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American Lithium Corp. (LI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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1.3300-0.0200 (-1.48%)
At close: 3:59PM EST
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Previous Close1.3500
Open1.3400
Bid1.3100 x 0
Ask1.3400 x 0
Day's Range1.3100 - 1.3700
52 Week Range0.1000 - 2.9800
Volume266,075
Avg. Volume477,996
Market Cap152.893M
Beta (5Y Monthly)3.97
PE Ratio (TTM)N/A
EPS (TTM)-0.1400
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • American Lithium Continues Drilling To Expand Resource And Provide Bulk Sample Materials For Additional Processing Options At Nevada TLC Lithium Project
    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.

  • GlobeNewswire

    American Lithium Finalizes Water Rights/Land Acquisition and Confirms Strong Treasury Position

    VANCOUVER, British Columbia, Sept. 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 the completion of a Real Estate Property Purchase Agreement to acquire over 300 acres of privately held lands and the accompanying 1,176 acre-feet of water rights pursuant to a previously signed Letter of Intent (See Company news release dated July 27th, 2020). Pursuant to the terms of the agreement, $300,000 USD has now been paid to the vendor, leaving $1 million to be paid in equal annual installments over the next four years. The land and water acquisition provides a private land holding on which the Company is preparing to develop a pilot plant to continue process evaluation work for the Company’s wholly owned TLC lithium project near Tonopah, Nevada. American Lithium further reports that as a result of recent share purchase warrant and stock option exercises, the Company has $6.7 million CDN in working capital.American Lithium CEO, Michael Kobler, states “"The goal of the lithium recovery process that is and continues to be developed for the TLC project is to be as water efficient as is practically possible. That said, there is makeup water required, and our goal with this purchase is to supply all the makeup water for our project. Our target is to have minimal impact on the land and water of the area around the project, and our efficient lithium recovery process and water rights are aligned with this goal."Stock Option GrantAmerican Lithium also announces that, pursuant to its Stock Option Plan, it has granted stock options to certain management and consultants to purchase an aggregate of 4,800,000 common shares of the Company at a price of $1.28 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 2020. 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 metallurgical testing information reported herein was reviewed by Jared Olson, Metallurgist and VP Operations McClelland Labs, a qualified person under National Instrument 43-101.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/.For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com. Follow us on Facebook, Twitter and LinkedIn.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 Process Testing Produces Lithium Carbonate From Claystone At TLC

    VANCOUVER, British Columbia, Sept. 10, 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 it has produced lithium carbonate from its flagship Tonopah Lithium Claims (TLC) claystone deposit. Leachate produced by McClelland Laboratories in Reno, Nevada from TLC was systematically put through a base-case process to remove impurities before precipitating lithium carbonate successfully. This milestone prompted the beginning of a testing program to optimize each step of the process to improve economics and reduce waste. To facilitate this program, Dr. Jarrett Quinn, lithium mining veteran, was retained as a metallurgical consultant.Dr. Quinn has worked as an independent consultant in the lithium mining industry, and has worked on plant design, start-up and in operations for the mining and metallurgical industry. His academic and research background includes a Ph.D. in Mining and Materials Engineering from McGill University.Dr. Quinn states, “The process we have currently developed, works, but continued process testing will explore each stage in detail to maximize the economics of the overall process. Simultaneously, we will be investigating potentially game-changing and alternative technologies to evolve the process further.”Michael Kobler, CEO of American Lithium, states, “We are proud of the team having accomplished the milestone of producing lithium carbonate from our TLC ore leachate. Although at bench scale, this is confirmation that we are on the right path. We are pleased to work through this process engineering under the direction of Dr. Jarrett Quinn. His extensive experience in lithium production and nickel laterite clay minerology is directly relatable to our project. Further, his education, experience, and track record of success is a perfect fit with this project, and we are delighted to work with and learn from him.”The current testing program is intended to produce design information required for the construction of a continuously operating pilot plant planned for 2021/22. The pilot plant will showcase the operations of the eventual full-scale plant. Lithium is a critical mineral that needs to be produced domestically, and the TLC project has the potential to be a low-cost, sustainable, and domestic source of this mineral.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 2020. 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 metallurgical testing information reported herein was reviewed by Jared Olson, Metallurgist and VP Operations McClelland Labs, a qualified person under National Instrument 43-101.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/.For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com. Follow us on Facebook, Twitter and LinkedIn.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.