American Lithium Adds to Board of Directors and Advisors as it Positions TLC Discovery as Potential Key US Source of Critical...
25 June 2020 - 11:00PM
American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1)
(“American Lithium” or the “Company”), a leading lithium
exploration and development company, is pleased to announce the
appointment of Simon Clarke as a director of the Company and G.A.
“Ben” Binninger as Special Advisor to the Board.
Simon Clarke brings 25 years experience in
building companies and implementing successful capital markets and
growth strategies focused in mining, energy, and energy technology.
Most recently, Mr. Clarke was founder, CEO, and director of M2
Cobalt Corp. (cobalt / copper exploration in East Africa) which
sold to Jervois Mining Ltd. in June 2019.
Mr Clarke brings significant experience and
knowledge of the battery metals space and his roles with M2 Cobalt
and Jervois Mining involved managing government and stakeholder
initiatives relating to the supply of battery metals in a number of
jurisdictions. In particular, he has first-hand experience of the
critical minerals initiatives in the United States and the urgent
need to develop domestic sources of supply of critical minerals,
including battery grade lithium.
Mr Clarke was a co-founder of Osum Oil Sands
Corp. who, together with American Lithium CEO Michael Kobler, built
a company valued in excess of US$1 billion at its peak and which
currently produces 20,000 bopd. Mr Clarke remains a Board Observer
at Osum and is currently CEO of Apollo Gold Corp. He holds an LLB
and Diploma in Legal Practice from Aberdeen University,
Scotland.
Mr. G. A. (Ben) Binninger is a chemical engineer
who brings a wealth of experience in senior management and board
roles over a career spanning more than 35 years. Ben has held a
number of high-profile roles in a variety of sectors including
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 companies for global leaders such as Rio Tinto
and ARCO.
Mr Binninger will provide key strategic advice
as development of the TLC Lithium Project (“TLC”) continues to
evolve in line with continued de-risking 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 (NYC scholarship).
Michael Kobler, CEO of American Lithium, states
"We are delighted to strengthen our team with the appointments of
Simon and Ben as their experience is very relevant to our
initiatives at American Lithium.
The Covid-19 pandemic has shown ever more
clearly just how dangerous it is for US industry to remain so
dependent on China and other foreign jurisdictions for a number of
key minerals, including lithium. As we de-risk TLC, we believe the
locational, environmental, and operating cost advantages of our
deposit, especially when compared to a number of hard-rock and
brine lithium operators, will become more and more evident. We
intend to develop appropriate development strategies for TLC to
highlight locally, and at the Federal level, how well the project
fits into the Critical Minerals Initiatives.”
Investor Relations and Market Awareness
Programs
Pursuant to American Lithium’s plan to generate
a greater following amongst European investors, the Company has
engaged Clarkham Capital Ltd. to run market awareness programs
across various European platforms and the United States. Clarkham
has been paid a total of 100,000 euros to run its marketing
programs. In addition to Clarkham, American Lithium continues to
retain Promethean Marketing in the United States to provide
marketing services including content distribution and
advertising.
About the TLC Discovery
The TLC sedimentary lithium discovery is an
exploration and development project located 12 kilometers northwest
of Tonopah, Nevada, 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.
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.
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/.
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.
American Lithium (TSXV:LI)
Historical Stock Chart
From Apr 2024 to May 2024
American Lithium (TSXV:LI)
Historical Stock Chart
From May 2023 to May 2024