AMLM Announces Strategic Acquisition of Potentially Major Silver and Copper Projects in Chile

Rhea-AI Summary

American Lithium Minerals (OTC: AMLM) announced on Jan 8, 2026 the acquisition of exclusive options to buy 100% of two Chilean projects from Aeramentum: La Grande Plata (high‑sulphidation silver) and Furano (porphyry copper‑gold). The deal uses AMLM securities plus contingent milestone payments and assumes initial option fees and quarterly rent.

La Grande Plata: ~1,325 ha, up to 10 km mineralized strike, surface averages ~400 g/t AgEq (173 g/t Ag, 1.3% Cu, 0.5 g/t Au), drill‑ready with 39 permitted pads and a planned 2,000 m program. Furano: ~9,000 ha, historical shallow holes (e.g., 100 m @ 0.9% CuEq), large alteration, drill‑ready with a 1,500–2,000 m program planned for 2026. Closing expected Q1 2026; drilling mid‑2026.

Positive

• Acquisition adds two drill‑ready Chile assets covering >10,000 hectares
• La Grande Plata surface samples average ~400 g/t AgEq across 6–8 km strike
• Furano has historical intercepts including 100m @ 0.9% CuEq with 50m @ 1.2% Cu
• Planned near‑term drilling: 2,000m at La Grande Plata and 1,500–2,000m at Furano in 2026

Negative

• Transaction payments include contingent milestone securities that may dilute shareholders
• Closing subject to customary conditions and not guaranteed (expected Q1 2026)

News Market Reaction

+22.45%

1 alert

+22.45% News Effect

On the day this news was published, AMLM gained 22.45%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CARSON CITY, Nev., Jan. 8, 2026 /PRNewswire/ -- American Lithium Minerals Inc. (OTC: AMLM) ("AMLM" or the "Company"), a dynamic exploration and development company focused on high-value mineral assets, today announced the acquisition of two world-class projects in Chile: the La Grande Plata silver project and the Furano copper-gold porphyry project. These assets are being acquired from Aeramentum Resources Limited ("Aeramentum"), an Australian-based private exploration company, marking a significant expansion of AMLM's portfolio into the prolific Chilean mining belt.

Under the terms of the agreement, AMLM has secured exclusive options to acquire 100% ownership of both projects, leveraging Aeramentum's completed due diligence and exploration planning. The acquisition aligns with AMLM's strategy to diversify its holdings beyond lithium while targeting assets with near-term drill potential and strong upside in precious and base metals.

The transaction contemplates the purchase of 100% of the projects for AMLM securities with provisions and additional contingent payments tied to defined discovery milestones. Initial option fees and quarterly rent payments will be assumed as part of the Definitive Agreement at closing.

La Grande Plata: A Large-Scale, High-Grade Silver Project Located in the Andes of northern Chile, approximately 2.5 hours from the city of La Serena and just off a major highway, La Grande Plata is a high-sulphidation epithermal silver project with up to 10km of identified mineralized strike. Surface sampling has returned average grades of approximately 400g/t AgEq (173g/t Ag, 1.3% Cu, 0.5g/t Au, 1.7% Pb) across 6-8km of strike and over 0.5km vertical extent. Key highlights include:

• High-grade channel samples such as 9m @ 407g/t Ag, 4% Cu, 0.73g/t Au (703g/t AgEq) and 4m @ 497g/t Ag, 1.44% Cu, 0.35g/t Au (643g/t AgEq).
  
  
• Surrounded by major mining operations from companies like Codelco, Antofagasta, Barrick Gold, and Fortescue.
  
  
• Drill-ready with 39 permitted drill pads (4-5 already built), roads constructed, and a planned 2,000m drilling program.
  
  
• Geological similarities to the nearby Filo del Sol project (90Moz AuEq, owned by BHP/Lundin), including shared rock types and structural settings.

The project spans 1,325 hectares and features broad alteration zones with open-cut potential, making it a prime target for rapid resource definition.

Furano: A Promising Porphyry Copper-Gold Project Situated in the Tarapaca Region, 85km northeast of Iquique and 25km northwest of BHP's Cerro Colorado mine, Furano covers 9,000 hectares of exploration licenses. Historical shallow drilling (<200m) has intersected significant mineralization, including 100m @ 0.9% CuEq from 100m (with 50m @ 1.2% Cu) and 10m @ 2.4g/t Au from 40m. Highlights include:

• Four holes ending in primary copper mineralization (0.1-0.3% Cu) across nearly 2km strike, open at depth.
  
  
• Large alteration zone indicative of a major porphyry system, with the same age rocks as world-class deposits like Escondida and Chuquicamata.
  
  
• Drill-ready with plans for a 1,500-2,000m program in 2026, following IP surveys.
  
  
• Excellent infrastructure access, including paved roads and proximity to major copper producers.

"This acquisition represents a transformative step for AMLM, adding high-impact silver and copper assets in one of the world's premier mining jurisdictions," said Frank Kristan, CEO of AMLM. "La Grande Plata and Furano offer immediate exploration upside with low entry costs, surrounded by industry giants like BHP and Codelco. We are excited to build on Aeramentum' s strong foundation and advance these projects toward resource delineation and value creation for our shareholders."

The full presentation is available on the company's website here (https://bit.ly/49ILFC1) and on the company's OTC Markets website here (https://bit.ly/3N8ZgKd)

The transaction is expected to close in Q1 2026, subject to customary conditions. AMLM plans to integrate these projects into its exploration pipeline, with drilling anticipated to commence in mid-2026. This move complements AMLM's recent acquisitions in Canada and positions the Company for growth in a favorable metals market.

About American Lithium Materials, Inc. 

American Lithium Materials, Inc. (OTCID: AMLM)) is an exploration-stage mining company focused on gold, lithium, rare earths, cobalt, nickel, and other critical metals powering the global energy transition. Now entering a transformation phase, AMLM is being repositioned as a commodity acquisition and tokenization vehicle to pioneer real-world-asset (RWA) tokenization across gold, lithium, oil, gas, REE's and mining. Information at American Mineral Resources.

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
1007 South Street
Carson City, NV 89701
Phone: (877) 734-8787
E-mail: info@americanmineralresources.com
X: @AMR_ResourcesAu
LinkedIn: https://bit.ly/4qjAuWE 

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SOURCE American Lithium Minerals, Inc

FAQ

What did AMLM announce about the La Grande Plata and Furano projects on Jan 8, 2026?

AMLM announced exclusive options to acquire 100% of La Grande Plata (silver) and Furano (copper‑gold) from Aeramentum, using AMLM securities plus contingent milestone payments.

What exploration plans and timelines did AMLM give for AMLM projects in Chile (AMLM)?

AMLM expects the transaction to close Q1 2026 and plans drilling mid‑2026: ~2,000m at La Grande Plata and 1,500–2,000m at Furano following surveys.

What are the key grades and size metrics reported for La Grande Plata (AMLM)?

La Grande Plata spans ~1,325 ha with up to 10 km strike; surface averages ~400 g/t AgEq (173 g/t Ag, 1.3% Cu, 0.5 g/t Au) and reported channel samples up to 703 g/t AgEq.

What historical results support Furano's porphyry potential for AMLM (OTC: AMLM)?

Historical shallow drill results include 100m @ 0.9% CuEq (with 50m @ 1.2% Cu) and 10m @ 2.4 g/t Au from 40m, with holes ending in primary copper mineralization.

How might the acquisition affect AMLM shareholders and capital structure?

The purchase uses AMLM securities and contingent milestone payments, which could dilute existing shareholders; initial option fees and quarterly rent will be assumed at closing.