|By Marketwired .||
|February 26, 2014 11:03 AM EST||
RENO, NEVADA -- (Marketwired) -- 02/26/14 -- Western Lithium USA Corporation (the "Company" or "Western Lithium") (TSX:WLC) (OTCQX:WLCDF) is responding to a request from the Investment Industry Regulatory Organization of Canada (IIROC) on behalf of the Toronto Stock Exchange (TSX) following recent trading activity. The Company is not aware of any circumstances that could reasonably be expected to justify the recent trading activity. The Company continues to pursue ongoing corporate development initiatives and funding opportunities, particularly in relation to the development of its Kings Valley Project. However, at this time none of these initiatives and opportunities have sufficiently advanced to a stage that would warrant public disclosure. The Company's policy is not to comment on rumors or speculation and accordingly, does not intend to comment further.
About the Company
Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, HECTATONE(TM) 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.