American Lithium Minerals Inc AMLM

Metals & Mining Industrial Metals & Minerals

American Lithium Minerals, Inc. is an exploration-stage company. The Company is a mineral resource exploration company engaged in the acquisition and exploration of mining properties. It is focused on the development of lithium and boron resources in Nevada. American Lithium has three lithium brine projects in the Great Basin of Nevada. The projects are located in the basins of Sarcobatus Deep, Teels Marsh Deep and Fish Lake Deep. The Company’s primary asset is the Borate Hills property in western Nevada, which covers an area of over 3,400 acres. The Borate Hills property features a deposit of 2750 parts per million of lithium (0.275%) and 1% boron. On January 5, 2010, the Company entered into an agreement with Gold Summit Corporation to acquire a 100% interest in five grassroots exploration brine projects mineral claims located in Nevada, United States.