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Reuters reported shares of Western Lithium USA Corp. (TSX:WLC) surged more than 20 percent after the announcement that it is working with a U.S. government laboratory to develop battery applications.
Reuters reported shares of Western Lithium USA Corp. (TSX:WLC) surged more than 20 percent after the announcement that it is working with a U.S. government laboratory to develop battery applications.
As quoted in the market news:
Western Lithium’s shares were up 20.48 percent at 50 Canadian cents at midday on Wednesday on the Toronto Stock Exchange. The Nevada-based, Canadian-listed company has produced high quality lithium carbonate – used in lithium-ion batteries, ceramics and glass – in pilot studies.
The work with Argonne, which is expected to take about a year, will help the company refine its processes and create battery specifications for its lithium product.
