Lithium Americas Corp (LAAC)

[overlordpeter]

Western Lithium USA (TSE:WLC) is engaged in the development of a lithium resource located in northwestern Nevada. The company anticipates the completion of an initial stage prefeasibility study to be completed next year and has set an objective for production of stage one in 2014. According to an NI 43-101 preliminary assessment and economic evaluation, Western Lithium forecasts estimated average revenue at $263 million per year for stage one of its operation. The company notes that its project in Nevada is strategically located to meet US domestic market requirements offering staged and scalable development as production increases are matched with incremental demand growth.