Welcome to our dedicated page for AMER LITHIUM MINERALS news (Ticker: AMLM), a resource for investors and traders seeking the latest updates and insights on AMER LITHIUM MINERALS stock.
American Lithium Minerals Inc. (AMLM) is a mining and metals company based in Henderson, Nevada, focused on lithium exploration. The company owns five lithium projects in Central Nevada, including Sarcobatus, Stonewall Flat, West End, Silverpeak, and Claystone Hills. AMLM also holds projects in Nevada, Arizona, and Illinois for other battery metals. The recent settlement concerning the overstaking of its placer mining claims at the Sarcobatus Lithium Project has cleared the way for additional exploration and development. Encouraging lithium assay results at Sarcobatus and positive advancements in the Buckley Flat Graphite property indicate AMLM's commitment to contributing to the growing demand for battery materials, particularly in the electric vehicle industry.
American Lithium Minerals (OTC PINK:AMLM) has expanded its Sarcobatus Lithium Property in Nye County, Nevada, to now encompass 1,730 acres comprised of 87 placer mining claims. This includes 14 newly staked placer claims totaling 270 acres adjacent to the existing claim block.
The Sarcobatus property is strategically located near paved Nevada State Highway 267 and is traversed by electric power lines, making it suitable for mining infrastructure, processing plants, and waste management facilities. These new claims have been duly recorded with the Nye County Recorder's Office and the Nevada State Office of the US Bureau of Land Management (BLM).
Sarcobatus is a brine/sedimentary lithium target located 40 miles northwest of Beatty, Nevada, and 20 miles southeast of AMLM's Stonewall Flat lithium property. It is adjacent to Nevada Lithium's "Bonnie Claire" and Loyal Lithium's "Scotty" lithium projects.
American Lithium Minerals (OTC PINK: AMLM) has announced positive assay results from initial sampling at its Buckley Flat Graphite property in Nevada. The sample analysis revealed a 1.52% Carbon content, significantly higher than the average crustal abundance of 0.02%, and comparable to other advanced graphite projects. The property, acquired in 2022, covers 80 acres and is located near Hawthorne, Nevada, about 110 miles from Tesla's Gigafactory in Reno. With rising demand for graphite in lithium-ion batteries, AMLM plans further rigorous geochemical work over the next 12 months.
American Lithium Minerals (OTC PINK: AMLM) announced a settlement regarding the overstaking of 50 placer mining claims at Sarcobatus, Nye County, Nevada. The settlement clears AMLM’s ownership of the 1,000-acre project, avoiding litigation. The Sarcobatus property consists of 73 claims, primarily targeting brine/sedimentary lithium.
In late 2023, infill hand auger sampling at one meter depth on the Sarcobatus claims yielded lithium concentrations, with south end samples ranging from 380 ppm to 590 ppm (average 449 ppm) and north end samples ranging from 153 ppm to 463 ppm (average 294 ppm). These results are consistent with previous findings and are viewed as encouraging by AMLM.
FAQ
What is the current stock price of AMER LITHIUM MINERALS (AMLM)?
What is the market cap of AMER LITHIUM MINERALS (AMLM)?
Where is American Lithium Minerals Inc. (AMLM) based?
What are the core projects of AMLM?
What recent settlement has AMLM reached concerning its placer mining claims?
What are the encouraging results from the Buckley Flat Graphite property?
How has AMLM expanded its land position at the Sarcobatus Lithium Property?
