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Western Lithium USA Corporation (TSX: WLC; OTCQX: WLCDF) has obtained a Patent from the US Government for its lithium extraction process. The request was filed in June 2011 and relates tot he separation of lithium and potassion compounds from the lithium-containing materials. With the patent, Western Lithium hopes to protect its intellectual property developed through comprehensive […]

Western Lithium USA Corporation (TSX: WLC; OTCQX: WLCDF) has obtained a Patent from the US Government for its lithium extraction process. The request was filed in June 2011 and relates tot he separation of lithium and potassion compounds from the lithium-containing materials. With the patent, Western Lithium hopes to protect its intellectual property developed through comprehensive engineering and pilot testing.

As quoted in the press release:

A lithium demonstration plant is the next step to determine operating parameters that are commercially scalable to support the detailed design of a lithium production facility.  The Company recently engaged an engineering design firm based in Denver, USA to assist in the design of the demonstration plant. The Company is also seeking technical partners and equipment manufacturers to participate in building and operating the demonstration plant.  The Company has received US$11 million from first tranche of the Royalty Financing (see the Company’s news release dated February 6, 2013), of which US$1 million is allocated to advance the lithium demonstration plant design.  A further US$9 million second tranche of the Royalty Financing will be funded to build the demonstration plant, once certain regulatory milestones are achieved in Nevada.

Click here to view the full report. 

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