Last C$0.82 CAD
Change Today -0.01 / -1.20%
Volume 451.9K
As of 3:59 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

western lithium usa corp (WLC) Snapshot

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09/4/14 - C$1.00
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11/18/13 - C$0.18
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western lithium usa corp (WLC) Details

Western Lithium USA Corporation, a mineral resource company, is engaged in the acquisition, exploration, and development of lithium resource properties in northwestern Nevada. It primarily focuses on the development of the Kings Valley properties consisting of a series of approximately 2,658 unpatented mining claims located in Humboldt County, Nevada. The company is developing lithium carbonate and organoclay from its property in Kings Valley in northern Nevada. It intends to supply specialty drilling additive, HECTATONE and other organoclays for the oil and gas industry, primarily to support the growth of high pressure high temperature, deep directional drilling applications. The company was formerly known as Western Lithium Canada Corporation and changed its name to Western Lithium USA Corporation in May 2010. Western Lithium USA Corporation was incorporated in 2007 and is headquartered in Vancouver, Canada.

16 Employees
Last Reported Date: 12/18/13
Founded in 2007

western lithium usa corp (WLC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$300.0K
Chief Financial Officer
Total Annual Compensation: C$100.0K
Senior Vice President of Project Development
Total Annual Compensation: C$253.8K
Senior Vice President of Development
Total Annual Compensation: C$228.4K
Vice President of Marketing - Hectatone Inc
Total Annual Compensation: C$16.6K
Compensation as of Fiscal Year 2013.

western lithium usa corp (WLC) Key Developments

Western Lithium Advances Nevada Lithium Supply with Demonstration Plant Startup

Western Lithium USA Corporation announced that it has commenced calcination of its lithium clays in the first of three planned campaigns to demonstrate the viability of extracting lithium on a large scale from its lithium-rich clay deposit in Nevada. The calcination is the first step to turn the lithium bearing clay into water soluble lithium sulphates, so that a brine can be produced through leaching. The 12 tons per day calcination plant is now operational, while the downstream leaching, crystallization and precipitation process is still under construction and expected to be operational in November 2014. The planned production of lithium compounds will continue through the fall and into the spring of 2015 to determine engineering parameters and equipment selection to complete a definitive feasibility study for the company's US patented extraction process. Western Lithium will include a lithium hydroxide circuit, in addition to planned production of lithium carbonate, to meet potential new industry requirements. The company estimates that its planned annual production of up to 26,000 tonnes per year of lithium carbonate equivalent (LCE) would meet lithium demand for between 500,000 to over 1 million electric cars, depending on the size of the automotive lithium-ion batteries. Furthermore, Western Lithium's property hosts inferred and historical lithium resources that extend for over 20 miles across Federal mining lithium claims in Nevada. This mineralization has not been included in mine planning to date creating the potential, subject to upgrading of the resource confidence levels of the material and development studies, for production expansion. Approximately 165 tonnes of lithium clay will be calcined with a mix of anhydrite and dolomite, all shipped from Nevada, at a rate of 12 tonnes per day to a facility in Weimar, Germany. The calciner is 1 meter in diameter by 12 meters long and instrumented and operated by experts in thermal technology. The crystallization and precipitation plant is under construction at a facility that was previously used for lithium pilot testing in Sondershausen, Germany, and is expected to be operational in November 2014. The Company has spent the last several years advancing its lithium project to be ready for a demonstration campaign. Starting in 2011, large diameter (0.9 meter) drillholes were completed through the center of its Nevada lithium deposit to secure large bulk representative ore samples. In 2012, the Company completed a pre-feasibilty study that supported the economic basis for production that could make Nevada into a major new supply source for lithium. A detailed design for a lithium demonstration facility was completed in 2013, and procurement, construction and commissioning of the lithium demonstration plant is on-going through November, 2014, with lithium compound production expected by the end of 2014.

Western Lithium USA Corporation Presents at The Enercom Oil & Gas Conference, Aug-21-2014 10:05 AM

Western Lithium USA Corporation Presents at The Enercom Oil & Gas Conference, Aug-21-2014 10:05 AM. Venue: The Westin Denver Downtown, 1672 Lawrence St, Denver, Colorado, United States.

Western Lithium USA Corporation Announces Executive Changes

Western Lithium USA Corporation announced that Frank B. Wright, Jr., has accepted the position of President of the company's wholly-owned subsidiary Hectatone Inc. effective August 1, 2014. Edward Flood, the founder and a director of Western Lithium, has been appointed to join John Macken as Co-Chairman of the Board. Frank brings approximately 40 years of clay industry experience to the company that includes: President of American Colloid Company, Vice President of AMCOL International Corp, President & CEO of Bentonite Performance Minerals, LLC, President of Volclay International, Plant operations manager, product development, and quality assurance manager with Baroid Fluids.


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