Western
Lithium Named as Part of TSX Venture 50
Reno, Nev., USA: The TSX Venture Exchange today announced that Western
Lithium Corporation (TSX-V: WLC; PK: WLCDF) has been named as a member of the
TSX Venture 50, a ranking of strong performers listed on TSX Venture
Exchange. TSX Venture 50 is comprised of 10 emerging companies in each of
five industry sectors that have been identified as leaders in Canada’s public
venture market.
“We are honored to be named as part of this
year’s TSX Venture 50,” said Jay Chmelauskas, Western Lithium’s
President. “Our listing on the TSX Venture Exchange has provided us with
a platform to develop the company, and our market achievements over the past
year are just one step in the advancement of our Nevada lithium project.”
The 2010 TSX Venture 50 were selected based
on four equally weighted criteria that include return on investment, trading,
analyst coverage and market capitalization growth in Cleantech, Mining, Oil
& Gas, Diversified Industries and Technology and Life Sciences sectors.
“We are pleased to celebrate the 2010 TSX
Venture 50,” said John McCoach, President, TSX Venture Exchange. “These
outstanding companies are proven leaders in their respective sectors and we are
proud to have them listed on TSX Venture Exchange. We wish them all
continued success.”
Western Lithium is developing the Kings
Valley, Nevada lithium deposit into potentially one of the world’s largest(1)
strategic, scalable and reliable sources of high quality lithium
carbonate. The Company is positioning itself as a major U.S.-based
supplier to support the rising global demand for lithium carbonate that is
expected from the increased use of mobile electronics and hybrid/electric
vehicles.
For further information contact:
Western Lithium Corporation
Cindy Burnett, Investor Relations
Telephone: 604-331-9842
Email: info@westernlithium.com
Website: www.westernlithium.com
The
information contained herein is for information purposes only and is not an
invitation to purchase securities listed on TSX Venture Exchange and/or Toronto
Stock Exchange. TMX Group Inc. and its affiliates do not endorse or
recommend any securities referenced. Neither TMX Group Inc. nor its affiliated
companies represents, warrants or guarantees the accuracy or the completeness
of the information. You should not rely on the information contained
herein for any trading, business or financial purposes. TMX Group Inc.
and its affiliates assume no liability for any errors or inaccuracies herein or
any use or reliance upon this information.
(1) Western Lithium has completed a National Instrument 43-101 resource estimate
for the envisioned initial stage of development. The current resources
are part of the historical estimate of 11 million tonnes of lithium carbonate
equivalent (LCE) prepared by Chevron Resources and ranks in size behind
deposits in Chile (32 million tonnes LCE), Bolivia (29 million tonnes LCE),
North Carolina (14 million tonnes LCE) and the DRC (12 million tonnes
LCE). Source: Roskill Information Services Ltd., R. Keith Evans,
National Research Council and Western Lithium estimates. A qualified
person has not done sufficient work to classify the historical estimate as
current mineral resources under National Instrument 43-101, the Company is not
treating the historical estimate as current mineral resources and the
historical estimate should not be relied upon. A copy of Western
Lithium’s 43-101 technical report has been filed on SEDAR under the Company’s
profile.
The TSX Venture Exchange has neither
approved or disapproved of the contents of this press release. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.