Western Lithium Named Number One on 2015 OTCQX Best 50
RENO, NEVADA--(Marketwired - May 13, 2015) -
Editors Note: There is a photo associated with this press release.
Western Lithium USA Corp. ("Western Lithium", the "Company") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce it has been named the number one performer on the 2015 OTCQX® Best 50, a ranking of 50 top performing companies, including companies such as Heineken and Zurich Insurance, that traded on the OTCQX Best Marketplace last year.
The OTCQX Best 50 is the first ever, annual ranking of strong performing U.S. and international companies traded on the OTCQX marketplace. The ranking is calculated based on an equal weighting of one-year share price performance and average daily dollar volume growth in the previous calendar year. All companies in the 2015 OTCQX Best 50 were traded on OTCQX on December 31, 2014.
"As the world moves to electrification powered by lithium ion batteries, our Nevada based lithium molecule business is beginning to be recognized by the financial markets," said Jay Chmelauskas, President and CEO of Western Lithium. "My gardening equipment, mobile electronics, hybrid SUV, electric sedan are all powered by lithium ion batteries. Consumers can now purchase a wall of lithium to power their homes. Industrial users are installing mega lithium batteries for energy storage. The demand for lithium just got bigger and investors are taking notice, voting Western Lithium number one on the 2015 OTCQX Best 50 with their share purchases."
In addition to the Company's lithium molecule business, in the beginning of 2015 Western Lithium's Hectatone™ business based in Fernley, Nevada, began production to supply products to the drilling industries and other markets, such as animal feedstock and industrial coatings and applications.
For the complete 2015 OTCQX Best 50 ranking, visit http://www.otcmarkets.com/content/doc/2015-OTCQX-Best-50.pdf.
The OTCQX Best Marketplace offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.
About the Company
The Company is developing its Kings Valley, Nevada, lithium deposit into a strategic, scalable and reliable source of high quality lithium products. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium that is expected from the increased use of hybrid/electric vehicles, consumer electronics, and consumer and industrial lithium battery storage applications. In addition, Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, Hectatone™ and potentially other organoclays for the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20150513-OTCQXBest50Large.jpg
Contact
Western Lithium USA Corp.
Investor Relations
1100 - 355 Burrard Street, Vancouver, BC, V6C 2G8
778-656-5820
info@westernlithium.com
www.westernlithium.com
