Kal Kotecha PhD
We showcased American Lithium Corporation (TSX-V: LI) (or “the Company”) has seen a recent rise in its share price and the price spike is warranted. The Company announced an acquisition of a 1074654 B.C. Ltd., allowing American Lithium a property option to acquire up to a 70-percent interest in the rich Clayton Valley BFF-1 project. This acquisition effectively enabled the Company to own the sum of the key structures of the South and North Bowl Playas, which contain the lithium brines, and where gravity data shows distinct gravity lows. Brine is by far the easiest and lowest cost type of lithium resource to process (compared to rocks and clays), generally easier to explore, has a small environmental footprint, is faster to put into production, and requires less capital. (Mining Market Watch Journal, 2016).
The property has proven to contain economically significant lithium, boron and potassium brine mineralization. Of importance is that there is near total absence of magnesium in the brines, which is excellent as high levels of magnesium are problematic (costs go up significantly) when it comes to a production scenario due to its similarity to lithium. (Market Equities Research Group, 2016).
Subsequently, American Lithium drilled six holes at Fish Lake Valley – the results should be reported shortly. Please see below for the two news releases.
Renewable energy is a prominent sector for investors — One of the most important sources of renewable energy being developed to meet these future energy demands is lithium. We have outlined lithium uses and the properties the Company owns in out last article which can be accessed here: http://juniorgoldreport.com/american-lithium-corp-operating-in-a-surge/
Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.