Business
AMLM Expands Global Footprint with Strategic Acquisition of High-Grade Gold Projects in Canada and Tanzania
AMLM Expands Global Footprint with Strategic Acquisition of High-Grade Gold Projects in Canada and Tanzania.
About this update from American Lithium Minerals, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n AMLM Expands Global Footprint with Strategic Acquisition of High-Grade Gold Projects in Canada and Tanzania\r\n \r\n \r\n\r\n\r\nAMLM Expands Global Footprint with Strategic Acquisition of High-Grade Gold Projects in Canada and Tanzania\r\n\r\n\r\n\r\n\r\n\r\n\r\nCARSON CITY, Nev., Dec. 23, 2025 /PRNewswire/ -- American Lithium Minerals Inc. (OTCID: AMLM) (the \"Company\"), a growth-focused precious metals exploration and development company, today announced it has entered into letters of intent to acquire two high-potential gold projects — one located in a prolific mining district in Canada and the other in a proven gold belt in Tanzania.\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\nThe acquisitions mark a significant milestone in American Minerals' strategy to diversify its asset base across tier-one and emerging mining jurisdictions, positioning the company for accelerated resource growth and long-term shareholder value creation.\r\n The company has entered into a Letter of Intent with Aurum Excalibur Ventures Limited to acquire an 18% interest in the Sangambi Gold Project which represents a significant exploration and development asset within Aurum Excalibur Ventures Limited's portfolio. The project has a NI43-101 technical report based on the Mineral Resources of the Sangambi Gold Project in Mbeya. The estimates from the report indicate a mineral resource of 1.2 Moz-Au at an average grade of 2.0 g/t.\r\n The acquisition price is based on a valuation of $23/oz of gold in the ground.\r\n The Sangambi Gold Project offers significant potential for gold extraction and economic development. With its strategic location, geological characteristics, and estimated mineral resources, it presents an attractive opportunity for investors and stakeholders looking to capitalize on the region's mineral wealth Aurum Excalibur Ventures Limited is actively engaged in the acquisition, exploration, and development of gold projects across high-potential West African terrains. Its operations extend to projects where their technical teams implement systematic exploration programs, including drilling, geophysical surveys, and metallurgical assessments.\r\n The company has also entered into a Letter of Intent with 50 Mile Mining Corporation to acquire a 49% interest in the company for AMLM preferred shares The compan...