Western Lithium subsidiary Hectatone signs US distribution agreement
Published: Wednesday, 01 October 2014
The distribution agreement is significant for two reasons. Firstly, it underscores that the drilling mud product the company is producing is of a high enough quality to be distributed by the only trader for this market in the US. Secondly, it is only for part of the product and for five states, which leaves Hectatone ample opportunity to approach buyers directly.
US-based Western Lithium has signed a distribution agreement
with the only US distributor of organophilic clays for its
Hectatone products in five states.
The agreement, between Western's wholly-owned subsidiary
Hectatone Inc and Raw Materials Corp. (RMC), means that the
distributor has the exclusive right to sell certain
organophilic bentonite, hectorite...