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American Lithium Shareholder Webinar | February 23, 2023
Simple truck and shovel open pit mining of the shallow resource underpins the scalable, long-life, lithium project producing approximately 24,000 tpa LCE over Years 1-6 expanding to 48,000 tpa LCE production for Years 7-19 years when mining ceases. Rehandling of the >1,000 parts per million (“ppm”) stockpile allows production to continue for Years 20-40.
Average LOM Production of approximately 38,000 tpa LCE for 40 years.
Targeted 1,400 ppm Li average feed grade pit-constrained resource supports mining for 19 years and processing >1,000 ppm Li stockpile for an additional 21 years.
1,400 ppm feed material beneficiation increases the head grade to leaching to 2,000 ppm Li.
LOM Strip Ratio (Waste:Ore) of 0.93:1 with a maximum final pit depth of ~325-350’, well above the water table depth.
Where possible progressive reclamation of mining areas is planned along with in-pit back-filling of waste rock and filtered tailings.
Sulfuric acid leaching using industry standard techniques and flowsheet produces high purity lithium carbonate to enable the production of battery grade LCE or LiOH.
PEA study estimates that for an additional $100M (Installed) Capex, and $406/t LCE Opex, a final conversion and refining processing step will enable the production of battery grade LiOH; or
End users have the flexibility of acquiring high purity LCE from TLC and converting it themselves to whichever product is required.
Magnesium sulphate (monohydrate) is an increasingly important fertilizer add-on product with a large and growing global market. High-purity hydrated products (heptahydrate & epsom salts) are used in the food, personal care and water quality industries.
New Video out ~American Lithium (LI) - Uranium Spin Out & PEA Explained~
AMLI
American Lithium Corporation
3.47
-0.08 (-2.25%)
Volume: 476,679
Day Range: 3.40 - 3.59
Last Trade Time: 7:33:42 PM EST
American Lithium Announces Financial and Operating Highlights for the Third Quarter Ended November 30, 2022
https://www.globenewswire.com/en/news-release/2023/02/02/2600326/0/en/American-Lithium-Announces-Financial-and-Operating-Highlights-for-the-Third-Quarter-Ended-November-30-2022.html
American Lithium’s Tonopah may operate at globally low cost
https://www.northernminer.com/news/american-lithium-estimates-almost-us600m-in-annual-cash-flow-for-tonopah/1003851529/
Analysts say American Lithium‘s (TSXV: LI; NASDAQ: AMLI) Tonopah project in Nevada could run at world-beating costs based on a new study including the sale of by-product magnesium.
The operating cost of the Tonopah Lithium Claims (TLC) project, about 340 km northwest of Las Vegas, is estimated at US$817 per tonne of lithium carbonate equivalent (LCE) including selling 1.7 million tonnes a year of magnesium sulphate, and at US$7,443 per tonne of LCE without, according to a preliminary economic assessment (PEA) released on Wednesday.
Toronto-based Echelon Capital Markets called the magnesium “an unexpected benefit” that makes the project one of the lowest cost operations its analysts have researched globally. Tonopah also gains from very low strip ratios compared with other projects, Echelon said.
“This PEA puts American Lithium’s TLC project firmly among the leading North American-based potential producers of lithium for what is expected to be a regional supply deficit,” Echelon wrote in a note on Wednesday. “This project (is) one of the lowest operating cost projects on the global cost curve shown in our sector report.”
American Lithium’s PEA forecasts an after-tax net present value of US$3.3 billion at a discount rate of 8% for an after-tax internal rate of return of 28%. The project would generate US$591 million a year in after-tax cash flow and pay back investors in 3.7 years, the Vancouver-based company said.
Simon Clarke, chief executive officer of American Lithium, noted the impact of the magnesium and said the site’s 99.4% LCE purity offers the opportunity to produce battery-grade lithium carbonate or hydroxide.
“Not only are the economics very strong for high purity lithium production, but TLC also has the potential to produce high purity magnesium sulphates as by-products for agriculture and other end uses,” Clarke said in a news release. “Even assuming conservative pricing, these by-products can add significant economic value.”
Truck and shovel
The study envisions producing 24,000 tonnes a year of LCE from truck and shovel open-pit mining before doubling to 48,000 tonnes in year seven. After 20 years the mine would process a stockpile of ore with more than 1,000 parts per million (ppm) lithium for another two decades.
The initial capital cost is pegged at US$819 million (construction time of 1.2 years), total capital costs at US$1.4 billion and sustaining capital at US$792 million.
Analysts expect lithium to remain in high demand for years as automakers switch production lines over to electric vehicles where the light metal is used in batteries. American Lithium’s study arrives a day after GM announced plans to invest US$650 million in Lithium Americas’ (TSX: LAC; NYSE: LAC) Thacker Pass project, the largest amount by a car builder in a battery metals development.
The American Lithium study uses an LCE price of US$20,000 a tonne, while the spot price on Wednesday was about US$72,000 per tonne. Echelon said the developer should use a higher base price because spot prices could persist above at least US$40,000.
The Tonopah project could add US$100 million in construction costs and US$406 per tonne of LCE in operating expenses to refine LCE into battery grade lithium hydroxide, according to the study. Lithium hydroxide was selling for US$73,500 a tonne on Wednesday.
The TLC claystone project in the state’s Esmeralda lithium district has a measured resource of 860 million tonnes grading at 924 ppm lithium for contained metal of 4.2 million tonnes LCE, according to an updated resource estimate issued in December. The indicated resource is 1.2 billion tonnes lithium grading 727 ppm for 4.6 million tonnes LCE.
Shares in American Lithium fell 7¢ to $4.71 on Wednesday afternoon in Toronto, within a 52-week range of $1.56 to $4.90, valuing the company at $987 million.
The company, which started trading this month on Nasdaq, gained the most by value on the TSXV last week after it said on Jan. 24 it was buying back a 1% gross overriding royalty on TLC.
impressive!
American Lithium Announces Positive Preliminary Economic Assessment for TLC, Base Case – After-tax NPV8% US$3.26 Billion & After-tax IRR of 27.5%
https://www.globenewswire.com/news-release/2023/02/01/2599288/0/en/American-Lithium-Announces-Positive-Preliminary-Economic-Assessment-for-TLC-Base-Case-After-tax-NPV8-US-3-26-Billion-After-tax-IRR-of-27-5.html
VANCOUVER, British Columbia, Feb. 01, 2023 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) is pleased to announce the results of its maiden Preliminary Economic Assessment (“PEA”) for the Tonopah Lithium Claims (“TLC”) project located in the Esmerelda lithium district northwest of Tonopah, Nevada. This independent PEA was completed jointly by DRA Global and Stantec Consulting Ltd. (“Stantec”) and demonstrates that the TLC project has the potential to become a substantial, long-life producer of low-cost lithium carbonate (“LCE” or “Li2CO3”) with the potential to produce either battery grade LCE or lithium hydroxide (“LiOH”). The PEA base case envisions an initial 4.4 Million tonnes per annum (“Mtpa”) processing throughput expanding to 8.8Mtpa. The PEA alternative case is identical, but with added production of high purity magnesium sulfate as a by-product over life of operations. Unless otherwise stated, all dollar figures are in US currency.
TLC PEA Highlights (Base Case – Ramp-up Production Li only production):
Pre-tax Net Present Value (“NPV”)8% $3.64 billion at $20,000/tonne (“t”) LCE
After-tax NPV8% $3.26 billion at $20,000/t LCE
Pre-tax Internal Rate of Return (“IRR”) of 28.8%
After-tax IRR of 27.5%
PEA mine and processing plan produces 1.46 Mt LCE LOM over 40 years
Pre-tax initial capital payback period 3.6 years; after-tax payback 3.8 years
Average LOM annual pre-tax cash flow: $435 million; annual after tax cash flow: $396 million
Initial Capital Costs (“Capex”) estimated at $819 million
Total Capex estimated at $1,431 million; Sustaining Capital estimated at $792 million
Operating cost (“Opex”) estimated at $7443/t LCE inclusive of power credits
Simon Clarke, CEO of American Lithium, states, “We are extremely pleased to announce a very robust maiden PEA for TLC. Our team has worked hard and spent considerable time getting an in-depth understanding of TLC mineralization and the best way to recover high purity lithium utilizing conventional processing methods with the latest techniques and best in class plant and equipment. A significant portion of the processing work has been done to pre-feasibility levels as we believe this will help us move quickly through the next phases of development. At 99.4% LCE purity, TLC offers the capability to produce either battery grade lithium carbonate or hydroxide with minimal additional refining.
In this PEA, we showcase a long mine-life utilizing only the highest-grade sections of the deposit, with the potential for additional production ramp-up and mine life utilizing our mid-grade and lower grade sections. Not only are the economics very strong for high purity lithium production, but TLC also has the potential to produce high purity magnesium sulfates as by-products for agriculture and other end uses. As shown in the PEA, even assuming conservative pricing, these by-products can add significant economic value. At the same time, we have focused our work on ensuring we continue to minimize environmental impacts and water usage in the mining, processing and production of lithium from TLC.”
TLC PEA Highlights (Alternate Case – Ramp-Up Production Li + Magnesium Sulfate production):
Identical LCE production scenario, but with added LOM average production of 1,681,856 tpa of magnesium sulfate (“MgSO4” - monohydrate and heptahydrate) by-products;
Pre-tax Net Present Value (“NPV”)8% $6.06 billion at $20,000/t LCE & $150/t MgSO4;
After-tax NPV8% $5.16 billion at $20,000/t LCE & $150/t MgSO4;
Pre-tax Internal Rate of Return (“IRR”) of 38.6%
After-tax IRR of 36.0%
Pre-tax initial capital payback period 3.5 years; after-tax payback 3.7 years
Average LOM pre-tax annual cash flow: $684 million; annual after tax cash flow: $591 million
Initial Capital Costs (“Capex”) estimated at $827 million
Total Capex estimated at $1439 million; Sustaining Capital estimated at $763 million
Operating cost (“Opex”) estimated at $7443/t LCE inclusive of power credits
Operating cost (“Opex”) estimated at $817/t LCE, inclusive of power & MgSO4 credits
PEA mine plan produces 1.46 Mt LCE and 64.9 Mt MgSO4 LOM over 40 years
Mine Life & Production
Simple truck and shovel open pit mining of the shallow resource underpins the scalable, long-life, lithium project producing approximately 24,000 tpa LCE over Years 1-6 expanding to 48,000 tpa LCE production for Years 7-19 years when mining ceases. Rehandling of the >1,000 parts per million (“ppm”) stockpile allows production to continue for Years 20-40.
Average LOM Production of approximately 38,000 tpa LCE for 40 years.
Targeted 1,400 ppm Li average feed grade pit-constrained resource supports mining for 19 years and processing >1,000 ppm Li stockpile for an additional 21 years.
1,400 ppm feed material beneficiation increases the head grade to leaching to 2,000 ppm Li.
LOM Strip Ratio (Waste:Ore) of 0.93:1 with a maximum final pit depth of ~325-350’, well above the water table depth.
Where possible progressive reclamation of mining areas is planned along with in-pit back-filling of waste rock and filtered tailings.
Sulfuric acid leaching using industry standard techniques and flowsheet produces high purity lithium carbonate to enable the production of battery grade LCE or LiOH.
PEA study estimates that for an additional $100M (Installed) Capex, and $406/t LCE Opex, a final conversion and refining processing step will enable the production of battery grade LiOH; or
End users have the flexibility of acquiring high purity LCE from TLC and converting it themselves to whichever product is required.
Magnesium sulphate (monohydrate) is an increasingly important fertilizer add-on product with a large and growing global market. High-purity hydrated products (heptahydrate & epsom salts) are used in the food, personal care and water quality industries.
Form your own opinions & conclusions above!
HUGE NEWS AS TLC PROJECT ALONE NETS A PEA OVER $3BILLION AFTER TAX! Just need to prove out "SEPARATION!" (We have the Management & Scientific Teams to get this done! IMHO... & FALCHANI & MANCUSANI VALUATIONS ARE YET TO COME! 3 world class projects
Chico
Jan. 26, 2023 BNN Report with Simon Clarke ~We're a double-act with two advanced projects: American Lithium~
https://www.bnnbloomberg.ca/video/we-readouble-actwithtwoadvancedprojectsamericanlithium~2617069.amp.html
Simon Clarke, CEO of American Lithium, joins BNN Bloomberg to talk about their lithium projects. The company is pushing ahead with what it calls two advanced projects, one in Nevada and one in Peru. The stock has surged more than 50% in the past year for a market capitalization of about $1-billion.
American Lithium’s 51% Stock Bounce Has CEO Upbeat on Year
https://finance.yahoo.com/news/american-lithium-51-stock-bounce-143230451.html
(Bloomberg) -- American Lithium Corp.’s stock is experiencing a dramatic revival following its new US listing and a promise to update investors on its much anticipated Nevada project.
Shares have surged 51% since the start of the year, topping peers including Lithium Americas Corp., Ioneer Ltd. and Piedmont Lithium Inc. even as prices for the silvery white metal cool from the steep ascent in 2022.
“It makes me feel good, but I don’t spend every day watching the stock price,” Chief Executive Officer Simon Clarke, 57, said in a Tuesday interview at Bloomberg’s Toronto bureau. “We are trying to move forward and advance two very large development-stage projects.”
Clarke credits the stock bump to landing a Nasdaq listing this month and upbeat investor reaction on company plans to soon release more details of its TLC project in Nevada. The Vancouver-based explorer is developing projects in Peru and Nevada as demand for lithium soars. The CEO said he sees plenty of “positives” for the industry, driven by ongoing demand for battery metals and electric vehicles, that should bode well for American Lithium. “As long as that happens and we continue to advance these projects and hit some milestones, I think we’ll do well,” he said.
***TLC PEA is expected to be released in the next few days!
https://www.globenewswire.com/news-release/2023/01/24/2594043/0/en/American-Lithium-Announces-Royalty-Buyback-at-its-TLC-Lithium-Project-in-Nevada.html
American Lithium Announces Royalty Buyback at its TLC Lithium Project in Nevada
VANCOUVER, BRITISH COLUMBIA, January 24, 2023 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) announces it has entered into an agreement (the “Agreement”) with Nevada Alaska Mining Co. Inc., an arms-length party, to buy back the remaining one percent (1%) gross overriding royalty (the “Royalty”) on the Company’s wholly owned TLC Lithium Project (“TLC”) located in the Esmerelda lithium district northwest of Tonopah, Nevada.
Pursuant to the terms of the Agreement, American Lithium will issue 950,000 common shares in the capital of the Company (“Shares”) to Nevada Alaska Mining Co. Inc. The Shares will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The acquisition of the Royalty, and issuance of the Shares, remains subject to the approval of the TSX Venture Exchange.
Simon Clarke, American Lithium CEO, stated, “we are very pleased to have reached this agreement with the royalty holder to buy back this valuable royalty, which also ensures that the Company will control 100% of all concessions comprising TLC. As TLC moves through development and into production, this transaction should be highly accretive and will maximize Project value. Removing this remaining royalty also enables us to present TLC as wholly unencumbered in our maiden PEA which is expected to be released in the next few days.”
Form your own opinions & conclusions!
IMHO- TLC alone should have a $1Billion Market Cap soon....
Chico
American Lithium Says US Funding Will Shore Up Nascent Industry
CEO expects ‘meaningful’ tax credits from US sometime soon
Canadian company has development projects in Nevada and Peru
American Lithium Corp.’s top executive is seeing promising signs that the US government is ready to ramp up funding for the domestic supply chain of battery metals, just as demand for electric vehicles surges.
“In the last year or so we’ve started to see things really start to move,” Chief Executive Officer Simon Clarke said Tuesday in an interview at Bloomberg’s Toronto bureau. There’s “more and more money available from the government to help kick-start a nascent industry.”
The Vancouver-based firm has development-stage lithium projects in Peru and Nevada when demand for the silvery white metal is soaring. The Biden administration’s Inflation Reduction Act, which earmarked $391 billion for domestic energy and climate initiatives, is designed to help battery-metals projects through loans and tax credits, but the timing of such assistance remains to be seen.
Booming global EV sales have boosted lithium consumption, leaving suppliers unable to keep pace with demand and driving up prices of the battery metal to record highs last year. EV makers are hoping that an imminent wave of lithium supply is on its way to provide relief for their expansion plans.
Clarke, 57, said he soon expects some “very meaningful tax credits” for domestic producers of critical minerals. American Lithium is spending more time in Washington, DC, lobbying for help developing its deposit in Nevada.
“It’s definitely going to be more and more on the agenda for us to head down there,” he said.
Under the advanced manufacturing production credit outlined in the legislation, mining companies that produce any of the critical minerals listed in the bill will qualify for a tax credit equivalent to 10% of the cost of production for that mineral. The minerals produced must meet specific purity levels to qualify for the credit.
Eligible materials include aluminum, lithium and graphite, all of which are important inputs for clean energy technologies such as electric vehicle batteries.
The new credit is aimed at reducing reliance on nations such as China and Russia for critical minerals, which has been a priority for Sen. Joe Manchin, D-W.Va.
Todays PR looks good. Valuation numbers will be coming soon.
American Lithium Looks to “Spin Out” Uranium Assets to Independent Public Company
https://americanlithiumcorp.com/american-lithium-looks-to-spin-out-uranium-assets-to-independent-public-company/
American Lithium Looks to “Spin Out” Uranium Assets to Independent Public
Company
VANCOUVER, BRITISH COLUMBIA, December 7, 2022 – American Lithium Corp. (“American Lithium” or
the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is 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”).
The Company views a spin-out of the Macusani Project into a stand-alone vehicle as the preferred route
to generate value for American Lithium and its shareholders from the continued development of this
large-scale uranium project.
The re-structuring of the Macusani Project’s ownership is well advanced, and the Company anticipates
being in a position to finalize the terms of the Transaction in early 2023.
American Lithium believes that its current share price does not fully recognize the value of the Macusani
Project and that by structuring an appropriate “spin-out” into an independent, uranium focused vehicle,
the Company and its shareholders will benefit from unlocking the value of this project. Additionally, this
will allow American Lithium to concentrate its efforts on advancing its two premier lithium projects, TLC
in Nevada and Falchani in Peru.
Nuclear energy is experiencing a robust renaissance because it clearly stands out as the planet’s cleanest,
most cost-effective and reliable form of 24/7 dispatchable energy. Accordingly, the world’s premier
uranium deposits are attracting more and more global interest.
Highlights of the Macusani Project
• Large NI 43-101 mineral resource
• NI 43-101 preliminary economic assessment in 2016 with the following highlights:
o NPV8: US $603M, IRR 40.6% and 1.8 years payback at US $50/lb U3O8
o Large Scale. Avg. production ~6Mlbs U3O8 / yr over a 10-year mine life
o PEA Mine Plan Resource: ~68.8Mlbs U3O8 at 289ppm (circa 55% of existing resource)
o Low Cost: US$17/lb Life of Mine cash cost and ~US$18/lb AISC
o Low CapEx: ~US $300M initial capital
MACUSANI URANIUM PROJECT, PERU
https://americanlithiumcorp.com/macusani-uranium-project/
Form Your own Opinions & Conclusion's above:
American Lithium management has stated their intentions of Spinning Out the Mancusani Uranium Project into its own entity! While holding onto both Falchani & TLC Lithium projects. Recent NASDAQ listing & upcoming PEA's & F.S. (Undervalued IMHO...)
Chico
American Lithium: An Undervalued Gem In The Lithium Mining Industry
(Nice Read through...)
https://seekingalpha.com/article/4569275-american-lithium-an-undervalued-gem-in-the-lithium-mining-industry
American Lithium Corp. (NASDAQ:AMLI) is an international mining company with lithium and uranium projects in Peru and Nevada. Its Falchani property is the sixth-largest lithium deposit in the world and Peru's largest hardrock deposit. The Tonopah Lithium Claims (TLC) project in Nevada is one of the five largest sedimentary lithium deposits in the world, and total resources have recently increased significantly.
American Lithium announced in December 2022 its intention to spin off its Macusani Uranium project into a separate entity in the first half of 2023. The spinoff will unlock substantial value, allowing the company to concentrate solely on lithium and its two related projects, TLC and Falchani.
In light of this, we are optimistic that American Lithium represents an excellent investment opportunity for investors seeking lithium market exposure. The company's diverse portfolio and solid financials make it an attractive investment.
Company Overview
American Lithium Corp. is a Canadian development company focused on the advancement of two large-scale lithium projects: the Falchani exploration project in Puno, Peru - a unique volcanic-hosted lithium project - and the Tonopah Lithium Claims exploration project in Nye County, Nevada - a clay-hosted lithium deposit. The company's project portfolio also includes the Macusani Uranium project, which it plans to spin out into a separate vehicle in the first half of 2023, while simultaneously advancing the project towards prefeasibility with an infill and step-out drill program.
American Lithium is listed on the TSX Venture Exchange (TSX.V) under the ticker LI, on the Frankfurt Stock Exchange under the symbol 5LA1, on the OTCQX under the ticker LIACF, and on the Nasdaq under the symbol AMLI.
As of August 31, 2022, the company had $6 million in cash on hand, $39 million in working capital, and no long-term debt, pointing to a strong financial backdrop.
American Lithium: An Undervalued Gem In The Lithium Mining Industry
(Nice Read through...)
https://seekingalpha.com/article/4569275-american-lithium-an-undervalued-gem-in-the-lithium-mining-industry
American Lithium Corp. (NASDAQ:AMLI) is an international mining company with lithium and uranium projects in Peru and Nevada. Its Falchani property is the sixth-largest lithium deposit in the world and Peru's largest hardrock deposit. The Tonopah Lithium Claims (TLC) project in Nevada is one of the five largest sedimentary lithium deposits in the world, and total resources have recently increased significantly.
American Lithium announced in December 2022 its intention to spin off its Macusani Uranium project into a separate entity in the first half of 2023. The spinoff will unlock substantial value, allowing the company to concentrate solely on lithium and its two related projects, TLC and Falchani.
In light of this, we are optimistic that American Lithium represents an excellent investment opportunity for investors seeking lithium market exposure. The company's diverse portfolio and solid financials make it an attractive investment.
Company Overview
American Lithium Corp. is a Canadian development company focused on the advancement of two large-scale lithium projects: the Falchani exploration project in Puno, Peru - a unique volcanic-hosted lithium project - and the Tonopah Lithium Claims exploration project in Nye County, Nevada - a clay-hosted lithium deposit. The company's project portfolio also includes the Macusani Uranium project, which it plans to spin out into a separate vehicle in the first half of 2023, while simultaneously advancing the project towards prefeasibility with an infill and step-out drill program.
American Lithium is listed on the TSX Venture Exchange (TSX.V) under the ticker LI, on the Frankfurt Stock Exchange under the symbol 5LA1, on the OTCQX under the ticker LIACF, and on the Nasdaq under the symbol AMLI.
As of August 31, 2022, the company had $6 million in cash on hand, $39 million in working capital, and no long-term debt, pointing to a strong financial backdrop.
I agree! 3 Separate projects for the price of one! Each project potentially could all be built, spun out , or sold… yep long term hold.
Imho this is going higher & nice “Hereford!”
“YES” - under AMLI American Lithium gets a new NASDAQ moniker! I think we may retest highs 3-4$ again?
But who knows…
Form your own opinions & conclusions
Chico
HUGE: American Lithium confirms 99.4% purity lithium carbonate precipitation after 97.7% lithium leach extraction and overall, Li recovery of 88.1% at TLC - Maiden PEA to be announced shortly
https://finance.yahoo.com/news/american-lithium-confirms-99-4-120000208.html
VANCOUVER, British Columbia, Jan. 09, 2023 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce results of confirmatory lithium leaching and lithium carbonate precipitation test work from Tonopah Lithium Claims (“TLC”) mineralization. The test work was completed at McClelland Laboratories in Reno, Nevada with lithium carbonate products analyzed at SGS Lakefield in Lakefield, Ontario. Similar expanded studies also continue at ANSTO in Australia. This test work supports the maiden Preliminary Economic Assessment (“PEA”) for the TLC project, which is in final phase of completion and expected to be released shortly.
Highlights: (see Table 1 – TLC Lithium Carbonate Chemical Analysis and Calculated Purity and Figure 1 – Photograph of TLC Lithium Carbonate product, below)
Sulfuric acid leaching TLC claystone mineralization achieved 97.7% lithium extraction with short 2-hour leach time; HUGE NEWS!!!
Overall lithium recovery of at least 88.1% from leach through primary lithium carbonate precipitation including lithium losses of only 4.7% during leachate neutralization, 4.9% during impurity removal and crystallization/washing steps;
Calculated Lithium Carbonate (“LC”) purity of 99.4% based on ICP-MS/ICP-OES chemical analyses of TLC primary lithium carbonate product at SGS Lakefield analytical laboratories prior to any additional refining steps;
LC product requires an additional process step in the flow-sheet to remove remaining impurities (Potassium – K; Calcium - Ca) and produce battery-grade LC or Lithium Hydroxide;
PEA will reflect work done to date, but process optimization work will continue
Simon Clarke, CEO of American Lithium states, “We are very pleased with the latest TLC lithium carbonate precipitation results and on-going optimization leach test work which has achieved very high lithium extraction, high overall lithium recoveries and extremely good lithium purity. This work forms key inputs into the maiden PEA for the TLC project, scheduled for release this month, and enables the completion of flow sheets to produce battery grade lithium carbonate and / or hydroxide. This marks yet another successful milestone for the project and team and capped off a year that saw significant positive achievements and results.”
STORY CONTINUES PLEASE READ & SEE CHARTS!
Table 1 – TLC Lithium Carbonate Chemical Analysis and Calculated Purity1
Form Your Own Opinions & Conclusions above!
IMHO- TLC CAN PRODUCE LITHIUM CARBONATE USING TRIED & TRUE METHODS "MIKE-DROP!" Going higher IMHO as this is listing on the NASDAC TOMMORROW HUGE!!!!!!!!!!!!!!!!!!!!!!!! NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!! THEY WILL NOT REQUIRE HUGE AMOUNTS OF WATER EITHER LIKE SOME OTHER PROCESSES!!!
(Back to all time highs soon & maybe higher... T..B.D....)
Chico
American Lithium Receives Approval to List on NASDAQ
https://www.miningstockeducation.com/2023/01/american-lithium-receives-approval-to-list-on-nasdaq/
VANCOUVER, BRITISH COLUMBIA, January 5, 2023 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce it has received approval to list its common shares (the “Common Shares”) on the Nasdaq Capital Market (“Nasdaq”). Trading is scheduled to commence on Nasdaq at the open of markets on Tuesday January 10, 2023, under the symbol “AMLI”. Concurrently with the listing, the Common Shares will cease to be quoted on the OTCQB® Venture Market but will continue to trade on the TSX Venture Exchange.
Simon Clarke, CEO of American Lithium stated, “We are very pleased to be joining Nasdaq as this listing marks a major milestone for the Company and is a testament to the dedication and hard work of our team. We are confident this listing will elevate American Lithium’s profile in the United States capital markets by providing greater visibility and exposure to a broader institutional and retail investor base.”
The Nasdaq listing does not include any capital raising, as American Lithium currently has a cash balance of approximately $34 million and is fully financed for its activities and work programs this year.
Existing shareholders will be able to trade the Company’s Common Shares on Nasdaq following completion of the listing.
The Company's listing on Nasdaq remains subject to satisfaction of all applicable listing and regulatory requirements, including, but not limited to, the declaration of effectiveness of the Company's Form 40-F Registration Statement registering the Common Shares with the United States Securities and Exchange Commission (the "SEC").
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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