American Lithium Corp Stock Price, News & Analysis

American Lithium (OTCQX:AMLIF) reports Falchani contains a globally significant cesium resource within its lithium resource base and announced processing optimization results and pilot plant preparations.

Key facts: Measured 43,539 t Cs; Indicated 392,742 t Cs; Inferred 393,668 t Cs (effective Oct 30, 2023). Test work produced a saleable mixed cesium sulfate (~18% Cs) and high‑purity SOP (45% K). Process improvements: Li recovery ~88%, Cs recovery ~85% with 50% acid recycle; sulfuric acid consumption reduced to ~240 kg/t (~50% lower vs Feb 2024 PEA). Pilot plant equipment testing is underway and pilot operations are expected within a few months.

American Lithium (OTCQX:AMLIF) has secured a crucial Water Reservation Agreement with Tonopah Public Utilities for its TLC Project in Nevada. The agreement reserves 900-1,250 gallons per minute of water supply for Phase 2 operations, complementing existing water rights for Phase 1.

The agreement includes a $200,000 initial payment to benefit Tonopah's infrastructure and education, with a 3-year initial term extendable for up to 7 additional years at $50,000 per year. The TLC Project aims to produce 24,000 tonnes of lithium carbonate equivalent (LCE) annually in Phase 1, expanding to 48,000 tonnes in Phase 2, positioning it among the largest potential lithium operations in the United States.

American Lithium (OTCQX:AMLIF) has secured a decisive legal victory in Peru as the Supreme Court rejected petitions filed by INGEMMET and MINEM regarding the ownership of 32 disputed mining concessions. The Constitutional and Social Law Chamber unanimously ruled against the plaintiffs, deeming their petition unfair, inadmissible, and unacceptable.

This ruling marks the end of a seven-year legal process and confirms Macusani Yellowcake S.A.C., the Company's Peruvian subsidiary, as the rightful owner of the concessions. The Company maintained throughout that it never lost title to these properties. American Lithium can now focus on developing its portfolio, which includes two of the world's largest advanced-stage lithium projects and Latin America's largest undeveloped uranium project.

American Lithium Corp (AMLIF) has announced the passing of Carsten Korch, an Independent Director and Audit Committee member who served on the Board since October 2022. Based in Peru, Korch brought over 30 years of entrepreneurial experience and played a crucial role in guiding the company's strategic initiatives in South America.

The company, which is developing two major lithium projects - the TLC claystone project in Nevada and the Falchani hard rock project in Peru - along with Latin America's largest undeveloped uranium project (Macusani), acknowledged Korch's significant contributions to their corporate governance and project advancement. Interim CEO Alex Tsakumis and Chairman Andrew Bowering both emphasized Korch's dedication to sustainable development and his impact on the organization.

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.