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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

Comment by juanPeruon Jul 13, 2022 1:23pm
734 Views
Post# 34821304

RE:Second court hearing to be held on 7/13/2022

RE:Second court hearing to be held on 7/13/2022Update: The higher judicial authorities at the 4th Court have just decided that the whole appeal should be cancelled and restarted from scratch in the 6th Court, because of a vice found in the process. After judge Hermoza Castro issued the sentence, one of the participants in the application process, started by Ingemmet (on November 2020) over the area of 32 disputed concessions, requested to be included in the appeal process as a third affected party (coadyuvante in formal terms), but judge Hermoza Castro decided that, given that the sentenced had already been issued, this topic should be decided by the higher court (the 4th Court). However, the authorities at the 4th Court have decided that Hermoza Castro should have evaluated the coadyuvante request despite having already issued the sentece, because the coadyuvante stuff was not part of the first sentence process but rather part of the appeal process, so the latter is being rolled back to that point.

Now, who exactly is the third party that considers himself to be affected by the first court decision (favourable to Macusani Yellowcake)? His name is Diego Alfonso Ramirez Motta, and if you followed through the link I provided in the above paragraph you will find him on the lines 73, 74 and 75 of the table showing the list of applicants for the area of the 32 disputed concessions. All I have found about him is that he's an enterpreneur in the real estate and small (formal) mining business, so he has made mining claims before:
https://www.datosperu.org/ejecutivos-cf0290dd82ffe78cc0e3f86f15215f25.php
https://pe.linkedin.com/in/diego-ramirez-motta-b41b3a12b

We can assume now that the appeal process will take a few more months and also that, if incoporated as a coadyuvante, it would certainly add more uncertainty to the appeal resolution, because being a private party I'm pretty sure Diego Alfonso will hire the best lawyers he can get. It's always easier (and faster) to negotiate with a private party though and, even easier given that only one of the potentail coadyuvantes have requested his incoporation in the process.


 
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