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American Lithium Corp. - AMLI STOCK NEWS

Welcome to our dedicated page for American Lithium news (Ticker: AMLI), a resource for investors and traders seeking the latest updates and insights on American Lithium stock.

American Lithium Corp. (NASDAQ: AMLI) is an exploration-stage company focused on the identification, acquisition, and development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The company is at the forefront of the new energy paradigm, driven by the global transition to sustainable energy sources.

American Lithium’s core projects include the TLC Lithium project in Nevada, the Falchani Lithium project in Peru, and the Macusani Uranium project, also in Peru. Each of these projects is strategically located, ensuring access to rich mineral deposits and supportive local communities.

TLC Lithium Project

The TLC Lithium project is situated in the Esmeralda lithium district in Nevada. It is one of the largest lithium claystone deposits in the United States. The project has shown robust economics with a Measured and Indicated (M&I) resource of 8.83 million tonnes of Lithium Carbonate Equivalent (LCE). The TLC project is advancing through pre-feasibility with promising results on lithium purity and economic potential.

Falchani Lithium Project

The Falchani Lithium project in Southern Peru has recently completed a significant milestone by filing the Semi-Detailed Environmental Impact Assessment Study (EIA-sd). This project has exhibited a remarkable 476% increase in Measured and Indicated Resources, totaling 5.53 million tonnes of LCE. The updated Preliminary Economic Assessment (PEA) highlighted an after-tax NPV of $5.11 billion and an internal rate of return (IRR) of 32%, positioning it as a substantial, low-cost, long-life producer of high-purity lithium carbonate.

Macusani Uranium Project

The Macusani Uranium project is located in southeastern Peru. It is one of the largest pre-construction uranium projects globally, with potential for significant growth. The project is currently navigating through administrative and judicial processes to solidify its title over the concessions, with recent court rulings strongly favoring American Lithium’s claims.

American Lithium’s strategic partnerships and ongoing projects highlight its commitment to advancing sustainable energy solutions. The company’s latest achievements include the expansion of the resource footprint at the TLC project, commencement of mine permitting at Falchani, and significant progress in community-focused initiatives such as solar electrification programs in Peru. These efforts underscore American Lithium’s objective to drive the energy revolution while ensuring community well-being and environmental stewardship.

For more information, visit www.americanlithiumcorp.com or connect with American Lithium on Facebook, Twitter, and LinkedIn.

Rhea-AI Summary
American Lithium Corp. announces an updated Mineral Resource Estimate for the Falchani Lithium deposit in Peru, showing a significant increase in contained lithium. The Measured + Indicated Resource has increased by 476% to 5.53 million tonnes (Mt) Lithium Carbonate Equivalent (LCE). The Base Case cut-off has been lowered to 600 ppm Li from 1,000 ppm. The updated estimate supports long production potential at Falchani.
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American Lithium Corp. provides financial and operating highlights for the second quarter ended August 31, 2023.
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American Lithium Corp. announces a new lithium discovery in Peru, validating the potential for a large lithium district. The initial drill hole showed a lithium mineralized zone 222.5 meters thick, averaging 1,560 ppm Li. The company plans to conduct further metallurgical work to assess the economic potential. The discovery also confirms the company's belief that the Macusani Plateau has the potential to become a major lithium district.
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Global lithium demand expected to outmatch production, driving mining and revenues. Electrification of vehicles to boost lithium-ion battery demand. Government subsidies and investments to support market growth. Global lithium market size projected to reach $8.20 billion in 2023 with a CAGR of 12.3%. Indigo Exploration to deliver maiden lithium resource in early October. Lithium Americas shareholders vote in favor of separation. American Lithium announces process improvements for lithium carbonate production. E3 Lithium provides update on DLE technology results. American Battery Technology receives $57 million contract award for lithium hydroxide facility.
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American Lithium Corp. announces higher lithium purity and lower leach temperature in ongoing process work on TLC claystones. LC purity increased to 99.59% and leach temperature reduced to 50°C. Significant potential for lower acid consumption and lithium losses. Process improvements expected to enhance project returns.
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American Lithium publishes maiden ESG Report, demonstrating commitment to ESG policies and practices.
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American Lithium Corp. provides assay results from drill holes at the Falchani Lithium project in Peru. Drilling has extended lithium mineralization 400m west of the previous resource boundary. An updated mineral resource report is expected shortly. Ground water has yet to be encountered. EIA drill program progressing well.
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American Lithium Corp. announces positive assay results from three diamond drill holes at the Falchani Lithium project in Peru. Highlights include lithium grades up to 5,645 ppm and cesium grades up to 1.22%. The results show potential for resource expansion and reclassification. The company is requesting permission to drill deeper.
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FAQ

What is the current stock price of American Lithium (AMLI)?

The current stock price of American Lithium (AMLI) is $0.70999 as of November 22, 2024.

What is the market cap of American Lithium (AMLI)?

The market cap of American Lithium (AMLI) is approximately 152.5M.

What projects is American Lithium Corp. currently focused on?

American Lithium Corp. focuses on the TLC Lithium project in Nevada, the Falchani Lithium project in Peru, and the Macusani Uranium project in Peru.

What recent achievements has American Lithium made?

Recent achievements include completing the Semi-Detailed Environmental Impact Assessment Study for the Falchani project, expanding the resource footprint at the TLC project, and starting mine permitting at Falchani.

What is the significance of the TLC Lithium project?

The TLC Lithium project is one of the largest lithium claystone deposits in the United States and has shown robust economics with a significant M&I resource.

What are the key highlights of the Falchani Lithium project?

The Falchani project has shown a 476% increase in M&I Resources, with an after-tax NPV of $5.11 billion and an IRR of 32%, indicating its potential as a low-cost, long-life producer of high-purity lithium carbonate.

What is the status of the Macusani Uranium project?

The Macusani Uranium project is undergoing administrative and judicial processes to confirm title over its concessions. Recent court rulings have strongly favored American Lithium’s claims.

How is American Lithium contributing to community development?

American Lithium is involved in community initiatives such as a solar electrification program in Peru, benefiting local communities by providing electricity to remote homes.

What are the environmental initiatives taken by American Lithium?

American Lithium has submitted the Semi-Detailed Environmental Impact Assessment Study for the Falchani project, which is a significant step towards mine permitting and ensuring environmentally sustainable development.

What is the financial condition of American Lithium Corp.?

As of the latest update, American Lithium has cash and equivalents of $11.89 million and no debt, positioning it well for ongoing and future projects.

How does American Lithium plan to achieve its operational goals?

American Lithium aims to advance its projects through pre-feasibility studies, securing environmental permits, expanding resource footprints, and maintaining strong community and stakeholder relations.

Where can I find more information about American Lithium Corp.?

More information can be found on American Lithium’s website at www.americanlithiumcorp.com or through their social media channels on Facebook, Twitter, and LinkedIn.

American Lithium Corp.

Nasdaq:AMLI

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AMLI Stock Data

152.47M
196.95M
9.56%
7.76%
0.55%
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