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Updated PEA for Falchani Highlights Robust Economics After-tax NPV8% Triples to US$5.11 Billion, IRR 32.0% and Low Opex $5,093/t LCE [Yahoo! Finance]

American Lithium Corp. (AMLI) 
Company Research Source: Yahoo! Finance
the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) is pleased to announce the results of its updated Preliminary Economic Assessment (“PEA”) for the Falchani Lithium (“Falchani”) project located in Puno, southwestern Peru. This independent, updated PEA was completed by DRA Global following the updated mineral resource estimate recently completed by Stantec Consulting Services Ltd. (“Stantec” - see news release dated December 15, 2023). The updated PEA demonstrates that with low initial capex, the Falchani project has the potential to become a substantial, low-cost, long-life producer of high purity Lithium Carbonate (“LCE” or “Li CO ”) with the potential to also produce Sulfate of Potash (“SOP”) and Cesium Sulfate (“CsS” or “Cs SO4”) by-products alongside LCE. The PEA base case envisions 32 years of mining followed by 11 years of stockpile processing over the potential life of mine (“LOM”). The PEA alternative case is identical, but with added production of high purity SOP and Show less Read more
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