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.
American Lithium Corp has reported a tragic vehicle accident near its project site in Southern Peru, leading to the death of a local passenger and injuries to two employees. CEO Simon Clarke expressed deep sadness, offering condolences and support to the affected families. The company is coordinating with local authorities regarding the incident and plans to establish an endowment honoring the deceased.
American Lithium is focused on developing lithium projects in the Americas, including the TLC lithium claystone project in Nevada and the Falchani and Macusani projects in Peru. The company emphasizes strong community support for its projects and has begun pre-feasibility work at TLC and Falchani.
The demand for lithium is expected to surge due to increasing energy storage needs driven by urbanization and industrialization. Advances in mining technology, such as direct extraction methods, enhance the efficiency and sustainability of lithium production. According to Fortune Business Insights, the global lithium mining market is projected to reach $516.22 million by 2028, growing at a CAGR of 6%. Major countries involved in lithium production include the US, Canada, Australia, and Chile, with Australia holding the largest market share. Active mining stocks include Livent Corporation (NYSE: LTHM), American Lithium Corp. (NASDAQ: AMLI), and Piedmont Lithium Inc. (NASDAQ: PLL). Recent developments highlight the potential for increased lithium resources and production capacity across North America, reinforcing the importance of lithium in the electric vehicle and battery sectors.
The demand for lithium, crucial for renewable energy and electric vehicles, is expected to grow 40-fold by 2040, according to the International Energy Agency. Latin America, particularly Bolivia, Argentina, and Chile, houses 60% of global lithium reserves. The US Geological Survey estimates Bolivia possesses 21 million tons, Argentina 19.3 million tons, and Chile 9.6 million tons of identified lithium. Successful drilling programs at Lithium South Development's Alba Sabrina claim indicate significant lithium brine discoveries, while Sociedad Química y Minera de Chile reported a substantial revenue increase for 2022, reaching $3.9 billion.
American Lithium Corp. has launched the Preliminary Feasibility Study (PFS) for its Tonopah Lithium Claims (TLC) project in Nevada, engaging DRA Global as lead engineer. Initial work includes a diamond core drilling program to support detailed metallurgical testing. Previously announced highlights of the Preliminary Economic Assessment (PEA) indicate a pre-tax NPV of $3.64 billion, an IRR of 28.8%, and an average annual pre-tax cash flow of $435 million. The project aims to produce 1.46 million tonnes of lithium carbonate over 40 years, with significant capital costs estimated at $1.46 billion.
American Lithium Corp has appointed DRA Global as the lead engineer for the Pre-Feasibility Study (PFS) on its Falchani Lithium Project in Peru. The company is updating its Preliminary Economic Assessment (PEA) to incorporate new mineral resource data and by-products like Sulphate of Potash and Cesium. This update is timely as lithium carbonate prices have risen significantly, with recent studies suggesting values up to $24,000 per tonne. The project has local community support, and additional hydrology drilling has restarted as part of the Environmental Impact Assessment (EIA).
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