257 0 Kommentare American Lithium Announces Financial and Operating Highlights for Third Quarter Ended November 30, 2023

VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) provides financial and operating highlights for the third quarter ended November 30, 2023. Unless otherwise stated, all amounts presented are in Canadian dollars.

Simon Clarke, CEO of American Lithium comments, “This was an extremely busy period with significant achievements across our projects in Peru and Nevada. This momentum has continued past quarter end with the completion of the updated PEA for Falchani, highlighting very robust economics for the project, including a tripling of NPV from the last PEA.”

Highlights of the Quarter:

Resource Update at Falchani – newly updated mineral resource estimate (“MRE”) resulted in a 476% increase in Measured and Indicated Resources (“M&I”) to 5.53 million tonnes (“Mt”) of lithium carbonate (447 Mt @ 2,327 parts per million (“ppm”) Li) to the block model.
Unanimous Ruling in Peru - Peru’s Superior Court unanimously upheld the previously announced ruling in favour of the Company’s subsidiary, Macusani Yellowcake in relation to title over 32 disputed concessions out of 172 owned by Macusani. The Court ruling clearly establishes that Macusani is the rightful owner of these concessions and highlights that the action launched by the Geological, Mining, and Metallurgical Institute (“INGEMMET”) and Ministry of Energy and Mines (“MINEM”) in October 2018 was baseless and unsubstantiated.
Semi-Detailed Environmental Impact Study (EIA-sd) – submitted for Falchani to the MINEM ahead of schedule. With the filing acknowledged by MINEM, regulatory approval for the EIA-sd is anticipated in the coming months.
Lithium Discovery at Quelcaya in Peru – new lithium (“Li”) discovery 6 kilometres west of Falchani with assays up to 2,668 ppm lithium and over 222 metres of continuous mineralization.
Flow Sheet Refinement - continued refinement of the TLC PEA flow sheet with higher Li purity (99.54%) indicating enhanced economic potential of this project.
Annual General Meeting – shareholders voted in favor of the proposals set forth in the Management Information Circular, including the re-election of seven members to the board of directors for the fiscal year.