Topic: How To Invest

Hi: I would like to have your opinion on this stock: Canada Lithium Corp. Thanks.

Article Excerpt

Lithium is used in batteries for electric cars, and has sparked investor interest lately. Demand is rising, although new sources of supply will likely eventually arise to meet that demand. Canada Lithium, $0.68, symbol CLQ on Toronto (Shares outstanding: 150.0 million; Market cap: $102.0 million), is undertaking a feasibility study on its Quebec Lithium Project, near Val d’Or, Quebec. If the feasibility study is positive, Canada Lithium could build an open-pit mine and processing plant on the site, and start production in late 2012. This operation would be able to produce about 43 million pounds of battery-grade lithium carbonate per year for 13 years. The project includes a former lithium carbonate mine that was active in the 1950s and 1960s. Canada Lithium has an agreement with major Japanese metals-trading firm Mitsui and Co. Ltd. to market some of the proposed mine’s lithium carbonate in China, Korea and Japan. The companies signed the deal after metallurgical tests produced battery-grade lithium from the Quebec…

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