|By Marketwire .||
|March 22, 2013 05:33 PM EDT||
RENO, NEVADA -- (Marketwire) -- 03/22/13 -- Western Lithium USA Corporation (the "Company") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce that shareholders have approved all resolutions presented at its Annual General Meeting (the "Meeting") held on March 22, 2013, including the election of the Company's proposed nominees to the board of directors. At the Meeting, 32,290,552 common shares representing 32.06% of the total number of shares issued and outstanding, were voted in favour of the election of the proposed board members.
The Company's directors for the next year will be John Macken, Chairman of the Board, Jay Chmelauskas, Director, President and CEO of the Company, William Haldane, Terry Krepiakevich and William M. Sheriff. In addition, shareholders appointed the auditor of the Company for the coming year and approved an amendment to the Company's articles to require advance notice for director nominations.
Western Lithium is developing the 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/electric vehicles. The Company is also pursuing the opportunity to be a supplier of specialty hectorite clay drilling additives to the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications.
The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.