American Lithium Corp V.LI

Alternate Symbol(s): AMLI | V.LI.W | AMRLF

Metals & Mining Industrial Metals & Minerals

American Lithium Corp. is a Canada-based exploration and development stage company. The Company is engaged in the development of lithium projects throughout the Americas. 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 Falchani Lithium Project resource is comprised of three zones, namely the upper breccia unit (UBX), lithium-rich tuff unit (LRT) and lower breccia unit (LBX), in order of stratigraphy. The Macusani Uranium Project is located in the Province of Carabaya, Department of Puno in southeastern Peru.

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American Lithium Corp > Falchani project gets support from Congress

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Comment by neoscepticon Nov 22, 2021 12:25pm

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Post# 34153364

RE:Falchani project gets support from Congress

What a great post juanPeru.
Thank you for an information. Now it is a lot more clear. There are more resources in disputed concessions than I expected (20% my estimate vs. 45% actual)

It is easier to predict next steps. Li will, probably, stop exploring Peruvian assets until all legal issues will be cleared out or risk lose more $.
It will be focusing on Nevada deposit, which make sense anyway.

I do not think Plateau's uranium deposit will be spinnig off, at least for now, as it is part of disputed concessions, separating them will only slow down legal process.

So AL is fallen now on the risk to lose 1/2 of Peruvian assets. Later, it will have extra catalysts - Nevada development and in mid-term on Peruvian situation, if AL win.

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