Peru gives American Lithium go-ahead on drilling

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 plans to ‘spin-out’ Peruvian asset

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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