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American Lithium Corp (LIACF) announced that the Bureau of Land Management is reviewing an Administrative Draft Environmental Assessment for its Tonopah Lithium Claims Project. The updated Plan of Operations includes drilling at 110 sites and excavating five test pits. The approval is expected by late Fall 2021, allowing the next phase of development. The company is also focusing on metallurgical testing and optimizing recovery options for a robust preliminary economic assessment. Additionally, further drilling will be conducted to assess lithium mineralization and water table depth.
American Lithium Corp (LIACF) reports significant progress in lithium extraction at its Tonopah Lithium Claims Project. Recent tests show a remarkable 95.1% lithium extraction using hydrochloric acid. The company has identified multiple extraction methods, including sulfuric acid and salt roasting, achieving up to 92% and 82% extractions respectively. The focus now shifts to optimizing processes for a robust Preliminary Economic Assessment (PEA), anticipated late this year or early next year, aiming to minimize environmental impact while maximizing economic benefits.
American Lithium Corp has announced a live webinar scheduled for July 6, 2021, to discuss its recent merger with Plateau Energy Metals and future plans for the TLC Project in Nevada. The merger positions American Lithium as a major player in the energy metals sector across the Americas. The company aims to leverage its combined assets to become a global leader while prioritizing sustainable practices. The launch of a new website and active social media channels complement its strategic initiatives.
American Lithium Corp. announced a breakthrough in lithium extraction at its Tonopah Lithium Claims Project. Recent tests at Hazen Research reveal that roasting lithium-bearing claystones followed by water leaching yields an 82% lithium extraction with lower impurities compared to conventional acid leaching. The company will explore this new method at Hazen and TECMMINE, aiming for a robust Preliminary Economic Assessment. The results indicate the TLC resource's versatility, paving the way for producing battery-grade lithium carbonate or hydroxide.
American Lithium Corp (TSX-V:LI | OTCQB:LIACF) has announced significant progress at its Tonopah Lithium Claims Project in Nevada. The U.S. Bureau of Land Management has deemed the submitted Plan of Operations complete, moving towards approval within three months.
Biological surveys confirm no endangered species are present, expediting project advancement. The upcoming phase involves drilling 95 holes and five test pits for lithium resource evaluation. The Company aims to establish itself as a sustainable battery-grade lithium supplier in North America, aligning with U.S. government initiatives on critical supply chains.
American Lithium Corp (TSX-V:LI | OTCQB:LIACF) announced promising lithium results from two new target areas near the Falchani lithium deposit in southeastern Peru. The company has identified two drill-ready areas and plans to initiate drilling to explore further lithium deposits. Additionally, resource expansion drilling will occur at the existing Falchani and Macusani uranium projects, with drilling expected to commence in late June 2021. Recent surface sampling returned lithium grades between 88 ppm and 2,700 ppm. The company is committed to advancing its projects amidst ongoing environmental and community permitting processes.
American Lithium Corp. has completed the acquisition of Plateau Energy Metals, effective May 11, 2021, making Plateau a wholly-owned subsidiary. The merger combines two of the largest lithium development projects globally and enhances American Lithium's portfolio, providing geographic and geological diversity. Investors can anticipate a strong working capital of approximately $19 million at closing. Each Plateau shareholder will receive shares and warrants of American Lithium based on a specified exchange ratio. The merger is poised to position the combined entity as a key player in the energy metals sector.
American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) has received strong support (99.8%) from Plateau Energy Metals shareholders for their merger, marking a significant step in their business combination. This transaction is pending final approval from the Ontario Superior Court and is expected to close around May 11, 2021. Following the merger, American Lithium will acquire Plateau's shares at a rate of 0.29 units for each share held. Additionally, the company announced a strategic acquisition of 2,260 acres adjacent to its TLC project to enhance exploration capabilities.
American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) announced a non-brokered private placement of 7,518,750 units at $2.00 per unit, raising gross proceeds of $15,037,500. Each unit includes one share and one-half warrant, with warrants exercisable at $3.00 until April 29, 2024. Funds will support the TLC lithium project in Nevada and possibly the Falchani and Macusani projects in Peru. The company also appointed Simon Clarke as CEO, bringing over 25 years of industry experience. He aims to guide the company through its next growth phase.
American Lithium Corp. (LIACF) reported successful independent laboratory tests from its Tonopah Lithium Claims (TLC) project, achieving a 49% mass reduction and increasing lithium grade to 2200 PPM. Subsequent leaching extracted 96% of lithium from upgraded samples. The company is focused on improving economic outcomes by reducing energy and chemical use. A new service agreement with Promethean Marketing aims to enhance market awareness in the U.S. while ensuring a strong profile among stakeholders.
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