction is subject to applicable regulatory approvals, including the TSX, and the satisfaction of certain other closing conditions as is customary in transactions of this nature. Canada Lithium's financial advisor, Primary Capital Inc. has provided an opinion to the Canada Lithium board of directors that the transaction is fair, from a financial point of view, to Canada Lithium's shareholders (other than Sirocco). The financial advisor for Sirocco, Scotia Capital Inc., has provided an opinion to the Sirocco board of directors that the consideration to be received by the Sirocco shareholders under the transaction is fair, from a financial point of view, to the Sirocco shareholders. Canada Lithium's legal counsel is Cassels Brock & Blackwell LLP and Sirocco's legal counsel is Blake, Cassels & Graydon LLP. Kingsdale Shareholder Services Inc. has been retained as proxy solicitors and information agent. The Arrangement Agreement includes a commitment by each of Sirocco and Canada Lithium not to solicit alternative transactions to the proposed Arrangement. In certain circumstances, if a party terminates the definitive agreement to enter into an agreement to effect a superior proposal that is different from the Arrangement, then such party is obligated to pay to the other party as a termination payment of C$4 million, subject to a right by each party to match a competing superior proposal in question. In connection with the Arrangement Agreement, Sirocco has also agreed to provide a bridge loan of up to $10 million to Canada Lithium. The loan will be due and payable on the earliest of the following: (a) thirty days after the completion of a superior proposal transaction by Canada Lithium or (b) six months following a demand notice from Sirocco. The bridge loan is subject to, among other things, receipt of TSX approval and certain other closing conditions. The loan may be converted, at the option of Sirocco, into common shares of Canada Lithium at a conversion price of $0.399 per common share, at any time after the termination of the Arrangement Agreement. Further information regarding the transaction will be contained in an information circular that each of Canada Lithium and Sirocco will prepare, file and mail in due course to their respective shareholders in connection with the special meetings of each of the Canada Lithium and Sirocco shareholders to be held to consider the transaction. All shareholders are urged to carefully read the information circulars once they become available as they will contain additional important information concerning the transaction. Details regarding these and other terms of the transaction are set out in the Arrangement Agreement, which is available on SEDAR at www.sedar.com. The information agent for the Arrangement is Kingsdale Shareholder Services Inc. ("Kingsdale"). Questions and requests for assistance, including requests for additional information may be directed to Kingsdale at 1-866-581-0510 or by email at: contactus@kingsdaleshareholder.com. About Sirocco Sirocco Mining Inc. is a Canadian company which produces iodine from its Aguas Blancas mine in northern Chile. In addition, Sirocco has exploration interests in West Africa and is actively assessing other opportunities in the resource sector. For more information regarding Sirocco, please refer to Sirocco's public filings available at www.sedar.com and www.siroccomining.com including, in particular, Sirocco's Management's Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 and the Management's Discussion and Analysis for the three-month and nine-month periods ended September 30, 2013. About Canada Lithium Canada Lithium 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. For more information regarding Canada Lithium, please refer to Canada Lithium's public filings available at www.sedar.com and www.canadalithium.com including, in particular, Canada Lithium's Management's Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 and the Management's Discussion and Analysis for the three-month and nine-month periods ended September 30, 2013. Forward-Looking Statements Certain information contained in this news release, including any information relating to the proposed transaction (the "Transaction") and each issuer's future financial or operating performance may be deemed "forward-looking". These statements relate to future events or future performance and reflect each issuer's expectations regarding the Transaction, and the future growth, results of operations, business prospects and opportunities of Sirocco, Canada Lithium and the combined company. These forward-looking statements also reflect each issuer's current internal projections, expectations or beliefs and are based on information currently available to Sirocco or Canada Lithium, respectively. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward looking information regarding completion of the Transaction are based include that Sirocco and Canada Lithium will be able to satisfy the conditions to the Transaction, that the required approvals will be obtained from the shareholders and optionholders of each issuer, as applicable, that all third party regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived. Although Sirocco and Canada Lithium believe that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Sirocco and Canada Lithium expressly disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. For Further Information, Contact: Sophia Shane Sirocco Mining Inc. Tel: (604) 689-7842 Website: www.siroccomining.com Olav Svela Director, Investor Relations Canada Lithium Corp. Tel: (416) 479-4355 osvela@canadalithium.com

Monday, November 18, 2013

Canada Lithium now in Continuous production mode

Canada Lithium Posts Milestone Achievement with First Continuous Lithium Carbonate ProductionTSX: CLQ; U.S. OTC: CLQMF
Canada Lithium Corp. ("Canada Lithium" or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) is pleased to announce that continuous production of lithium carbonate has been achieved for the first time, as commissioning proceeds through the latter stages at the Company's open-pit mine and processing plant near Val d'Or, Québec. While previous production was achieved in batch-style fashion, all circuits in the process plant, from the crusher through to the final bagging station for lithium carbonate, are operating on a continuous basis.
Day-shift mining operations, temporarily suspended in July, have been reinstated in order to rebuild the ore stockpile depleted over the past quarter. As noted previously, crushing, grinding, concentrator and kiln circuits are operational and will be sequentially stepped-up to design capacity over the coming months. Commissioning of the hydrometallurgical circuit continues to proceed as per the revised timetable, and lithium carbonate product is being packaged on-site.

Throughout the commissioning phase, the Company has continued to monitor working capital levels. Product shipments to Tewoo in China are currently scheduled to commence within the coming weeks. Please log-in to http://www.canadalithium.com/s/PhotoGallery.asp to view the most recent stages of carbonate production.

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 has been signed with Tewoo-ERDC, one of China's larger commodities traders. A second off-take for up to 5,000 tonnes per year has been 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. For more information regarding the Company, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the Company's Management's Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 and the Management's Discussion and Analysis for the three-month and six-month periods ended June 30, 2013. 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. 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.
Forward-looking information relates to future events or to future conditions, performance or results of operations and reflects current expectations or beliefs regarding such matters including, but not limited to, information or statements with respect to the use of proceeds, in addition to the following: (i) the amount of mineral resources; (ii) exploration, development and production activities, including information regarding the potential mineralization and resources; (iii) the amount of future output over any period; (iv) net present value and internal rates of return of the mining operation; (v) assumptions relating to capital costs, operating costs and other cost metrics; (vi) assumptions relating to gross revenues, operating cash flow and other revenue metrics; (vii) assumptions relating to future price and demand for lithium and other macroeconomic metrics; (viii) exploration and development plans, including anticipated costs and timing thereof, time frames for completion, and anticipated time to production; (ix) mine potential and expected mine life; and * sources of and anticipated financing requirements.
All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "project", "estimate", "assume", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "strategy", "goal", "may", "could", "would", "might", or "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.
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. Such information is based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of lithium, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information include, but are not limited to: (i) required capital investment and estimated workforce requirements; (ii) estimates of net present value and internal rates of return; (iii) future demand and market prices for lithium; (iv) receipt of regulatory approvals on acceptable terms within commonly experienced time frames; (v) anticipated timelines for the commencement of production; (vi) anticipated timelines for community consultations and the impact of those consultations on the regulatory approval process; and (vii) future exploration plans and objectives.
By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to, risks and uncertainties relating to: assumptions regarding the going concern of the Company, the Company's ability to continue to satisfy its interest payment obligations under its outstanding convertible debentures, the ability of the Company to comply with its financial ratio covenants in its debt facility and to better align its debt facility repayment obligations with its revised project schedules, successful and timely commissioning, ramp-up and production at the Québec Lithium Project in accordance with the project's revised schedules, the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production, timely lithium carbonate delivery of acceptable quality to the Company's off-take partners in accordance with the off-take agreements, the continuing support and cooperation of the Company's off take partners, and the achievement of breakeven cash flow as projected, in addition to the following: (i) the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; (ii) results of feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, (iii) the outcome of litigation in which the Company is or may in the future become involved; (iv) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; (v) mining and development risks, including risks related to accidents, equipment breakdowns, labor disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; (vi) risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; (vii) risks related to future commodity demand and price and foreign exchange rate fluctuations; (viii) the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; (ix) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; * risks related to environmental regulation and liability; (xi) political and regulatory risks associated with mining and exploration; (xii) risks related to the uncertain global economic environment; and (xiii) other risks and uncertainties related to the Company's prospects, properties and business strategy.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, investors and others are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. 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.
For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the "Risks and Uncertainties section of the Company's Management's Discussion and Analysis and the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2012 .
SOURCE Canada Lithium Corp.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/18/c8250.html
SOURCE: Canada Lithium Corp.
Peter Secker, CEO and Deputy Chairman (416) 361-2821   Olav Svela, Director, Investor
Relations (416) 361-2821 or (416)  479-4355 osvela@canadalithium.com   Laurence A.
Lachance, Renmark Financial Communications Inc. (416)  644-2020
llachance@renmarkfinancial.com   Please visit the Canada Lithium website
atwww.canadalithium.com   You can also follow us on Facebook and Twitter. Corporate
Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4