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American Lithium Corp AMLI


Primary Symbol: V.LI

American Lithium Corp is a Canada-based company that is engaged in the development of large-scale lithium projects within mining- friendly jurisdictions throughout the Americas. The Company is focused on the development of its strategically located Tonopah Claystone Claims (TLC) Lithium Claystone Project in the mineralized Esmeralda lithium district in Nevada. It also focuses on advancing its Falchani Hard-rock Lithium Project and Macusani Uranium Project in southeastern Peru. The Company’s projects include Tonopah Claystone Claims (TLC) Lithium Project, Falchani Lithium Project, and Macusani Uranium Project. The TLC Lithium Project is located near the regional hub and county seat in the town of Tonopah, Nevada. The TLC Lithium Project claims are located approximately six miles northwest of Tonopah. The Macusani Uranium Project is located in the Province of Carabaya, Department of Puno in southeastern Peru.


TSXV:LI - Post by User

Post by neoscepticon Nov 08, 2021 1:52pm
361 Views
Post# 34100945

Correction is natural

Correction is naturalI think that it is quite natural correction.
The company had a good run and profit taking is normal.

Also, company issued new shares at $2.65 and warrants at $4 - I would not be surprised if people who bought it selling it now. Fastest and risk free $ ever....
800M is adequate cap, considering stage of development.

At the same time, company have 40M+ on bank account and have a plan to push all 3 projects.
If all wil go as planned (and there should be little problem with it); we should start getting news about drillings and, then, about larger and upgraded (to MI) resource basis.
That should push capitalisation up, if no negative changes with Li prices.
That will bring projects to DFS which should open door to financing.

It is a long-term investment and temporary ups and downs is normal and expected. 

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