RENO, NEVADA--(Marketwired - April 1, 2014) - Western Lithium USA Corporation ("Western Lithium", the "Company") (TSX:WLC) (OTCQX:WLCDF) is pleased to announce that Matthew Hornor has been appointed to join the Company as a Director.
Ed Flood, Founder and Director of Western Lithium stated that, "Matthew brings to the Company a successful track record of completing investments for major mining projects sourced from Japanese and other Asian investors. Japan, Korea and China, who currently supply approximately 90% of all the lithium ion batteries in the world, are expected to continue to participate in new investment opportunities to support growth in the industry."
Mr. Hornor is the President, CEO and a Director of Kaizen Discovery Inc. He has extensive experience in the mining industry where he has participated in the structuring and execution of complex financial transactions and capital raising activities. Mr. Hornor has been Executive Vice President, Business Development and Legal of Ivanhoe Mines Ltd. (formerly Ivanplats Ltd.) since May 2010 and was instrumental in Itochu Corp.'s approximately US$280 million investment in Ivanhoe's Platreef platinum and nickel project in South Africa. Mr. Hornor previously served as Vice President with Ivanhoe Mines Ltd. (now Turquoise Hill Resources Ltd.) and was based out of Beijing, China. Before joining Ivanhoe, Mr. Hornor worked as a Senior Associate with the international law firm, Paul, Hastings, Janofsky & Walker, LLP in Tokyo, Japan, representing Japanese clients in out-bound cross border transactions, and top-tier U.S. investment banks in corporate finance projects and merger and acquisition transactions totaling several billion dollars in the aggregate.
Mr. Hornor is a graduate of the University of Southern California (Bachelor of Arts) and the University of Virginia School of Law (Juris Doctorate). Mr. Hornor received two Japanese Ministry of Education (Mombusho) fellowships and completed graduate and post-graduate work at Tohoku University in Sendai and at Tokyo University in Law and Economics.
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/plug-in and electric vehicles.