11 January 2011 14:17 [Source: ICIS news]
TORONTO (ICIS)--Canada Lithium is raising Canadian dollar (C$) 110m ($111m) to develop a lithium project in ?xml:namespace>
Canada Lithium said a syndicate of underwriters, co-led by Scotia Capital and Macquarie Capital Markets, had agreed to buy 73.3m of its common shares at a price of C$1.50.
The company is developing an open-pit mine and processing plant near
It plans to start producing 20,000 tonnes/year of lithium carbonate by the end of 2012, to supply battery markets for electric vehicles in Asia, North America and
Last year, German specialty chemicals firm Sud-Chemie announced a lithium iron phosphate project in
($1 = C$0.99)
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