American Lithium Minerals, Inc. (OTC: AMLM) Announces the Acquisition of the Higginsville Gold Project in Western Australia

Rhea-AI Summary

American Lithium Minerals (OTC: AMLM) completed the acquisition of the Higginsville Project, four granted prospecting licenses (P15/6723–6726) in Western Australia, located 9 km from the Higginsville Mine which has historically produced ~1.1 million ounces of gold.

The tenements sit on the Greater Eundynie Anticline within the Southern Norseman–Wiluna belt, host both quartz‑vein/shear and Tertiary palaeochannel targets, and contain historical drill and rock‑chip results including 1 m @ 8.69 g/t Au and surface nuggets up to 27 oz. AMLM plans integrated studies in 2026, select drill sites mid‑2026 and begin drilling in H2 2026, and will open a Perth office.

Positive

• Acquisition completed of four granted prospecting licenses (P15/6723–6726)
• 9 km proximity to Higginsville Mine (historical ~1.1M oz produced)
• High‑grade historical results including 1 m @ 8.69 g/t Au and rock chips up to 8.26 g/t Au
• Drilling timeline announced: drill sites mid‑2026 with drilling in H2 2026

Negative

• Exploration‑stage company with no indicated mineral resource in announcement
• No purchase price disclosed or financial terms for the Higginsville acquisition

News Market Reaction – AMLM

-6.00%

-6.00% Session close to close

In the Mar 31 session, AMLM declined 6.00%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

CARSON CITY, Nev., March 31, 2026 /PRNewswire/ -- American Lithium Minerals Inc. (OTC: AMLM) ("AMLM" or the "Company"), a dynamic exploration-stage company focused on critical metals, precious metals, and rare earth elements is pleased to announce that it has completed the acquisition of the Higginsville Project, a package of four granted prospecting licenses located in one of Western Australia's most prolific gold-producing regions.

The Higginsville Project comprises of prospecting licenses P15/6723, P15/6724, P15/6725, and P15/6726, positioned just 9 km from the Higginsville Mine, which has historically produced approximately 1.1 million ounces of gold.

The Higginsville Project sits on the western limb of the Greater Eundynie Anticline, directly within the Southern Norseman–Wiluna greenstone belt, one of Australia's most productive gold provinces. The tenements lie in proximity to the Zuleika Shear Zone, a major regional structure associated with multiple high‑grade gold deposits. The project area hosts both primary Archaean quartz‑vein/shear‑hosted gold and secondary Tertiary palaeochannel gold, providing multiple exploration targets.

Previous exploration across the tenements includes 12 RAB holes and 152 aircore holes, with notable results such as:

• 1 m @ 8.69 g/t Au from 40 m in aircore drilling
• Rock chips up to 8.26 g/t Au at Rainbow Waters
• Rock chips up to 2.37 g/t Au at Little Gladys
• Surface nuggets up to 27 oz, with multiple 1–5 oz finds reported

These results underscore the project's potential for both bedrock‑hosted and palaeo channel gold.

AMLM CEO Frank Kristan commented:

"The Higginsville Project represents a transformational acquisition for AMLM. Its location, within a proven gold belt, surrounded by existing mines and processing infrastructure, provides a unique opportunity to rapidly advance exploration. The combination of high‑grade historical results, multiple mineralization styles, and excellent access makes Higginsville a cornerstone asset for our expanding portfolio."

AMLM intends to establish an Australian office, based in Perth, that would immediately begin integrating historical datasets and preparing for a comprehensive exploration program. Integrated geology, geophysics and geochemical results are planned for 2026 with drill location selected mid‑2026 and drilling in second half of 2026.

FORWARD-LOOKING STATEMENTS:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.

Contact:

American Lithium Minerals, Inc
1007 South Street
Carson City, NV 89701
Phone: (775) 587-6137
E-mail: info@americanmineralresources.com
X: @AMR_MineralRes
LinkedIn: https://bit.ly/4qjAuWE

View original content to download multimedia:https://www.prnewswire.com/news-releases/american-lithium-minerals-inc-otc-amlm-announces-the-acquisition-of-the-higginsville-gold-project-in-western-australia-302729589.html

SOURCE American Lithium Minerals, Inc

FAQ

What did AMLM announce about the Higginsville Project on March 31, 2026?

AMLM announced completion of the Higginsville Project acquisition, comprising four prospecting licenses near Higginsville Mine. According to the company, the tenements lie 9 km from a mine that historically produced ~1.1 million ounces of gold.

What exploration results exist on the Higginsville tenements acquired by AMLM (OTC: AMLM)?

Notable historical results include 1 m @ 8.69 g/t Au, rock chips up to 8.26 g/t and surface nuggets up to 27 oz. According to the company, prior work includes 12 RAB and 152 aircore holes.

When does AMLM plan to start drilling at Higginsville (OTC: AMLM)?

AMLM plans to select drill locations mid‑2026 and commence drilling in the second half of 2026. According to the company, integrated geology, geophysics and geochemistry work is planned for 2026 prior to drilling.

Where is AMLM establishing its Australian base for Higginsville operations?

AMLM intends to establish an Australian office based in Perth to integrate historical datasets and coordinate exploration. According to the company, the Perth office will commence immediate integration and program planning.

What geological targets does AMLM cite for the Higginsville Project (AMLM)?

The company cites both Archaean quartz‑vein/shear‑hosted gold and Tertiary palaeochannel gold as targets on the tenements. According to the company, the project sits on the Greater Eundynie Anticline within a proven gold belt.