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To: kidl who wrote (686)7/23/2009 9:01:34 PM
From: ogi  Read Replies (1) of 233891
 
4 years a bit conservative is it not?

<<<<<<<<<<<<<<< 2009-03-02 10:39 ET - News Release

Mr. Gary Pearse reports

CANADA LITHIUM CORP. ADVANCES LITHIUM CARBONATE METALLURGICAL PROCESS

Canada Lithium Corp. has materially advanced its lithium carbonate metallurgical process and has recently produced lithium carbonate that is comparable with the battery market specifications that are widely accepted by the industry. Canada Lithium's product significantly exceeds specifications with respect to aluminum and iron which are considered deleterious.

Canada Lithium is the 100-per-cent owner of the Quebec lithium project located 60 kilometres northwest of Val d'Or, Que. The project is a large lithium spodumene deposit with excellent infrastructure and favourable metallurgy. >>>>>>>>>>>>

I agree they are not yet in production and may well be "test"
mining sample production for a time to come but the current deal with Mitsui runs til April 2010 and the renewal options for 6 years, none of which strikes me as no production for 4 years. Can you shed any light on this???

<<<<<Canada Lithium confirms that, as previously announced in a news release in Stockwatch of April 28, 2009, it has entered into a marketing agreement giving Mitsui the exclusive marketing rights to lithium products from the Quebec lithium project for Japan, Korea and China until April, 2010, with Mitsui having the option to renew the marketing right annually for up to six subsequent years. Canada Lithium intends to commence shipping lithium carbonate samples to Mitsui in the near future. >>>>>
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