American Lithium Reports Breakthrough Upgrading TLC Lithium Claystone Achieving 66% Lithium Grade Increase
March 23 2021 - 6:00AM
American Lithium Corp. (TSXV: LI) (OTCQB: LIACF)
(Frankfurt: 5LA1) (“American Lithium” or the “Company”), a
leader in the acquisition, exploration and development of lithium
projects, reports the results of the latest independent laboratory
testing to beneficiate samples from its Tonopah Lithium Claims
(“TLC”) project which achieved a 49% mass reduction while
increasing lithium grade by 66%. Subsequent leach testing extracted
96% of the lithium from upgraded samples.
As previously announced on May 7, 2020, American
Lithium has successfully shown the ability, under laboratory
conditions, to extract lithium utilizing sulfuric acid leaching on
samples of the Company’s TLC claystones at extraction rates of 90%
in as little as 10 minutes.
The Company has continued to build on these
results by utilizing researchers at Lawrence Berkeley National
Laboratory (LBNL) and then corroborating and expanding the LBNL
findings utilizing McClelland Laboratories in Sparks, Nevada.
Utilizing a centrifuge, technicians were able to concentrate
lithium to grades as high as 2207 ppm and then extract up to 96% of
the lithium in the upgraded fraction while utilizing 45% less
sulfuric acid per unit of lithium extracted compared to previous
testing. The beneficiated fraction contained 78.5% of the lithium
in 51% of the mass; providing overall lithium extractions of 75%
and a greatly improved economic outlook due to the reduced acid
consumption and higher lithium grade in the leachate solution.
Further verification of this process was
completed by SGS Laboratories of Lakefield, Ontario, wherein SGS
confirmed similar upgrading, with statistically similar results,
using hydro cyclone technology. In comparison to the laboratory
scale centrifuge testing at McClelland labs, the use of hydro
cyclone separators at SGS illustrates the potential to implement
this process on an industrial scale.
CEO Mike Kobler states “Upgrading the lithium in
our claystones using relatively simple physical processing has been
a goal of ours from the beginning. Concentrating our claystones to
higher grade lithium content will significantly reduce costs
including energy and chemical use while minimizing environmental
impacts. This truly is a game changer for us.”
While further process work and optimization is
required and ongoing, this breakthrough provides direction to the
overall process development and is a further step toward the
successful production of battery grade lithium chemicals from the
TLC claystones.
Market Awareness Program
Pursuant to American Lithium’s ongoing strategy
to continue to raise its profile in the United States with all
interested stakeholders in the TLC project and the Company’s other
initiatives, and to generate a greater following among United
States investors, the Company confirms that it has entered into a
new service agreement with Promethean Marketing, of Annapolis,
Maryland in the United States (“Promethean”). Promethean continues
to provide ongoing marketing services including content creation
and distribution and market awareness campaigns.
The contract is ongoing and can be terminated by
either party serving appropriate notice. The launch of market
awareness campaigns is dependent upon market conditions,
developments in the Company and available financial resources with
timing and budgets to be agreed in advance. At this time, no
market awareness campaigns have yet been planned or budgeted
pursuant to this agreement.
About American Lithium
American Lithium is actively engaged in the
acquisition, exploration and development of lithium deposits within
mining-friendly jurisdictions throughout the Americas. The
company is currently exploring and developing the TLC lithium
project located in the highly prospective Esmeralda lithium
district in Nevada. TLC is close to infrastructure, 3.5 hours
south of the Tesla Gigafactory, and in the same basinal environment
as Albemarle’s Silver Peak lithium mine and several advancing
deposits and resources, including Ioneer Ltd.’s (formerly Global
Geoscience) Rhyolite Ridge and Cypress Development Corp.’s Clayton
Valley Project.
The metallurgical testing information reported
herein was reviewed by Jared Olson, Metallurgist and VP Operations
McClelland Labs, a qualified person under National Instrument
43-101.
Please watch our corporate video at
https://www.americanlithiumcorp.com and review our informative
short project update videos and related background information
at https://www.americanlithiumcorp.com/projects/tlc-nevada/.
For more information, please contact the Company
at info@americanlithiumcorp.com or visit our website
at www.americanlithiumcorp.com. Follow us
on Facebook, Twitter and LinkedIn.
On behalf of the Board,
American Lithium Corp.Michael
Kobler, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking
statementsStatements in this release that are
forward-looking information are subject to various risks and
uncertainties concerning the specific factors disclosed here.
Information provided in this release is necessarily summarized and
may not contain all available material information. All such
forward-looking information and statements are based on certain
assumptions and analyses made by American Lithium management in
light of their experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors management believes are appropriate in the
circumstances. These statements, however, are subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking information or statements. Important factors
that could cause actual results to differ from these
forward-looking statements include those described under the
heading “Risks Factors” in American Lithium's most recently filed
MD&A. The Company does not intend, and expressly disclaims any
obligation to, update or revise the forward-looking information
contained in this news release, except as required by law. Readers
are cautioned not to place undue reliance on forward-looking
information or statements.
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