UPDATE: Western Lithium Advances Commercial Clay and Lithium Strategy; Shares Up 3%

By MT Newswires,  September 14, 2012, 02:56:43 PM EDT

Western Lithium USA Corporation (WLC.TO) announced that it is continuing to advance its commercial clay strategy with the goal of becoming a specialty supplier of Hectorite clay based drilling additives to the oil and gas industry.

The company has completed pilot testing of several hundred pounds of gel and organoclay and will begin to identify certain buyers to test the performance of the products for indicative pricing and volumes.

WLC rose 3% to day high 16 cents on volumes of over 21,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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