Western Lithium USA Corp. is developing a major lithium deposit in Northwest Nevada with the intent of supplying new lithium demand requirements brought on by the wide spread adoption of lithium-ion batteries for consumer electronics and, increasingly, electric and hybrid vehicles.
Lithium demand for batteries has grown steadily over the past several years and is forecast by Roskill to grow annually by 21.5% until 2017 (1). Western Lithium believes that demonstrated new acceptance of electrified vehicles as plug-in hybrids and electric vehicles will increase demand for lithium further over the next several years.
Western Lithium believes that a domestic supply chain will emerge in the United States consisting of new innovation and invention around lithium powder chemistries, and battery technology. As a domestic supplier of lithium molecules, we think we are well positioned to fuel this important technology for the future of automation, energy optimization and energy storage.
Lithium Project Overview Video Presentation
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Hectatone organoclay plant construction, March 31, 2014
Introducing new Hectatone™ products - thermally stable organoclay for High Pressure High Temperature oilfield drilling applications – in 2014
Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, hectorite clay, for the oil and gas industry, and in particular, to support the growth of high pressure high temperature (HPHT) deep directional drilling applications.
HPHT drilling environments are encountered for certain shale and deep offshore oil and gas deposits. Western Lithium believes that HPHT opportunities will continue to grow as new directional drilling technology is used to globally target new unconventional oil and gas reserves.
Construction work has commenced on a 10,000 tpa clay facility in Fernley, Nevada. Western Lithium expects the plant to be commissioned in the summer of 2014.