• Mittwoch, 20 November 2024
  • 02:17 Uhr Frankfurt
  • 01:17 Uhr London
  • 20:17 Uhr New York
  • 20:17 Uhr Toronto
  • 17:17 Uhr Vancouver
  • 12:17 Uhr Sydney

Western Lithium Graduates to TSX

01.02.2011  |  Marketwire

RENO, NEVADA -- (Marketwire) -- 02/01/11 -- Western Lithium USA Corporation (TSX VENTURE: WLC)(PINK SHEETS: WLCDF) is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange (TSX) at the opening of the market on Wednesday, February 2, 2011.


The company's current trading symbol, WLC, will remain unchanged and the company's stock symbol in the U.S. will also remain unchanged as WLCDF.


'This listing on the senior TSX board is another milestone in the development of Western Lithium, coinciding with North America's introduction to electric and hybrid automobiles using lithium-ion batteries,' said Jay Chmelauskas, Western Lithium's President. 'The graduation will open up a broader investor base and expand our access to capital as we continue to advance our Nevada-based source of lithium targeted towards North American and Asian battery manufacturers.'


Western Lithium's shares will be delisted from the TSX Venture Exchange (TSX-V) upon commencement of trading on the TSX.


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 hybrid/electric vehicles.


(1) Western Lithium has completed National Instrument 43-101 resource estimates on two portions of the property, one of which is envisioned for the initial stage of mine development. These resources cover part of the mineralization from a historical estimate of 11 million tonnes of lithium carbonate equivalent (LCE) prepared by Chevron Resources Corp. in the 1980s that encompasses all of the King's Valley lithium lens deposits identified to date, and ranks in size behind deposits in Bolivia (47 million tonnes LCE), Chile (37 million tonnes LCE), North Carolina (14 million tonnes LCE) and the DRC (12 million tonnes LCE). Source: R. Keith Evans, 2010; Roskill Information Services Ltd., 2009; and company disclosures. 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.


The TSX Venture Exchange has neither approved nor 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.

Contacts:

Western Lithium USA Corporation

Cindy Burnett

Investor Relations

604-331-9842
info@westernlithium.com
www.westernlithium.com



Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Lithium Americas (Argentina) Corp.
Bergbau
A3ER6Y
CA53681K1003
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.