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American Lithium Corp AMLI


Primary Symbol: V.LI

Metals & Mining Industrial Metals & Minerals
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

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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