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American Lithium Acquires 7,110 Acres over 2 Projects - Increases Nevada Lithium Brine Portfolio to over 20,000 Acres
American Lithium Acquires 7,110 Acres over 2 Projects - Increases Nevada Lithium Brine Por...
About this update from American Lithium Corp.
[{"type":"text","content":"\n\n\n\nAmerican Lithium Acquires 7,110 Acres over 2 Projects - Increases Nevada Lithium Brine Portfolio to over 20,000 Acres\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmerican Lithium Acquires 7,110 Acres over 2 Projects - Increases Nevada Lithium Brine Portfolio to over 20,000 Acres\nCanada NewsWire\nVANCOUVER, May 24, 2016\n\n\n\n\n\n\nAddition of 4,870 acre Colorado Project ‎to increase Fish Lake Valley lithium brine portfolio to 18,552 contiguous acres\n\n\nAddition of 2,240 Acre San Emidio Project 100 km NE of Reno - home to Tesla's Gigafactory, to increase total Nevada lithium brine portfolio to 20,790 acres\n\n\nCompany has assembled the largest contiguous land position in Fish Lake Valley, Esmeralda County, Nevada\n\n\nVANCOUVER, May 24, 2016 /CNW/ - American Lithium Corp. (TSXV: Li) (\"American Lithium\" or the \"Company\"), is pleased to announce that it has entered into an agreement to acquire all of the outstanding share capital of 1067323 B.C. Ltd. (\"1067323\"), an arm's-length privately-held British Columbia based mineral exploration company.  At the closing of the acquisition, the Company's total Nevada lithium brine portfolio will increase to 20,790 acres (8,413 hectares), including 18,552 contiguous acres (7,508 hectares) in Fish Lake Valley, Esmeralda County, and 2,240 acres (907 hectares) in Washoe County.\n\n1067323 holds the rights to acquire a series of 193 placer and 44 lode claims, over 4,870 acres (1971 hectares) in Fish Lake Valley, Esmeralda County, Nevada (the \"Colorado Property\").  Additionally, 1067323 holds the rights to acquire the San Emidio property (\"San Emidio Property\"), representing a series of twenty-eight (28) placer claims, over 2,240 acres (907 hectares) in Washoe County, Nevada.  The Company will issue 6,000,000 common shares to acquire all of the outstanding share capital of 1067323.\n\nAmerican Lithium CEO, Mike Kobler commented, \"In acquiring the Colorado and San Emidio properties, we have increased our Nevada portfolio of highly prospective lithium brine projects to over 20,000 acres.&...