Welcome to our dedicated page for American Lithium news (Ticker: AMLIF), a resource for investors and traders seeking the latest updates and insights on American Lithium stock.
American Lithium Corp (AMLIF) drives innovation in lithium exploration and sustainable mining practices critical for energy storage solutions. This page serves as the definitive source for verified news and official announcements from the company.
Access timely updates including project developments, regulatory milestones, and strategic partnerships. Investors will find earnings reports, resource estimates, and operational progress essential for tracking this key player in the battery materials sector.
All content undergoes rigorous verification to ensure accuracy, with updates spanning:
- Lithium extraction advancements
- Regulatory compliance achievements
- Strategic industry collaborations
- Resource exploration updates
Bookmark this page for direct access to primary-source information about AMLIF's role in powering electric mobility and renewable energy infrastructure.
American Lithium Corp has announced an updated Mineral Resource Estimate (MRE) for its Tonopah Lithium Claims (TLC) project in Nevada. The update shows a significant 47% increase in Measured Resources to 6.17 Mt of Lithium Carbonate Equivalent (LCE), based on 44 additional drill holes since January 2023.
Key resource changes include:
- Measured Resource: 6.17 Mt LCE (1,365 Mt @ 849 ppm Li)
- Indicated Resource: 2.39 Mt LCE (553 Mt @ 808 ppm Li), down 48%
- Measured + Indicated Resource: 8.56 Mt LCE (1,918 Mt @ 839 ppm Li), down 3%
- Inferred Resource: 1.44 Mt LCE (345 Mt @ 780 ppm Li), down 22%
The resource block model has been refined, increasing confidence in the TLC resource, with the majority of resources used in the 2024 PEA Mine Plan now within the more reliable Measured Resource footprint.
American Lithium Corp. (AMLIF) has released its financial results for Q3 ended November 30, 2024. The company reported a reduced net loss of $3.64 million compared to $11.17 million in the same period last year. Loss per share decreased to $0.02 from $0.05.
The company's financial position shows cash and cash equivalents of $3.49 million, down from $11.89 million at February 29, 2024. Total assets stand at $161.14 million, with total shareholders' equity at $158.35 million.
During the quarter, the company appointed Rona Sellers to its board of directors, strengthening corporate governance. American Lithium continues to develop its three main projects: the TLC lithium project in Nevada, and the Falchani lithium and Macusani uranium projects in Peru, all of which have completed preliminary economic assessments.
American Lithium Corp (TSX-V: LI | OTCQX: AMLIF) has announced its qualification to trade on the OTCQX® Best Market under the symbol 'AMLIF', transitioning from its previous NASDAQ listing. The company maintains its focus on developing three major projects: the TLC claystone lithium project in Nevada, and the Falchani lithium project and Macusani uranium deposit in Peru. Trading on OTCQX provides cost-effective access to U.S. capital markets while maintaining high financial standards and corporate governance practices.
FAQ
What is the current stock price of American Lithium (AMLIF)?
