Canada Lithium signs off-take agreement with Marubeni

9:40 AM MST | January 10, 2013 | Rebecca Coons

Canada Lithium Corp. (Toronto) says it has signed a three-year distribution agreement with Marubeni Corporation, one of Japan's largest commodities trading companies. Under the terms of the agreement, Marubeni will exclusively distribute Canada Lithium's battery-grade lithium carbonate in Japan for an initial three-year period beginning in 2013, with the option to extend the agreement for a subsequent three-year term commencing in 2016. Marubeni will purchase a minimum 2,000 m.t. of lithium carbonate in 2013. It holds an option to increase the off-take to...