American Lithium has received the first of three permits from Peruvian authorities for discovery and exploration drilling near Quelcaya, a few kilometers west of the miner’s Falchani hard rock lithium deposit. The company said drilling would commence immediately on priority targets. “This is a very significant development for the company which validates recent supportive comments from the new government in…
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American Lithium has entered into an agreement with Nevada Alaska Mining Co., an arms-length party, to buy back the remaining 1% gross overriding royalty on the miner’s TLC Lithium project, located northwest of Tonopah, Nev. Full story.
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American Lithium said it has made the decision to pursue a “spin-out” of its Macusani uranium project in Peru into an independent public company. The company views a spin-out of the project into a stand-alone vehicle as the preferred route to generate value for American Lithium and its shareholders from the continued development of the large-scale uranium project. Additionally, the…
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