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: https://juniorgoldreport.com/american-lithium-corp-operating-in-a-surge/
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