Newly listed on the TSE, Western Lithium USA has leased a portion of claims on the Kings Valley Project located in north-western Nevada with lithium rich hectorite clay deposits. The company has conducted a scoping study and has a resource estimate for the initial stage of development hosting a historically estimated 11 million tones of lithium carbonate equivalent (LCE).
Lithium carbonate purchases are typically tied to longer term supply contracts between the lithium producers and customers. There may be as many as ninety different varieties of lithium that producers will market and pricing is not simplified enough to give a generic quote as there are different volumes and purities according to the demands.
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