Canada Lithium secures $6.5m for the construction of a pilot plant
Canada Lithium has secured a $6.5m grant from the Canadian government for the construction of a lithium testing plant.
Funds will be made available through the Sustainable Development Technology Canada (SDTC) initiative and will be employed for the construction of a 200-ton-per-annum pilot plant on the Québec Lithium site.
The plant will test the viability of refining lithium metal from the Company's lithium products, producing battery-grade, 99.95% lithium metal for metallurgical acceptance testing in Québec and Asia.
SDTC president and CEO Vicky Sharpe said that the technology being developed can reduce the total EV battery costs, increasing the rate of EV up-take.
Canada Natural Resources minister Joe Oliver added, "Investment in projects such as these demonstrates our leadership in driving a vibrant clean technology industry in Canada."
Construction of the plant is scheduled to begin by the end of September 2013.