American Lithium Corp - LIACF stock
Introduction[edit]
American Lithium Corp. (OTC: LIACF, TSXV: LI) is a Lithium exploration and development stage company based in Canada. The company engages in the acquisition, exploration, and development of lithium projects throughout America. Its three significant projects include the Falchani Lithium Project; Macusani Uranium Project, located in the Province of Carabaya, Department of Puno in southeastern Peru; and Tonopah Claystone Claims (TLC), situated near the regional hub and county seat in the town of Tonopah in Nevada.[1] The company’s stock is publicly traded on OTCPK under the ‘AMRLF’ symbol. It was initially known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was founded on February 25, 1974. It has its headquarters in Vancouver, Canada.[2]
Business Operations[edit]
The company actively engages in the development of large-scale lithium production projects and eyes the world’s top-producer position. It is primarily focused on enabling a smooth transition into the new energy paradigm via continued exploration and development of its strategically stationed projects. Its TLC project is a near-surface lithium deposit attributed to sustainable low-cost mining formulas. The project is conveniently positioned near paved roads, power, and water sources aiding in logistics. Research indicated that TLC holds 3.35Mt lithium carbonate equivalent (LCE) measured resources, 2.02Mt LCE indicated resources, and 1.76Mt LCE inferred resources. The company initiated a massive drill exploration exercise with the aim of upgrading and expanding the project and ensuring its feasibility by the end of 2022.[3]
The company is developing one of the world’s largest and lowest-cost uranium deposits at the Macusani Project. Operations in this venue target to positively contribute to the global need for clean and efficient energy. The project has proposed production averaging more than 6 Mlbs U3O8 per year with a 10-year mine life. Its PEA mine plan resources are approximately 70 Mlbs U3O8 at 289 pp. The firm has expansion drill plans aiming to capture 47 plus targets around the Macusani project.[4]
American Lithium’s Filchani Lithium project is rated the 6th largest hard-rock lithium deposit in the world. The project has an estimated 33-year mine life producing battery-grade lithium carbonate (“Li2CO3”). Strong quality tests indicate that the project has the potential of producing a high-purity battery grade (>99.5%) lithium carbonate. The site’s conveniences include easy transport, low cost of power, and water close to two oceans highway.[5]
History[edit]
American Lithium Corp. was incorporated in British Columbia under the Business Corporations Act (British Columbia). The company began to shift and reactivate its attention towards the acquisition, exploration, and development of US-based lithium properties a few years before 2016. The shift resulted in an eventual rebranding and funding that saw the company acquire six Nevada properties: Atlantis, Colorado, Clayton Valley BFF, Fish Lake Valley, Fish South, and San Emidio. The company announced its first assay results from the North Bowl playa six initial auger drill holes in August 2016. The firm’s quality control process discovered d material flaws in laboratory runs containing 54 sample assay results announced Aug. 11, 2016; Oct. 12, 2016; Oct. 21, 2016; and Nov. 3, 2016.[6]
- ↑ cnbc.com/quotes/AMRLF – CNBC News. Accessed on 9/12/2022
- ↑ seekingalpha.com/symbol/LIACF. Company Profile – Seeking Alpha
- ↑ TLC Project Overview – American Lithium Official Website
- ↑ Macusani Uranium Project Highlights – Official Company Website
- ↑ Falchani Lithium Project Overview - American Lithium Official Website
- ↑ Discussion of Operations and Overall Performance - American Lithium Corp. Management’s Discussion and Analysis For the three months ended May 31, 2017, and 2016. Retrieved on 9/12/2022
OTC Symbol: LIACF
