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Bullboard - Stock Discussion Forum
American Lithium Corp
AMLI
Primary Symbol:
V.LI
Metals & Mining
Industrial Metals & Minerals
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.
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TSXV:LI - Post Discussion
American Lithium Corp
> NEWS📈Secure Water Rights for Continued Development of TLC
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PowerofNow
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Post by
PowerofNow
on Jul 28, 2020 10:52am
NEWS📈Secure Water Rights for Continued Development of TLC
VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”) a leading lithium exploration and development operator is pleased to announce the signing of a letter of intent to acquire a 100% interest in certain privately held lands and the accompanying 1,176 acre-feet of water rights (the “LOI”). The acquisition of the water rights will allow American Lithium to continue advancing its flagship TLC project, near Tonopah, Nevada, by guaranteeing a supply of water for any planned future development. The water rights come from a 326-acre farm whose water rights are part of the same hydrographic basin as the TLC Project, Basin 137-a, or ‘Big Smoky Valley – Tonopah Flat’. The purchase of the farm is a critical step in securing the required makeup water for the innovative patent-pending lithium recovery process for TLC’s unique lithium bearing claystones. Work to date has identified a pit-constrained resource (at 400 ppm cut-off) of 1.107 billion tonnes measured and indicated (“M+I”) plus 362 Mt inferred containing 5.37 million tonnes lithium carbonate equivalent (“LCE”) M+I and 1.76 million tonnes LCE inferred (see American Lithium news release dated May 20, 2020). In addition, ongoing metallurgical processing and testing by McClelland Laboratories Inc. has shown highly encouraging results in simplifying the process for recovering lithium, that the lithium is consistently highly leachable throughout the project and that average extraction grades of 87% lithium can be achieved in minutes of leach contact time without the use of agitation or heat (see American Lithium news release dated June 17, 2020). Pursuant to the LOI, American Lithium has paid a deposit to an arm's length vendor of $15,000, to allow for a due diligence period until August 31, 2020. On completion of satisfactory due diligence, the Company will complete a definitive purchase wherein transfer o
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PowerofNow
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Comment by
PowerofNow
on Jul 28, 2020 11:11am
In addition, ongoing metallurgical processing and testing by McClelland Laboratories Inc. has shown highly encouraging results in simplifying the process for recovering lithium, that the lithium is consistently highly leachable throughout the project and that average extraction grades of 87% lithium can be achieved in minutes of leach contact time without the use of agitation or heat (see American
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JMark80
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Comment by
JMark80
on Jul 31, 2020 6:49pm
The deposit seems to have the most leachable clay. 87% in minutes is ridiculous. Too bad the grade wasn't higher. Acid consumption is really high, I wonder how much of that can be recycled?
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