Century Lithium Corp (CYDVF)

[TradingCharts]

American Lithium Corp. (TSXV: LI) (OTCQB:
LIACF), a leading lithium exploration and development
operator, recently announced the signing of a letter of
intent to acquire a 100% interest in certain privately held
lands and the accompanying 1,176 acre-feet of water rights
(the "LOI"). The acquisition of the water rights will allow
American Lithium to continue advancing its flagship TLC
project, near Tonopah, Nevada, by guaranteeing a supply of
water for any planned future development.


The water rights come from a 326-acre farm
whose water rights are part of the same hydrographic basin
as the TLC Project, Basin 137-a, or 'Big Smoky Valley -
Tonopah Flat'. The purchase of the farm is a critical step
in securing the required makeup water for the innovative
patent-pending lithium recovery process for TLC's unique
lithium bearing claystones. Work to date has identified a
pit-constrained resource (at 400 ppm cut-off) of 1.107
billion tonnes measured and indicated ("M+I") plus 362 Mt
inferred containing 5.37 million tonnes lithium carbonate
equivalent ("LCE") M+I and 1.76 million tonnes LCE inferred
(see American Lithium news release dated May 20, 2020)