Western Lithium Completes Purchase of Royalties and Mineral Property Titles

Western Lithium USA Corporation (TSX:WLC) & Western Uranium Corporation (TSXV:WUC) report that they have completed transaction for the sale.

The press release is quoted as saying:

The transaction results in the transfer of all of the lithium properties out of WUC’s portfolio and eliminates the existing lease and royalty arrangements between the two companies on the Kings Valley property, including a Net Smelter Return of 1.5% and Net Profits Royalty of 3.5% on any lithium and related byproducts. Excluding the Albisu gold exploration target and a royalty granted to Cameco Global Exploration II Ltd. solely in respect of uranium, WLC now has full control of the Kings Valley property claim.

Click here to access the entire news release.