Canada Lithium Corp. (TSX: T.CLQ, Stock Forum) has been selected to receive a grant of up to $6.5 million from the Government of Canada through Sustainable Development Technology Canada, to construct a pilot plant to test the viability of refining lithium metal from the company’s lithium products.
Trading at 87 cents on Tuesday, Canada Lithium has a market cap of $296.9 million, based on 341.3 million shares outstanding. The 52-week range is 96 cents and 34 cents.
In a press release, Canada Lithium is nearing the end of the commissioning phase of its $207 million open pit mine and process plant near Val d’Or, Que.