Canada Lithium gets C$75m loan

Canada Lithium Corp’s stock rose by over 8% on Monday morning, after the company, which is building a mine in Quebec, said it secured a C$75-million loan to advance the project. Scotiabank and Caterpillar Financial Services are providing the...

Canada Lithium hikes resource at Quebec project

Shares in Canada Lithium Corp (CLQ) leapt over 10% in Toronto on Wednesday morning, after the company said the previous evening that the measured and indicated resource at its Quebec project had increased 13% from a May estimate to 33.2-million...

Drill results send Canada Lithium 14% higher on TSX

Shares in TSX-quoted Canada Lithium Corp (CLQ) vaulted 14% higher on Thursday, after the company announced early results from a drilling programme at its Quebec project, and said it was on track to produce the battery making ingredient by late...

Canada Lithium's operating costs jump 20%

TSX-listed Canada Lithium Corp (CLQ) on Monday posted an updated feasibility study for its Quebec lithium project, showing that while planned production remained static at 20 000 t/y of lithium carbonate, operating costs had shot up by around...

Canada Lithium gets permit for blighted Quebec project

Canada Lithium Corp (CLQ), which earlier this month cut resources at its Quebec project by about one-third after discovering errors in the model, said on Monday the La Corne Municipality had awarded the company permits to build surface...

Canada Lithium cuts Quebec project M&I resources by one-third

Canada Lithium Corp (CLQ) on Monday said a review of the mineral resources at its flagship Quebec project found measured and indicated resources to be about one-third smaller than previously thought, after geologists mistakenly counted some waste...

Canada Lithium takes another knock

Shares in Canada Lithium Corp (CLQ) sank again on Monday after the company said the Ontario Securities Commission (OSC) had found it in breach of disclosure requirements. The default relates to the “material reduction” in resources the...

Siskinds launches C$800m class action against Baffinland

London, Ontario-based law firm Siskinds on Tuesday launched a class action suit claiming C$800-million from Baffinland Iron Mines and certain directors, forming part of a bidding war for the company, alleging takeover bid documents omitted or...

Canada Lithium to 'vigorously' fight $50m class action suit

Canada Lithium Corp’s share price took another knock on Monday, after the company announced it was facing a $50-million class action lawsuit with regards to an error in its October resource statement. The company said the claim was meritless...

Canada Lithium to report 'materially' smaller resource in May

Toronto-based junior Canada Lithium Corp (CLQ) said on Wednesday there will be a significant decrease in its Quebec project’s resources when it receives an independent review mid-May. CLQ at the end of February watched its share price halve...

Canada Lithium 'still confident' on Quebec project after shares drop

Canada Lithium Corp said on Tuesday it remained confident in its Quebec project, after its shares lost more than a third in a day on news that resources at the project are likely lower than reported. "We’re continuing to have confidence in this...

Canada Lithium to raise C$110m in bought deal

– Shares in Canada Lithium Corp declined 9% on Tuesday, after the company said it would raise C$110-million in a bought-deal financing. A syndicate of underwriters co-led by Scotia Capital and Macquarie Capital Markets Canada will buy...