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American Lithium Corp. (LI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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3.4300+0.2700 (+8.54%)
At close: 3:59PM EST
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  • t
    BLM approval is coming... I feel it, first week of March 🤞
  • S
    Venture 50!
  • R
    Added few more stocks at today’s bottom price.

    I am very bullish as BLM is on the way. It is going to be a big achievement for the LI to start generating revenue and partnerships with EV companies.
  • F
    LI American Lithium Corp is the world second largest lithium resource in size. The share price is underrated. Expect to rise quickly.
  • Y
    Sandy, do you have any knowledge of what ALC even does? They do not produce batteries for one. Do some research before posting in the future.
  • i
    LAC: filed BLM at 12/04/20, approval: 01/20/21. (about 6 weeks)
    LIACF: filed BLM at 01/13/21.....6 weeks...may be about 03/01/21
  • R
    Added few more stock today at 2.90 cad. I like the ride again.

    I am bullish as you all know waiting for the BLM approval.
  • R
    Today’s volume is above the average volume of this stock.
  • C
    "Vancouver, British Columbia and Toronto, Ontario – February 9, 2021 – American Lithium Corp. (TSXV:LI | OTCQB:LIACF | Frankfurt:5LA1) (“American Lithium”) and Plateau Energy Metals Inc. (TSXV:PLU | OCTQB:PLUUF) (“Plateau”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) to consolidate two significant and strategic undeveloped lithium assets in the Americas at a time of rapidly growing lithium demand in the context of increasing focus on electric vehicles, energy storage and renewable energy generation. It is expected that Plateau shareholders will hold approximately 21% of American Lithium’s shares on an outstanding undiluted basis upon completion of the Transaction (as defined below).

    Transaction Highlights
    Benefits to American Lithium Shareholders
    Establishes American Lithium’s position as a consolidator of lithium development assets in the Americas
    Substantially increases the lithium resource base combining American Lithium’s TLC lithium project (“TLC”) in Nevada and Plateau’s Falchani lithium project (“Falchani”) in Peru
    Adds additional growth potential to further explore and develop these district-scale lithium properties on a consolidated platform
    Exposure to the Macusani Uranium project (“Macusani”), believed to be the largest uranium deposit in Peru
    Complementary addition of key executives with significant technical expertise in lithium extraction and metallurgy
    Benefits to Plateau Shareholders
    Immediate and attractive premium to Plateau shareholders of 84% on a spot basis and 72% on a VWAP20 (as defined below) basis as of market close on February 5, 2021
    Opportunity to participate in a leading lithium explorer and developer with a highly strategic asset located proximal to the Tesla Gigafactory in mining-friendly Nevada as the US looks to expedite domestic production of lithium as part of its “Critical Mineral” initiatives
    Both jurisdictional and project risk diversification with the potential for two major production centres
    Enhances liquidity, access to capital and marketing expertise with a broad market following, allowing for the upside of the growing lithium market to be better realized
    American Lithium intends to implement a strategic approach to the uranium assets of Plateau, specifically Macusani, with the goal of maximizing the value of this asset for the benefit of shareholders of the combined entity following the closing of the transaction. The timing and exact approach to this asset will be determined following completion of the Transaction (as defined below).
    Michael Kobler, CEO and Director of American Lithium, stated: “We are very pleased to be able to add Plateau and its assets to the American Lithium platform. We believe that Falchani offers geographic and geological diversity in one of the leading mining jurisdictions in South America and one of the strongest emerging markets globally. The combination of assets and key personnel is complimentary and will position American Lithium with a large and diverse lithium resource base and strong technical expertise from which to unlock significant additional shareholder value.”
    Laurence Stefan, President and COO of Plateau, further added: “This Transaction represents a significant premium for our shareholders and allows us to gain exposure to an asset portfolio in Nevada, a successful team, and a larger public company platform possessing access to capital and excellent trading liquidity. Certain members of Plateau’s team and board will continue on with the newly diversified company to provide for continuity.”

    Transaction Details
    Under the terms of the Agreement, American Lithium has agreed to acquire all of the issued and outstanding common shares of Plateau (the “Transaction”) on the basis of 0.29 units (each whole unit, an “Exchange Unit”) of American Lithium for each share of Plateau held, by way of a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”).
    Each Exchange Unit will consist of one (1) common share of American Lithium plus one-half (0.5) of a common share purchase warrant of American Lithium (each whole such warrant, an “Exchange Warrant”). Each Exchange Warrant will entitle the holder to acquire one (1) additional common share of American Lithium at an exercise price of $3.00 for a period of thirty-six (36) months from completion of the Transaction. American Lithium will use commercially reasonable efforts to list the Exchange Warrants on the TSX Venture Exchange as soon as practicable following closing of the Transaction.
    The Arrangement represents a 72% premium to Plateau shareholders using the trailing 20-day volume weighted average trading price (“VWAP20”) on the TSX Venture Exchange of each company as of market close on February 5, 2021 and valuing the Exchange Warrants using the Black-Scholes methodology at a 50% volatility."
  • R
    Every dip is the opportunity to have more stock.

    Just waiting for the BLM approval,. Once it has a BLM approval this is going to trade more than 10 dollars.

    Note down my statement.
  • L
  • A
    This will recover very quickly just keep buying dips!!
  • T
    If the price opens above $2.95 on Monday, expect a quick move higher and to maybe a new high!
  • R
    Note down my statement.

    anytime they will have a BLM approval in days and will trade above 10 dollars.
  • 🎩 Oz
    This executive order should light a fire under BLM. Permit is virtually quarteed without numerous reviews. Can't wait to start mining. So glad to be a part of this great beginning!
  • A
    Tomorrow will be green!!
  • R
    I like the ride so far made a good decision adding more today’s low.

    Go LI. just waiting for the BLM news,.
  • T
    American Lithium Reaches Agreement to Acquire Plateau Energy Metals and Consolidate Development-Stage Lithium Assets
  • c
    Good info

    Whenever a stock is halted, there is a code assigned to the company. For example, the most common stock halt code is "T1" which is slapped on a company ahead of the pending release of material news.
    A less common but still frequent trading halt code is "T5" which is put in place when a stock moves at least 10 percent in a five-minute period.
    DryShips Halted On T12
    One of the more uncommon trading halt codes is "T12" which is what was assigned to DryShips' stock halt. The "T12" halt code is put in place when the Nasdaq exchange requests additional information from the company.
    The Nasdaq exchange is likely questioning why the stock soared from around $5 per share to above $120 per share in just a week.
    As of Thursday morning, DryShips did not comment on the stock halt.
    Now What?
    According to FINRA, a trading halt can last up to 10 business days and is issued when the SEC believes the investing public may be at risk.
    The SEC holds the authority to halt trading in a stock based on trading activity alone, even if the company is up to date in its regulatory filing.
    Can't Be Good News
    According to Nasdaq's website, there is another company whose stock is halted on a "T12" code - DS Healthcare Group Inc (NASDAQ: DSKX). The nano-cap personal care, product development and marketing company has seen its stock halted on April 4.
    This Has Happened Before
    The SEC suspending trading in a stock called Force Energy last year.
    According to Goodetrades, the company's stock was halted on July 20 at 10:21 a.m. with a T12 halt code and the SEC suspended trading in the pre-market session the next day.
    The reason for the suspension was attributed to: "Questions have also arisen concerning potential manipulative activity of FNRG's stock, including transactions between February 25 and April 2, 2015 and the funding of those transactions."
  • s
    About BLM timeframe is Jan.13 + 120 day = May 13. You have another 3 months before getting in.