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AMLM Announces Strategic Acquisition of Potentially Major Silver and Copper Projects in Chile
AMLM Announces Strategic Acquisition of Potentially Major Silver and Copper Projects in Chile.
About this update from American Lithium Minerals, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n AMLM Announces Strategic Acquisition of Potentially Major Silver and Copper Projects in Chile\r\n \r\n \r\n\r\n\r\nAMLM Announces Strategic Acquisition of Potentially Major Silver and Copper Projects in Chile\r\n\r\n\r\n\r\n\r\n\r\n\r\nCARSON CITY, Nev., Jan. 8, 2026 /PRNewswire/ -- American Lithium Minerals Inc. (OTC: AMLM) (\"AMLM\" or the \"Company\"), a dynamic exploration and development company focused on high-value mineral assets, today announced the acquisition of two world-class projects in Chile: the La Grande Plata silver project and the Furano copper-gold porphyry project. These assets are being acquired from Aeramentum Resources Limited (\"Aeramentum\"), an Australian-based private exploration company, marking a significant expansion of AMLM's portfolio into the prolific Chilean mining belt.\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\nUnder the terms of the agreement, AMLM has secured exclusive options to acquire 100% ownership of both projects, leveraging Aeramentum's completed due diligence and exploration planning. The acquisition aligns with AMLM's strategy to diversify its holdings beyond lithium while targeting assets with near-term drill potential and strong upside in precious and base metals.\r\n The transaction contemplates the purchase of 100% of the projects for AMLM securities with provisions and additional contingent payments tied to defined discovery milestones. Initial option fees and quarterly rent payments will be assumed as part of the Definitive Agreement at closing.\r\n La Grande Plata: A Large-Scale, High-Grade Silver Project Located in the Andes of northern Chile, approximately 2.5 hours from the city of La Serena and just off a major highway, La Grande Plata is a high-sulphidation epithermal silver project with up to 10km of identified mineralized strike. Surface sampling has returned average grades of approximately 400g/t AgEq (173g/t Ag, 1.3% Cu, 0.5g/t Au, 1.7% Pb) across 6-8km of strike and over 0.5km vertical extent. Key highlights include:\r\n \r\n High-grade channel samples such as 9m @ 407g/t Ag, 4% Cu, 0.73g/t Au (703g/t AgEq) and 4m @ 497g/t Ag, 1.44% Cu, 0.35g/t Au (643g/t AgEq).\r\n Surrounded by major mining operations from companies like Codelco, Antofagasta, Barrick Gold, and Fortescue.\r\n Drill-ready with 39 permitted drill pads (4-5 already built),...