Western Lithium USA Corporation
TSX : WLC
OTCQX : WLCDF

Western Lithium USA Corporation

May 15, 2015 07:00 ET

Western Lithium Corporate Update

RENO, NEVADA--(Marketwired - May 15, 2015) - Western Lithium USA Corporation ("Western Lithium", the "Company") (TSX:WLC)(OTCQX:WLCDF) is responding to reports that it has agreed to an equity placement of stock with an international industrial group. Consistent with its continuous disclosure reporting, the Company is pursuing potential corporate finance and commercial opportunities to advance its business and is in discussions with multiple parties, regarding such transactions. At this time none of these initiatives have advanced to the stage that they would warrant public disclosure.

About the Company

The Company is developing its Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium products. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium that is expected from the increased use of hybrid/electric vehicles, consumer electronics, and consumer and industrial lithium battery storage applications. In addition, 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.

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