American Lithium Secures Water Reservation Agreement from Tonopah Public Utilities and the Town of Tonopah in Nevada for TLC Project Operations
American Lithium (OTCQX:AMLIF) has secured a crucial Water Reservation Agreement with Tonopah Public Utilities for its TLC Project in Nevada. The agreement reserves 900-1,250 gallons per minute of water supply for Phase 2 operations, complementing existing water rights for Phase 1.
The agreement includes a $200,000 initial payment to benefit Tonopah's infrastructure and education, with a 3-year initial term extendable for up to 7 additional years at $50,000 per year. The TLC Project aims to produce 24,000 tonnes of lithium carbonate equivalent (LCE) annually in Phase 1, expanding to 48,000 tonnes in Phase 2, positioning it among the largest potential lithium operations in the United States.
American Lithium (OTCQX:AMLIF) ha assicurato un cruciale Accordo di Riserva Idrica con Tonopah Public Utilities per il suo Progetto TLC nel Nevada. L'accordo riserva 900-1.250 galloni al minuto di approvvigionamento idrico per le operazioni della Fase 2, completando i diritti idrici esistenti per la Fase 1. L'accordo include un pagamento iniziale di 200.000 dollari per beneficiare l'infrastruttura e l'istruzione di Tonopah, con un periodo iniziale di 3 anni estendibile fino a ulteriori 7 anni a 50.000 dollari all'anno. Il Progetto TLC punta a produrre 24.000 tonnellate di equivalente carbonato di litio (LCE) all'anno nella Fase 1, espandendosi a 48.000 tonnellate nella Fase 2, posizionandolo tra le più grandi potenziali operazioni di litio negli Stati Uniti.
American Lithium (OTCQX: AMLIF) ha asegurado un acuerdo crucial de Reserva de Agua con Tonopah Public Utilities para su Proyecto TLC en Nevada. El acuerdo reserva 900-1,250 galones por minuto de suministro de agua para las operaciones de la Fase 2, complementando los derechos de agua existentes para la Fase 1. El acuerdo incluye un pago inicial de 200,000 dólares para beneficiar la infraestructura y la educación de Tonopah, con un plazo inicial de 3 años, extensible hasta 7 años adicionales a 50,000 dólares por año. El Proyecto TLC tiene como objetivo producir 24,000 toneladas de equivalente de carbonato de litio (LCE) anualmente en la Fase 1, expandiéndose a 48,000 toneladas en la Fase 2, posicionándolo entre las mayores operaciones de litio potenciales en los Estados Unidos.
American Lithium (OTCQX: AMLIF)는 네바다 주 TLC 프로젝트를 위해 Tonopah Public Utilities와 중요한 수자원 예약 계약을 체결했습니다. 계약은 2단계 운용을 위한 분당 900-1,250갤런의 물 공급을 예약하고 1단계의 기존 물권을 보완합니다. 계약은 Tonopah의 인프라와 교육에 이익이 되는 초기 20만 달러의 지불을 포함하며, 최초 3년의 기간이 시작되며 최대 7년까지 연간 5만 달러로 연장될 수 있습니다. TLC 프로젝트는 1단계에서 매년 24,000톤의 리튬 카보네이트 등가물(LCE)을 생산하는 것을 목표로 하고, 2단계에서 48,000톤으로 확장하여 미국에서 잠재적으로 가장 큰 리튬 운영 중 하나가 됩니다.
American Lithium (OTCQX: AMLIF) a obtenu un accord crucial de réservation d'eau avec Tonopah Public Utilities pour son projet TLC dans le Nevada. L'accord réserve 900-1 250 gallons par minute d'approvisionnement en eau pour les opérations de la phase 2, complétant les droits hydriques existants pour la phase 1. L'accord prévoit un paiement initial de 200 000 dollars au bénéfice de l'infrastructure et de l'éducation de Tonopah, avec une durée initiale de 3 ans, extensible jusqu'à 7 années supplémentaires à 50 000 dollars par an. Le projet TLC vise à produire 24 000 tonnes d'équivalent carbonate de lithium (LCE) par an lors de la phase 1, s'étendant à 48 000 tonnes lors de la phase 2, le plaçant parmi les plus grandes opérations potentielles de lithium aux États-Unis.
American Lithium (OTCQX: AMLIF) hat eine entscheidende Wasser-Resservierungsvereinbarung mit Tonopah Public Utilities für ihr TLC-Projekt in Nevada gesichert. Die Vereinbarung reserviert 900-1.250 Gallonen pro Minute Wasserversorgung für die Operationen der Phase 2 und ergänzt die bestehenden Wasserrechte für Phase 1. Die Vereinbarung sieht eine Anzahlung von 200.000 US-Dollar zugunsten der Infrastruktur und Bildung von Tonopah vor, mit einer anfänglichen Laufzeit von 3 Jahren, die um bis zu weiteren 7 Jahre auf 50.000 US-Dollar pro Jahr verlängert werden kann. Das TLC-Projekt zielt darauf ab, in Phase 1 24.000 Tonnen Lithiumcarbonatäquivalent (LCE) pro Jahr zu produzieren und in Phase 2 auf 48.000 Tonnen zu erweitern, wodurch es zu einer der größten potenziellen Lithiumbetriebe in den Vereinigten Staaten gehört.
American Lithium (OTCQX: AMLIF) أبرمت اتفاقية حجز مياه حاسمة مع Tonopah Public Utilities لمشروع TLC في نيفادا. تحجز الاتفاقية 900-1,250 جالونًا في الدقيقة من إمدادات المياه لعمليات المرحلة 2، مكملةً حقوق المياه القائمة لمرحلة 1. وتتضمن الاتفاقية دفعة ابتدائية قدرها 200,000 دولار لصالح بنية Tonopah التحتية والتعليم، لمدة ابتدائية تبلغ 3 سنوات قابلة لتمديد حتى 7 سنوات إضافية بمقدار 50,000 دولار سنويًا. يهدف مشروع TLC إلى إنتاج 24,000 طن من مكافئ كربونات الليثيوم (LCE) سنويًا في المرحلة 1، مع التوسع إلى 48,000 طن في المرحلة 2، مما يجعله واحدًا من أكبر عمليات الليثيوم المحتملة في الولايات المتحدة.
American Lithium (OTCQX: AMLIF) 已与 Tonopah Public Utilities 就其在内华达州的 TLC 项目获得了一项关键的水资源保留协议。该协议为二阶段运营保留 每分钟 900-1,250 加仑 的水供应权，以补充阶段一现有的水权。协议还包括一笔 20万美元的初始付款，用于惠及 Tonopah 的基础设施和教育，初始期限为 3 年，可延长至最多额外 7 年，年费为 50,000 美元/年。TLC 项目的目标是在阶段一每年生产 24,000 吨的碳酸锂当量（LCE），并在阶段二扩大至 48,000 吨，使其成为美国潜在最大锂运营之一。
- Secured essential water rights for Phase 2 expansion, supporting long-term growth
- Project scalability from 24,000 to 48,000 tonnes of LCE production annually
- Strategic location near infrastructure and skilled workforce
- Water agreement extends for the full life of project operations
- Significant infrastructure investments required for water delivery systems
- Additional hydrology and engineering studies needed at company's expense
- Annual payments of $50,000 required for agreement extensions
VANCOUVER, British Columbia, Sept. 26, 2025 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V: LI | OTCQX: AMLIF | Frankfurt: 5LA1) is pleased to announce that its wholly-owned subsidiary, Tonopah Lithium Corp. (“TLC”), has signed a binding Water Reservation Agreement with the Town of Tonopah and Tonopah Public Utilities (“TPU”). TLC intends to use its existing fully-owned water rights for Phase 1 of the TLC Project in Nye County, Nevada, with this essential additional water supply securing the needs for Phase 2.
Key Highlights of the Agreement
- Reserved Water Supply: TPU agrees to reserve and allow for TLC’s future use of 900 – 1,250 gallons per minute (1,450 – 2,000 acre-feet annually) of water, subject to results of hydrology and engineering studies to be undertaken by TLC at its sole expense.
- Hydrology & Engineering Studies: TLC will conduct detailed studies in the Ralston Valley Basin to confirm sustainable pumping rates and to determine the specifications of upgraded pipelines and well fields.
- Infrastructure Commitment: If TLC elects to proceed with the water supply from TPU, TLC will be responsible for the construction of water delivery improvements, including upgraded wells, pipelines, and storage tanks, with all infrastructure ultimately transferred to TPU following project closure.
- Community Benefits Funded by Financial Consideration: For this Water Reservation Agreement TLC will provide an initial USD
$200,000 payment, to be held in a restricted account through the Community Foundation of Northern Nevada. These funds may only be used by the Town of Tonopah for:- Taking loans against it for infrastructure projects within the Town, or
- Funding scholarships for Tonopah High School graduates and/or local residents enrolled in colleges.
- Long-Term Commitment: The Agreement provides an initial 3-year term for the reservation of water supply, renewable for up to 7 additional one-year terms (for a consideration of
$50,000 USD per year of extension), to allow TLC to complete the required hydrology and engineering studies. Importantly, if the TLC Project is built, the Agreement ensures that water will be supplied for the full life of the project’s operations, subject to results of hydrology and engineering studies.
The TLC Project – Scalable U.S. Lithium Production
The TLC Project, located near Tonopah in Nye County, is one of the largest known lithium-bearing claystone deposits in North America. The Company envisions a two-phased development approach:
- Phase 1: Nominal production of approximately 24,000 tonnes per year of lithium carbonate equivalent (LCE).
- Phase 2: Expansion to a nominal 48,000 tonnes per year of LCE, positioning TLC among the largest potential lithium operations in the United States.
TLC benefits from its strategic location close to infrastructure, skilled workforce, and downstream battery manufacturing capacity emerging across the U.S. Southwest.
Alex Tsakumis, Interim CEO of American Lithium, states:
“This agreement represents a significant milestone for American Lithium, ensuring the availability of critical water resources for Phase 2 of the TLC Project while directly supporting the Town of Tonopah and Nye County. Our collaboration with Tonopah Public Utilities reflects our commitment to building strong, mutually beneficial relationships with local communities, and we are proud that the
About American Lithium
American Lithium is developing two of the world’s largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.
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 of Directors of American Lithium Corp.
“Alex Tsakumis”
Interim CEO
Tel: 604 428 6128
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management and are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on July 30, 2025, and in recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
FAQ
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