News today...up up it goes !!
American Lithium to Reduce Royalty Obligations for TLC Projectand Expand Holdings in Esmeralda Lithium District in Nevada Lithium TSX VENTURE: LI www.americanlithiumcorp.com Mr. Michael Kobler reports: VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) --American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1)(American Lithium or the Company) a leading lithium exploration and development company is pleased to announce that it has reached an agreement with Nevada Alaska Mining Co., Inc. (Nevada Alaska), an arms-length party, under which the Company will buyback (the Buyback) one-and-one-half percent (1.5%) of the existing gross overriding royalty pertaining to the Companys wholly owned TLC Lithium Claystone property near Tonopah, Nevada (TLC Property). Nevada Alaska currently holds a two-and-one-half percent (2.5%) gross overriding royalty on commercial production from the TLC Property, and following completion of the Buyback will continue to hold a one percent (1.0%) royalty. ...... Glta Kam