What is going on with LIACF?
American Lithium Corp. (LIACF) stock rose today after the company provided details of a recent breakthrough on process development at its Tonopah Lithium Claims Project (“TLC”) located close to Tonopah, Nevada. The company revealed that roasting TLC lithium bearing claystones with sulfate and chloride salts, followed by water leaching, resulted in 82% of lithium being extracted with a significantly lower impurity load as compared to acid leaching. Shares of LIACF increased 2.25% to $1.36 as of Tuesday at 11:48am.
What does this mean for American Lithium Corp.?
American Lithium's novel extraction method of water leaching is significant as it could eventually take the place of acid leaching, the current way to harvest lithium. Water leaching will be further investigated at both Hazen Research Inc. in Golden, Colorado and at Tecminne in Lima, Peru to ascertain which method is best from an economic and environmental perspective.
Dr. Laurence Stefan, COO of American Lithium, states, “The early success of roasting demonstrates once again the robust nature of the TLC lithium resource and its processing versatility. This new metallurgical approach opens the door widely to produce either lithium carbonate or lithium hydroxide or both from the TLC project. The extremely low level of impurities in the leachate provides many advantages over the successful sulfuric acid leaching technique that has been the focus to date."
Test work at Hazen has so far utilized non-upgraded TLC claystones. Additional work will also commence on mechanically upgraded TLC claystones with even better results anticipated.
LIACF has a Short-Term Technical Rank of 48. Find out what this means to you and get the rest of the rankings on LIACF!
American Lithium Corp is a Canada based exploration-stage company. Principally, it is engaged in the acquisition, exploration, and development of lithium deposits. The properties of the company include Colorado Property, Fish Lake Valley, Atlantis, Fish South Property, Gap Lode Claim Block Property, TLC Property, and Extinction Ridge Property.
