OTCQX:SREMF - Post by User
Post by
M1DASon Jan 31, 2013 9:02am
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
267 Views
Post# 20916294
NR - Canada Lithium produces spodumene at plant
NR - Canada Lithium produces spodumene at plant Canada Lithium Corp.'s commissioning of the mineral processing sections of the process plant continues as scheduled with spodumene production being achieved on a regular basis, and final electrical work and software programming being undertaken on the lithium carbonate circuits.
There will be a number of site visits by the company's off-take partners and various battery manufacturers as Canada Lithium approaches the first shipment of lithium carbonate under the five-year Tewoo off-take agreement at the end of March, 2013. The 20,000-tonne-per-year lithium carbonate processing plant is scheduled to complete ramp-up to full production by the fourth quarter of 2013.
The company expects the final drawdown, in the amount of $25-million of the $75-million debt facility from the banking syndicate, to occur during February or March, 2013.