CANADA LITHIUM CONTINUES TO BUILD MANAGEMENT TEAM WITH APPOINTMENTS OF COO AND CFO
TSX: CLQ; U.S. OTCQX: CLQMF
TORONTO, Sept. 14 /CNW/ - Canada Lithium Corp. (TSX: CLQ; U.S. OTCQX: CLQMF) announced today that it has appointed former IAMGOLD vice president, Charles Taschereau as Chief Operating Officer. Germaine Coombs, formerly Corporate Controller with FNX Mining Company, has joined as Chief Financial Officer.
"Mr. Taschereau and Ms. Coombs have considerable experience and expertise in their respective fields," said Canada Lithium President and CEO Peter Secker. "Additionally, both come from very successful companies. Having them join our team, I think reflects very favourably on our key asset, the Quebec Lithium Project."
Mr. Taschereau has nearly two decades of mining experience in operations and project development, most recently as vice president and general manager of the development and construction of IAMGOLD's US$450-million Essakane Project in Burkina Faso. Essakane is an open-pit mining operation, processing nine million tonnes of ore per annum and now in commercial production. Mr. Taschereau was also Assistant Project Manager in 2004 overseeing a bankable feasibility study for a US$600 million mining project for Gold Fields Ltd. in Finland.
Following graduation from Laval University with an M.Sc., Mining Engineering, Mr. Taschereau rapidly advanced through the ranks first as Chief Metallurgist, then as Plant Superintendant, Plant Manager and General Manager at underground and open-pit mines in South America, Africa and Canada, where he worked inVal d'Or, the location of Canada Lithium's project. He is a professional Engineer of Quebec, holds an MBA from Curtin University, Australia, is a graduate of the Harvard General Management Program, a certified Project Management Professional (PMP) and a Chartered Director (C.Dir.).
Ms. Coombs was most recently Corporate Controller of FNX Mining Company Inc. from August 2004 to May 2010 when it merged with Quadra Mining Ltd. During her FNX tenure, she implemented new accounting systems and infrastructure and developed rigorous internal accounting controls as new mines were brought into production from the exploration and development stages. Ms. Coombs previously rose through the ranks of Iron Ore Company of Canada, taking on increasingly senior roles in operations and corporate finance.
She is a member of the Certified Management Accountants of Ontario and brings more than 15 years of financial and management experience to the Company, predominantly in the mining industry. Ms. Coombs graduated with a Bachelor of Commerce degree from Memorial University of Newfoundland in 1995.
About Canada Lithium
Canada Lithium Corp. is a Canadian-based "clean tech" mine developer trading under the symbol CLQ on the TSX and on the U.S. OTCQX market under the symbol CLQMF. The Company is in the midst of a definitive Feasibility Study (FS) by engineering firm BBA Inc. of Montreal on its Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. A positive FS would lead to construction of an open pit mine and processing plant capable of producing by late 2012 approximately 43 million pounds per year of battery-grade lithium carbonate to meet the growing needs of the emerging global market for electric and hybrid electric vehicles. It has an agreement with Japanese metals trading firm, Mitsui and Co. Ltd., to market a portion of Canada Lithium Corp.'s product in China, Korea and Japan. Metallurgical tests from deposit samples have produced battery-grade lithium.
Please visit the Canada Lithium website at www.canadalithium.com. Recently, Canada Lithium Corp. and its wholly-owned subsidiary Quebec Lithium Inc., were featured on CBC's National TV network. To read the subsequent CBC article and view the video, please click on the link provided on Canada Lithium's Home Page.
Corporate Office: 401 Bay St., Suite 2010, P.O. Box 118, Toronto, ON. M5H 2Y4
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The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of Canada Lithium Corp. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of Canada Lithium Corp. management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the Company. Canada Lithium Corp. disclaims any obligation to update information contained in any forward-looking statement.