Waiting for the Train to take off
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IENG Acquired 3 companies? Lets hope this turns around and we recover some money just in time for the holidays!
NEVADA SELECTED AS OFFICIAL SITE FOR TESLA BATTERY GIGAFACTORY
THURSDAY, SEPTEMBER 4, 2014
CARSON CITY, NV – Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, announced today that Nevada has been selected as the official site for the Tesla Gigafactory.
“This is great news for Nevada. Tesla will build the world’s largest and most advanced battery factory in Nevada which means nearly one hundred billion dollars in economic impact to the Silver State over the next twenty years. I am grateful that Elon Musk and Tesla saw the promise in Nevada. These 21st century pioneers, fueled with innovation and desire, are emboldened by the promise of Nevada to change the world. Nevada is ready to lead,” stated Governor Brian Sandoval.
“I would like to recognize the leadership of Governor Sandoval and the Nevada Legislature for partnering with Tesla to bring the Gigafactory to the state. The Gigafactory is an important step in advancing the cause of sustainable transportation and will enable the mass production of compelling electric vehicles for decades to come. Together with Panasonic and other partners, we look forward to realizing the full potential of this project,” said Elon Musk, Chairman and CEO of Tesla Motors.
“On behalf of the State of Nevada, I would like to acknowledge this monumental day and provide my initial support. This is a significant opportunity to make a major stride to improve our statewide economy. I look forward to receiving the necessary information so the Legislature can meet and take necessary action to support this major industry coming to Nevada,“ stated Speaker Marilyn Kirkpatrick.
http://www.teslamotors.com/about/press/releases/nevada-selected-official-site-tesla-battery-gigafactory
It was live streamed on Nevada's website, amel still holds lithium rich land in Nevada so this is great news for us!
Nevada officially wins as Tesla Giga factory location!!!! Tomorrow should be a great day for us!!
Im staying optimistic for a decent run off tomorrows Nevada Announcement. I would love to see this hit .007+ again off this news and any further Patten Acquisition announcement. We deserve this run! Good luck to us all!
I imagine the new ticker symbol will be INES, as IES is already taken. Best of luck to us all.
AMEL Name Change and Authorized share increase
PRE 14C - Other preliminary information statements
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
Check the appropriate box:
[X] Preliminary Information Statement
[ ] Confidential, for use of the Commission only (as permitted by Rule 14c-5(d)(2))
[ ] Definitive Information Statement
AMERILITHIUM CORP.
(Name of Registrant As Specified In Charter)
Payment of Filing Fee (Check the appropriate box):
[X]
No fee required.
[ ]
Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1)
Title of each class of securities to which transaction applies:
2)
Aggregate number of securities to which transaction applies:
3)
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
4)
Proposed maximum aggregate value of transaction:
5)
Total fee paid:
[ ]
Fee paid previously with preliminary materials.
[ ]
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
1)
Amount Previously Paid:
2)
Form, Schedule or Registration Statement No:
3)
Filing Party:
4)
Date Filed:
THIS INFORMATION STATEMENT IS BEING PROVIDED TO
YOU BY THE BOARD OF DIRECTORS OF FRESH PROMISE FOODS, INC.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE
REQUESTED NOT TO SEND US A PROXY
Amerilithium Corp.
480 Forest Avenue Suite 1
Locust Valley, New York
(702) 583-7790
INFORMATION STATEMENT
(Preliminary)
August 1, 2014
NOTICE OF STOCKHOLDER ACTION BY WRITTEN CONSENT
GENERAL INFORMATION
To the Holders of Common Stock of Amerilithium Corp.:
This Information Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of common stock, $0.001 par value per share (the “Common Stock”), of Amerilithium Corp., a Nevada corporation (the “Company”), to notify the Stockholders that on July 21, 2014, the Company received a unanimous written consent in lieu of a meeting of the holder of all 51 shares of Series A Preferred Stock, $0.001 par value per share (the “Series A Preferred”), created by unanimous written consent of the Board of Directors of the Company (the “Board”), as permitted by the Company’s Certificate of Incorporation, as may be amended (“Amended Certificate”). Each share of Series A Preferred has voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding shares of Common Stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator. As there are currently 550,871,030 shares of Common Stock issued and outstanding, the 51 shares of Series A Preferred Stock have the voting equivalent of 573,330,907 shares of Common Stock. The Series A Stockholder authorized the following:
·
To change the name of the Company to Integrated Energy Solutions, Inc. (the “Name Change”); and
·
The increase in the number of authorized shares of Common Stock from one billion (1,000,000,000) shares of Common Stock to two billion (2,000,000,000) shares of Common Stock (the “Authorized Share Increase”).
On July 21, 2014, the Board of Directors of the Company (“Board”) approved the Name Change and Authorized Share Increase and recommended to the Majority Stockholders that they approve the Name Change and Authorized Share Increase. On July 21, 2014, the Majority Stockholders approved the Name Change and Authorized Share Increase by written consent in lieu of a meeting in accordance with the Nevada Revised Statutes. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Name Change and Authorized Share Increase.
We will mail the Notice of Stockholder Action by Written Consent to the Stockholders on or about August 11, 2014.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND A PROXY.
The Board believes the Name Change is necessary and advisable to better reflect the business of the Company as the Company begin explore opportunities in certain additional related business sectors. The Board believes the Name Change and Authorized Share Increase is necessary and advisable in order to maintain the Company’s financing and capital raising ability and to generally maintain our flexibility in today’s competitive and rapidly changing environment.
Accordingly, it is the Board’s opinion that the Name Change and Authorized Share Increase would better position the Company to attract potential business candidates and provide the stockholders a greater potential return.
INTRODUCTION
The Nevada Revised Statutes provide that the written consent of the holders of outstanding shares of voting capital stock having not less than the minimum number of votes which would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted can approve an action in lieu of conducting a special stockholders' meeting convened for the specific purpose of such action. The Nevada Revised Statutes, however, require that in the event an action is approved by written consent, a company must provide prompt notice of the taking of any corporate action without a meeting to the stockholders of record who have not consented in writing to such action and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting if the record date for such meeting had been the date that written consents signed by a sufficient number of holders to take the action were delivered to a company.
In accordance with the foregoing, we will mail this Information Statement on or about August 11, 2014.
This Information Statement contains a brief summary of the material aspects of the Name Change and Authorized Share Increase approved by the Board of Amerilithium Corp. (the “Company,” “we,” “our,” or “us”) and the holders of Series A Preferred Stock (the “Series A Preferred”), which constitutes a majority of the voting capital stock of the Company.
Series A Preferred
By unanimous written consent of the Board (as permitted under Nevada law), the number, designation, rights, preferences and privileges of the Series A Preferred were established by the Board (as is permitted under Nevada law and by the Amended Certificate of Incorporation of the Company). The designation, rights, preferences and privileges that the Board established for the Series A Preferred is set forth in a Certificate of Designation that was filed with the Secretary of State of the State of Nevada on June 24, 2013. Among other things, the Certificate of Designation provides that each one share of Series A Preferred has voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding Common Stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator.
By unanimous written consent of the Board, the Board issued an aggregate of fifty one (51) shares of Series A Preferred to one individual (the “Series A Stockholder”). As a result of the voting rights granted to the Series A Preferred, the Series A Stockholder holds, in the aggregate, approximately 51.0% of the total voting power of all issued and outstanding voting capital of the Company.
As of July 21, 2014, there were issued and outstanding (i) 550,871,030 shares of Common Stock, and (ii) 51 shares of Series A Preferred Stock. Pursuant to the Nevada Revised Statutes, at least a majority of the voting equity of the Company, or at least 212,410,524 votes, are required to approve the Name Change and Authorized Share Increase by written consent. The Majority Stockholder, who holds in the aggregate the equivalent of 573,330,907 votes or approximately 51.0% of the voting equity of the Company, has voted in favor of the Name Change and Authorized Share Increase thereby satisfying the requirement under the Nevada Revised Statutes that at least a majority of the voting equity vote in favor of a corporate action by written consent.
The following table sets forth the name of the Series A Stockholder, the number of shares of Series A Preferred held by the Series A Stockholder, the total number of votes that the Series A Stockholder voted in favor of the Name Change and Authorized Share Increase and the percentage of the issued and outstanding voting equity of the Company that voted in favor thereof.
Name of Series A Stockholder
Number of Shares of Series A Preferred held
Equivalent Number of Votes of Common Stock held by such Series A Stockholder
Equivalent Number of Votes of Common Stock that Voted in favor of the Actions
Percentage of the Voting Equity that Voted in favor of the Actions
James Zimbler
51
573,330,907
573,330,907
51.0%
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ACTIONS TO BE TAKEN
The Name Change and Authorized Share Increase will become effective on the date that we file the Certificate of Amendment to the Certificate of Incorporation of the Company (the “Amendment”) with the Secretary of State of the State of Nevada. We intend to file the Amendment with the Secretary of State of the State of Nevada promptly after the twentieth (20th) day following the date on which this Information Statement is mailed to the Stockholders.
We currently expect to file the Amendment on or about September 3, 2014.
NAME CHANGE
REASONS
We believe that changing the name of the Company to Integrated Energy Solutions, Inc. will more accurately reflect and represent to the public the business of the Company. In connection with the name change, we intend to file with FINRA a request to obtain a new ticker symbol. Our request for a new ticker symbol, however, will not be processed until sixty (60) days after FINRA has announced our Name Change to the market.
WHEN THE NAME WILL GO INTO EFFECT
Prior to filing the amendment to the Articles of Incorporation reflecting the Name Change, we must first notify FINRA by filing the Issuer Company Related Action Notification Form no later than ten (10) days prior to the anticipated record date of the Name Change. Our failure to provide such notice may constitute fraud under Section 10 of the Exchange Act.
INCREASE IN THE NUMBER OF AUTHORIZED SHARES
OF COMMON STOCK
GENERAL
The number of authorized shares of our Common Stock will be increased from one billion (1,000,000,000) shares to two billion (2,000,000,000) shares.
PURPOSE AND EFFECT OF INCREASING THE NUMBER OF AUTHORIZED SHARES
The Board believes the Authorized Share Increase is necessary and advisable in order to maintain our financing and capital raising ability and to generally maintain our flexibility in today’s competitive and rapidly changing environment. The additional one billion (1,000,000,000) shares of Common Stock so authorized will be available for issuance by the Board for stock splits or stock dividends, acquisitions, raising additional capital, stock options or other corporate purposes. The additional shares of Common Stock could be used for potential strategic transactions, including, among other things, acquisitions, strategic partnerships, joint ventures, restructurings, business combinations and investments. Assurances cannot be provided that any such transactions will be consummated on favorable terms or at all, that they will enhance stockholder value or that they will not adversely affect the Company’s business or the trading price of the Common Stock. The immediate purpose for increasing the authorized shares is to provide enough shares required for the conversion of outstanding convertible securities. The additional shares of Common Stock may also be used for future issuances of stock options pursuant to employee benefit plans and to provide for issuances to satisfy conversions of future convertible debt or convertible preferred stock. The Company does not anticipate that it would seek authorization from the stockholders for issuance of such additional shares unless required by applicable law or regulations.
The increase in the authorized number of shares of Common Stock and any subsequent issuance of such shares could have the effect of delaying or preventing a change in control of the Company without further action by the stockholders. Shares of authorized and unissued Common Stock could (within the limits imposed by applicable law and stock exchange regulations) be issued in one or more transactions which would make a change in control of the
2
Company more difficult, and therefore less likely. Any such issuance of the additional shares of Common Stock could have the effect of diluting the earnings per share and book value per share of outstanding shares of Common Stock, and such additional shares could be used to dilute the stock ownership or voting rights of a person seeking to obtain control of the Company. The Board is not aware of any attempt to take control of the Company and has not presented this proposal with the intention that the increase in the number of authorized shares of Common stock be used as a type of antitakeover device. Any additional Common Stock, when issued, would have the same rights and preferences as the shares of Common Stock presently outstanding.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth information regarding the beneficial ownership of our common stock as of July 21, 2014 and as adjusted to reflect the sale of our common stock offered by this prospectus, by (a) each person who is known by us to beneficially own 5% or more of our common stock, (b) each of our directors and executive officers, and (c) all of our directors and executive officers as a group. As of July 21, 2014, there were a total of 550,871,030 shares of Common Stock outstanding. Each share of Common Stock is entitled to one vote on matters on which holders of voting stock of the Company are eligible to vote. The column entitled “Percentage of Outstanding Common Stock” shows the percentage of voting common stock beneficially owned by each listed party.
The number of shares beneficially owned is determined under the rules promulgated by the SEC, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under those rules, beneficial ownership includes any shares as to which a person or entity has sole or shared voting power or investment power plus any shares which such person or entity has the right to acquire within sixty (60) days of July 21, 2014, through the exercise or conversion of any stock option, convertible security, warrant or other right. Unless otherwise indicated, each person or entity named in the table has sole voting power and investment power (or shares such power with that person’s spouse) with respect to all shares of capital stock listed as owned by that person or entity.
Name of Beneficial Owner (1)
Number of Shares of Common Stock
Number of Shares of Series A Preferred Stock
Percent of
Class (2)
James Zimbler
0
51
100
%
Ernest B. Remo, Interim Chief Executive Officer, Director (3)
0
0
0
%
All officers and directors as a group (1 person)
0
0
0
%
Matthew Worrall, Former Chief Executive Officer and Director (3)
18,332,315
0
3.33
%
(1) Beneficial ownership generally includes voting or investment power with respect to securities. Unless otherwise indicated, each of the beneficial owners listed above has direct ownership of and sole voting power and investment power with respect to the securities. Beneficial ownership is determined in accordance with Rule 13d–3(d)(1) under the Exchange Act and includes securities for which the beneficial owner has the right to acquire beneficial ownership within 60 days.
(2) Based on 424,821,047 shares of common stock issued and outstanding as of July 21, 2014.
(3) On January 27, 2014, Mr. Matthew Worrall resigned as Chief Executive Officer, President, director and any and all other positions to which he has been previously or at any time appointed, regardless of whether he served in such capacity of the Company. Mr. Ernest B. Remo assumed the role of the Company’s Interim Chief Executive Officer and Director on January 27, 2014.
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ADDITIONAL INFORMATION
We are subject to the disclosure requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith, file reports, information statements and other information, including annual and quarterly reports on Form 10-K and 10-Q, respectively, with the Securities and Exchange Commission (the “SEC”). Reports and other information filed by the Company can be inspected and copied at the public reference facilities maintained by the SEC at Room 1024, 450 Fifth Street, N.W., Washington, DC 20549. Copies of such material can also be obtained upon written request addressed to the SEC, Public Reference Section, 450 Fifth Street, N.W., Washington, D.C. 20549 at prescribed rates. In addition, the SEC maintains a web site on the Internet (http://www.sec.gov) that contains reports, information statements and other information regarding issuers that file electronically with the SEC through the Electronic Data Gathering, Analysis and Retrieval System.
The following documents, as filed with the SEC by the Company, are incorporated herein by reference:
(1)
Quarterly Report on Form 10-Q for the three months ended June 30, 2013 filed on August 19, 2013;
(2)
Quarterly Report on Form 10-Q for the three months ended September 30, 2013 filed on November 19, 2013;
(3)
Current Reports on Form 8-K filed on September 9, 2013, January 21, 2014, January 28, 2014 and April 10, 2014, respectively;
(4)
Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed on April 25, 2014; and
(5)
Quarterly Report on Form 10-Q for the three months ended March 31, 2014 filed on May 20, 2014.
You may request a copy of these filings, at no cost, by writing Amerilithium Corp. at 480 Forest Avenue Suite 1, Locust Valley, NY 11560 or telephoning the Company at (702) 583-7790. Any statement contained in a document that is incorporated by reference will be modified or superseded for all purposes to the extent that a statement contained in this Information Statement (or in any other document that is subsequently filed with the SEC and incorporated by reference) modifies or is contrary to such previous statement. Any statement so modified or superseded will not be deemed a part of this Information Statement except as so modified or superseded.
DELIVERY OF DOCUMENTS TO SECURITY HOLDERS SHARING AN ADDRESS
If hard copies of the materials are requested, we will send only one Information Statement and other corporate mailings to stockholders who share a single address unless we received contrary instructions from any stockholder at that address. This practice, known as “householding,” is designed to reduce our printing and postage costs. However, the Company will deliver promptly upon written or oral request a separate copy of the Information Statement to a stockholder at a shared address to which a single copy of the Information Statement was delivered. You may make such a written or oral request by (a) sending a written notification stating (i) your name, (ii) your shared address and (iii) the address to which the Company should direct the additional copy of the Information Statement, to the Company at 480 Forest Avenue Suite 1, Locust Valley, NY 11560 or telephoning the Company at (702) 583-7790.
If multiple stockholders sharing an address have received one copy of this Information Statement or any other corporate mailing and would prefer the Company to mail each stockholder a separate copy of future mailings, you may mail notification to, or call the Company at, its principal executive offices. Additionally, if current stockholders with a shared address received multiple copies of this Information Statement or other corporate mailings and would prefer the Company to mail one copy of future mailings to stockholders at the shared address, notification of such request may also be made by mail or telephone to the Company’s principal executive offices.
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This Information Statement is provided to the holders of Common Stock of the Company only for information purposes in connection with the Name Change and Authorized Share Increase, pursuant to and in accordance with Rule 14c-2 of the Exchange Act. Please carefully read this Information Statement.
By Order of the Board of Directors
/s/ Ernest Remo
Name: Ernest Remo
Title: Chief Executive Officer
Dated: August 1, 2014
I hope this news is good for us, i completely agree with you when you say this stock will be less and less reactive to any TESLA news going forward. Best of luck to us all!
This one could soar with NEVADA as first state to break ground. Last run brought AMEL up to .02 with the simple mention of a gigafactory. I would be happy to get back into the .005-.007's and would love anything higher. Even if AMEL decides to move away from lithium and mining and more toward the energy sector, AMEL's potentially Lithium-Rich mining assets are worth Millions. Tomorrow should be interesting! Good luck to us all!
No idea, I'll have to give Ryan a call tomorrow to see if we can get an answer on that one.
That would be amazing, news can not come soon enough. Hopefully they give is something by the 15th of this month, this waiting game can be draining . go Amel!
Agree 100%, may we all profit together. I will remain optimistic because I know lithium is on the brink of blowing up big and if AMEL makes the right moves in the near future, we will all profit together. Fortunately my avg is relatively low at .0077 and I have close to a million shares. Though I am in the negative, I completely understand people's frustration on this board who bought in at a much higher price. I am not oblivious to Amels shortcomings but am still here and prefer to stay optimistic. Good luck to everyone, I appreciate the community we have here and that everyone does their own research, DD, and opinions both positive and negative. Go amel!!!
.20 currently seems like a longshot but totally possible if amel has some direct involvement in the giga factory lithium supply. I think elon should fund & expedite their drilling and exploration in exchange for an exclusivity agreement. I'll have to give Ryan another call tomorrow, idk why people say it's impossible to get ahold of him I've spoken to him twice since I posted his information on this board. Thanks for posting in regards to your conversation with Ryan @Bmoneymaker and clarifying the low overheard and talk of their key executives and archeologist leaving. There is way too much speculation that happens here and it's completely understandable as we have been in the dark for several months now. Good luck to us all. go amel!!!
Look at the way the pps jumped, people know the potential that domestic lithium companies have right now, even those in exploration stages. They will break ground at 3 sites vs 1 or 2, I like our odds here
Big day broke out of the 5's and even scraped the 7's on no official word or pr that I can find. Anyone have any links that explain the movement today? Green day ahead! Go amel!
Strong day!Let's creep back into th .006's! Giga factory news soon. June will be green! Go amel!
Thanks Bud! oh damn, he looks insane! so AMLM is clearly a shell corp, idk how it still manages to trade at 6 cents its beyond me.
GO AMEL
Promising, check out this gigafactory article addressing the shift in the demand for minerals such as Lithium & Graphite. Promising.
http://www.bizjournals.com/sanjose/news/2014/05/27/exclusive-teslas-gigafactory-materials-need-will.html?page=all
And finally there's lithium. The Gigafactory will need about a fifth of the world's supply — 25,000 metric tons per year compared with a worldwide supply of 125,000 metric tons per year. Supplying the Gigafactory is expected to raise demand in the battery industry by about 50 percent, and demand in the overall market by 20 percent.
That's a large number, but it looks all the more daunting when you consider Musk's commitment to source his lithium in North America. Roughly 54 percent of the world's lithium comes from mines in Chile. The U.S., by contrast, currently has only one mine (although it IS close to one of the proposed Gigafactory sites in Nevada).
Bottom line, if the Gigafactory gets built, it will shift the global economy for these minerals by itself — and there might be a materials squeeze if suppliers don't start ramping up to address that soon.
Go AMEL!
lets keep our fingers crossed, I would hope we see some pr in June, if not from Management, at least some love by the investors/traders the giga factory announcement will bring. If we do not hear anything, the spike that may come from the announcement may be an exit point for those of us who are frustrated with managements lack of engagement. Still Massive potential here though. Go AMEL!
Any guesses on when the Giga factory location will be announced? I'm throwing the 17th out there...
Well Said Roe lots of confusion with AMLM andAMEL, whats in the name. apples to apples AMEL is looking like a more likely long term player in the lithium game with over 600k acres vs 16k. Keep an eye out everyone, Lithium will soar!
good article that describes what the brine extract process looks like and mentions AMEL.
http://sf.france-science.org/2011/03/11/the-lithium-in-electric-cars-is-not-a-renewable-resource-part-1-2/
IN WHAT FORM IS LITHIUM AVAILABLE?
Lithium is a relatively abundant element on Earth – more than tin, for example – but some of the reserves are located in oceans where they are very diluted and therefore difficult to exploit. In order of magnitude, its concentration is 0.17 g/m3 compared to 100 kg/m3 for sodium.
The element is usually sold as a compound or mineral: the proportions were 76% and 24% in 2008. Lithium carbonate (Li2CO3) accounts for three-quarters of lithium compounds on the market and it is from this compound that batteries are produced . This is why reserves are sometimes expressed in tons of lithium carbonate and sometimes in tons of lithium metal, the ratio between the two amounts being about 5.3.
Lithium carbonate that is available on the market was either extracted as is in places where it occurs naturally or converted from the harvesting of minerals containing lithium. The most common of these minerals is spodumene LiAl (SiO 3) 2 and the cost of its transformation into lithium carbonate is estimated between $ 2,500 and $ 3,000 per ton of lithium carbonate produced. This is added to the price of the raw mineral, about $ 1000 – $ 1200 for one ton of lithium carbonate produced.
WHERE DOES ONE FIND LITHIUM?
Lithium carbonate is extracted mainly from two sources: from brine available in major salt deserts around the world and from rock extracted in mines. Using brine is almost twice as profitable as they are more accessible and because the necessary transformations needed to obtain lithium carbonate are less expensive. According to the CEO of Lithium Americas that has “salars” (the name given to salt deserts in certain parts of the world), the costs are about $ 2000 – $ 3000 per ton of lithium carbonate compared to $4000 / t for mining expolitation. Nevertheless, the development process is long, it takes a year of operations to extract (by evaporation) the lithium present as an impurity in the brine’s hypersaline fluid. The diagram below illustrates an example of the process used to obtain lithium in a “salar”, which is often extracted together with potash.
If the proportions of deposits in different countries vary according to the sources of information, the locations where lithium is present have been identified. South America comprises almost 70% of reserves in the form of major salt deserts, mainly in the “ABC” zone (Argentina, Bolivia, Chile) but also in Brazil. We also find a little over 15% of the world reserves in China and just under 15% in North America. Finally the Congo, Serbia and Australia have lower amounts but not negligible.
Who extracts the lithium?
The lithium market is oligopolistic: four big companies share most of the production. They are SQM (Chile), Chemetall (Germany), FMC (USA) and Talison (Australia). While the first three directly produce lithium carbonate, Talison produces in Australia mainly spodumene, two-thirds of which then go to China to be transformed into lithium carbonate. However, the recent merger with the Canadian Salares Lithium has brought Talison new operating sites with “salars” located in Chile. There is no open market for lithium or for lithium derivatives, and the price is fixed for a period of three to five years after negotiations by agreement between the producers and manufacturers who use it as a raw material.
However, as pointed out by the analyst Daniela Desorneaux interviewed in January during an international conference on the supply and marketing of lithium, the industrial landscape of lithium could change in coming years. More than eighty projects are currently announced by newcomers, reflecting the demand for additional market counterparts. Among these projects, 5 to 10 seem to be very good ones.
Examples of new projects in North America
Canada Lithium Corp. will begin in the middle of the year to build a manufacturing plant in Quebec, on an old site closed in 1965 when the United States ceased to consider lithium as a strategic resource. Production will begin late 2012 and is expected to be 20,000 tons of lithium carbonate per year (as much as 12% of the expected market share), which could eventually become the largest in North America. According to the general manager Peter Secker, 14 hours by land from the city of Detroit (the bastion of the American automotive industry) and near the port of Montreal, the mine in Val d’Or is ideally located to serve Quebec and the Asian and European markets, and then later the U.S. market.
Once the lithium carbonate extracted from almost pure rock, it is sent to a processing plant to achieve a purity of 99.5% which is required by the battery manufacturers in Asia. The process takes only 5 days and processing costs are expected to be $2,800 / t, which is generally below the price announced for mining. Also according to Mr. Secker, the price of lithium carbonate was approximately $2,000 / t in 2004 and rose to $8,000 / t in 2008 to settle at $6000-6500 / t in 2010.
In the USA projects are also under consideration, such as those of Western Lithium in Kings Valley and American Lithium in Borate Hills both located in Nevada and in the early development stage:
- After having announced last December the production of high quality lithium carbonate by a pilot line, Canadian Western Lithium has undertaken, since January, pre-feasibility studies which should be completed by mid-2011.
- American Lithium has also initiated pre-feasibility studies. Borate Hill is the second largest deposit of boron in the country and is located within 40 km of the only lithium mine currently operating in the U.S.
Thus, the expolitation of lithium starts or resumes in some cases very rapidly, driven by the uneven geographical distribution of the resource and its mining infrastructure. The article next week (part 2) will address the amount of lithium that will be needed to develop individual electric transportation, the proportion of lithium resources that will be mobilized and the recycling of lithium batteries.
Relax Xander. we have to be patient, Ive gotten in touch with Ryan every time i have reached out and i know a couple others have as well. i'm pretty confident we are in for a nice rise in PPS once the giga factory location gets announced. Like others have said, lets not stir the pot and make things worse. The last thing we need is negative publicity driving down PPS lower than it already is. Our patience will pay off soon. GO AMEL
STRONG CLOSE, Green days ahead $ Glad i got my order in at .0046. GO AMEL!
lots of movement going on. Loading up on 400k at 46 while i can. GO AMEL!! June is fast approaching.
The Companies debt appears to have been reduced by 200k, id say demo is doing pretty well considering he's only been there 5 months or so. GO AMEL
Awesome thank you so much! The masses are getting restless but I'm glad they intend to shed some light now that Remo has cleaned up their balance sheet. Can't wait for some green days to come . Go amel!!
Hang in there, I'm thinking of picking up more shares to bring down my avg. something's coming soon. Go Amel!
ryan@circadian-group.com Refrence amel in any emails to him
I left them a vm yesterday with my contact information and Ryan called me back today. I encourage you guys to call directly and get some more answers. I emailed him about the share increase status and he said he would look into it and get back to me
This is the pr he forwarded me regarding their lithium findings.
Their ir is managed be circadian group. I spoke with Ryan troup who Is the president. Best way to contact is ir@amerilithium.com or calling 519-800-0927.
http://www.prnewswire.com/news-releases/amerilithium-announces-promising-results-from-drilling-program-sampling-on-nevada-based-lithium-project-123991534.html
Got in touch with IR.
He was unable to share too much. Informed me they are currently in the process of raising funding and cleaning up some debt. He reassured me that that is why they brought in mr Ernest Remo. Validated that they do have confirmed lithium in nv but needed to drill deeper. He said things went south with one of their funding groups a little while back and that's where they are know. We should see more 8k filings soon and a pr shortly after. Could not comment when I asked if he knew if there were any plans of an acquisition or another company building on their land. A shareholder meeting has been discussed apparently and they are very close on having things cleaned up financially.
That's about about all I could find out I was working when he called me back so I only talked to him for about 10 mins. I'll add contact information in another post. Sorry for not having more. Typing this on my iPhone
. Go amel!
no luck here either, i have sent 2 emails and just left them a Voicemail referencing the emails i have sent. Lets see if i get a response back this week. AMEL!
Hoping for a big day tomorrow ! And by big I mean I hope it makes it and stays in the low 7's
Great Job guys, Just sent my email. KEEP THEM COMING!! Hopefully they listen to us and start pumping out some PR to increase PPS. GO AMEL!
IMO They know exactly where the locations are, they are just playing games with AZ & TX to put pressure on lifting the direct-sale bans they have in those states. As @BMONEYMAKER pointed out, they have posted listings for CIVIL ENGINEERS On Teslas Career Site. This is happening. AMEL is in works to double up their shares & the timing makes perfect sense. Very excited to hear they are looking at mines in Canada as AMEL has big projects in Alberta Canada. There is a VERY solid chance that Amel will be utilized & the Gigafactory alone will cause a race for lithium which will keep the PPS increasing. I think we will see a PPS Rise tomorrow with todays mention of lithium, Canada, & reaching out to mining companies directly. GO AMEL!!
Tesla will only use North American lithium. Chile is irrelevant
Even if they don't go with Nevada (even though all signs point to Nevada) AMEL will rise. Lithium (especially Domestic lithium) is the new oil. Good luck all, go AMEL!