American Lithium said a maiden Preliminary Economic Assessment (PEA) for the Tonopah Lithium Claims (TLC) project in Nevada has demonstrated its potential to become a substantial, long-life producer of low-cost lithium carbonate with the potential to produce either battery-grade LCE or lithium hydroxide. Completed jointly by DRA Global and Stantec Consulting, the PEA base case envisions an initial 4.4 million…
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American Lithium buys back final TLC Lithium royalty
American Lithium has entered into an agreement with Nevada Alaska Mining Co., an arms-length party, to buy back the remaining 1% gross overriding royalty on the miner’s TLC Lithium project, located northwest of Tonopah, Nev. “We are very pleased to have reached this agreement with the royalty holder to buy back this valuable royalty, which also ensures that the company…
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