Canada Lithium Corp. (TSX:CLQ) reported that The Bank of Nova Scotia and Caterpillar Financial Services committed to give a C$75-million of five-year debt facility for development of Québec Lithium Project.

As quoted in the press release:

The debt facility will be supported by a financial guarantee from Investissement Québec. In addition to the debt facility, Cat Financial will provide up to US$17-million lease financing for the mobile mining equipment.

Click here to read the Canada Lithium Corp. (TSX:CLQ) press release.