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The latest update is out from American Lithium ( (TSE:LI) ).
American Lithium has announced a significant update to its Mineral Resource Estimate for the Tonopah Lithium Claims project in Nevada, with a 47% increase in Measured Resources to 6.17 million tonnes of Lithium Carbonate Equivalent. This update enhances the resource confidence level and forms the core of the 2024 PEA Mine Plan, positioning the company strategically for an anticipated recovery in the battery metals market.
More about American Lithium
American Lithium Corp. operates in the mining industry, focusing on lithium exploration and development. The company is primarily engaged in advancing lithium projects to support the growing demand in the battery metals market.
YTD Price Performance: -27.56%
Average Trading Volume: 463,063
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $68.36M
Learn more about LI stock on TipRanks’ Stock Analysis page.