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American Lithium Corp. (LIACF) has been awarded a grant from the U.S. Department of Energy for a $4.5 million lithium extraction pilot plant. The funding, which covers 50% of the costs, will help demonstrate advanced lithium extraction methods from U.S. claystone deposits. CEO Mike Kobler highlighted this as a validation of their unique lithium mineralization. Additionally, the company reported a positive injunction for its subsidiary in Peru, ensuring rights over disputed concessions. This move strengthens American Lithium's position in the lithium extraction market.
American Lithium Corp. (TSX-V: LI, OTCQB: LIACF) has been recognized in the 2021 TSX Venture 50, an annual list of top-performing companies based on market capitalization growth, share price appreciation, and trading volume for 2020. CEO Michael Kobler expressed pride in this achievement and noted the company's ongoing development of the TLC Lithium Project in Nevada. The acquisition of Plateau Energy Metals aims to position American Lithium as a leading diversified lithium development firm.
American Lithium Corp. and Plateau Energy Metals have announced a definitive arrangement to merge their lithium assets in response to rising lithium demand. Upon completion, Plateau shareholders will hold approximately 21% of American Lithium's shares. The merger significantly increases American Lithium’s resource base through the TLC project in Nevada and Plateau’s Falchani project in Peru, adding growth potential. The deal includes an attractive premium for Plateau shareholders and is anticipated to close in May 2021, subject to regulatory approvals.