Friday, September 12, 2025

Latest

American Lithium Receives US Government Grant For Lithium Processing Plant

American Lithium (TSXV: LI) has received a government grant related to the development of a lithium extraction and hydroxide pilot plant in Nevada from the US Department of Energy. The firm was a co-receipt of the grant, which was awarded to both the company as well as its partners, including American Battery Technology.

The grant will cover 50% of the capital cost associated with the firms proposed US$4.5 million lithium processing plant. The funds are to be used to complete field demonstrations of selective leaching, targeted purification and electro-chemical production of battery grade lithium hydroxide precursor.

Effectively, the funding is part of an initiative by the US government to reduce the reliance on foreign supply of critical minerals, which includes those metals used in battery metals for energy storage. The plant itself will be used to extract lithium from the firms TLC lithium claystone deposits, located near Tonopah, Nevada, while using the extraction tech provided by American Battery Metals.

American Lithium last traded at $2.93 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Fastmarkets Proposes US and Canada Lithium Price Assessments Post-IRA

The cross-commodity price reporting agency Fastmarkets, has announced a proposal to adjust its lithium price...

Tuesday, February 13, 2024, 03:01:00 PM

Noram Ventures Intersects 79 Metres Of 1130 PPM Lithium In First Hole At Zeus

Noram Ventures (TSXV: NRM) has finally received the first of its assays back from its...

Tuesday, December 15, 2020, 08:15:35 AM

Chile Moves To Nationalize Its Lithium Industry As Metal Continues To Freefall

On Friday, Chile’s President Gabriel Boric announced plans to nationalize the South American country’s lithium...

Saturday, April 22, 2023, 09:00:00 AM

Alpha Lithium: Momentum-Based Share Price Move May Not Be Justified by Fundamentals

Strong sales of electric vehicles (EV) this year, optimism for an even steeper future trajectory...

Monday, December 7, 2020, 11:51:20 AM

Cypress Development Acquires Water Rights In Clayton Valley

Cypress Development Corp (TSXV: CYP) has entered into a binding letter of intent to acquire...

Monday, May 10, 2021, 07:53:14 AM