Western Lithium USA Corporation – Kings Valley Project, Nevada
Nevada is uniquely positioned to support the world-wide increase in renewable energy production and demand for electric vehicles through lithium mining – the key ingredient to the high-performance batteries, which will power electric vehicles and be used in utility-scale energy storage projects. While wind, solar and geothermal are most often identified as the region’s green resources, the role of the Silver State’s mineral assets, such as lithium, is often overlooked. The Department of Energy estimates that U.S. demand for lithium batteries will increase significantly over the next 20 years, reducing the U.S.’s foreign oil consumption and carbon emissions. As lithium demand increases, Nevada’s founding industry – mining – is primed to carry the state and the country into the future.
The Kings Valley Project
Western Lithium’s Kings Valley project holds the fifth largest known lithium deposit in the world(1) and is located 60 miles north of Winnemucca in Humboldt County, one of Nevada’s largest mining communities. The project, which is located on public land, is anticipated to employ 100-200 workers. Currently in the initial permitting and development stages, it is expected to start production sometime in 2014. As the project starts production, it will be mined in phases to meet demand growth and to ensure full environmental compliance. Once operational, it is expected to produce approximately 30,000 tones (27,700 metric tonnes) of lithium carbonate per year. Western Lithium intends to use an extraction methodology developed by the U.S. Bureau of Mines to process lithium-rich clay.
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Western Lithium USA Corporation
Western Lithium USA Corporation, with offices in Reno, Nevada, and Vancouver, British Columbia, is poised to become the North American leader in the production and supply of lithium. Founded in July 2008, the company is headed by an experienced group of mine builders, engineers and investors. With an infrastructure and support system already in place in Northern Nevada, Western Lithium has a prime advantage in the production of one of the world's largest known deposits of lithium.
(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.