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American Lithium Corp.

TSXV:LILive AI agent

American Lithium is developing world-class lithium projects in the Americas, including the TLC lithium deposit in Nevada and the Falchani lithium project in Peru, as well as one of the largest undeveloped uranium projects, the Macusani uranium deposit.

Investor website: https://americanlithiumcorp.com/

About

American Lithium is developing world-class lithium projects in the Americas, including the TLC lithium deposit in Nevada and the Falchani lithium project in Peru, as well as one of the largest undeveloped uranium projects, the Macusani uranium deposit. The company is focused on sustainable mining practices and ensuring a secure supply of strategic battery and energy metals.

Verified company data

Cash position
$0M
Shares outstanding
0
Fully diluted shares
0
Mineral resource
In February 2025, an updated Mineral Resource Estimate was released upgrading 47% of previous Indicated resources from the model in December 2022, to Measured resources. TLC currently hosts 6.17 Million Tones (“Mt”) in Lithium Carbonate Equivalent (“LCE) in Measured Resources, 2.39 Mt LCE in Indicated Resources and 1.44 Mt LCE in Inferred Resources. The resource block model has been further refined, increasing the confidence of the TLC resource. The vast majority of resources used in the 2024 PEA Mine Plan are now within the more reliable Measured Resource footprint. The updated MRE was completed by Stantec Consulting Services Inc. of Salt Lake City, UT and is based on an additional 44 drill holes drilled since the previously filed January 2023 MRE.
Projects
["TLC LITHIUM PROJECT (\"TLC\"), NEVADA\n\nProject Overview\n\nThe TLC Project is a near-surface “Made in America” lithium deposit – one that is amenable to low-cost, sustainable mining methods. Studies show that no protected plant or wildlife species are impacted by our operations.\n\nThe project itself is also located near the regional hub and county seat in the town of Tonopah, Nevada. Logistics (paved roads, power, etc.) are superior for development and water resources are not constricted as at Clayton Valley.\n\nIn February 2025, the Company announced an updated Mineral Resource Estimate (“MRE”) that significantly increased the contained lithium resources for the TLC project. This MRE was completed as part of the process of compiling the maiden preliminary economic assessment and was incorporated into the Mine Plan within the maiden PEA, which was released on February 1st, 2023\n\nTLC currently hosts 6.17Mt lithium carbonate equivalent (LCE) measured resources, 2.39Mt LCE indicated resources and 1.44Mt LCE inferred resources.\n\nProject Highlights\n\n3.8 Years Payback\n\nNPV (8%), Base Case\n\n$0B\n\nIRR 27.5% (after-tax using USD$20k/t Li2Co3 selling price)\n\nLow CapEx\n\nInitial Capital\n\n$0M\n\nHigh Cash Flow\n\nLife of Mine (LOM)\n\n$0B\n\nUS$396M average annually\n\nRobust PEA: Base Case Economics\n\n- **After-tax NPV8:** $3.26 B at $20,000/t LCE\n- **After-tax IRR:** 27.5%\n- **After-tax payback:** 3.8 years\n- **After-tax cash flow:** $396 M\n- **Initial CapEx:** $819 M, **Total CapEx:** $1431 M\n- **OpEx:** Estimated at $7443/t LCE inclusive of power credits\n- **PEA mine plan produces** 1.46 Mt LCE over 40 years.\n- Average LOM production of ~ 38,000tpa LCE for 40 years\n- Scalable, 40-year mine life producing battery-grade lithium carbonate (“Li2CO3”)\n\nRobust PEA: Alternative Case Economics with Magnesium By-Product\n\n- Identical LCE production, added LOM average production of 1,681,856 tpa of magnesium sulfate (“MgSO4” – monohydrate and heptahydrate) by-products\n- **After-tax NPV8:** $5.16 B at $20,000/t LCE & $150/t MgSO4\n- **After-tax IRR:** 36.0%\n- **After-tax payback:** 3.7 years\n- **After-tax cash flow:** $591 M\n- **Initial CapEx:** $827 M, **Total CapEx:** $1439 M\n- **OpEx:** Estimated at $7443/t LCE inclusive of power credits; estimated at $817/t LCE, inclusive of power & MgSO4 credits.\n- **PEA mine plan produces** 46 Mt LCE and 64.9 Mt MgSO4 over 40 years.\n\n5,062 Ha Expansive Project, Near-surface Deposit\n\n3.5hrs drive to Tesla’s giga-factory\n\nSupportive government and local communities\n\nBaseline studies have confirmed no species or habitat protected under the Endangered Species Act are present within the Project Area\n\nEnvironmental Advantages\n\n## No Water Issues\n\n- Entire resource above the water table\n- No groundwater, run-off or watershed issues\n- Water rights secured\n\n## No Endangered Species\n\n- Baseline studies have confirmed no species or habitat protected under the Endangered Species Act\n\n## Low Deleterious Elements\n\n- Low mercury, low arsenic, low radioactivity (uranium)\n- Low contaminants in waste material\n\n## Life Cycle Assessments\n\n- Minviro Sustainability Consultants to provide life cycle assessments for the production of battery grade lithium, focusing on minimizing environmental impacts.\n\nProcessing Advantages\n\n## Simple Lithium Upgrading\n\n- Gravity separation upgrades lithium\n- Achieved results up to 1300→ 2200 ppm\n\n## Unique Claystone Characteristics\n\n- Near surface, easy to mine, highly leachable\n- Lithium is weakly bound to the clays\n\nMineral Resources\n\nIn February 2025, an updated Mineral Resource Estimate was released upgrading 47% of previous Indicated resources from the model in December 2022, to Measured resources. TLC currently hosts 6.17 Million Tones (“Mt”) in Lithium Carbonate Equivalent (“LCE) in Measured Resources, 2.39 Mt LCE in Indicated Resources and 1.44 Mt LCE in Inferred Resources.\n\nThe resource block model has been further refined, increasing the confidence of the TLC resource. The vast majority of resources used in the 2024 PEA Mine Plan are now within the more reliable Measured Resource footprint. The updated MRE was completed by Stantec Consulting Services Inc. of Salt Lake City, UT and is based on an additional 44 drill holes drilled since the previously filed January 2023 MRE.\n\nLocation\n\nThe TLC claims are located 6 miles northwest of Tonopah in Big Smoky Valley, which is best known for hosting a large solar power plant. TLC’s proximity to Tonopah offers ready access to paved roads, electricity, water and skilled labor. The region is a center of epithermal mineralization that produced 138 million ounces of silver, as well as considerable molybdenum output too.\n\nHistory\n\nTonopah is an unincorporated town and county seat of Nye County, Nevada, United States. It is located at the junction of U.S. Routes 6 and 95, approximately midway between Las Vegas and Reno. It is home to the second-richest silver strike in Nevada history and was explored extensively since the early 1900s.\n\nThe TLC project is a new lithium claystone discovery located to the northwest just outside of Tonopah."]
Leadership
Alex Tsakumis (Chief Executive Officer and Director, Over 30 years of experience in capital markets and mining. Formerly VP of Investor Relations for several mining companies.), Dr. Laurence Stefan (President, Chief Operating Officer and Director, Over 30 years in the mining industry, founder of Plateau Energy Metals, extensive project experience.), Gregory Barbier (Chief Financial Officer, Over 15 years in financial reporting and planning, previously VP Finance at mining companies.), Ted O’Connor (Executive Vice President, Professional geoscientist with over 30 years in exploration, involved with Plateau Energy Metals and Cameco.), Ulises Raul Solis Llapa (General Manager, Peru Operations, Accomplished mining lawyer with extensive experience in the industry and strong local relationships.), Angel Lino (US Operations, 22 years of experience in mining operations, known for operational coordination and process improvement.), Emily Ketchen (Corporate Secretary, Over 9 years in capital markets, specializes in corporate governance and shareholder engagement.), Augusto Cauti (Strategic Advisor (Peru), Former Deputy Minister of Mines of Peru, experienced in business relations and market access.)

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