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American Lithium Corp V.LI

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

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.


TSXV:LI - Post by User

Comment by juanPeruon Apr 09, 2024 1:17pm
133 Views
Post# 35979407

RE:RE:Supreme Court received Ingemmet's appeal

RE:RE:Supreme Court received Ingemmet's appealHi Aktiengraf, there are two separate decisions:

1. Qualification decision. Judges vote to decide if the appeal meets the formal and substantial requirements. If either of those are not met (and the omissions are not rectifiable), then the appeal is rejected, the file is returned to the original court and the sentence (favorable to $LI) become final. This process started as soon as the appeal was received by the Supreme Court on April 5, so if we assume 3 months for it then we should know the qualificacion decision by July 5.

2. Hearing decision. If the appeal meets the formal and substantial requirements then the judges make a positive qualificacion decision which kicks off the second process, which is the hearing process. Each of the parties present their arguments in a hearing, the judges make a deep analysis of the case and, finally, they vote to decide whether the second court sentence should be revoked or not. My estimate is that this process would take another 6 months, up to January 5, 2025 aproximately. The possible outcomes of this process are several: a conffirmation of the second court decision, a change in the second court decision (to make it favorable to Ingemmet, for example), an order to restart the whole judicial process from scratch, and so on. Shortly after the judges vote to make a decision, the file would be sent back to the original court so that the Supreme Resolution is executed.

As you can see, if the qualification decision is negative (which happens with 85% of the appeals) then the process would take only 2 months from now, whereas it could take up to 8 months if said decision is positive and the hearing takes place.
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