American Lithium Corp AMRLF

Primary Symbol: V.LI Alternate Symbol(s): V.LI.W | AMLI

Metals & Mining Industrial Metals & Minerals

American Lithium Corp. is a Canada-based exploration and development stage company. The Company is engaged in the development of lithium projects throughout the Americas. The Company’s projects include Tonopah Claystone Claims (TLC) Lithium Project, Falchani Lithium Project and Macusani Uranium Project. The TLC Lithium Project is located near the regional hub and county seat in the town of Tonopah, Nevada. The TLC Lithium Project claims are located approximately six miles northwest of Tonopah. The Falchani Lithium Project resource is comprised of three zones, namely the upper breccia unit (UBX), lithium-rich tuff unit (LRT) and lower breccia unit (LBX), in order of stratigraphy. The Macusani Uranium Project is located in the Province of Carabaya, Department of Puno in southeastern Peru.

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American Lithium Corp > American Lithium Looks cheap here

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Comment by cyber37on Apr 18, 2024 1:06pm

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Post# 35996271

RE:American Lithium Looks cheap here

Well,….yes the value that LI represents & potential for this stock to reflect it (and go up) is tremendous. BUT, the legal issues that this company entangled itself through its’ own ignorance (by failing to re-new lease in Peru on time) is the reason this stock is in the dumpster. On top of it all company did not demonstrate any action taken to rectify or safeguard its’ operations in Peru from this happening again. It looks like incompetence is being rewarded in this case.
IMHO this is the main reason this stock is where it is rather then where it could be. I’m holding & I’m long on LI and wish for more competent management to take over this outfit.
G37

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