QUEBEC – Canada Lithium of Toronto has awarded the contract for engineering, procurement, construction and management of its open pit mine and processing plant to Montreal-based Genivar Inc (www.Genivar.com). In addition, Genivar will be supported by Met-Chem Canada (www.Met-Chem.com), also based in Montreal, for part of the process design and engineering stages.
Commissioning of the mine and plant is scheduled for late 2012, with full production expected in 2013, subject to financing and final permitting. Based on the feasibility study completed in mid-December 2010, initial capital costs are estimated to be US$202.0 million and operating costs are estimated at US$2,600 per tonne of battery-grade lithium carbonate.
Genivar has significant expertise in the lithium-ion battery sector. It is currently building a state-of-the-art, lithium-based cathode material manufacturing plant near Montreal. This cathode material is an essential element of the new, efficient and environmentally benign lithium-ion batteries coming on to the market. In addition, Genivar has large engineering and environmental offices in both Val d’Or and Amos, in close proximity to the Quebec lithium project.
Visit www.CanadaLithium.com to read the technical reports available on the project.