WESTERN LITHIUM US NPV (OTCMKTS:WLCDF) has doubled in market and share price value since hitting its 52-week low. The stock price currently is at $0.36. Lithium prices have appreciated significantly in the first part of 2016 which could lead to a significant rally in WLCDF shares.

Recently the company completed its line of credit agreement with its largest shareholder, Geologic Resource Partners, which gave WLCDF access to $5,000,000 line of credit. WLCDF is a Canada-based resource company focused on the development of its lithium and hectorite clay deposit at its Kings Valley Property. The Kings Valley Project is an area that covers roughly 15,233 hectares within Humboldt County, Nevada. In addition, WLCDF wholly owned subsidiary Hectatone has commissioned its organoclay manufacturing plant located in Fernley, Nevada. Hectatone manufactures specialty organoclay products. Hectatone products are used by the oil and gas industry as specialty viscosifier additives for drilling fluids.

WLCDF also has a huge property in Argentina with over 83,000 hectares. An agreement calls for lithium production to commence by early 2017. POSCO’s proprietary lithium extraction technology will be used for the production of lithium carbonate and lithium hydroxide. POSCO will finance the capital expenditures up to and including the initial phase of 2,500 tonnes of lithium carbonate, expected in late 2016. Ramp up to 20,000 tonnes is expected in 2017. If Lithium maintains its price or continues to increase, WLCDF will be in for a windfall profit.

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WESTERN LITHIUM US NPV (OTCMKTS:WLCDF)

WLCDF is currently trading at a $99.85 million market valuation. With lithium prices appreciating rapidly since the beginning of the year, WLCDF mining properties have increased in value overnight. WLCDF owns several large properties that will likely be a huge source of revenue if production can begin. Production is expected to begin in 2017. Stay tuned as we will be updating readers on this story.

We will be updating on WLCDF when more details emerge so make sure you are subscribed to Microcapspot so you know what’s going on with WLCDF .

Disclosure: we hold no position in WLCDF either long or short and we have not been compensated for this article.

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