| Previous Close | 2.3900 |
| Open | 2.2300 |
| Bid | 2.2900 x 0 |
| Ask | 2.3000 x 0 |
| Day's Range | 2.1600 - 2.3600 |
| 52 Week Range | 0.1400 - 2.9800 |
| Volume | 1,415,846 |
| Avg. Volume | 703,858 |
| Market Cap | 264.401M |
| Beta (5Y Monthly) | 3.62 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.1400 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
American Lithium Comments on Recent Promotional Activity
VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”) has been requested by OTC Markets Group Inc. (“OTC Markets”) to comment on recent promotional activity concerning its common shares traded on the OTCQB. On January 12, 2021, OTC Markets sent the Company copies of articles by Promethean Marketing, Inc. (“Promethean”) and Global Profit Systems, LLC (“Global”). Promethean is a third-party marketing and advertising firm which was retained by the Company to provide content distribution and advertising services. While the Company did engage Promethean, it does not have any relationship with Global. The Company was not involved in the preparation of the articles published by Promethean or Global, nor did it have editorial control over the content of the articles, and only became aware of the articles on January 12, 2021, following notification by OTC Markets. The Company does not believe the statements referencing it in the articles were false or misleading. The Company has been advised by OTC Markets that OTC Markets takes the position that aspects of the statements were overly promotional. The Company wishes to caution readers that these statements are speculative in nature. For more complete and specific information regarding the Company, its prospects and the risks associated with those prospects, readers should consult the Company’s website and other reliable sources. The Company does not believe the promotional activities were a factor in the recent increase in trading volume in the Company’s common shares on the OTCQB which occurred on January 12, 2021. Instead, the Company attributes the increase to heightened interest in development-stage lithium projects primarily driven by anticipated demand from the electric vehicle market. After an inquiry of management, none of the Company’s officers, directors, controlling shareholders or third-party service providers have sold or purchased securities of the Company in the past ninety days. In the last twelve months, except for Promethean, the Company has not engaged any parties to provide investor relations, public relations services, marketing or other related services. The Company has not issued any convertible instruments or securities allowing conversion to equity securities at prices constituting a discount to the current market price at the time of issuance. About American Lithium Corp. American Lithium is actively engaged in the acquisition, exploration and development lithium deposits within mining-friendly jurisdictions throughout the Americas. The Company is currently exploring and developing the TLC lithium project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.’s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.’s Clayton Valley Project. For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com. On behalf of the Board, American Lithium Corp.Michael Kobler, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.
- GlobeNewswire
American Lithium Submits Plan of Operations to the Bureau of Land Management for the Next Phase of Operations
VANCOUVER, British Columbia, Jan. 13, 2021 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”), a leader in acquisition, exploration and development, reports it has submitted its Plan of Operations to the Bureau of Land Management (BLM) moving it towards its next phase of development and operations at its flagship Tonopah Lithium Project (TLC) project near Tonopah, Nevada.Drilling during 2019 and 2020 resulted in the discovery of a high-quality lithium deposit that is amenable to leaching with a measured and indicated resource of 5.37 million tonnes lithium carbonate equivalent (LCE) and another 1.76 million LCE inferred. As ongoing process and flowsheet engineering continues, it is critical to move towards further understanding of the deposit and to the development of a pilot plant for process stream testing to refine the economics of the project.The Plan of Operations increases the surface disturbance allowance to 168 acres in two phases, 84.5 acres in Phase 1, and 78.5 acres in Phase 2, and includes all necessary descriptions of environmental and reclamation planning for the next phase of operations, which includes: * 95 new drill sites to further characterize the extensive TLC resource * 5 large test pits to provide bulk sampling for metallurgical testing * One 5-acre laydown area intended for the future pilot plant * Biological and cultural surveys that can be used for further permitting without additional costThe American Lithium team prioritized all environmental and cultural work early on to fast-track the project towards this next phase of drilling and testing. The biological survey found no species or habitat protected under the ESA (Endangered Species Act) within the project area expediting company ability to move towards the next phase. Information gained under the proposed new drilling program will lead to a mining plan.Michael Kobler, CEO of American Lithium, states “We are pleased to submit this application for a Plan of Operations to the BLM as we move this project forward. There have been no significant environmental issues, so the project is ready to move forward and produce bulk sampling for our extensive metallurgical testing program and planned pilot plant operation. This exciting development will further advance TLC toward the development of a large-scale, lithium mine in the United States.”The Plan of Operations, along with the associated Biological and Cultural Surveys were produced in conjunction with EM Strategies, Inc. of Reno, Nevada.Stock Option GrantAmerican Lithium also announces that, pursuant to its Stock Option Plan, it has granted stock options to certain consultants to purchase an aggregate of 500,000 common shares of the Company at a price of $1.98 per share for a period of 5 years from the grant date. This stock option grant is subject to acceptance by the TSX Venture Exchange.About the TLC PropertyThe TLC sedimentary lithium discovery is an exploration and development project located 12 kilometres northwest of Tonopah, Nev., and easily accessible by paved highway. Work to date has identified a 5.3-million-tonne measured and indicated lithium carbonate equivalent resource, with an additional 1.7 million tonnes inferred, placing the Company's resource amongst a handful of potential lithium deposits in Western North America capable of development. TLC is near surface, relatively flat-lying and a free-digging lithium sedimentary deposit that the company expects to advance through an early-stage economic study in 2021. Just south of the Crescent Dunes solar energy plant, the project is favourably located for future production given the immediate access to some of the cheapest electricity in Nevada.About American Lithium Corp. American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. The Company is currently exploring and developing the TLC project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle's Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.'s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.'s Clayton Valley project.The technical information within this news release has been reviewed and approved by Bruce Kienlen, P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com.On behalf of the Board,American Lithium Corp. Michael Kobler, Chief Executive OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking statements Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.
- GlobeNewswire
American Lithium Continues Drilling To Expand Resource And Provide Bulk Sample Materials For Additional Processing Options At Nevada TLC Lithium Project
VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”), a leading lithium exploration and development operator is pleased to report commencement of the phase III drill campaign to expand the current 5.37 million tonnes (Mt) Lithium Carbonate Equivalent (LCE) at the Company’s wholly owned TLC sedimentary lithium project in Nevada, USA. Further, the program will provide bulk material to continue independent testing and validation of existing work on economical production of lithium by both hydrometallurgical and thermal processing methods. To date, all holes drilled at TLC have intersected significant lithium. A maiden pit constrained resource of 1.107 billion tonnes measured and indicated (“M+I”) plus 362 Mt Inferred was established through the phase I & II drilling program of 2019-2020. This program included 23 RC drill holes and 5 core holes to yield this 5.37 million tonnes LCE M+I and 1.76 million tonnes LCE Inferred at a 400 ppm cut-off grade. Already established as one of North America’s largest confirmed sedimentary resources, this TLC resource is open both to the north and west on existing claims. In July 2020, an additional 52 claims comprising 1,074 (+26%) acres contiguous to the existing TLC property were added to the project due to evidence that the lithium structures continue in these directions.Boart Longyear Company of Glendale, Arizona is contracted to complete six 6” diameter sonic drill holes. Since the ore is close to the surface the holes will be no more than 400 feet in depth. Initially, the drilling will focus north and northwest in the existing resource to upgrade inferred resources into measured & indicated resources. This drilling will test the newly acquired claim block to potentially further expand the resource on the site.A key benefit from the recovered core in this drilling program is the availability of significant bulk samples to validate and optimize the Company’s hydrometallurgical and thermal processing options. American Lithium continues to work on numerous attractive process variations to seek the optimum flow-sheet for planned economic studies early in 2021.Mike Kobler, CEO of American Lithium, notes “This phase III drilling program offers a strong opportunity to extend the size of this lithium deposit. We are most enthusiastic that our particular mineralization may offer more than one advantageous cost effective production opportunity that can be a real game-changer to fulfill the critical and expanding need for domestic lithium production in North America.”Please watch our corporate video at https://www.americanlithiumcorp.com/our-company/ and review our informative short project update videos and related background information at https://www.americanlithiumcorp.com/projects/tlc-nevada/.About The TLC Project The TLC sedimentary lithium discovery that transformed into an exploration and development project is located 12 kilometres northwest of Tonopah, Nevada, with easy access by paved highway. Work to date has identified a 5.3-million-tonne measured and indicated lithium carbonate equivalent resource, with an additional 1.7 million tonnes inferred, placing the Company's resource amongst a handful of lithium deposits in North America capable of development. TLC is near the surface, relatively flat-lying and a free-digging lithium sedimentary deposit that the company expects to advance through an early-stage economic study in 2021. Neighboring the Crescent Dunes solar energy plant, the project is favourably located for future production given the immediate access to some of the cheapest electricity in Nevada and availability of local labor, raw materials and water.About American Lithium Corp. American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. The Company is currently exploring and developing the TLC project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle's Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.'s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.'s Clayton Valley project.The technical information within this news release has been reviewed and approved by Bruce Kienlen, P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com.On behalf of the Board,American Lithium Corp. Michael Kobler, Chief Executive OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking statements Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.
