Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

American Lithium Corp AMLI


Primary Symbol: V.LI

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

Comment by juanPeruon Nov 22, 2021 6:36pm
164 Views
Post# 34154868

RE:RE:Falchani project gets support from Congress

RE:RE:Falchani project gets support from CongressThank you neo, glad to know my post was useful to you, especially given the work needed to write it.

Regarding the next steps, you have to know that the Falchani projects covers two concessions (Falchani and Ocacasa 4), of which only Ocacasa 4 is among the 32 disputed concessions. That's why the Falchani PEA (February 2020) included two scenarios:

1. Base case, including both Falchani and Ocacasa 4, with a post-tax NPV8% of US$1.55 billion, and
2. Alternative case, including only the resources in Falchani (not disputed), with a post-tax NPV8% of US$844 millions. 

Also bear in mind that the other prospective zones for lithium (Tres Hermanas, Quelcaya) lie inside undisputed concessions too. That's why $LI has announced exploration drilling at Quelcaya and infill drilling in Falchani to convert the resources into reserves. Drilling will start as soon as the permits are in place.

Like you, I don't believe the uranium deposit will be spun off soon, but the Macusani PEA will probably be updated with the results from the recent successful pre-concentration tests. There's also plans to infill drill between the Macusani uranium deposits (which were originally developed by different companies), but from what I have heard that would not be in the short term. 
<< Previous
Bullboard Posts
Next >>