American Lithium Corp. (TSX-V:LI) (OTCQB:LIACF) (Frankfurt:5LA1) is pleased to announce the highest lithium extraction results to date, achieving 97.4% extraction utilizing warm sulfuric acid leach on Tonopah Lithium Claims claystone mineralization.
Dr. Laurence Stefan, COO of American Lithium, stated, “We are pleased to have achieved the highest lithium extraction to date from TLC using simple sulfuric acid processing with almost the entire amount of lithium available extracted into sulfate solution. We continue to focus on optimizing the best process routes from both economic and environmental perspectives and, thereafter, to advance TLC through PEA towards future development.”
TLC Process Update
Process work has previously demonstrated that TLC claystones are amenable to rapid lithium extraction using warm sulfuric acid leaching, reaching 92% lithium extraction in 10 minutes. In addition, up to 82% lithium extraction has been achieved using salt roasting followed by water leaching (refer to previous news release, dated June 29, 2021). The latest test work run at TECMMINE achieved 97.4% lithium extraction into sulfate solution using H2SO4 at temperatures of 900C with 60-minute leaching.
Optimization test work will continue into Fall 2021 using all three potential process options: hydrochloric acid, sulfuric acid as well as salt roasting/water leaching. American Lithium is committed to producing a world class process to supply cost competitive lithium products in an environmentally sound manner.
Stock Option Grant
The Company also announces the granting, subject to regulatory acceptance, of 500,000 incentive stock options to an advisor / consultant of the Company. The Options have a term of 5 years and are exercisable at a price of $1.81 per common share.
Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical geological information contained in this news release.
About American Lithium
American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.
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We acknowledge the [financial] support of the Government of Canada.