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Sunday, October 17, 2021

TLC Lithium Project; the Rise of American Lithium Corp. (TSXV: LI) (OTCQB: LIACF)

American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) is heating up and moving higher in recent trading as EV stocks heat up across the board. Lithium is in very high demand as Electric Vehicles gain traction and Tesla executes on its missions to ramp up production to 500,000 cars per year, Tesla alone will require today’s entire worldwide supply of lithium-ion batteries.

American Lithium is an exciting story developing in small caps; the Company’s flagship TLC project is one of the most promising and underdeveloped lithium sedimentary basins in North America with a land claim of over 4,000 contiguous acres. The Company recently identified a 5.3 million tonne lithium reserve on the property. American Lithium has also partnered with McClelland Laboratories in Sparks, Nevada to develop an optimized hydrometallurgical process to produce battery grade lithium carbonate and lithium hydroxide monohydrate.

American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. The company is currently exploring and developing the TLC project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.’s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.’s Clayton Valley project.

American Lithium flagship is The TLC Lithium Claystone property. The TLC project is one of the most promising and underdeveloped lithium sedimentary basins in North America with a land claim of over 4,000 contiguous acres. The recent 43-101 compliant Technical Report shows a measured and indicated resource of 5.37 Mt of lithium carbonate equivalent (LCE) along with another 1.76 Mt LCE inferred resource. Located approximately 4 hours from the Tesla Gigafactory, the TLC Project aims to offer an economic alternative to regional players such as the productive Ioneer Ltd. (formerly Global Geoscience) lithium claystone project, and even the oldest & largest lithium mine in the U.S. at Clayton Valley. 2019 drill program found samples up to 2,460 ppm lithium with numerous samples over 1,000 ppm lithium. Surface grab samples taken on the TLC claims over an area of two square miles, assay from 220 ppm to 1810 ppm lithium, with 9 samples above 1,000 ppm lithium.

American Lithium is committed to producing the lowest-cost battery grade lithium compounds in North America. TLC’s unique lithium-rich claystones are simple to mine, are highly leachable, and are amenable to quickly producing battery-grade lithium compounds with no selective mining or ore roasting required. To that end, American Lithium has partnered with McClelland Laboratories in Sparks, Nevada to develop an optimized hydrometallurgical process to produce battery grade lithium carbonate and lithium hydroxide monohydrate.

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LIACF

On November 17 American Lithium announced the commencement of the phase III drill campaign to expand the current 5.37 million tonnes (Mt) Lithium Carbonate Equivalent (LCE) at the Company’s wholly owned TLC sedimentary lithium project in Nevada, USA. Further, the program will provide bulk material to continue independent testing and validation of existing work on economical production of lithium by both hydrometallurgical and thermal processing methods. To date, all holes drilled at TLC have intersected significant lithium.

A maiden pit constrained resource of 1.107 billion tonnes measured and indicated (“M+I”) plus 362 Mt Inferred was established through the phase I & II drilling program of 2019-2020. This program included 23 RC drill holes and 5 core holes to yield this 5.37 million tonnes LCE M+I and 1.76 million tonnes LCE Inferred at a 400 ppm cut-off grade. Already established as one of North America’s largest confirmed sedimentary resources, this TLC resource is open both to the north and west on existing claims. In July 2020, an additional 52 claims comprising 1,074 (+26%) acres contiguous to the existing TLC property were added to the project due to evidence that the lithium structures continue in these directions. Boart Longyear Company of Glendale, Arizona is contracted to complete six 6” diameter sonic drill holes. Since the ore is close to the surface the holes will be no more than 400 feet in depth. Initially, the drilling will focus north and northwest in the existing resource to upgrade inferred resources into measured & indicated resources. This drilling will test the newly acquired claim block to potentially further expand the resource on the site.

Mike Kobler, CEO of American Lithium, notes “This phase III drilling program offers a strong opportunity to extend the size of this lithium deposit. We are most enthusiastic that our particular mineralization may offer more than one advantageous cost effective production opportunity that can be a real game-changer to fulfill the critical and expanding need for domestic lithium production in North America.”

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Currently running up the charts American Lithium is an exciting story developing in small caps; the Company’s flagship TLC project is one of the most promising and underdeveloped lithium sedimentary basins in North America with a land claim of over 4,000 contiguous acres. The Company recently identified a 5.3 million tonne lithium reserve on the property. American Lithium has also partnered with McClelland Laboratories in Sparks, Nevada to develop an optimized hydrometallurgical process to produce battery grade lithium carbonate and lithium hydroxide monohydrate. Lithium is in very high demand as Electric Vehicles gain traction and Tesla executes on its missions to ramp up production to 500,000 cars per year, Tesla alone will require today’s entire worldwide supply of lithium-ion batteries. We will be updating on American Lithium i when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with American Lithium.

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Disclosure: we hold no position in American Lithium either long or short and we have not been compensated for this article.

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