Canada Lithium (OTCQX:CLQMF) should benefit from the increasing demand for lithium used in mobile devices, electric/hybrid vehicles and smart grid storage. The typical exploration stage risk is significantly reduced given expected near-term production and off-take agreements.
CLQMF.PK is engaged in the exploration and development of mineral properties with lithium deposits in Canada. In 2008, CLQMF.PK acquired 100% of the Québec Lithium Project (previously operated by Quebec Lithium from 1955-1965 until production was suspended due to falling prices). The property is located in one of the lowest risk countries for mining and near significant existing infrastructure with access to low cost and environmentally friendly hydropower. The hard-rock lithium deposit has a competitive advantage over brine in terms...
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