American Lithium sees Peru project value triple to $5 billion [Yahoo! Finance]
American Lithium Corp. (AMLI)
Company Research
Source: Yahoo! Finance
tripled from the previous forecast to $5.11 billion and that it would have a potential operating life of 32 years. Demand for lithium, a key metal used in rechargeable batteries for electric vehicles and other electronics, has soared in recent years. Shares in American Lithium were up more than 5% mid-morning after the company raised the after-tax value of the Falchani project from the $1.5 billion estimated in 2019 on the current price of high-purity lithium carbonate. The project, located in southern Peru near the border with Bolivia, is awaiting government approval of an early environmental permit study, which could fast track construction permits. American Lithium last year quadrupled its deposit estimate at Falchani to 5.53 million metric tons of lithium carbonate equivalent following new drilling at the project. It is the only lithium project underway in Peru, which neighbors the so-called "lithium triangle" of Chile, Argentina and Bolivia, which all hold significant d
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AMLI
News
- American Lithium Strengthens Team and Launches Major ESG Initiative in Peru [Financial Post (Toronto, Ontario, Canada)]Financial Post
- American Lithium Strengthens Team and Launches Major ESG Initiative in Peru [Yahoo! Finance]Yahoo! Finance
- American Lithium Strengthens Team and Launches Major ESG Initiative in PeruGlobeNewswire
- American Lithium Receives NASDAQ Notice of Minimum Price Deficiency and Clarifies Previous Engagement with New Era Publishing Inc. [Yahoo! Finance]Yahoo! Finance
- American Lithium Receives NASDAQ Notice of Minimum Price Deficiency and Clarifies Previous Engagement with New Era Publishing Inc. [Financial Post (Toronto, Ontario, Canada)]Financial Post
AMLI
Sec Filings
- 3/26/24 - Form 6-K
- 3/15/24 - Form 6-K
- 2/14/24 - Form SC
- AMLI's page on the SEC website