RB Energy is pleased to announce the completion of the previously announced arrangement involving Sirocco Mining and Canada Lithium. Under the Arrangement, Canada Lithium acquired all of the issued and outstanding common shares of Sirocco, such that Sirocco became a wholly-owned subsidiary of Canada Lithium, for consideration consisting of 1.175 [...]
Sirocco Mining and Canada Lithium are pleased to announce that, at their respective special meetings of shareholders held today, Sirocco's shareholders approved the plan of arrangement involving Sirocco and Canada Lithium and Canada Lithium's shareholders approved various matters to be completed by Canada Lithium in connection with the completion [...]
Sirocco Mining and Canada Lithium jointly announce that the new proposed name for Canada Lithium upon completion of the arrangement transaction between Sirocco and Canada Lithium will be RB Energy Inc. As set out in the notice of meeting and management information circular dated December 24, 2013 of Canada Lithium, at the special meeting of [...]
Canada Lithium announced today that it has received a bridge loan of $10 million in connection with the Arrangement Agreement entered with Sirocco Mining Inc. on December 4, 2013. The loan will bear interest of 11% per annum and CLQ will use the proceeds for operating and capital expenditures in the ordinary course of its business and for working [...]
Sirocco Mining and Canada Lithium jointly announce that their respective boards of directors have approved, and that they have entered into, a definitive agreement pursuant to which they will complete a business combination by way of a statutory Plan of Arrangement under the Canada Business Corporations Act. Following the completion of the [...]
Canada Lithium is pleased to announce that continuous production of lithium carbonate has been achieved for the first time, as commissioning proceeds through the latter stages at the Company's open-pit mine and processing plant near Val d'Or, Québec. While previous production was achieved in batch-style fashion, all circuits in the process plant [...]
Canada Lithium announced today that it had closed its previously announced bought deal public offering for aggregate gross proceeds of approximately $14.4 million. A total of 5,991,500 flow-through shares and 28,750,000 units were issued at a price of $0.48 per FT Share and $0.40 per Unit. The Offering was underwritten by Dundee Securities Ltd [...]
Canada Lithium is pleased to announce that it has entered into an agreement with Dundee Securities to purchase on a "bought deal" basis by way of short form prospectus, 5,210,000 flow-through common shares of the Company and 25,000,000 units of the Company subject to all required regulatory approval at a price per Flow-Through Share of $0.48 for [...]
Canada Lithium today announced that commissioning of its open-pit mine and processing plant near Val d'Or, Québec, is proceeding as per the revised schedule. Mining operations continued at a reduced level and approximately 100,000 tonnes of ore remain on stockpile at the crusher. The mining operation is scheduled to resume at the end of the month [...]
Canada Lithium announced today commissioning has resumed at its process plant near Val d'Or, Quebec, following the previously-announced maintenance/upgrade program. Reheating of the kiln commenced on Saturday and the crushing and grinding sections start-up occurred yesterday. Various upgrades to the hydrometallurgical plant, including installation [...]
Canada Lithium today announced that it is receiving a $5-million pre-payment from Chinese off-take partner Tewoo-ERDC. This pre-payment strengthens the Tewoo/Canada Lithium relationship as the two companies continue to advance their lithium carbonate business in China. The Company and Tewoo are also in discussions about future pre-payments based on [...]
Canada Lithium announced today that it intends to vigorously defend itself and its assets against a class action lawsuit initiated in a Statement of Claim dated May 9, 2011 and recently certified by the courts. The suit arises from a mineral resource estimate announced by Canada Lithium on October 28, 2010. On August 6, 2013, the Ontario Court [...]
