American Lithium Reports Baseline Biological Survey Confirms No Endangered Species or Habitat At TLC
August 20 2020 - 9:00AM
American Lithium Corp. (TSXV: LI) (OTCQB: LIACF)
(Frankfurt: 5LA1) (“American Lithium” or the “Company”) a
leading lithium exploration and development operator is pleased to
report results from its Draft Baseline Biological Survey Report,
produced by EM Strategies of Reno, Nevada, for its flagship Tonopah
Lithium Claims (TLC) project near Tonopah, Nevada.
The survey, which examines the project area in
detail to document all species present, shows that “No species or
habitat protected under the ESA (Endangered Species Act) are
present within the project area.” This is a positive development
for American Lithium as it suggests the development of TLC can
continue and will not be threatening to vulnerable
species. Further, it allows for continuation of study and the
completion of the Plan of Operation (Environmental Assessment).
Michael Kobler, CEO of American Lithium, states
“We are delighted at this biological survey result. Our intention
was to produce this work early in the project to avoid any delays
or any showstoppers when we were further along. The results of this
survey have encouraged us to move forward knowing that since our
project doesn’t put any species at risk, we will have a simple path
forward towards environmental permitting and project development.
Our intention is become a sustainable, environmentally responsible
supplier of lithium for the North American battery manufacturing
market, and this survey is completely in alignment with that goal.
The next step will be the Cultural Survey.”
American Lithium has delivered the Notice to
Proceed to EM Strategies to begin the Cultural Survey, which is the
next major step in the permitting process.
Chemical Engineer Process Executive Appointed to Board
of Directors
American Lithium has appointed Mr. G.
A. (Ben) Binninger to its board of directors. Mr.
Binninger is a chemical engineer who brings a wealth of experience
in technology, processing, senior management and board roles during
a career spanning more than 35 years. Ben has held a
number of high-profile roles in a variety of sectors including
chemicals, mining, energy, materials, environmental and advanced
technologies.
Mr. Binninger has direct experience in lithium
and related minerals having been CEO of Potash Minerals and a
member of the advisory Board of Millennial Lithium. He has also
created sophisticated process and services businesses for global
leaders including Rio Tinto, ARCO and Hercules.
Ben will provide key strategic and process
development guidance for the TLC Lithium Project ("TLC") as it
continues to be de-risked and as the need for large-scale, domestic
lithium projects becomes more widely recognized.
Mr. Binninger holds an MBA from Harvard Business
School, where he attended on a Teagle Foundation
Fellowship, and BChE from Manhattan College where he
attended on a New York State scholarship.
Mr. Binninger states, “I am thrilled to join the
team at American Lithium where my experience and expertise can be
most helpful during this stage of accelerating process and plant
development. I have strong convictions on the need for domestic
lithium production to ensure sufficiency for one of the key metals
required for the rapidly growing battery market. I look forward to
contributing to success by fulfilling these needs.”
The Company also reports that Andrew Squires,
has resigned from the board of directors to pursue other interests.
American Lithium is grateful for the contributions of Mr. Squires
and wishes him well in his endeavors.
About the TLC PropertyThe TLC
sedimentary lithium discovery is an exploration and development
project located 12 kilometres northwest of Tonopah, Nev., and
easily accessible by paved highway. Work to date has identified a
5.3-million-tonne measured and indicated lithium carbonate
equivalent resource, with an additional 1.7 million tonnes
inferred, placing the Company's resource amongst a handful of
potential lithium deposits in Western North America capable of
development. TLC is near surface, relatively flat-lying and a
free-digging lithium sedimentary deposit that the company expects
to advance through an early-stage economic study in 2020. Just
south of the Crescent Dunes solar energy plant, the project is
favourably located for future production given the immediate access
to some of the cheapest electricity in Nevada.
About American Lithium
Corp.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 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 technical information within this news
release has been reviewed and approved by Bruce Kienlen, P.Geo., a
consultant to the Company and a qualified person under National
Instrument 43-101.
Please watch our corporate video at
https://www.americanlithiumcorp.com/our-company/ 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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