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.

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American Lithium Corp

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Post by cyber37on Oct 09, 2024 12:37pm

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Post# 36259557

Rio after Arcadium Lithium....

One can hope that the same faith awaits American Lithium:

Published Wed, Oct 9 20241:40 AM EDT Updated 9 Min Ago
"The world’s second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion.

Rio Tinto said the deal would be an all-cash transaction for $5.85 per share, representing a premium of 90% to Arcadium’s Oct. 4 closing price of $3.08 per share.

Arcadium Lithium’s market value currently stands at $4.56 billion, according to LSEG data, with shares rallying 37% so far this week. Shares were up 30% in the premarket Wednesday at 4.50 a.m. ET time......."

If there is more to come maybe LI could also be a target?
G37