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American Lithium Corp V.LI

Alternate Symbol(s):  AMLI

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.


TSXV:LI - Post by User

American Lithium Corp > Echelon Capital Markets Initiates Coverage on LIACF @CAD$8.2
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Post by jthottamon Dec 09, 2021 6:52pm
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Post# 34216610

Echelon Capital Markets Initiates Coverage on LIACF @CAD$8.2

Echelon Capital Markets Initiates Coverage on LIACF @CAD$8.2
Update: American Lithium (Ticker: LIACF)
Echelon Capital Markets initiated coverage on LIACF today and issued a 12-month Price Target of $8.20/share CAD (or equivalently, $6.48 USD) with a "Speculative Buy". This is higher than the two other analysts who cover the company:
Roth Capital at $5.93/share in November
VSA Capital at $5.5/share back in the Summer.
The upward momentum on the share price targets are in line with the ongoing development of their assets and also with rising lithium prices.
Based on today's closing price of $3.66, Echelon's estimates reflect a potential return of 77% over the next 12-months.
 
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