| Western Lithium Signs Distribution Agreement for Us Regional Sales of Hectatone(TM) Products | |
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RENO, NEVADA--(Marketwired - Sep 30, 2014) - Western Lithium USA Corporation ("Western Lithium", the "Company") (WLC.TO)(WLCDF) is pleased to announce that its wholly-owned subsidiary Hectatone Inc. has signed a distribution agreement with Raw Materials Corporation ("RMC") of Houston, Texas to sell the Company's Hectatone™ products in five US states. About the Company Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, Hectatone™ and potentially other organoclays for the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications. The Company is also developing its Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source 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 hybrid/electric vehicles. Forward-looking statements Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company's periodic filings with Canadian securities regulators. When used in this document, the words such as "expect", "scheduled", "targeting" and similar expressions are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Statements in this release that constitute forward-looking statements or information include, but are not limited to (i) the commencement of Hectatone™ product sales in 2014; and (ii) the completion of construction and commmencement of manufacturing operations at the organoclay plant. All such forward-looking information and statements are based on certain assumptions and analyses made by Western Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks Factors" in the Company's most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking information or statements.
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Lithium Americas. is a exploration company based in Canada. Lithium Americas. develops lithium and uranium in USA. Its main asset in development is KINGS VALLEY in USA. |