American Lithium (AMLI)

Jul 12, 2023Trade Ideas

American Lithium (AMLI) is another hot lithium opportunity to keep an eye on.

For one, its flagship project is the TLC lithium project, which covers about 5,000 acres, located in Nevada and the Falchani Lithium Project and the Macusani Uranium Project located in Puno, Peru. Two, the company just received the first of three permits from Peruvian authorities for drilling near Quelcaya, with drilling expected to start immediately. 

And, according to Simon Clarke, CEO of American Lithium, “This is a very significant development for the Company which validates recent supportive comments from the new government in Peru and enables us to target the discovery of new lithium mineralization on some of the best previously identified targets on the Macusani Plateau.”

Three, B. Riley initiated coverage with a Buy rating and $5 price target. The firm says both Falchani and TLC offer compelling long-term upside potential due to their “excellent scale, low-cost positions, and manageable capital requirements.”


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