American Lithium (TSXV:LI) - Peru Lithium Resource Increase Unlocks Huge Production Potential

Interview with Simon Clarke, CEO & Director, and Laurence Stefan, President & COO, of American Lithium Corp. Our previous interview: https://www.cruxinvestor.com/posts/american-lithium-tsxvli-uranium-buyers-now-paying-close-attention-3818 Recording date: 3rd November 2023 American Lithium (TSXV:LI) is a lithium exploration and development company focused on two major lithium projects, Falchani in Peru and TLC in Nevada. The company's other asset in Peru is the large-scale Macusani uranium project which is one of the largest uranium projects in the world. The company recently announced a large increase in measured and indicated resources at Falchani lithium project, with an addition of over 5 million tonnes of lithium carbonate equivalent. This establishes Falchani as one of the largest hard rock lithium deposits globally, and the deposit can produce high-purity battery-grade lithium carbonate without the need for further refining. At the TLC lithium project in Nevada, the company is also considering strategic partners and equity financing options to advance development as the US government is supporting domestic lithium projects to reduce reliance on China. The company is now focused on completing a pre-feasibility study for Falchani by the end of Q1 2024 and attracting mining partners to assist with funding the large capital costs required. The company believes both projects can be fast-tracked to production within 2-3 years given supportive jurisdictions. This early mover advantage is key in the lithium market. Longer term, the scale of the deposits provides the potential to establish major new lithium production hubs. View American Lithium's company profile: https://www.cruxinvestor.com/companies/american-lithium Sign up for Crux Investor: https://cruxinvestor.com