Friday, May 30, 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

American Lithium Launches $20.0 Million Private Placement

American Lithium Corp. (TSXV: LI) announced last night that it has entered into an agreement...

Thursday, October 14, 2021, 09:29:00 AM

Nemaska – Ugh, We May Need More Money

Today Nemaska Lithium (TSXV: NMX, NMX.W, OTCMKTS: NMKEF) announced in a news release the following:...

Wednesday, February 13, 2019, 10:51:01 PM

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

Neo Lithium To Be Acquired By Chinese Mining Firm Zijin In A $960 Million All-Cash Deal

Neo Lithium Corp. (TSXV: NLC) announced on Friday night that it has entered into a...

Tuesday, October 12, 2021, 09:29:00 AM

Lithium Americas: Production Start At Argentina Lithium Brine Project Delayed Until Mid-2022

In early March, Lithium Americas (TSX: LAC) reported its fourth quarter and full year 2020...

Tuesday, March 9, 2021, 04:10:00 PM