American Lithium – TSXV: LI, OTC: LIACF, XFRA: 5LA1

American Lithium (Stock Symbols – TSXV: LI, OTC: LIACF, XFRA: 5LA1) is an exploration stage company, engaging in the identification, acquisition, exploration, and development of resource properties in the United States and Peru. The company primarily explores for lithium, vanadium, and uranium.

It primarily focuses on the Tonopah Claystone Claims Property covering an area of approximately 4,000 acres located in the town of Tonopah, Nevada. The company recently acquired Plateau Energy Metals, and is advancing the large-scale Falchani hard rock lithium deposit, as well as one of Latin America’s most prolific uranium deposits, known as Macusani located in southeastern Peru.

The company wholly owns the TLC claystones lithium deposit in America, which is in very close proximity to the Tesla giga-factory in Nevada.​

With a near-term focus on these mining-friendly jurisdictions, the company has the advantage of both geographic and geological diversity for developing these world-class, scalable projects.

The company’s focus on strategic metals which have been designated as “critical minerals” by the US government and by other “friendly” Latin American nations, such as Peru is of significance.

The company’s Falchani Lithium Project and Macusani Uranium Project are located in the Puno province of southeastern Peru.

The company has a 100% interest and also holds a total of 151 mining concessions covering approximately 930 square kilometers on the Macusani Plateau in Peru.

Notably, the company controls all defined uranium resources in the country.

The company’s Macusani Uranium Project notes a net present value of $603 million with an internal rate of return (IRR) of 40.6% and 1.8 year payback.

The company notes in their Preliminary Economic Assessment (PEA) a resource of 70 million pounds of uranium with an average life of mine production profile of approximately 6 million pounds per year over the anticipated 10 year mine life.

The study demonstrated a low life of mine cash cost of $17 per pound and an all in sustaining cash cost (AISC) of $18 per pound.

Macusani has a measured and indicated 52.9 million pounds with another 72.1 million pounds in the inferred category.

In addition to the company’s uranium assets, the Falchani Lithium Project has completed a preliminary economic analysis (PEA) which denotes a net present value (NPV) for this project at $1.5 billion USD, and has an 19.7% internal rate of return (IRR).

The payback period for this project is 4.7 years and it has a life of mine after tax cash flow of $8.9 billion USD.

The anticipated mine life for this project is 33 years.

The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016.

American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.

The American Lithium group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!

Discuss the company in more detail and dive deeper into organized conversations in the American Lithium forum.

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The Circular Economy primary economic focus makes it sit well within the corporate governance structures of mainstream companies, linking more directly to the revenue and risk metrics that remain the mainstay of most corporate cultures.

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In one hour, our CEO & Director, Simon Clarke, goes live to discuss the progress we've made as a company here at American Lithium. Learn about what comes next, when you take part.

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The PO enables extension / infill drilling of existing TLC deposit, targeting resource expansion / reclassification to further expand the current large, high-grade measured and indicated resource.

More info at:

#Mining #Lithium #Drilling #Resources #TLC

Tomorrow, take part in the live summit hosted by @6ix, and hear from our CEO & Director, Simon Clarke, about the progress American Lithium has made since our last summit.

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Join our CEO & Director, Simon Clarke, for a live summit hosted by @6ix. Discover American Lithium's unique value proposition when you register and take part.

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