Facts about AMEL/ Why invest?
- AMEL's goal is to grow into the largest and leading American player in the lithium industry.
- AMEL has already amassed one of the largest North American lithium portfolios of any player in the industry (727,779 acres).
- AMEL has 4 Nevada-based projects surrounding the only lithium producing plant in the US operated by the Chemetall Foote Corporation. (Paymaster Canyon, Clayton Deep, Full Monty and newly acquired Jackson Walsh)
- AMEL also has 43,000+ acres of Western Australia holdings as well as property in Alberta, Canada.
- AMEL has reported rough preliminary volume estimates of up to 26,000 tons of potential Lithium resource underlying the Company's Paymaster Canyon Lithium brine project in Nevada.
- With Lithium carbonate trading in the range of $5,500-$6,000 per metric tonne this could represent a market valuation of $143-$156 million for the Paymaster Canyon property alone.
- With the release of extremely positive exploration results thus far, AMEL is poised and ready to take the next steps towards becoming the next great Lithium producing company.
- Researchers are describing Lithium as "the next oil".
- Lithium uses include batteries, ceramic and glass, pharmaceuticals, lubricating creases, air treatment, casting, and aluminum production along others.
- Major users of lithium include Honda, BMW, Nissan, Sanyo, Apple, Dodge, Mercedes Benz, Nokia, and Toyota.
- The next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives.
-The Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries.
-Demand for Lithium is expected to increase as the number of Lithium battery powered cars roll off the assembly line.
-It's been predicted that in 10 years every other car that rolls off the lot will be an electric one
I enjoy doing DD on many stocks I own and do not own... All my thoughts are my own and you should do your own DD before investing :-)
