Western Lithium Corporation.
Overview
Western Lithium is developing its Kings Valley, Nevada lithium deposit into potentially one of the world’s largest strategic, scalable and reliable sources of high quality lithium carbonate.
The Kings Valley project has a National Instrument 43-101 resource estimate and preliminary assessment and economic evaluation (PAEE) for the initial stage of development, a National Instrument 43-101 resource estimate for potential expansion of production, and in total hosts a historically estimated 11 million tonnes(1) of lithium carbonate equivalent (LCE). From this U.S.-based resource, the company intends to produce in the first stage approximately 27,700 tonnes per year of LCE starting in 2014, coinciding with the expected increase in the use of mobile electronics and the rise in production of lithium-ion batteries for hybrid/electric vehicles.
The project is located in Northern Nevada, which has a long history in the metals and industrial mineral mining industry and a well developed local infrastructure. The project is located close to paved roads, rail and power lines and within easy reach of west coast shipping ports.
The company was spun out from Concordia Resource Corp., formerly Western Uranium Corporation (TSX-V: CCN) in July 2008 and Concordia Resource Corp. retains an approximate 28.5% interest in the company.
(1) Based on a 1983 non-43-101 compliant report prepared by Chevron Resources (the “Chevron Report”). Western Lithium cautions readers not to place undue reliance on the content and conclusions of the Chevron Report, which was not prepared in compliance with National Instrument 43-101. The Chevron Report uses terminology other than those approved by Canadian Institute of Mining Guidelines.