American Lithium Updates Activities at 22,323 Acre FLV Nevada Prospect
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
TSXv
OTCQB
FRANKFURT
│ Li
│ LiACF
│ 5LA
American Lithium Updates Activities at 22,323 Acre FLV Nevada Prospect
Vancouver, B.C., July 1 6, 2018 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA;
WKN: A2AHEL) (“American Lithium” or the “Company”) a company focused on the discovery and
development of lithium in the Americas, is pleased to provide its stakeholders with the following
corporate update.
The Company’s primary asset is its wholly owned FLV Project, lo cated in Fish Lake Valley, Nevada, and
consists of 22,332 acres of mineral claims highly prospective for li thium in brines, clays and clay stones.
Since 2016, American Lithium has been extensively engaged in the early exploration and evaluation of
the FLV P roject. A resurgence of interest in domestic US lithium production and increasingly cost -
effective development methods, are bringing increased interest in the region’s production potential. As
a result, the Company is stepping up development at the FLV Project.
In early 2018, management completed a $4.2 million financing to fund continued exploration and
development of the FLV Project. Subsequent to the financing, the Company acquired an additional
3,575-acre parcel in the valley, the Gap -Lode Project, com prising 167 claims, contiguous to the FLV
Project, and particularly prospective for lithium deposits in the resident claystones throughout the claim
area.
Highlights
Fully funded to complete an upcoming drill program on Fish Lake Valley lithium brine targets;
Land holdings increased to 22,332 acres following the acquisition of additional claystone
prospective ground within the basin;
Ongoing surface mapping and sampling indicating lithium clay stone targets more widespread;
Strong interest in Fish Lake Valley due to neighboring $550 million Rhyolite Ridge project
generating broad attention;
US Government establishes lithium as a strategic metal, emphasizing the importance of
domestic supply.
The valley’s prospectivity for lithium and boron is well know n since mining began there in the 1880s.
Surging lithium demand and rising prices, along with recent strategic metal status being declared by the
US Government and breakthroughs in lithium processing methods , have intensified investment focus
onto US domes tic lithium production. Principal among the Fish Lake Valley lithium deposits under
evaluation are lithium claystones, such as the Rhyolite Ridge project undertaken by Global Geosciences
Corp., which adjoins the FLV Project, and is responsible for Global Geosciences’ $550 million market cap.
2
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
To date, American Lithium’s exploration at the FLV Project includes:
drilled 200 shallow auger holes with results up to 300 ppm lithium in the brines;
sampled over 1000 ppm lithium in the surface playa sediments;
drilled 4 deeper boreholes, up to 490 feet, with increasing salinity;
developed and updated a detailed basin model based on over 2000 gravity stations;
integrated historical drilling by Lithium Corp, US Borax and Fish Lake geothermal into the model;
Information garnered from this early work has led the Company to model two potential lithium brine
pools in the FLV basin. In addition, the lithium rich claystones on the benches of Global Geoscience,
present as outcrops on the east, west and north flanks of th e Company’s ground. Based on this
information and a proprietary detailed geologic model, American Lithium is presently:
trenching, logging and mapping the lithium Claystone outcrops;
preparing to drill two to three 2000 foot stratigraphic drill holes in summer 2018;
preparing to complete a 12 mile 2D seismic and geophysics program;
investigating and negotiating water rights and geothermal workings;
In June, the Company began an integrated geologic and geochemic al study of the Gap -Lode project to
identify and prioritize target zones for auger sampling, trenching and drilling. Presently, Company field
crews are onsite surface trenching and mapping the extent of outcropping lithium claystones.
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.
In related news, American Lithium Corp. has recently updated its website and invi tes investors to
become more familiar with its affairs by viewing the site at www.americanlithiumcorp.com, or contact
us directly at [email protected].
On behalf of the Board,
American Lithium Corp.
Michael Kobler, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exc hange) 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 th is release is necessarily summarized and may not contain all available material information. 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 factors management
believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertaintie s 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
3
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
revise the forward -looking information contained in this news release, exc ept as required by law. Readers are cautioned not to place undue
reliance on forward-looking information or statements.