Last C$0.70 CAD
Change Today +0.01 / 1.45%
Volume 400.0K
WLC On Other Exchanges
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As of 1:37 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

western lithium usa corp (WLC) Snapshot

Open
C$0.69
Previous Close
C$0.69
Day High
C$0.73
Day Low
C$0.68
52 Week High
09/4/14 - C$1.00
52 Week Low
06/16/14 - C$0.45
Market Cap
83.5M
Average Volume 10 Days
652.5K
EPS TTM
C$-0.06
Shares Outstanding
119.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTERN LITHIUM USA CORP (WLC)

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western lithium usa corp (WLC) Details

Western Lithium USA Corporation, a resource company, engages in the acquisition and development of mineral properties in Nevada. It primarily focuses on the development of the Kings Valley properties consisting of a series of approximately 2,758 unpatented mining claims covering n area of approximately 15,233 hectares located in Humboldt County, Nevada. The company focuses on producing lithium carbonate from its Kings Valley property for use in lithium battery applications. It also produces an organophilic clay-based drilling additive, Hectaton for the oil and gas industry, as well as 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.

25 Employees
Last Reported Date: 12/18/14
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$175.0K
President of Hectatone Inc
Total Annual Compensation: C$37.2K
Senior Vice President of Project Development
Total Annual Compensation: C$270.0K
Senior Vice President of Development
Total Annual Compensation: C$243.0K
Compensation as of Fiscal Year 2014.

western lithium usa corp (WLC) Key Developments

Western Lithium USA Corporation Announces Production Results from its Demonstration Plant in Germany; Provides Production Guidance for 2015

Western Lithium USA Corporation announced that it that it has produced a high quality lithium carbonate from its demonstration plant in Germany. Highlights from the Western Lithium news release are: 99.8% high quality lithium carbonate produced in first trail run of Western Lithium's demonstration plant in Germany. Western Lithium expects to produce several tons of lithium products in 2015 to verify equipment selection and to provide production run samples for potential off-take sales. Permitting and engineering work is planned to accelerate in 2015 based on current discussions with several strategic partners that have indicated interest to partner with the Company. Lithium hydroxide studies have been advanced to finalise the design of Western Lithium's lithium hydroxide circuit for production. The Company expects to test its lithium hydroxide circuit in pilot tests in 2015. Western Lithium has previously tested its high purity lithium product in battery tests with a lithium-ion battery laboratory in the United States, that demonstrated satisfactory performance in cycle testing of lithium-ion battery cells. The company has processed 75 tons of material, using oxidized ores from its Nevada property, through a calcination plant in Weimar, Germany, at a rate of 12 tons per day. The lithium calcine produced in the Company's proprietary process has been further treated at its leaching and crystallization facility in Sondershausen, Germany, at a rate of 5 tons/day. This pilot facility, which has been commissioning since October 2014, has been designed to produce 72 kg/day of high purity lithium carbonate that equates to over 20 tons/year, if operated continuously. The company expects to produce several tons of lithium products in 2015 during several campaigns to verify equipment selection and to provide production run samples for potential off-take sales. Lithium extraction recovery was measured at 85-90% with tailings containing 200-300 parts per million lithium. These values are in line with commercial design criteria. The operating plant will continue to be optimized prior to the run of the next production campaign, which will include the production of byproducts potassium sulphate and sodium sulphate. The Company plans to granulate, calcine, and process approximately 250 tons of additional lithium feed (a mix of lithium clay, anhydrite and dolomite). The plant is being modified based on the results of the first trial run to now include, for example, an automatic feed system and dust collection units at the granulation/calcination facility and improvements to the leaching circuit to increase performance.

Western Lithium USA Corporation Produces First High Purity Lithium in Germany in its First Trial Run While Commissioning its Demonstration Plant in Germany

Western Lithium USA Corporation announced that it has produced 99.8% high quality lithium carbonate in its first trial run while commissioning its demonstration plant in Germany. The Company has previously tested its high purity lithium product in battery tests with Argonne National Laboratory, a leading lithium-ion battery laboratory in the United States, that demonstrated satisfactory performance in cycle testing of lithium-ion battery cells. Initial results regarding its demonstration plant indicate that lithium extraction and brine concentration are in line with design parameters established in the company's NI 43-101 Technical Report filed May 9, 2014. Western Lithium intends to be a new supplier of lithium for the lithium-ion battery market that is experiencing strong growth from electrified vehicles, energy storage applications and consumer electronics. Permitting and engineering work is planned to accelerate in 2015 based on current discussions with several strategic partners that have indicated interest to partner with the company. In addition, lithium hydroxide studies have been advanced to finalize the design of Western Lithium's lithium hydroxide circuit for production. The company expects to test its lithium hydroxide circuit in pilot tests in 2015. Western Lithium has processed 75 tons of material, using oxidized ores from its Nevada property, through a calcination plant in Weimar, Germany, at a rate of 12 tons per day. The lithium calcine produced in the company's proprietary process has been further treated at its leaching and crystallization facility in Sondershausen, Germany, at a rate of 5 tons/day. This pilot facility, which has been commissioning since October 2014, has been designed to produce 72 kg/day of high purity lithium carbonate that equates to over 20 tons/year, if operated continuously. The company expects to produce several tons of lithium products in 2015 during several campaigns to verify equipment selection and to provide production run samples for potential off-take sales. Lithium extraction recovery was measured at 85-90% with tailings containing 200-300 parts per million lithium. These values are in line with company's commercial design criteria. The operating plant will continue to be optimized prior to the run of the next production campaign, which will include the production of byproducts potassium sulphate and sodium sulphate. The company plans to granulate, calcine, and process approximately 250 tons of additional lithium feed (a mix of lithium clay, anhydrite and dolomite). The plant is being modified based on the results of the first trial run to now include, for example, an automatic feed system and dust collection units at the granulation/calcination facility and improvements to the leaching circuit to increase performance.

Western Lithium Mulls Acquisition

Western Lithium USA Corporation announced a private placement and expects to receive CAD 1.76 million in funding. Western Lithium USA Corporation said in Sedar filling, “The proceeds will be used for the Company’s Colorado Mining operations, in particular with measures to restart the Sunday complex, and for general working capital purposes and to fund general and administrative expenses. In addition, some or all of the proceeds could also be used to fund property acquisitions, to the extent that any are identified and pursued by the Company.”

 

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