American Lithium Summarizes 2018 Achievements and Early 2019 Outlook
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
TSXv
OTCQB
FRANKFURT
│ Li
│ LiACF
│ 5LA
American Lithium Summarizes 2018 Achievements and Early 2019 Outlook
Vancouver, B.C., December 19, 2018 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt:
5LA; ) (“American Lithium” or the “Company”) is pleased to report on the conclusion of a successful year
in the in the Company’s continued exploration and development of its sediment hosted lithium projects
at the FLV Project in Fish Lake Valley and the nearby TLC Project near Tonopah, Nevada. Due to rising
interest in Nevada lithium and particularly sedimentary hosted lithium clay and claystone deposits as
demonstrated by Lithium America’s Thacker Pass and Ioneer Ltd.’s (formerly Global Geoscience’s )
Rhyolite Ridge projects, American Lithium anticipates increased attention and development in 2019.
At its Fish Lake Valley project the Company completed 19 kilometers of seismic survey, two stratigraphic
drill holes, and gravity survey infill work. This effort has defined an integrated geophysical basinal model
that indicates the depth and thickness of claystone sedimentary parcels with the potential to host
significant lithium mineralization at shallow depths.
As a result, the Company elected to expand the FLV Project holdings by optioning and staking additional
claims to the north and north east on highly prospective ground. Initial research into the new claim area
resulted in the identification of outcropping lithium claystones with historic assays of up to 9 30 ppm Li
and 500 ppm B. These values are comparable with the results seen at Ioneer Ltd.’s Rhyolite Ridge project
in what appears to be a contiguous claystone unit located to the south o f the American Lithium claims.
Recent testing with a LIBS in-field analytical instrument (defined below) confirmed grades averaging over
1,000 ppm lithium on samples in the same zone (see News Release dated December 12, 2018).
American Lithium has also leveraged its basin modeling and understanding of lithium claystone targets
to secure the 1,550-acre TLC Project just a 30 minute drive to the east.
Initial work on the TLC project has confirmed the grade and extent of the lithium mineralization and
already resulted in th e staking of additional claims. The TLC pro ject is located close to the town of
Tonopah, with logistics support, power and several options for water supply. The terrain is flat lying with
a thin layer of sed iments on top of the claystones, allowing for low stripping ratios to access the
mineralized claystones for exploration and potentially future production.
Looking ahead to 2019 , American Lithium has secured a drill permit for the FLV Project and has applied
for a similar permit at TLC . The Company has secured and tested its SciAps Inc. Z300 Laser -induced
breakdown spectroscope (“LIBS”), which allows operators to prospect for lithium with real time assays in
the field and quickly separate moderately mineralized claystones from potentially ec onomic lithium
claystones. The C ompany is also evaluating leachability of selected lithium enriched claystones and
expects to report initial results early in 2019. Company employed as well as independent consultants have
been tasked with evaluating potential processing requirements.
2
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
Company CEO, Mike Kobler states “Exploration results in 2018 provided us with an exceptional basin
model at Fish Lake and great assays to vector in on as we look to developing claystone lithium resources
and to further demonstrate scale and leachability of the claystones. Our assessment and quick acquisition
of the TLC Project, which is now being expanded, has brought forward a second lithium claystone basin
that can be advanced rapidly. 2019 will be a watershed year for American Lithium in Nevada.”
The technical information within this news release has been reviewed and approved by Michael Collins,
P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.
About American Lithium Corp.
American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits
within mining -friendly jurisdictions throughout the Americas. The Company is currently exploring and
developing two projects, the FLV and TLC projects, in the highly prospective Esmeralda lithium district in
Nevada. These projects, within 30 miles of each other, are close to infrastructure, 3.5 hours south of the
Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak lithium mi ne and the
advancing deposits and resources, including Ioneer Ltd.’s Rhyolite Ridge and Cypress Development Corp.'s
Clayton Valley project. For more information, please contact the Company at
[email protected] or visit our website at www.americanlithiumcorp.com. Follow us on
Facebook, Twitter and LinkedIn.
On behalf of the Board,
American Lithium Corp.
Michael Kobler, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as th at term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Statements in this release that are forward -looking information are subject to various risks and uncertainties concerning the specific factors
disclosed here. Information provided in this release is necessarily summarized and may not contain all available material in formation. All such
forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of
their experience and perception of historical trends, current conditions and expected future developments, as well as other f actors management
believes are appropriate in the circumst ances. These statements, however, are subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from those projected in the forward -looking information or statements. Important
factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors”
in American Lithium's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the
forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reli ance on
forward-looking information or statements.