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The assumption is correct!!
“It is anticipated that the Transaction will include the transfer of a stand-alone Peruvian subsidiary holding the Macusani Project along with its uranium focused concessions, to an existing publicly traded company. The consideration for such transfer is expected to be the common shares in the capital of that public company. American Lithium then intends to distribute all, or the majority, of such common shares to its existing shareholders on a pro rata basis.”
I assume we will receive shares in this new public company?
“pleased to announce that after a review by the Company, along with its advisors, it has made the decision to pursue a “spin-out” of its Macusani Uranium Project (the “Macusani Project”) into an independent public company (the “Transaction”).?
LIACF
American Lithium Corporation (QB)
1.4581
0.00 (0.00%)
American Lithium Announces Financial and Operating Results
for the Period Ended August 31, 2022
VANCOUVER, BRITISH COLUMBIA, November 2, 2022 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to report its operating and financial results for the three month period ending August 31, 2022. Unless otherwise stated, all amounts presented are in Canadian dollars.
“We made good progress across all projects during the quarter,” stated Simon Clarke, CEO of American Lithium. “In Peru we were pleased to be able to commence drilling again at and around our Falchani Deposit for the first time since before COVID 19. We are advancing well with initial assays anticipated shortly. We have also made good progress at Australian Nuclear Science and Technology Organisation (“ANSTO”) Minerals Business Unit laboratories in Sydney, Australia where we continue to refine the Falchani flow sheet to produce both sulfate of potash (“SOP”) and Cesium as economically important and strategic by-products. In addition, we continue to refine the Macusani uranium flow sheet for pre concentration and even higher extraction rates.
“In Nevada, the Company started to receive first assays with positive drill results from its 2022 drill program, including the best intersections and grades recoded to date at TLC and this momentum continued to build post quarter end. Initial drill results from this program have been incorporated into the existing TLC Resource and an updated Mine Plan which are being included in the Company’s maiden PEA for TLC, currently being finalized with leading engineering firm DRA Global.”
Highlights During the Quarter:
Launching of Pre-Feasibility Work at Falchani – commencement of Environmental Impact Assessment (“EIA”) with SRK Peru which will run in parallel with updates to the existing PEA.
EIA Drilling at Falchani – commencement of hydrological and core drilling at Falchani.
Validation of SOP as strategic by-product at Falchani - successful precipitation of high purity, fertilizer-quality SOP, strategically important because of Peru’s large dependence on imported fertilizers.
Appointment of DRA Global and Stantec to update Falchani PEA - to expand / reclassify resource, bring in SOP and cesium by-products and update lithium carbonate pricing.
Acquisition of additional concessions in Peru - acquired additional highly prospective mining concessions covering approximately 14,243 hectares in Southern Peru, in close proximity to its existing projects, further broadening the Company’s existing asset base and operations.
Positive drill results at TLC - initial diamond drill results with best results to date including up to 2900 ppm lithium and averaging 1,550 ppm Li over 50.3 metres in hole TLC-2206C.
Board and Senior Management Appointments – addition of Claudia Tornquist to the Board of Directors as an independent member /chair of audit Committee and Ted O’Connor transitioning from Director to Executive Vice President Exploration and Development.
AGM Results – overwhelming support for the election of board members, adoption of new omnibus incentive plan along with the appointment of Ernst & Young as auditor.
Subsequent Events
Board Appointment – addition of Carsten Korch to the Board of Directors as an independent member based in Peru.
Market Awareness Program
As announced on March 23, 2021, as part of its ongoing strategy to continue to raise its profile in the United States and to generate a greater following among United States investors, the Company entered into an agreement (the “Agreement”) with Promethean Marketing Inc., of Annapolis, Maryland in the United States (“Promethean”) pursuant to which Promethean can provide marketing services including content creation and distribution and market awareness campaigns.
Under the Agreement, the launch of market awareness campaigns is dependent upon market conditions, developments in the Company and available financial resources with timing and budgets to be agreed in advance. The Company has now elected to launch an initial 6-month program with a US$500,000 budget to build awareness in US markets as to the progress and status of its TLC Project as well as the large-scale potential of its Peruvian Projects. This timing also aligns with recent developments in the US to support the near-term advancement of domestic critical minerals production, including lithium, with a focus also being placed on the development of critical minerals production in allied countries. Prior to the commencement of service, Promethean will receive a creation budget of US$50,000 used to develop materials for the campaign, with the balance of US$450,000 directed towards the digital media budget. Initially, the Company will pay Promethean an initial media deposit of US$150,000, with the residual budget being paid in subsequent monthly installments. The Agreement may be terminated at any time upon written notice.
Promethean has advised that it does not have any equity interest in the securities of the Company, or any right to acquire such an interest. Promethean is at arm’s length to the Company. Promethean will provide the Company with an opportunity to review all content describing the Company generated on behalf of Promethean prior to its publication and Promethean will not publish or distribute any content without the prior approval of the Company. All services provided by Promethean will be overseen on Promethean’s behalf by Kailyn White, Vice President.
Plateau Energy Metals Inc.
The Company is also pleased to announce the resolution of regulatory proceedings brought by the Ontario Securities Commission (“OSC”) against its subsidiary Plateau Energy Metals Inc. (“Plateau”), and Alexander Holmes and Philip Gibbs (collectively, the “Executives”), the former Chief Executive Officer and Chief Financial Officer, respectively, of Plateau. The proceedings relate to historical disclosure by Plateau in 2019, prior to the acquisition of Plateau by the Company in May 2021. The proceedings were ongoing at the time Plateau was acquired by the Company.
In the final resolution of the proceedings, Plateau and the Executives have entered into a joint settlement agreement (the “Settlement Agreement”) with the OSC. As part of the settlement terms, Plateau and the Executives agreed to pay administrative penalties totaling $750,000, as well as $300,000 towards the costs of the OSC. Plateau is responsible for the payments in accordance with indemnity obligations owing to former directors and officers.
While Plateau and the Executives had continued to defend the proceedings brought by the OSC, the Company is of the view that this resolution will allow it and the management team to focus all efforts on advancing all three active projects. At the same time, the Settlement Agreement avoids additional ongoing expenses of continuing to defend the proceedings and provides certainty on the financial outcome.
Selected Financial Data
The following selected financial data is summarized from the Company’s consolidated financial statements and related notes thereto (the “Financial Statements”) for the three and six months ended August 31, 2022. A copy of the Financial Statements and MD&A is available at www.americanlithiumcorp.com or on SEDAR at www.sedar.com.
Three months ended August 31, 2022 Three months ended
August 31, 2021
Loss and comprehensive loss $10,709,964 $8,867,509
Loss per share - basic and diluted 0.05 0.05
As at August 31, 2022 Year End
February 28, 2022
Cash $42,311,173 $55,855,718
Total assets $188,910,671 $193,493,125
Total current liabilities $4,153,684 $1,863,445
Total liabilities $4,341,810 $2,691,682
Total shareholders’ equity $184,568,861 $190,801,443
LIACF
American Lithium Corporation (QB)
1.45
0.03 (2.11%)
Volume: 162,719
Day Range: 1.40 - 1.45
Bid: 1.43
Ask: 1.49
Last Trade Time: 3:59:14 PM EDT
Total Trades: 176
LIACF Detailed Quote
I enjoy each drop under 2$ Nelson. American Lithium is undervalued imho given:
a) Mancusani Uranium project : Potentially 2nd lowest cost producer of a large lbs in ground project! “May” be spun off later this year or early 2023 at benefit of shareholders into a separate entity.
b) Falchani - A large hard rock, well advanced lithium deposit moving towards amended F.S. (Proven separation)
c) TLC - Clay lithium deposit in Nevada moving toward PEA
Ample cash in hand with additional cash via warrants in play!
O.k. They missed earlier target of uplisting (market conditions?), but are hovering back at the 2$ target (uplisting) once again? Plenty of time to add, trade or sell as you see fit Chief!
Going higher imho, but form your own opinions, valuations & conclusions.
I’m a happy camper here! As each asset can be advanced to production or sold off in the future…
Chico
This was written on April 12th. To my inquiry. He Obviously missed the mark. You can contact Costa directly for more information
“6. Uplisting is expected within a month.
7. Andrew Bowering, yes, your reference is correct.
As per funds in treasury $53 mil CND = $42mil USD
Best regards,
Costa Liapis
Pacific Prime Capital
costa@pacificprimecapital.com
778-358-6174
Love it bouncing off $1.70 back up for a nice gain at $1.90 oh the decisions!
LOL
Chico
I Add a little every time under $2 …. Trade some & keep a growing base. Long term stock that is undervalued here imho once again! Falchani hard rock lithium , mancusani - uranium potential spin off & TLC clay lithium in Nevada.
Chico
I totally agree this should be a NASDQ or NYSE stock! Please show me where you saw that is the company’s intention!
LIACF
American Lithium Corporation (QB)
1.95
0.01 (0.52%)
Volume: 136,280
Day Range: 1.875 - 1.985
Bid: 1.88
Ask: 2.05
Last Trade Time: 3:58:28 PM EDT
Total Trades: 257
LIACF Detailed Quote
LIACF
American Lithium Corporation (QB)
1.95
0.01 (0.52%)
Volume: 136,280
Day Range: 1.875 - 1.985
Bid: 1.88
Ask: 2.05
Last Trade Time: 3:58:28 PM EDT
Total Trades: 257
LIACF Detailed Quote
How do you know it’s up listing yo NYSE?
UPLISTING TO NYSE soon! Get in under 3$...
3- Reasons why:
1) Falchani Lithium - Hardrock Lithium source (Potentially largest Lithium deposit in South America! ~Value -easily 1B$~)
2) Mancusani URANIUM- (6th Largest World Resource & 2nd cheapest to produce. ~Value - 1B$ ~THIS WILL BE SPUN-OFF for shareholder Value~)
3) TLC Lithium - CLAY Deposit in U.S. (World Class Lithium deposit in the U.S. ~ Value 1B$~
Form your own opinions & conclusions
Risk reward is there given recent U.S. actions for mining Critical minerals! IMHO
Going much higher ....
Chico
Wonderful chart! May retest $2.80 mark once again. I would imagine a NYSE listing would also benefit when announced!
Chico
New US Climate Bill Seeks to Bolster Domestic Critical Minerals Supply Chain
PASSED 8/8/2022
https://www.whitecase.com/insight-alert/new-us-climate-bill-seeks-bolster-domestic-critical-minerals-supply-chain
Bodes well for American Lithium. Higher -highs on building volume..
Chico
Love the move & chart - American Lithium at this level will be moving to the NYSE soon…
Still undervalued under 3$ a share here imho!
Chico
Lithium in the News: IEA estimates needing equivalency of 50 new mines in order to meet 2030 lithium demand projections.
https://www.iea.org/reports/global-supply-chains-of-ev-batteries
https://iea.blob.core.windows.net/assets/4eb8c252-76b1-4710-8f5e-867e751c8dda/GlobalSupplyChainsofEVBatteries.pdf
Anything under 2$ is a GIFT imho...
Chico
Love it! Bring on UP-LISITING IN A WEEK or so team LIACF!
This is 3$ EOY imho & $20 by 2026....
All speculation on my part....
Chico
Climbing back to 2$ for an up listing?! Imho this is undervalued under 2$ for the three assets -TLC, Falchani (lithium resources) & Mancusani (Uranium & future spin-out years end?)
Chico
Battery raw material supply deals take spotlight in US automakers’ earnings
]https://www.fastmarkets.com/insights/battery-raw-material-supply-deals-take-spotlight-in-us-automakers-earnings
Battery raw materials
https://www.fastmarkets.com/metals-and-mining/battery-raw-materials
Automakers/Military & Industry both in the U.S. & Europe will need to secure diverse "stable supplies" of Lithium moving forward into 2030 & beyond.... SEEKING SOURCES THAT USE THE LEAST AMOUNT OF WATER (I would think is paramount. The days of HUGE TOXIC Settling Ponds should be phased out as more efficient ESG principled sources come to market....)
American Lithium's TLC Clay asset & Falchani rock asset are set to rival Thacker Pass in total production, & also include access to the Mancusani "low cost" Uranium project which is intended for shareholder value added-(Spin-out) later this year 2022/23.
American Lithium is cashed up & undervalued under 2$ for access to Three World Class projects imho !!!
Do your own DD & form your own conclusions...
Chico
American Lithium Webinar | Shareholder Update - July 14, 2022
thank you, TESLA founder Elon Musk urged more entrants to the mining sector saying that producing lithium for use in battery electric vehicles was a license to “mint” money.
“I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is much harder,” Musk was quoted by Bloomberg News as saying. “You can’t lose, it’s a license to print money.”
Load up! 46 million in cash with 80 million in warrants with two awesome lithium projects and a world class uranium project ( which might be M/A -Spin-off target?) LIACF is undervalued!
All imho & do your own DD!
Adding to my position here…
Chico
I believe a couple years back Musk made an offer to buy and they flat out rejected
As far as Salton Sea I know of 3 private companies involved. One of which is Berkshire Hathaway. No surprise there eh?
They say enough lithium reserves to supply the world’s needs. But don’t have technology to efficiently separate lithium from brine - yet
GLTA
hi my friend yes it sparkled today American Lithium Corp.
could we find out who has the claim for sulton sea [california]
the lithium is big. i see california , the Sulton Sea has lithium claim too.
yes, dis is ah good one. i think it is ah musk thing too. American Lithium Corp.
yes, dis is ah good one. i think it is ah musk thing too. American Lithium Corp.
Thanks a ton Mick. Have been lost without your posting. Would have had to look up on the upper left hand corner of the page to find it myself
A real investor saver you are!
GLTA
Those $3 warrants were sold from the PLUUF deal
LIACF
American Lithium Corporation (QB)
1.24
0.01 (0.81%)
Volume: 194,457
Day Range: 1.20 - 1.27
Bid: 1.19
Ask: 1.41
Last Trade Time: 4:00:22 PM EDT
Total Trades: 362
LIACF Detailed Quote
See I made that recommendation in January. If you had paid attention you would have sold at $3.40 in April on my recommendation. Obviously you weren't paying attention. So you lost.
See I made that recommendation in January. If you had paid attention you would have sold at $3.40 in April on my recommendation. Obviously you weren't paying attention. So you lost.
thank you, i like /\ American Lithium Corp.
thank you, i like /\ American Lithium Corp.
Hey Mick
Indebted to you for posting that information
Without it I would have had to look up at the upper part of my screen
American Lithium Cor (LIACF)
2.11 ? -0.05224 (-2.42%)
Volume: 147,382 @06/03/22 3:51:14 PM EDT
Bid Ask Day's Range
2.09 2.15 2.09 - 2.2
LIACF Detailed Quote
Hey Mick— curious on your thoughts on this one short and longer term? A friend of mine is in this one and I’m looking to get in too. Coming back to OTC soon. Hope you’re doing well.
Hey Mick totally lost without your update?
Actually might have to look up on the left hand of the screen to get the info myself
LOL
GLTA
1030 W. Georgia St.
Suite 1507
Vancouver, BC V6E 2Y3
Canada
Vancouver, BC, May 7, 2020 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”)
a leading lithium exploration and development operator is pleased to report highly encouraging results from ongoing metallurgical testing regarding
recovery of lithium from composite samples of reverse circulation drill cuttings from the Company’s wholly owned
American Lithium Corp. (TSXv: Li, OTCQB: LIACF, XFRA: 5LA1) is actively engaged in the acquisition, exploration and development of lithium
resources within mining-friendly jurisdictions throughout the Americas. American Lithium currently holds a significant land position
within 3-4 hours drive of the Tesla Gigafactory consisting of over 4,000 acres at our TLC project near Tonopah, NV, one of the most
promising and underdeveloped lithium sedimentary basins in North America today.
Our recent drill program produced core samples up to 2,285 ppm lithium with numerous samples over 1,000 ppm lithium,
and near surface sampling has shown as high as 1,690 ppm of lithium and an average 760 ppm lithium to-date. Initial production tests have
shown the regional mineralization can result in 90% extraction in minutes instead of days or months as compared to traditional lithium extraction techniques.
PER IHUB MGMT |
02-07-2021
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