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Showing posts with label Nevada. Show all posts
Showing posts with label Nevada. Show all posts

Tuesday, May 14, 2013

Lithium Patents - Western Lithium Receives USA Patent for Lithium Extraction Process

Western Lithium USA CorporationWestern Lithium USA Corporation

TSX :WLC
OTCQX : WLCDF



May 09, 2013 09:30 ET



RENO, NEVADA--(Marketwired - May 9, 2013) - Western Lithium USA Corporation (the "Company") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce that it has been awarded a Patent from the United States Government (US 8,431,005) for its lithium extraction process that was filed in June 2011. The invention relates to the separation of lithium and potassium compounds from lithium-containing materials, primarily ores such as hectorite and other lithium-rich clays. The process is summarized in Western Lithium's NI 43-101 compliant Pre-Feasibility Study that was filed on SEDAR in January 2012. The Pre-feasibility Study demonstrated a pre-tax net present value of US$552 million with an internal rate of return of 24% at an 8% discount rate. The Company believes that the patent will help to protect the intellectual property that has been developed by the Company through comprehensive engineering and pilot testing over the past several years.

A lithium demonstration plant is the next step to determine operating parameters that are commercially scalable to support the detailed design of a lithium production facility. The Company recently engaged an engineering design firm based in Denver, USA to assist in the design of the demonstration plant. The Company is also seeking technical partners and equipment manufacturers to participate in building and operating the demonstration plant. The Company has received US$11 million from first tranche of the Royalty Financing (see the Company's news release dated February 6, 2013), of which US$1 million is allocated to advance the lithium demonstration plant design. A further US$9 million second tranche of the Royalty Financing will be funded to build the demonstration plant, once certain regulatory milestones are achieved in Nevada.

Update on Hectatone™ Organoclay for Oilfield Applications
In the near term, the Company has focused its attention on developing a product line of Hectatone™ organoclay drilling products to sell into the oil and gas drilling markets. Hectatone™ is a thermally stable drilling mud additive that can be used under high pressure and high temperature (HPHT) environments. HPHT environments are encountered for certain shale and deep offshore oil and gas deposits. 

During the next week, the Company expects to place its first order for major lead-time equipment items to construct the planned 10,000 ton per year organoclay facility in Nevada. The construction of the organoclay plant is expected to be complete and ready for commissioning in early 2014. The Company recently completed pilot scale Hectatone™ production at facilities in North Carolina and St Louis during the month of April to test and refine product performance in diesel and mineral oil.

Qualified Person
Disclosure of a scientific or technical nature in this news release has been reviewed and approved by Dennis Bryan, who is considered a Qualified Person under the terms of National Instrument 43-101.
Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, hectorite clay for the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications. The Company is also developing its Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles.
Cautionary Note Regarding Forward-Looking Statements and Information: Certain disclosure in this release constitutes forward-looking statements and information. When used in this release, the words "will", "believes" and "expected" or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this release include, among others, the completion of the second tranche funding of the Royalty Financing and the construction and commissioning of the organoclay facility, together with the requisitioning of equipment relating thereto. Such statements and information involve the application of certain factors and assumptions by the Company that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements and information. Such risk factors include, among others, that actual results of the Company's development activities will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required government approvals, that the Company will be unable to meet all conditions required for funding under the Royalty Financing, the ability to procure required infrastructure, equipment and supplies in sufficient quantities and on a timely basis and the conditions of the markets generally. Readers are cautioned not to place undue reliance on forward-looking statements and information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as required by law.
The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information


Western Lithium USA Corporation
Investor Relations
604-681-3071
info@westernlithium.com
www.westernlithium.com

Tuesday, February 5, 2013

Western Lithium Arranges US$20 Million Royalty Financing for Oilfield Drilling Additives Facility and Lithium Demonstration Plant

2 hours ago by Marketwire
Western Lithium USA Corporation ("Western Lithium", the "Company") (TSX: WLC)(OTCQX: WLCDF) is pleased to announce that it has entered into a Royalty Purchase Agreement with RK Mine Finance (Master) Fund II L.P. ("Red Kite") pursuant to which Red Kite has agreed to pay to Western Lithium up to US$20 million in consideration for the sale of a royalty on its Kings Valley Project, located in Nevada, USA.

An initial tranche of US$11 million will be funded concurrently with the closing of the royalty arrangement. A second tranche of US$9 million will be funded upon completion of the engineering and design of the lithium demonstration plant and once certain regulatory assurances have been received from the Bureau of Land Management with respect to the sale of by-products associated with lithium production, provided it occurs within three years following the date of the agreement. Closing of the royalty arrangement is expected to occur on or about February 6, 2013.

Western Lithium plans to use the initial funding tranche to construct a 10,000 ton per year process facility to produce Hectorite-based organoclay used in the oil and gas drilling industry. To make organoclay, the Company's Hectorite clay must be processed using an extruder and combined with several additives. Organoclay typically sells in a range of US$2,000 to $4,500 per short ton FOB shipping point, depending on performance. Engineering designs for a plant and negotiations for potential production locations are underway. Permitting of the Hectorite mine has commenced in Nevada and the Company is targeting to commence production and positive cash flow in early 2014 from the clay operation.

The Company has been producing pilot-scale samples of its products, which demonstrate thermal stability for application in high pressure high temperature (HPHT) drilling exploration environments. With the success of new directional drilling technology in recent years applied to shale gas and deep oil and gas drilling targets, the Company anticipates that there is a strong growth market for its thermally stable Hectorite products. 

Western Lithium's Hectorite clay is of high purity, which enables it to use a dry process to manufacture its products, that is expected to give the Company a cost advantage in the industry. A portion of the proceeds from the initial tranche will also be used to complete the design and engineering for a lithium demonstration plant.

The second tranche of funding is principally allocated towards the construction of a demonstration plant to test the viability of its lithium extraction process at a large scale. The Company released a pre-feasibility study in January 2012 (see news release dated January 27, 2012) that demonstrated competitive economics and a pre-tax net present project value of US$551 million at an 8% discount rate. Western Lithium believes that the next natural step is to work with an engineering technology group or strategic partner to further de-risk the process technology, in order to attract construction capital for the project.

Jay Chmelauskas, President and CEO of Western Lithium, commented: "Over the next year, we will focus our efforts on our specialty Hectorite drilling additive business with the expectation of generating positive cash flow for the Company in early 2014. In the longer term, we will construct a lithium demonstration plant to gain investment confidence with our project, and to realize the full potential of its asset value. We are positioning Red Kite and our shareholders and stakeholders to expected near term strong growth in the drilling industry and longer term strong growth in the lithium sector."
The royalty will be a gross royalty on all production from the Kings Valley Project. It will consist of a gross revenue royalty of 8% until the first and second funding tranches have been repaid. The royalty will then be reduced to 3.5% for the life of the project. Western Lithium will have the option at any time to reduce the royalty to 1.75% upon payment to Red Kite of US$20 million.

Western Lithium has agreed to pay a finder's fee to Haywood Capital Markets in respect of the transaction equal to 6% of the proceeds raised in both tranches. For the first tranche, the finder's fees will, subject to approval of the TSX, be paid as to US$429,000 in cash and US$231,000 in common shares issuable at the five day volume weighted average trading price of the common shares on the TSX for the five trading days immediately preceding the closing.

About Red Kite
Red Kite provides mining companies with project financing and metal off-take agreements for initiation or expansion of mine production and is part of the Red Kite group. Red Kite operates across the global metals industry from offices in Bermuda, Denver, Hong Kong, London, New York, Shanghai and Sydney. Investors in Red Kite funds include college endowments, foundations, family offices, pensions and other institutional investors.
Western Lithium is developing the Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles. The Company is also pursuing the opportunity to be a supplier of specialty hectorite clay drilling additives to the oil and gas industry, and in particular, to support the growth of deep directional drilling applications in high temperature and high pressure environments.
\
Cautionary Note Regarding Forward Looking Statements and Information: Certain disclosure in this release constitutes forward-looking statements and information. When used in this release, the words "will", "once", "provided", "plans", "targeting", "expected", "expectation", "anticipates", "believe" or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this release include, among others the completion of the Royalty Purchase Agreement, including both the first tranche funding and the second tranche funding, the Company's plans for and anticipated benefit from the construction of facitlities and development of hectorite based organoclay operations as well as the timing of commercial operations and positive cash flow, the results of design and engineering of lithium demonstration plant and the eventual construction of that plant. Such statements and information involve the application of certain factors and assumptions by the Company that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements and information. Such risk factors include, among others, that actual results of the Company's development activities will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required government approvals, that the Company will be unable to meet all conditions required for funding under the Royalty Purchase Agreement, the ability to procure required infrastructure, equipment and supplies in sufficient quantities and on a timely basis and the conditions of the markets generally. Readers are cautioned not to place undue reliance on forward-looking statements and information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as required by law.
The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Western Lithium USA Corporation
Investor Relations
604-681-3071
604-681-3091 (FAX)
info@westernlithium.com
www.westernlithium.com


SOURCE: Western Lithium USA Corporation
mailto:info@westernlithium.com
http://www.westernlithium.com

Friday, June 15, 2012

Western Lithium - New chairman has history of success in mining sector.

Western Lithium USA CorporationWestern Lithium USA Corporation

TSX : WLC
OTCQX : WLCDF


June 15, 2012 08:30 ET

Western Lithium Appoints John Macken as New Chairman



RENO, NEVADA--(Marketwire - June 15, 2012) - Western Lithium USA Corporation (the "Company" or "Western Lithium") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce that the board of directors of the Company (the "Board") has appointed John Macken as Chairman of the Board. Edward Flood, with a distinguished career that spans more than forty years, and after founding Western Lithium over five years ago, is reducing his activities in the mining sector and has resigned from the Board.
Mr. Macken has served on the Board since January, 2008. He also acted as President of Ivanhoe Mines Ltd. between December 2003 and April 2012 and as Chief Executive Officer of Ivanhoe Mines Ltd. between March 2006 and October 2010, focused on the development of the multi-billion dollar copper/gold Oyu Tolgoi mine in Mongolia. Prior to Ivanhoe Mines, Mr. Macken was Senior Vice President of Strategic Planning at Freeport McMoran, where he was involved with the development and operations of the copper/gold Grasberg Mine in Indonesia for over a nineteen year period.

"Ed's prescient vision around the electrification of the automobile and development oversight for more than five years form the foundation of our Company today," said Jay Chmelauskas, President of Western Lithium. "With the handover of the Chairmanship to Mr. Macken, the Company will consider strategic alternatives since current financial market conditions have constrained the advancement of our lithium project at this time. For example, the Company is investigating the opportunity to enter the clay additive business for drilling fluid applications. In addition, the Company may seek opportunities to participate in the consolidation of the junior mining sector."

The Company would like to thank Mr. Flood for his direction, and valuable contributions over the past five years. Mr. Flood founded the Company as a strong believer around the concept of lithium battery powered plug-in hybrid and electric vehicles. Since inception, the Company has advanced the project through exploration and pre-feasibility economics. The world is now beginning to see mass production of electrified vehicles, which is expected to provide longer term support for the Company.

About Western Lithium

Western Lithium is developing the Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles.

Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to: the Company's ability to sell an acceptable or premium product to the lithium market and to produce a high purity and high quality lithium product for use in multiple types of lithium ion battery chemistries. When used in this document, the words such as "plan", "estimate", "expect", "intend", "may", "likely" and similar expressions are forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" in the Company's Annual Information Form for the year ended September 30, 2011 which is available at www.sedar.com.
The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

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Thursday, April 19, 2012

Western Lithium Demonstrates High Performance Results From Rechargeable Lithium Ion Battery Testing at Argonne National Laboratory and Provides Operations Update

Western Lithium USA CorporationWestern Lithium USA Corporation

TSX : WLC
OTCQX : WLCDF




April 16, 2012 08:30 ET



RENO, NEVADA--(Marketwire - April 16, 2012) - Western Lithium USA Corporation (the "Company" or "Western Lithium") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce results from electrochemical performance testing by Argonne National Laboratory of US Department of Energy ("Argonne"), of lithium carbonate extracted from the Company's Kings Valley Hectorite clay lithium deposit in Nevada, USA. Several electrochemical cells were fabricated using Western Lithium's lithium carbonate that was upgraded and purified with carbon dioxide during one of its pilot testing programs. The batteries incorporated three common cathode chemistry types consisting of: lithium manganese spinel (LiMn2O4), olivine (LiFePO4), and lithium nickel manganese composite oxide (LiMn2O3.LiNi0.5Mn0.5O2).

Each cell was duplicated to incorporate lithium carbonate obtained from an industry standard Sigma-Aldrich Co. LLC ("Sigma-Aldrich") product and compared under the same conditions with Western Lithium product. The initial test results demonstrate superior performance by Western Lithium's product for olivine chemistry, and similar or slightly better performance for the other two cathode chemistries when compared against the Sigma-Aldrich standard. As a general conclusion, the testing completed so far indicates that Western Lithium can produce high purity and high quality lithium product for use in multiple types of lithium ion battery chemistries.

"We have always believed that our Nevada deposit could produce a high quality and consistent source of lithium carbonate for what we expect will be increasing specifications required by high performance lithium ion batteries," said Jay Chmelauskas, President of Western Lithium. "The initial work at Argonne is supporting our view that we will be able to sell an acceptable product to the lithium battery market."

The Company has also been advancing a potential opportunity to sell its Hectorite clay into the growing oil and gas drilling fluids market. Further clay testing and economic studies are currently being undertaken, and a decision is expected whether to advance the clay business in the second quarter of 2012.

The Company recently completed a NI 43-101 pre-feasibility study that was filed on January 27, 2012. Over the past several months Western Lithium has been active to complete a comprehensive Plan of Operations to submit to the Bureau of Land Management in Nevada to initiate its Environmental Impact Assessment study. The Company continues to seek a strategic partner in order to advance definitive feasibility studies and a planned demonstration plant. It is envisioned that further engineering and testing will be required in order to support the permitting process. With a current treasury of approximately $6 million and based on the current financial market conditions, the Company may begin to modify activities until financial market conditions improve and there is greater market demand for new sources of lithium supported by the adoption of electric and hybrid vehicles.

The following charts graphically demonstrate the comparison of Western Lithium's product against a Sigma-Aldrich standard lithium carbonate using multiple cathode chemistries that did not have a carbon coating. Processing and testing conditions were kept the same for samples derived from the Western Lithium and the Sigma-Aldrich lithium carbonate. Comparing the performance of the Olivine chemistry, it is evident that the capacity of the lithium carbonate prepared with Western Lithium's product demonstrated superior electrochemical performance against the Sigma-Aldrich sample. This may be due to better reaction or better mixing with the other precursor materials leading to a more optimal particle size. The results of the lithium manganese spinel demonstrated slightly better coulombic efficiencies (less capacity loss between charge and discharge) and cycling retention (less capacity loss during cycling). There were no discernible performance differences when comparisons were made using high capacity lithium nickel manganese layered oxide chemistry. The overall conclusion from these initial test results, is that Western Lithium expects at least similar performance from its Kings Valley, Nevada derived lithium carbonate as compared to industry standards.
To view the charts associated with this press release, click on the following link: http://media3.marketwire.com/docs/w413g.pdf
About Argonne
Argonne National Laboratory seeks solutions to pressing national problems in science and technology. The nation's first national laboratory, Argonne conducts leading-edge basic and applied scientific research in virtually every scientific discipline. Argonne researchers work closely with researchers from hundreds of companies, universities, and federal, state and municipal agencies to help them solve their specific problems, advance America's scientific leadership and prepare the nation for a better future. With employees from more than 60 nations, Argonne is managed by UChicago Argonne, LLC for the U.S. Department of Energy's Office of Science.
About Western Lithium
Western Lithium is developing the Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable sources of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles.
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to: the Company's ability to sell an acceptable or premium product to the lithium market and to produce a high purity and high quality lithium product for use in multiple types of lithium ion battery chemistries. When used in this document, the words such as "plan", "estimate", "expect", "intend", "may", "likely" and similar expressions are forward-looking statements. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" in the Company's Annual Information Form for the year ended September 30, 2011 which is available at www.sedar.com.
The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information


Western Lithium USA Corporation
Investor Relations
604-681-3071
604-681-3091 (FAX)
info@westernlithium.com
www.westernlithium.com
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Thursday, March 1, 2012

Rodinia Lithium Clayton Valley Nevada project moves forward

Rodinia Lithium Corp
TSX-RM   Nasdaq-RDNAF
  • BLM HAS CONDITIONALLY APPROVED RODINIA’S PLAN OF OPERATIONS PERMITTING ADDITIONAL DRILLING IN CLAYTON VALLEY, NEVADA
  • PLAN OF OPERATIONS OUTLINES A DRILL PROGRAM WITHIN  A SOUTHERN VALLEY TRENCH WHERE HIGHER LITHIUM CONCENTRATIONS MAY BE FOUND AS A POTENTIAL EXTENSION OF AQUIFERS  INTERSECTED IN PREVIOUS DRILLING FURTHER NORTH AND ADJACENT TO THE NEIGHBORING SILVER PEAK LITHIUM PRODUCING OPERATION
  • BLM WILL NOW SOLICIT PUBLIC COMMENT ON THE PLAN OF OPERATIONS
  • RODINIA HAS COMMISSIONED AN ENVIRONMENTAL ASSESSMENT AS REQUIRED UNDER THE NEPA THAT MAY FORM PART OF THE PUBLIC COMMENT PROCESS
Toronto, Canada, March 1, 2012: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) is pleased to announce that it has received confirmation that the Plan of Operations (“PoO”) submitted by the Company’s US subsidiary, Donnybrook Platinum Resources, Inc., in respect of Rodinia’s wholly owned Clayton Valley lithium-brine project, meets the content requirements as determined by the Bureau of Land Management’s (“BLM”) Tonopah Office in Tonopah, Nevada, USA.
William Randall, Rodinia’s President & CEO, commented, “We are extremely pleased to have received this confirmation from the BLM and to once again be in a position to start planning and moving ahead with our much anticipated exploration program in Clayton Valley.  We intend to resume drilling once the Environmental Assessment and public comment period are complete with the intention of delineating a lithium brine resource in the southern trench that extends the length of our southern claim package.”
EPG Inc., environmental consultants out of Phoenix, Arizona, have been commissioned to complete an Environmental Assessment (“EA”), which will address specific issues as required under the National Environmental Protection Act (“NEPA”).  Concurrently, or as part of the EA, the PoO will be posted for a 30-day public comment period and will address public concerns.  A meeting to discuss the NEPA requirements has been set for Tuesday, March 6th, at 9:30 AM between the Company and BLM.  Further information regarding the process will be communicated to the public following this meeting.
The Project is supervised by Ray Spanjers, Rodinia’s Manager of Exploration.  Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release.
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Investor Cubed Inc.
Investor Relations                                                                                          
Tel: +1 (647) 258-3311

Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated timing with respect to the acceptance of the POP; anticipating timing with respect to receipt of various approvals required in order to proceed with the POP; ; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Thursday, February 16, 2012

RODINIA LITHIUM COMMENCES CONSTRUCTION OF PILOT PRODUCTION FACILITY AT DIABLILLOS


  • THREE PHASE PROGRAM TO BE IMPLEMENTED, INCLUDING CONSTRUCTION AND OPERATION OF EVAPORATION PANS, POOLS AND LINED PONDS
     
  • EVAPORATION PANS AND LARGER POOLS CURRENTLY INSTALLED AND IN OPERATION
     
  • PILOT PRODUCTION PONDS ARE ANTICIPATED TO BE OVER 25 HECTARES IN SIZE
     
  • FINAL PILOT PRODUCTION FACILITY WILL BE CAPABLE OF PRODUCING UP TO 200 TONNES OF LITHIUM CARBONATE A YEAR
Toronto, Canada, February 15, 2012: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) is pleased to announce that construction and operation of a pilot production facility has commenced on its 100% owned Salar de Diablillos lithium brine project (“Diablillos” or “Salar”) located in Salta Province, Argentina.  The pilot production facility aims to confirm the proposed process described in the recent Preliminary Economic Assessment (“PEA”) dated December 22, 2011 filed on SEDAR and its results will be incorporated into a Feasibility Study.  The facility aims to produce battery grade lithium carbonate on site, reflecting the operating conditions of a potential final production facility, including production of potash and boric acid.
“In conjunction with initiating our first production sized well, Rodinia has initiated work to complete the construction and operation of a pilot production facility that is anticipated to produce boric acid, potash and battery grade lithium carbonate on site,” commented William Randall, President and CEO of Rodinia.  “The three phase program allows us to work out any potential problem areas before we reach that phase in our larger lined pond system, allowing the Company to develop the project more aggressively.  In addition to confirming the processing flow sheet, the pilot production facility will allow us to demonstrate the potentially low production costs estimated in the recent PEA.”
Description of the Pilot Program
Phase I-Evaporation Pans: 
Seasonal evaporation rates and the natural phase chemistry of the Diablillos brine are being determined through the use of six standard evaporation pans, each 4 feet in diameter and 25cm tall, buried in the ground near the existing weather station.  Pan A contains fresh water and is used to determine the evaporative potential at Diablillos.  Pans 1, 2 and 3 are filled with the indigenous brine, and refilled in sequence, to concentrate the brine and to measure evaporation rates versus density.  Crystal and residual brine samples from pans 4 and 5 are collected every two days and analyzed to evaluate the evolving natural phase chemistry.  The final concentrated brine will be used to conduct bench testing and process evaluation to maximize the recovery of lithium, the recovery of potassium and boron co-products and to determine the size of production ponds.  Pan A, and pans 1, 2 and 3 have been in place since May 2011;  pans 4 and 5 are recent additions to increase concentrated brine volume for bench tests. 
Phase II - Evaporation Pools/Bench Testing
The evaporation pools will provide a large volume of concentrated brine for bench tests.  Ten evaporation pools, each 10 square meters in area, have been installed adjacent to the evaporation pans.  The pools have been filled with brine from a well located in the proposed production field as noted in the PEA.  Bench scale processing of the concentrated bittern from these pools will further define the processing scheme tested in Phase I and refine the economic aspects of the process flow sheet. 
Phase III - Pilot Ponds/Pilot Plant
Bench scale process testing will be ramped up to larger pre-production volumes through the construction, filling, evaporation and processing of brine in large pilot evaporation ponds.  The ponds will cover approximately 25 hectares and will be lined.  Initially, brine from the production well will fill the entirety of the pond area.  As evaporation occurs the brine will be concentrated in a larger initial pond as it reaches saturation.   The ponds will then be used in sequence to demonstrate the proposed process to isolate sodium (“Na”), potassium (“K”), and magnesium (“Mg”) salts and produce a concentrated lithium-rich bittern.  The process is also anticipated to harvest sylvinite.  In addition, exploration is underway to define a suitable area of the Salar's surface for an unlined pond, which will have minimal leakage. This pond is anticipated to be the largest of the commercial production ponds and used for the primary evaporation stage.  A pilot plant will be designed and assembled on site. It is intended to process the resultant lithium-rich bittern.
The Project is supervised by Ray Spanjers, Rodinia’s Manager of Exploration.  Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. 
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium as set out in the Company’s NI 43-101 compliant technical report entited “Salar de Diablillos Project, Salta Province, Argentina, NI 43-101 Technical Report on Brine Resource Estimate” dated May 3, 2011 and filed on SEDAR. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through Feasibility Study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com
For further information please contact
Investor Cubed Inc.
Investor Relations
Tel: +1 (647) 258-3311
Aaron WolfeVice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the impact and development of the pilot plant facility at the Diablillos property and results of such program; the potential of the Diablillos property; anticipated timing with respect to the completion of a feasibility study, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Wednesday, December 14, 2011

Western Lithium Pre-Feasibility Study Indicates $550 Million NPV and Supports Low Cost Lithium Production in Nevada

Western Lithium USA CorporationWestern Lithium USA Corporation

TSX : WLC
OTCQX : WLCDF



December 14, 2011 08:30 ET



RENO, NEVADA--(Marketwire - Dec. 14, 2011) - Western Lithium USA Corporation (TSX:WLC)(NASDAQ-OTCQX:WLCDF) ("Western Lithium" or the "Company") is pleased to announce the completion of a positive Pre-feasibility Study for its wholly-owned Kings Valley Lithium Project in Nevada, USA. Two scenarios were evaluated: A startup scenario based on mining and processing ore at a design throughput rate of 2,100 tonnes per day (13,000 tonnes per annum lithium carbonate), and a full production scenario to double production four years after startup (26,000 tonnes per annum lithium carbonate). The study demonstrates that the project could produce lithium carbonate at an estimated average cash cost, net of by-product credits, of $968 per tonne once full production of 26,000 tonnes per year lithium carbonate is achieved. Initial startup capital, including contingency is expected to be approximately $248 million. Incremental development capital to double lithium carbonate production to 26,000 tonnes per year is estimated at approximately $161 million. Sustaining capital of $40 million including contingency, is primarily composed of surface mine equipment, expansions of dry stack tailings and surface water management, and mine closure.

The study was undertaken by a collaboration of independent industry specialist firms including Tetra Tech, Inc. (Tt), Reserva International, LLC and K-UTEC AG Salt Technologies (K-UTEC). The study has been prepared in accordance with Canadian securities National Instrument 43-101 and Form 43-101F1 regulatory requirements. All amounts are stated in US dollars, unless otherwise indicated.
Project highlights for nominal production of 26,000 tonnes per year lithium carbonate:
  • Pre-tax Net Present Value (NPV) of $552 million with an Internal Rate of Return (IRR) of 24% at an 8% discount rate;
  • Operating cash costs, net of by-product credits, of $968 per tonne of lithium carbonate;
  • Cash operating costs distributed between the individual products are: lithium carbonate $3,011 per tonne, potassium sulfate $87 per tonne, sodium sulfate $36 per tonne;
  • Total cash operating costs per tonne (excluding credits) for lithium carbonate are $3,472 per tonne lithium carbonate;
  • Once full lithium carbonate production of 26,000 tonnes per year is achieved, average annual cash flow is projected to be $124 million per year;
  • Nominal production of by-product potassium sulfate and sodium sulfate of 90,000 and 100,000 tonnes per year, respectively;
  • 20 year mine life, processing 25.5 million tonnes of ore at an average grade of 0.40% lithium using a 0.320% cut-off grade;
  • Initial annual production of 13,000 tonnes lithium carbonate, increasing to 26,000 tonnes in year four;
  • Nevada supports a large diversified mining industry;
  • The project benefits from established infrastructure including road access, power supply and a local water source;
  • Based on commodity prices of $6,000 per tonne lithium carbonate, $600 per tonne potassium sulfate, and $75 per tonne sodium sulfate;
  • Overall recoveries are expected to be 87.2% for lithium, 77.7% for potassium and 82.7% for sodium.
Under the startup scenario, lithium carbonate production is expected to commence in 2015 at an annual rate of 13,000 tonnes per year. Full production of 26,000 tonnes per year is planned four years after initial startup, if demand for lithium increases.

Jay Chmelauskas, President of Western Lithium, stated, "As an electric car owner, the move to automobile electrification now seems obvious and imminent. Our deposit in Nevada has the potential to make the USA self sufficient in Lithium to support up to one million electric vehicles per year. Production of lithium in Nevada not only has the benefit of long-term mining and chemical industry jobs, but also has the potential to support downstream technology and manufacturing jobs in America. Lithium is the enabling metal for electric transportation."

Mr. Chmelauskas continued, "Upcoming key milestones for the Company include; submission of the Plan of Operations to the Bureau of Land Management initiating the formal permitting process (Q1 2012), starting construction of a lithium carbonate demonstration plant, and commencing work on a definitive feasibility study in 2012. We believe that there is a strong future for electrification and that the Stakeholders of Western Lithium and Nevada can strongly benefit and profit from this industry."

Project Overview
The Project is located in Humboldt County, Nevada, USA approximately 100 km north-northwest of Winnemucca along U.S. Highway 95 to Orovada and then 40 km west-northwest of Orovada, Nevada on paved State Highway 293. WLC has claims that encompass five areas of lithium mineralization. These five areas are covered by 1,049 Federal unpatented claims over an area of 8,480 hectares.
Lithium ore and waste rock will be extracted via an open-pit mine operation using end-dump haul trucks, hydraulic shovels, and a Wirtgen surface miner. Waste rock will be mined with a shovel/truck combination, while ore will be mined with the Wirtgen unit and direct loaded into haul trucks.
Mineral Reserves
Kings Valley Ore Reserves
at 0.320% Lithium Cut-off

Category
Tonnes
(millions)
Lithium
(%)
Potassium
(%)
Sodium
(%)
Proven 14.937 0.400 3.850 1.370
Probable 12.198 0.388 3.930 1.360
Total 27.135 0.395 3.880 1.360

The reserve estimate takes into consideration all geologic, mining, processing, and economic factors, and is stated in accordance with Canadian securities NI 43-101 and Form 43-101F1.

A National Instrument 43-101 compliant technical report will be filed within 45 days of this announcement.

Qualified Person
The Pre-Feasibility Study was supervised by Randolph P Schneider of Tetra Tech, Inc. He is a Qualified Person as defined by NI 43-101, and is independent of the Company, as defined by Section 1.5 of NI 43-101. Mr. Schneider has reviewed and approved the scientific and technical data in this news release.
Edwin C. Lips, PE, of Tetra Tech, Inc. was responsible for mine planning and the ore reserve estimate. He is a Qualified Person as defined by NI 43-101, and is independent of the Company, as defined by Section 1.5 of NI 43-101.
Western Lithium is developing the Kings Valley, Nevada lithium deposit into potentially one of the world's largest strategic, scalable and reliable sources of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles.

Forward-Looking Statements
Certain of the statements made and information contained herein, including the mine plan, costs, financial estimates and other conclusions in the Pre-feasibility Study, the reserve estimates themselves, the timing of the commencement of development and commercial production, the completion of milestones necessary to commence commercial production, is "forward-looking information" within the meaning of the Ontario Securities Act. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks and uncertainties relating to commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, delays or the inability to obtain necessary governmental permits, risks inherent in mine planning and development such as cost overruns, metallurgical and recovery factors and financing risks; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, and other risks and uncertainties, including those described in our Annual Information Form and each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of lithium; appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. The Company does not assume any obligation to update forward looking statements except to the extent required by applicable securities laws.

Contact Information


Western Lithium USA Corporation
Brian Bergot
Investor Relations
604-331-9842
info@westernlithium.com
www.westernlithium.com

Western Lithium Production Video
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Wednesday, October 5, 2011

Western Lithium shares rise on battery plan

53 minutes ago by Thomson Reuters
  * U.S. lab to help develop battery specs for WLC's lithium
* Shares rise 20.48 percent to C$0.50 on TSX

Oct 5 (Reuters) - Shares of Western Lithium USA Corp <WLC.TO> rose more than 20 percent on Wednesday after the company said it is working with a U.S. government laboratory to develop battery applications for the lithium carbonate it plans to mine.

Under the agreement, the company will pay the Department of Energy's Argonne National Laboratory to help it commercialize lithium produced from clay deposits at its Kings Valley lithium project in Nevada. Financial terms of the deal were not disclosed.

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.

Producing battery-grade lithium carbonate is a key step toward securing customers for the eventual development of the Kings Valley mine.

Western Lithium is also building a demonstration plant to study the cost competitiveness of the project and plans to have a prefeasibility study done this month.

($1=$1.05 Canadian) (Reporting by Julie Gordon; editing by Peter Galloway)
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Monday, July 4, 2011

Rodinia Lithium flying under the radar, according to Dundee Capital Management!

Salta ProvinceImage via Wikipedia“Top pick – Rodinia Lithium (RM) – 194% lift to our C$1.00/sh target. Rodinia is flying under the radar while developing two projects in safe jurisdictions – Daiblillos in Salta Province, Argentina, and Clayton Valley in Nevada where it is adjacent to the only US lithium producer. If we have a lithium sector “top pick” this would be it although this is a speculative risk stock. Our target suggests a triple and we believe we are still being conservative. Our production rate assumption is less than its peers and easily supported by its large 5 million tonne LCE resource. We exclude potash or boron production and upside potential. Where this stock struggles is that it will be likely last to the party with production due in perhaps 2015, and due to its small market cap.”

Dundee Capital Management

Other Analysts Target price for Rodinia Lithium:

Ubika Research - $1.12
Byron Capital Markets - $2.25

Price: .34 c
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Thursday, May 5, 2011

Rodinia Lithium Continues to Intersect High Grade Lithium and Potash at Shallow Depths

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF




May 05, 2011 08:30 ET


- DRC-17 INTERSECTED 640 mg/L LITHIUM OVER 108 METRES WITH VALUES UP TO 720 mg/L LITHIUM AND 7,400 mg/L POTASSIUM 

- BASEMENT INTERSECTED APPROXIMATELY 38.5 METRES DEEPER THAN PREDICTED 

- RESULTS EXPECTED TO INCREASE THE RECOVERABLE RESOURCE
- EXPLORATION PROGRAM IS ONGOING AT THE SALAR DE DIABLILLOS


TORONTO, ONTARIO--(Marketwire - May 5, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to announce results from its continued reverse circulation drill program at its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta Province, Argentina. Drilling successfully resumed at Diablillos late February, after experiencing heavier rains than usual during January and February 2011. It is anticipated that the results, summarized below, may expand the resource at depth and laterally, while confirming the continuity of the aquifers and the contained lithium brines.

William Randall, President CEO of Rodinia, commented "We continue to intersect high quality lithium and potash brines on the Salar de Diablillos, evidenced by DRC-17 in the north-eastern margin of the Salar. With this intersection and the drilling that is ongoing, we believe that this may increase the size of our recoverable lithium and potash resource. This is a great start to what is expected to be a busy remainder of the year as we advance the Diablillos project, through the completion of exploration activities and culminating in the development of a preliminary economic assessment of the property."

DRC-12R is an extension of DRC-12 (please see press release dated January 13, 2011 for further detail regarding DRC-12) and targeted brines at depth below the resource area. DRC-12R successfully reached depths below the resource area encountering brines grading up to 620 mg/L lithium ("Li") at the bottom of the hole. The sequence is dominated by sand and gravel lithologies that formed the host for the bulk of the 2,817,000 tonne recoverable lithium carbonate equivalent ("LCE") resource estimate announced April 1, 2011.

DRC-17 was drilled on the north-eastern margin of the Salar to a total depth of 156 metres and encountering the basement at 141.5 metres. The basement encountered in this drill hole is highly fractured exhibiting flow rates of up to 86 l/m and lithium concentrations up to 720 mg/L Li at the bottom of the hole. The basement was intersected approximately 38.5 metres deeper than predicted by the gravity survey. The gravity survey formed the basis of the basement modeling used in the recoverable resource and it is therefore expected that the results of DRC-17 will result in an increase in the resource size. Results from DRC-12R and DRC-17 can be found in Table 1.

Table 1 – Results from reverse circulation drill holes DRC-12R and DRC-17.
Drill HoleFrom
(m)
To
(m)
Interval
(m)
Li
(mg/l)
K
(mg/l)
B
(mg/l)
Mg:LiSO4:Li
D-RC-12R60903054856507013.7013.20
And961141857359336703.5013.70
zone open at depth      
D-RC-174815610864066316883.4915.00
Fractured basement intersected @ 141.5m; due to drilling logistics samples in the interval 78-100.5 metres were not sampled and average values applied to the intersection based on the logged continuity of the aquifer.

A sampling procedure was enforced by management to ensure sample integrity during the drill program. Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted. Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately five minutes or until the brine appeared reasonably clean of sediment. After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine. Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.

The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; the anticipating timing and results with respect to the development of a preliminary economic assessment of the Diablillos property, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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