Canada Lithium Signs MOU with First Nations Communities; Receives Tailings Site Location Approval
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TSX: CLQ; U.S. OTCQX: CLQMF
TORONTO , May 15, 2012 /CNW/ – Canada Lithium Corp. (CLQ.TO) (CLQMF.PK) announced today that it has signed a Memorandum of Understanding
(MOU) with the Abitibiwinni First Nation of Pikogan and the Anishinabe
First Nation of Lac-Simon communities near the Company’s $207-million
mine and processing plant currently under construction north of Val
d’Or, Québec.
The Company also announced it has received provincial approval for the
location of its Tailings Management Facility (TMF).
The MOU with the First Nations communities encompasses key areas of
mutual interest, including environmental protection; employment and
business opportunities; education and training; and an ongoing
commitment to maintain mutually satisfactory relations between Canada
Lithium and the First Nations communities.
” Canada Lithium is committed to working in partnership with our local
municipalities and First Nations communities in a manner that fosters
active participation and mutual respect,” said Canada Lithium Chief
Operating Officer Charles Taschereau .
The approval for the TMF location was recently granted by Québec’s
Ministère des Ressources naturelles et de la Faune (MRNF). The Company
requires an additional approval from Québec’s Ministère du
Développement durable, de l’Environnement et des Parcs (MDDEP) for the
actual use and operation of the TMF site.
The Company continues to work towards obtaining all other required
environmental and provincial approvals prior to commencement of
commercial 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. The Company
is in the midst of building an open-pit mine and processing plant
on-site with capacity to produce approximately 20,000 tonnes per year
of battery-grade lithium carbonate annually. Metallurgical tests have
produced battery-grade lithium carbonate samples. The Company trades
under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol
CLQMF.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the
meaning of applicable Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or statements that
certain actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”.
Forward-looking information is based on reasonable assumptions that have
been made by the Corporation as at the date of such information and is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or
achievements of the Corporation to be materially different from those
expressed or implied by such forward-looking information.
Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. The Corporation does not
undertake to update any forward-looking information referenced herein,
except in accordance with applicable securities laws.
Article source: http://finance.yahoo.com/news/canada-lithium-signs-mou-first-213000116.html