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It will moving up today.
Check out WLCDF might have nice run today I don't have private message or I would send more info
SQM is looking to join South Korea’s Posco and FMC Corp. in Argentina where President Mauricio Macri has removed capital and currency controls and an export tax in a bid to jumpstart its mining industry. “Almost all” lithium companies are looking at Argentina right now, Mining Secretary Daniel Meilan told an industry conference in Toronto on March 7.
“One of the main objectives of this deal is to use SQM’s technical experience to reduce risks of developing Cauchari," Lithium Americas Chief Executive Officer Tom Hodgson said in a separate e-mailed statement.
SQM is locked in a legal battle with the Chilean government over mining rights in Salar de Atacama, which accounts for more than a third of earnings. The government has threatened to revoke the license, accusing the company of underpaying royalties. SQM says it has complied with its contractual obligations.
nrcmedia Post show how he does Research
1.sorry you sold early Overlord...otherwise you could have made some money tomorrow. False
Correct Information #3239 Post I Sold over half my shares today at .36 all were bought at .19 to .26 Nice gain for me.
Borax Argentina
Looks Like Borax is doing good.
Caution Regarding Forward-Looking Information
Day traders are flooding to this stock as you can tell by the message board picking up a few that post. I have respect for anyone who can day trade make money or even stay above water. Long on a day trade shorts on a day trade and they can be in and out under 10 min and walk away making a nice profit.
News Price movement and Volume along with charts attracts them so I wish them luck. As for the people who Hold the stock a Week months years or plan to hold till a retirement I would say any price above your buy price when you sell is a good job.
I think we will see a gap up in the open .41 then if it breaks .49 Rocket time.
I am also positive the stock should pic up some Investors from SQM and from other Larger Players who this stock just landed on there radar. It is a Discount anything under .70 cents. I sold about 55% to 60 percent of my position the other day and posted why.
I might be able to buy in my own account so I will be looking to get in at the Bell myself.
I believe the Investor Hub administrators removed you as a moderator. If that is an accurate you can protest.
There's a fine line between being clever
And being hostile
I personally own shares Within lithium ETF of his particular company
And now that we are monitoring the board more accurate information will be available. And when Investor Hub posters are able to be informed without being bashed harassed belittled hijacked mislead they'll be more comfortable to post. It's like taking the curtain off in The Wizard of Oz you're able to see more clearly where the yellow brick road really goes and follow it for the big bag.
By all means feel free to post but be reminded that will we enforcing in full affect Investor Hub policy agreement and any violation of this could end up having an administrator place a poster in the Investor Hub jail. I have no experience there but I heard no one listens to anyone there either.
Western Lithium USA Co. to Post FY2016 Earnings of ($0.01) Per Share, Dundee Securities Forecasts (WLC)
March 28th, 2016 - By Maddie Sorensen
Western Lithium USA Co. (TSE:WLC) – Analysts at Dundee Securities issued their FY2016 earnings per share estimates for shares of Western Lithium USA in a research note issued to investors on Wednesday, Zacks Investment Research reports. Dundee Securities analyst D. Talbot expects that the brokerage will post earnings per share of ($0.01) for the year. Dundee Securities also issued estimates for Western Lithium USA’s FY2017 earnings at $0.00 EPS.
Western Lithium USA (TSE:WLC) opened at 0.495 on Monday. Western Lithium USA has a 12-month low of $0.26 and a 12-month high of $0.96. The stock’s market cap is $144.09 million. The firm has a 50-day moving average price of $0.43 and a 200-day moving average price of $0.35.
Tesla's Gigafactory in Nevada Bacanora Announces Sonora Lithium Project Signing Lithium Supply Contract
lithium-bearing clay deposit Closer to Plant using New Technology broker threw Rare Earth might be something happening.
Rare Earth Minerals PLC approximately 1.35% (17 September 2015) interest in Western Lithium USA Corp (“Western Lithium”), which owns the Kings Valley Lithium Project in Nevada
Rare Earth Minerals PLC buys into Australia lithium prospects
Rare Earth Minerals PLCowns a direct interest of 17.19% of Bacanora
Resource technology company Lithium Australia has developed an innovative extraction technology capable of extracting vast quantities of lithium previously considered sub-economic.
Using a technology known as the Sileach process, Lithium Australia is able to rapidly and substantially increase the amount of lithium extracted from mineral reserves.
Independent laboratory testing of the Sileach process have returned extraction results from spodumene, the primary source of hard-rock lithium, of up to 92 percent in only four hours.
"The Sileach process is a hydrometallurgical technique quite different from conventional lithium extraction processes, which require extremely high pressure and high cost procedures," Lithium Australia managing director Adrian Griffin said.
"Our process is low cost and environmentally friendly, which is valuable not only for newly mined materials but also for previously discarded lithium deposits thought too low-grade to be commercialised.
"Potentially, we are looking at global disruption of the lithium market as we unlock value within readily available and already extracted lithium deposits.
In light of
the recent results, the Company has determined that additional specific engineering work will be
required to optimize the front end of the process to produce a clean and concentrated lithium brine
on a commercial scale. In addition, the Company has become aware of recent technological
advancements in producing lithium compounds from brines, and believes these innovative and
sustainable technologies warrant further review for potential incorporation into the Nevada
processing plant design.
This might be worth more of a look I am researching.
The Sileach process has the potential to release the value from stranded lithium silicate deposits – those deposits quarantined by sub-economic grades. It can then transform low-grade spodumene occurrences into viable ore as, due to lower projected operating costs, it is less sensitive to feed grade.
The result of this is lower cut-off grades for resource calculations, expansion of existing resources without the requirement for further drilling, and greater recovery of metal inventories.
As the lithium is precipitated from solution in the Sileach process, all impurities in lithium silicate feed can be rejected during the production of lithium chemicals. Spodumene, and other silicates, in which impurity concentrations would otherwise render them unmarketable, can now be considered viable process feed.
“The Sileach™ process will not only provide a commercial opportunity for newly mined materials, but will also unlock the value of lithium minerals
Looks good any input would be welcome good week to come. Hold of Bangs
I will be working on the message board make sure it has information to keep the Investor in the loop.Billjet will also keep the ship afloat.
If anyone needs anything feel free to message use and we will look into the matter using all tool available.
It would be listed in a sec Q10 but Otc STOCK is not required to File.
I own Orocobre Limited in my The Global X Lithium ETF I feel more comfortable with it there.
OTC RISK WARRING OROCF No financial reports have been posted for OROCF No SEC Filings data is available for OROCF
THERE CAN BE NO ASSURANCE THAT THE INFORMATION PROVIDED ON THIS SITE IS ACCURATE OR ERRORFREE. ANY USER OF SUCH INFORMATION EXPRESSLY ASSUMES ALL RISKS FROM USING THE INFORMATION. In particular, OTC Markets Group does not review, and is not responsible for confirming, the accuracy of issuer documents and information submitted to OTC Markets for inclusion on this site. The issuer and its management are primarily responsible for the accuracy of any information regarding the issuer provided on this site. INVESTORS ARE URGED TO CONFIRM THE ACCURACY OF ANY INFORMATION OBTAINED FROM THIS SITE PRIOR TO MAKING ANY INVESTMENT DECISION. The information on this site is not intended to be used as the basis for any investment decision.
An investment in an OTC security is speculative and involves a high degree of risk. Many OTC securities are relatively illiquid, or "thinly traded," which tends to increase price volatility. Illiquid securities are often difficult for investors to buy or sell without dramatically affecting the quoted price. In some cases, the liquidation of a position in an OTC security may not be possible within a reasonable period of time.
I am sure the Information is correct why would they give projections that are not true? I just read these warring and understand to tread water lightly.
I get confused on these projection is any sec filing I can read on the Information ?
Market Cap does Not Reflect the large prior investments of over 200 million in CAPEX R&D Engineering already in place.
I been thinking about this the people running company drive the price down then buy the stock with there own sister company at next to nothing price.is this what happen? or i am reading the connection wrong.
The Skin in the game will bring this stock back up.
TFG Radiant Investment Group Ltd. “Lee Kong Hian” has been a Signatory for/with the following 2 Registrants:
Ascent Solar Technologies, Inc.
TFG Radiant Investment Group Ltd
Mr. Inbo Lee served as Vice President of Business Development - Global PV Market at Ascent Solar Technologies, Inc. until February 10, 2016 and served as its Vice President of Corporate Strategy and Investor Relations. Mr. Lee served as the Chief Executive Officer of TFG Radiant Investment Group Ltd.
Insiders own 13.49 percent of the stock. TFG RADIANT INVESTMENT GROUP LTD is one of the largest insider shareholders in Ascent Solar Technologies, Inc., according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 5873594 shares which have current market value of around $352415.64. KUMAR AMIT is another major inside shareholder in the company. The insider owns 368306 shares as of 01/01/2016, currently worth $22098.36. MARSH G THOMAS is ranked as third insider holder of the stock. This insider holds 311650 shares with a market value around $18699 as of recent close.
Western Lithium Clay process of roasting might not best.
I been researching and this news out of Lithium Australia is interesting Like the POSCO these guy are testing Lithium extraction from methods of spodumene. the Benefits he biggest cost of recovering lithium chemicals from spodumene, by conventional means, is the energy required for roasting. This requires very high temperatures, that need to be maintained for long periods of time to make the spodumene reactive. We have removed all of the energy requirements from the process, which is done in aqueous solution, at low temperature, and atmospheric pressure. We can also recover some of the other chemical components of the spodumene as by-products creating addition operating cost credits. Our aim is to halve the operating cost of producing lithium carbonate from spodumene.
The reduction of costs, makes material available for processing, that in the past may not have been considered ore. This includes lower grade and contaminated spodumene that may be in dumps and tailings dams and it includes all silicates, not just spodumene.
This could be something looked into with the location of Kings valley clay deposit and not having the cost of roasting and time it take could be huge savings
BillJet is a ? you can help me with maybe?
If Ococobre is only able to make 492 tonnes in a quarter and the break even Point is 650 ton a month well that is 2600 Ton ONLY MAKING 492 IS 2108 TON SHORT of goal. And Its not pure guilty as to be ship out and processed even more just to be used in Lithium Batteries.
Is this Correct still need more research.
During the September quarter 492 tonnes of lithium carbonate product were produced.
The Olaroz Lithium Facility will reach breakeven point on an operating cost basis (net of taxes paid or reimbursed), when production reaches approximately 650 tonnes per month, subject to variability in final average sales price.
An investment in an OTC security is speculative and involves a high degree of risk. Many OTC securities are relatively illiquid, or "thinly traded," which tends to increase price volatility. Illiquid securities are often difficult for investors to buy or sell without dramatically affecting the quoted price. In some cases, the liquidation of a position in an OTC security may not be possible within a reasonable period of time.
Thanks Billjet any Helpful Info please.
Trading is a zero-sum game: Market moves aside, every dollar won by one trader comes out of the pocket of another trader. Day traders competing against Wall Streeters is the equivalent of a college football team (or Pee Wee team, depending on the day-trader's skill) competing against a pro team. Is it possible to win? Yes. But it's highly unlikely (1 in 100). Wall Street's winnings do have to come from somewhere, though, so Wall Street thanks the day traders for playing.
Its Hard core out there I do day trading sometimes for under 8000 a trade it not easy and I only day trade 5000 to 8000 on a stock I can put a stop loss on. any OTC stocks I will only risk under 2000 dollars and I have be watching my Pc screen from Home or my cellphone I spend weeks looking and researching for the right timing to trade. I am just above 50% since 2013 it very hard and I read books watch Utube chart training and spend over 40 hours a week reading. That and I play wall street survivor
The Daily stock price does not reflect the Investment for any time other than the Day. so if you are a day trader and you bought today low and sold High then yes it was a good day. If you bought high and shorted low then yes it was a good day.Daily Price without the sale or a buy has no real meaning on the long term. Example you buy 100 share WLCDF at .30 at 10 am
some news comes out its viewed as great buyers come in start buying shares stock starts to go up .32 10.30 .36 11.am .45 12 pm .65 1.00 pm OMG stock is going crazy buyers are buying sellers are not selling ask price keep going up and up .4 PM MARKET close WLCDF 1.00 Dollars its Worth 100.00 Dollars New comes at 5 pm No funding test results suck CEO get arrested for
something. 9.30 am Gao down .65 cents Open Seller come in Sell Sell Sel .55 you freak put in a Limit order to sell at .55 it does not Fill .53 .53 your hands are shaking you spill coffee on your PC key board and the screen
locks up. you restart you pc .25 your so pissed of now you say I am not taking a loss I will hold it will be ok. 4 pm comes stock market closes. share price .30 Point is the daily price only matter to day trading.
Investorhub has been notified about your post on the WLCDF message board and action is pending.
Board Title and Ticker REQUEST has been submitted. This is Easter weekend and for other its time to reflect on Humility.
Under this section I request the name change to Investorhub so when march 30 date comes all the Post stay on the same board managed by Myself and Billjet.I been updating how this board looks along with trying to keep the board relatively Informed. Western Lithium name has change and there symbol will change nothing more.The simplified business structure of Lithium Americas is as follows
Lithium Americas Corp.
(Canada)
Hectatone Inc.
(USA)
Minera Exar S.A.
(Argentina)
Lithium Nevada Corp.
(
Board Name/Ticker/Category Change Request
Board Name
Western Lithium USA Corp.
Ticker
WLCDF
Reason*
Category
Submit Request
Does that Help you?
I did not think Jay would be leaving. That caught me off guard. After the merger when I seen the management structure it did not make sense to me why ended up in the position after the The merge.
As I recall lithium Americas what's having management troubles Share value troubles and that's where Western lithium seen an opportunity.
It was Jay and his leadership that led them to the OTC top 50. I also felt that Jay brought a younger in more modern mediaface. He also shared the connection with Elon Musk attending the same University. If being successful is contingent upon being the leader of a CEO then taking a backseat would be amount of drive and skill set that he had would take more than just an act of humility. I'm not too sure if he's going to solely focus on the graphene company that he's involved in or possibly use his expertise as a CEO in another lithium company. I do feel that this is a big catalyst as to whether or not lithium Americas going forward is successful. I'm keeping an open mind but the jury is still out.
Lumus Unveils Breakthrough Augmented Reality Development Kit at CES 2016
http://www.prnewswire.com/news-releases/lumus-unveils-breakthrough-augmented-reality-development-kit-at-ces-2016-300198795.html
Dundee Capital Markets comments on Western Lithium USA Corp.
According to Dundee Capital Markets:
http://research.dundeecapitalmarkets.com/en/~/media/Dcm/Publications/CoverageListResearch/2016/March/W/WLC032316.ashx
Lithium Americas Corp
(formerly Western Lithium USA Corp.)
(WLC-T: C$0.44) intraday
March 23, 2016
BUY, Speculative Risk
Dundee target: C$1.20
We reiterate our BUY recommendation and target price of C$1.20/sh. Western Lithium has re-branded as Lithium Americas. This puts its best foot forward; should help improve investor sentiment and take advantage of the current attractiveness of both lithium and Argentina. A 0.6x multiple is applied to our 10% Kings Valley NV DCF model; for Cauchari brine project in Argentina we use its US$66 MM merger book value. Given recent re-prioritization, it's possible that we might see this reverse, although we make no adjustments at this time. A Cauchari strategic alliance announcement expected any day could make a large impact to valuation. Kings Valley, a longer term project, may see new processing technologies explored. This might improve chances of engineering a lower cost flowsheet and successful development, but its timeline may be pushed further.
Groundwork set to follow in footsteps of Orocobre (ORL-T, BUY, C$3.00 target). Not surprisingly, typically higher cost hard rock lithium stocks have better leverage to rising prices and have recently outperformed the fewer brine stocks. But those with good projects, whether brine or hard rock, often rise to the top, as Orocobre was able to do. ORL's and LAC's main projects share the same salars.
We expect further share price appreciation. LAC's obvious focus on the well advanced Cauchari project should highlight its attractiveness to investors and potential partners alike; given a positive brine LCE Feasibility Study; recent pro-business and pro-mining economic reform in Argentina; strong lithium demand; rapidly rising LCE prices; large resources; and full permits.
Name change reflects brine/Argentina focus. Lithium Americas Corp. (LAC-TSX effective 30-Mar-16) is likely the better brand name, project-wise, given its near term, low cost Cauchari brine flagship. Argentina investment is much more attractive since Macri's Government lifted economic restrictions, import/export controls and ended artificially high FX. This should positively impact margins, access to goods and services, and free flow of capital.
Cauchari development nearing. We expect news about a potential strategic alliance shortly. As speculated last month (see note), a POSCO deal may or may not be struck, despite POSCO's desire to expand in Argentina. We noticed that POSCO wasn't even mentioned in yesterday's press release. Management refuses to give away the farm as the entire lithium sector is re-rated on higher prices and positive sentiment. Brines allow for low-cost LCE or potentially LiOH production. While the POSCO process is attractive, it's not the only option. New extraction technologies are being evaluated and this near term project is very popular amongst battery manufacturers. While options may differ from the 2012 FS, management suggests that it may not significantly impact start-up timing. We wait for pending strategic alliance details before we attempt to value this project beyond its US$66 MM merger book value, but note its considerable upside potential.
New technology lends new perspective in Nevada. Corporate restructuring and new ideas allow LAC to reset the Kings Valley project in Nevada. We appreciate the need for both moves. Taking time to re-engineer the project to technically de-risk and create value is important. There was some investor skepticism on the untested clay process - and with this new direction, the PFS becomes obsolete. That said, Kings Valley makes a good second project. It is located in the USA, remains the 5th largest lithium resource in the world, has a clear path to permitting, and has attracted significant battery manufacturer interest.
Read more at http://www.stockhouse.com/companies/bullboard/bullboard/t.wlc/western-lithium-usa-corporation#3ZsiJi8TCed383VP.99
I've been researching about geological resources investor hedge fund that George Ireland controls along with our new president. It seems like at least investment-wise they've been successful I'm just not really too comfortable with a hedge fund in control of a mining company regardless of their experience. Very difficult just discern their objective. Jay leaving the company. Gives me cause for pause. I'm going to need more reassurance now that the dynamic has changed in that regard.
Just because we're positive and we think our glass is more than half full sometimes we can Overlook the water has changed.
Well I manage my GF retirement money and I had a larger than comfortable position with her money. I needed to respect that trust and put aside my personal risk tolerance in regard to that account. And in my account one of the position in wlcdf I was able to take profit that I can possibly rebuy shares cheaper or put the profit into something I feel might have better results.I still have about 40% of my total in play at multiple ranges.
Attempting to POST Information about This Message Board moving to a new Board that nrcmedia set up under the new symbol.It is fake and will be reported.I have message InvestorHub with a request on the Moderator tools change the Board name to reflect the name change and the trade symbols will also change on march 30 2016 just follow standard protocol when I comes to this nrcmedia. Not Realiable Comments Media
Effective Wednesday, March 30th
the
Company will commence trading on the Toronto Stock Exchange (“TSX”) under the new name
and symbol “LAC” and on the OTCQX, under the new name with a symbol to be announced prior
to the effective date. Effective Wednesday, March 30th
the
Company will commence trading on the Toronto Stock Exchange (“TSX”) under the new name
and symbol “LAC” and on the OTCQX, under the new name with a symbol to be announced prior
to the effective date.
I Sold over half my shares today at .36 all were bought at .19 to .26 Nice gain for me I almost bought back at .30 but I am waiting to see if that level of resistance holds. If it breaks .29 and closed under I will buy more when I feel the price is going in the direction I like.I am upfront with how i feel about the company and I post everything I think might help other investing that use this message board to research.
I new based on the reaction to the news from the multitude of investor who
are not really informed or able to follow anything other then blind emotion
there would be a pull back reaction to this. that I can make a gain on.
I also understand there is plenty of time news and stock growth in this company without even selling a single ton of Lithium this stock will still push up over .70 again just on time and news. The stock its self is under valued by almost half of what the market pricing it at.
Funny the buys kicked in at .29 .30 the smart money or traders are going to take full advantage and it shows when there buys are at the strongest point of resistance. Think some day traders will be happy.
This my break down of the news. On Lithium Americas.
1. Western Lithium made the deal with LAC for 0.78 common share of Western Lithium. And Western Lithium has 265,648,063 Western Lithium Shares issued and outstanding, with former Lithium Americas shareholders holding approximately 49.3% on an undiluted basis.
2.Geologic Resource Partners LLC 31,940,405 10.97% is the Largest single share holder connected to Management. George Ireland Massachusetts, USA.
3.Jay Chmelauskas 2016 1,025,833 shares.
4.Jay Chmelauskas is leaving the company.
5. The Company remains in advanced discussions with potential strategic partners at Cauchari-Olaroz and hopes to make an announcement soon
6. Hectatone 140 tons of finished product in February and has additional orders to ship in March. new global distribution agreements outside of the North American oilfield market. Pending.
7. Company has initiated the preparation of a new preliminary Feasibility Study. strong local and national support from both commercial and political bases to advance a Nevada based project. A clear and well-defined permitting path exists.
8.Company has determined that its pre-feasibility study completed in March 2012 is no longer current and the Company will no longer be relying on the study for its project development planning. There are no changes to the lithium resource base on the project. While the updated studies are underway, Lithium Nevada will pursue strategic partnership opportunities to advance the project on a timely basis.
This are some of the points that i been looking at and how they might effect the Investment positive or negative. The positive things I can point out are The resources have not changed and there is more going on now then before.
A new study of Nevada site will help Investors to feel more comfortable investing into the project.The new price of Lithium and the amount of money it will cost to complete the plant along with updated figures of recovery rates.
The management is working hard to take maximum advantage out of both locations by streamlining the company.
Things I personally will be watching are how Lithium Americas relates these changes to there share holders. News Website Sec files conferences calls and responses to E-mails or phone call from share holders.
I think we might see a small gain followed by a pull back in the stock price if there is no news or information on investors. The stock charts looks good for gains.Investors with skin in the game have all this Information.
I updated the site Looks like I only have a few Picture to Post I will am looking for the name of the Sherpa there holding the microphone up to maybe he was correct about the altitude all the time.
Well I hope they Fix the Sign MINERA Exar S.A the bolts are making it dent or its made of paper.
http://www.westernlithium.com/ website change looking at it now I will be updating this message board Pictures when the changes becomes final.
Jay Chmelauskas....................... President, Chief Executive Officer and
Director
1,000,833
over 370,000 dollars worth that as fare as i can tell.
I am might have just hit the wrong button posting. there is so much news to talk about.
Jay Chmelauskas will be leaving the Company in order to pursue other interests.I will be watching to see if he sales any or all of his shares.
VANCOUVER, BC -- (Marketwired) -- 03/22/16 -- Western Lithium USA Corporation ("Western Lithium" or "the Company") is pleased to announce that further to guidance provided in our December 2015 conference call in connection with new branding initiatives, Western Lithium has changed its corporate name to Lithium Americas Corp. ("Lithium Americas" or "LAC"), and its wholly owned subsidiary, Western Lithium Corporation, to Lithium Nevada Corp. ("Lithium Nevada" or "LNC"). Effective Wednesday, March 30th the Company will commence trading on the Toronto Stock Exchange ("TSX") under the new name and symbol "LAC" and on the OTCQX, under the new name with a symbol to be announced prior to the effective date. The simplified business structure of Lithium Americas is as follows:
http://media3.marketwire.com/docs/WLC_chart.jpg
Update on Minera Exar and Argentina Reforms:
The Company remains in advanced discussions with potential strategic partners at Cauchari-Olaroz and hopes to make an announcement soon. Given the strong global demand for lithium and the fully permitted status of the Cauchari-Olaroz project, the Company frequently receives indications of interest from leading companies representing different parts of the lithium supply chain from various parts of the world. Lithium Americas has been evaluating potential strategic partners and new extraction processing technologies in comparison to the economics established in the 2012 definitive Feasibility Study ("dFS") using traditional processing.
At the recent Prospectors & Dealers Association Conference in Toronto, the Argentine Minister for Energy and Mines gave a presentation summarizing "Argentina is Waiting for You; the Best is Yet to Come" highlighting how Argentina in just 20 years, and despite the last decade's challenges, is among the world's top producers of lithium, boron, silver, gold, copper, lead, and zinc.
Since taking office in December 2015, President Mauricio Macri has moved swiftly to appoint a business-friendly cabinet and implement a series of major fiscal, political and regulatory policy measures. President Macri lifted foreign exchange controls that had been in place since 2011, and abolished export taxes on many agricultural and industrial goods, including lithium. At the Davos World Economic Forum, Macri and his cabinet members met with almost 20 world leaders, politicians, and multinational executives, which marked a "new era of bilateral relations." US President Barack Obama will visit Argentina to meet with Mr. Macri at the end of this month.
Minera Exar S.A. President Franco Mignacco commented, "We have recently spent considerable time with the new government officials in provincial and federal mining positions, as well as the new appointments at our local partner JEMSE. Like many others, we are impressed with the rate of positive change and commitment of strong support on all levels. These are important indications of a very strong future for the mining industry in Argentina that will positively benefit all of our stakeholders and communities."
Update on Hectatone Inc.:
The Company is pleased to report that it is in discussions with several parties that could result in new global distribution agreements outside of the North American oilfield market. Mutual due diligence and product testing is on-going. Hectatone Inc. ("Hectatone") shipped 140 tons of finished product in February and has additional orders to ship in March. Drilling activity in almost all energy markets continues to decline. However, there are recent and encouraging signs that many global energy markets are beginning to stabilize.
Hectatone President Frank B. Wright, Jr. commented, "This is a productive and creative period for the Hectatone business. The opportunity to collaborate with strategic partners on a global basis in diverse markets is encouraging. The Hectatone team has responded to the declining oilfield market with innovative product development for industrial and environment markets. Additionally, we are seeking to take advantage of the downturn by expanding our talented team. I remain confident that our objective of becoming cash flow positive by year-end is a realistic and achievable goal, and that we will emerge from the bottom of the cycle as a stronger company."
Update on Lithium Nevada Corp.:
The Company is completing the pilot plant programs at its demonstration plant in Germany. This work has greatly increased the Company's understanding of the processing and engineering requirements for the production of lithium products from the Lithium Nevada Project. In light of the recent results, the Company has determined that additional specific engineering work will be required to optimize the front end of the process to produce a clean and concentrated lithium brine on a commercial scale. In addition, the Company has become aware of recent technological advancements in producing lithium compounds from brines, and believes these innovative and sustainable technologies warrant further review for potential incorporation into the Nevada processing plant design.
As a result of these additional reviews, the Company has initiated the preparation of a new preliminary Feasibility Study. The new report will include a thorough analysis of project development and operational components, include processing infrastructure, production rate, and supporting inputs, as well as capital and operating expenditures. In the meantime, the Company has determined that its pre-feasibility study completed in March 2012 is no longer current and the Company will no longer be relying on the study for its project development planning. There are no changes to the lithium resource base on the project. While the updated studies are underway, Lithium Nevada will pursue strategic partnership opportunities to advance the project on a timely basis.
Lithium Americas CEO Tom Hodgson commented, "Extracting lithium from clays at a commercial scale level requires vision, capital, and talent. We are always in the process of trying to determine the optimal path to advance our projects to achieve long-term success, and we are excited with a new focus from the team at Lithium Nevada Corp. In today's strong lithium market, there is no question that LNC's resource in Nevada represents tremendous long-term value. The Lithium Nevada Project hosts one of the largest lithium resources in North America. There is strong local and national support from both commercial and political bases to advance a Nevada based project. A clear and well-defined permitting path exists. Lithium Americas shares the vision of making Nevada a center of renewable energy and sustainable mining technologies. We are absolutely committed to advancing Lithium Nevada Corp. on the fastest timetable possible, as dictated by further studies and market conditions."
Update on Management and Board of Directors:
Lithium Americas is pleased to announce that the Company's Vice Chairman, John Kanellitsas, is being named President, effective as of the Company's Annual General Meeting ("AGM") on March 30th. Current President, Jay Chmelauskas will be leaving the Company in order to pursue other interests. In this context, Mr. Chmelauskas has withdrawn his name as a director nominee at the AGM.
John Macken, Chairman of the Board commented "We thank Jay for his service to the Company over many years, and his efforts in initiating the merger of the two companies. We wish him every success in his future endeavours. Following the merger of Western Lithium and Lithium Americas in September 2015, the combined company has emerged with strong and capable management, and an exciting future."
Scientific and technical information in this news release about the Lithium Nevada Project has been approved by Dennis Bryan, a qualified person for purposes of National Instrument 43-101.
Forward-looking statements
Statements in this release that are forward-looking information 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," "believe," "planned", "scheduled," "targeting" and similar expressions is forward-looking information. 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) completion of a transaction with a strategic partner at Cauchari-Olaroz; and (ii) the timing and results of an updated economic analysis on the Lithium Nevada Project.
All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's 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. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.
For further information contact:
Lithium Americas Corp.
Investor Relations
1100 - 355 Burrard Street
Vancouver, BC, V6C 2G8
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com
Source: Western Lithium USA Corporation(WLCDF)
One of the first things to consider when you have an opposing opinion or belief is whether there’s a real need to actually express it in the first place.Sometimes injecting your opinion into a topic is just plain dickishness.We understand on this message board there are people that post and share there incite but they do not force anyone to buy stock or sell the stock based on there post.Most of the poster on this board focus on helping each other to make good choices and we all understand risk.I think everyone who reads these post even hope you make money . your points never are backed by facts and if there is any facts to them as soon as you relate them to the other company you invested in your point is lost and it starts to sound annoying.
I do not like coke it taste bad there IS never new coke I like Pepsi and Pepsi is New I tried coke 2 years ago it sucked then so I bought Pepsi yummy.....
I read that and i would like punch a bunny rabbit in the face.