Lithium
Canada Lithium Corp (TSX:CLQ, OTCQX:CLGMF) announced that it has entered into an agreement with Dundee Securities Ltd to purchase on a bought deal private placement basis, 21,110 convertible debentures at a price of $1,000/debenture.
Pan Global Resources Inc (TSXV:PGZ) announced that it has obtained approval for 7 exploration license renewal held by Lithium Li in Serbia with 3 more pending licenses to be approved, which will allow the company to extend the duration of exploration to 3 years up to 7 years.
Mining Weekly reported that Critical Element’s Rose Project which was originally slated for 2015, will begin its first production in 2016 as it focuses on getting an offtake partner. The company said that the open-pit operation has an expected resource of 24.3-million tons grading 0.89% lithium oxide.
Canada Lithium Corp (TSX:CLQ) announced that commissioning of the company’s hydrometallurgical plant at its lithium mine in Quebec is ongoing after a visit from the Canadian Standards Association.
Reuters reported that LG Chem will begin production at its lithium ion battery cell manufacturing plant in the US by July or August amid slow demand for electric vehicles.
Bloomberg reported that the United States Federal Aviation Administration has approved the design changes proposed by Boeing Co for its 787 Dreamliner lithium batteries. The company can now start repairing its fleet of 50 planes which have been grounded since January and has cost the company roughly $600 million.
Lithium Corporation (OTCBB:LTUM) announced that the company has signed an option agreement for the acquisition of Mount Heimdal Flake Graphite property in British Columbia. The property comprises of 3 claims totaling 1,045 hectares.
Galaxy Resources Ltd (ASX:GXY) announced that its Jiangsu Lithium Carbonate Plant has reached 386t in the first half of April 2013.
Nemaska Lithium Inc (TSXV:NMX, OTCQX:NMKEF) announced that the execution of their lithium hydroxide marketing strategy has commenced in Asia where it is targeting battery cathode manufacturers.
Nemaska Lithium Inc (TSXV:NMX, OTCQX:NMKEF) announced that the company has closed its offering of an aggregate of 14,123,168 million units priced at C$0.30/unit for C$4,236,950 in line with the Base Shelf Prospectus last March 4, 2013.
