VANCOUVER - American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1), a company focused on the development of lithium and uranium projects, has provided an update on its operational activities, signaling steady progress and anticipation of a market recovery in battery metals. The company is finalizing an updated Mineral Resource Estimate (MRE) for its TLC Lithium Project in Nevada, with completion expected in November. This MRE incorporates 42 new drill holes aimed at expanding the measured resource category, which is part of the pre-feasibility study efforts.
The company is also conducting studies to improve the pre-concentration of feed material for leach processing, which will inform future pilot and pre-pilot leach testing and flow-sheet optimization work. Environmental and hydrology studies are ongoing as American Lithium prepares for the Mine Plan of Operations permitting process.
In Peru, the company is awaiting the Supreme Court's decision on the final petition by the Peruvian Ministry of Energy and Mines (MINEM) and INGEMMET, which challenges previous court rulings in favor of American Lithium's ownership of disputed concessions. The company expects the Supreme Court to decline the case, resolving the dispute over 32 concessions.
For its Falchani Lithium Project in Peru, American Lithium is awaiting regulatory approval of its Environmental Impact Assessment Study (EIA-sd) submitted in November 2023. The company has responded to questions from Peruvian authorities, and the Vice Minister of Mines has indicated that the permitting process is nearing completion.
The Macusani Uranium Project, also in Peru, is pending approval of exploration environmental permits (DIA) for advanced exploration. Positive developments in regulatory frameworks for uranium production and transport in Peru, along with a recent visit by leaders of the International Atomic Energy Agency (IAEA), suggest a commitment to nuclear electricity generation in the country.
American Lithium is exploring the potential spin-out of its Macusani project into an independent public company, aiming to strengthen its balance sheet and advance the project through feasibility studies.
The technical information in this press release has been reviewed and approved by Ted O'Connor, PGeo, Executive Vice-President of American Lithium and a qualified person as defined by NI 43-101.
This article is based on a press release statement from American Lithium Corp.
In other recent news, American Lithium Corp. has seen significant changes in its leadership and operational developments. The company announced the resignation of Simon Clarke as CEO, with Alex Tsakumis stepping in as the Interim CEO. Additionally, Paul Charlish, with over three decades of experience in financial management, has been appointed as the new Chief Financial Officer.
American Lithium has also sought a 180-day extension to meet the Nasdaq Minimum Bid Price Rule, a decision that is currently pending approval. This move does not impact the company's operations or its trading on the TSX Venture Exchange.
In terms of advancements, American Lithium has made strides in optimizing the Falchani lithium project's processing flow-sheet, reducing sulfuric acid consumption by roughly 50%. This enhancement is expected to lower operating costs and improve the production of high-purity lithium carbonate. The company is also exploring the use of Solvent Extraction techniques, which could simplify the process and lead to reduced capital expenditures.
Finally, the company has optimized the recovery of by-products like Sulfate of Potash and improved the concentration of Cesium Sulfate, which could become a commercially viable by-product. These are the recent developments regarding American Lithium Corp.
InvestingPro Insights
As American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) continues to make progress on its lithium and uranium projects, investors should consider some key financial metrics and insights provided by InvestingPro.
According to InvestingPro data, American Lithium has a market capitalization of $164.8 million USD, reflecting its current valuation in the market. Despite the company's ongoing developments and potential, it's important to note that American Lithium is not currently profitable, with a negative P/E ratio of -6.97 and an adjusted P/E ratio of -8.16 for the last twelve months as of Q2 2025.
InvestingPro Tips highlight that the company suffers from weak gross profit margins and is not expected to be profitable this year, according to analysts. These factors align with the company's current focus on project development rather than revenue generation, as outlined in the article.
However, it's worth noting that American Lithium's stock has shown strong returns over the last month and three months, with price total returns of 35.88% and 87.93% respectively. This recent performance may reflect investor optimism about the company's progress on its projects and the potential for a market recovery in battery metals, as mentioned in the article.
For investors seeking a more comprehensive analysis, InvestingPro offers 10 additional tips for American Lithium Corp., providing a deeper understanding of the company's financial position and market performance.
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