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American Lithium Corp V.LI

Alternate Symbol(s):  AMLI

American Lithium Corp. is a Canada-based company, which is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is focused on development of its strategically located TLC lithium project (TLC) in the richly mineralized Esmeralda lithium district in Nevada, as well as continuing to advance its Falchani lithium (Falchani) and Macusani uranium (Macusani) development-stage projects in southeastern Peru. Its TLC Lithium Project is located near the regional hub and county seat in the town of Tonopah, Nevada. The Falchani Lithium Project consists of 1,090 square kilometers (km2) of mineral concessions in the Province of Carabaya, Department of Puno, in southeastern Peru. The Macusani Uranium Project is an undeveloped uranium projects in the world containing significant measured, indicated, and inferred uranium resources. Located approximately 25 kilometers away from the Company’s Falchani Lithium Project.


TSXV:LI - Post by User

Post by neoscepticon Nov 08, 2021 1:52pm
395 Views
Post# 34100945

Correction is natural

Correction is naturalI think that it is quite natural correction.
The company had a good run and profit taking is normal.

Also, company issued new shares at $2.65 and warrants at $4 - I would not be surprised if people who bought it selling it now. Fastest and risk free $ ever....
800M is adequate cap, considering stage of development.

At the same time, company have 40M+ on bank account and have a plan to push all 3 projects.
If all wil go as planned (and there should be little problem with it); we should start getting news about drillings and, then, about larger and upgraded (to MI) resource basis.
That should push capitalisation up, if no negative changes with Li prices.
That will bring projects to DFS which should open door to financing.

It is a long-term investment and temporary ups and downs is normal and expected. 

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