Business
Western Lithium - Update
Western Lithium - Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 1331R Rare Earth Minerals PLC 09 September 2014 \n \n\n \n9 September 2014 \n \nRare Earth Minerals Plc.\n \n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\nWestern Lithium - Update.\nRare Earth Mineral Plc (AIM: REM) is pleased to announce that Western Lithium USA Corporation (\"Western Lithium\"), in which REM holds an approximate 2.29% interest, has announced that its 12 ton per day calcination demonstration plant is in production. This product will be shipped to Western Lithium's demonstration crystallisation and precipitation plant, which is expected to be operational in November 2014 with lithium compound production from the demonstration plant expected by the end of 2014. Western Lithium will include a lithium hydroxide circuit, in addition to planned production of lithium carbonate, to meet potential new industry requirements.\nThe purpose of the demonstration plant is to produce lithium carbonate and byproduct samples on pilot scale equipment for strategic investors and potential off-take partners to witness, and to complete a Feasibility Study showing the commercial viability of the project using Western Lithium's patented technology, in order to attract engineering and construction capital.\nThe Western Lithium news release is shown in full below.\nKiran Morzaria, the Company's Chief Executive Officer commented: \n\"REM is pleased with Western Lithium's progress towards the commercial production of Lithium compounds from their Kings Valley Lithium Project in Nevada, the USA state where Tesla Motor Corporation have recently announced their intention to build their first lithium-ion Gigafactory.\"\n\"To date, the majority of the world's lithium supply comes from brine and hard rock deposits. The Kings Valley Lithium Deposit in Nevada and the Sonora Lithium Deposit in northern Mexico present a potential alternative source of Lithium supply to a market that is estimated to grow significantly over the coming years driven primarily by the growth in the electric vehicle market.\"\n- Ends -\nFor further information please contact: \nRare Earth Minerals plc &n...