American Lithium Minerals Acquires 5 New Exploration Brine Projects in Nevada
HENDERSON, NV–(Marketwire – 01/05/10) – American Lithium Minerals, Inc. (OTC.BB:AMLM – News) www.americanlithium.com (the “Company”) announced today that it has entered into an agreement to acquire 5 grassroots exploration brine projects in Nevada from Gold Summit Corporation. Stated Hugh Aird, CEO and President of American Lithium Minerals, “We are extremely optimistic about the potential of these new properties, and in the fact that we continue to identify superior opportunities for potentially lithium rich properties.” Mr. Aird continued, “With the United States governments growing interest in domestic production of lithium being such an important component of their green energy plan, it will become more and more advantageous for us to control significant resources of this particularly important element.”
As a result of lithium-ion battery demand for hybrid-electric and electric cars, the increase in demand for lithium carbonate is expected to increase four-fold by 2017. High demand and low supply has already pushed lithium carbonate (Li2CO3) prices to US$6,600.00 per ton. There is currently only one producer of lithium carbonate in the United States; Chemetall’s Clayton Valley Operation. The Great Basin of the United States represents excellent potential for the discovery of new lithium brine deposits and American Lithium Minerals is well positioned for detection with both its current and five newly acquired projects.
