AMERICAN LITHIUM WKN: A2DWUX ISIN: CA0272592092 Kürzel: 5LA1 Forum: Aktien Thema: Hauptdiskussion

News https://www.stocktitan.net/news/LIACF/american-lithium-confirms-99-4-purity-lithium-carbonate-v51bjr60pfh2.html

News: American Lithium confirms 99.4% purity lithium carbonate precipitation after 97.7% lithium leach extraction and overall Li recovery of 88.1% at TLC - Maiden PEA to be announced shortly VANCOUVER, BRITISH COLUMBIA, January 9, 2023 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce results of confirmatory lithium leaching and lithium carbonate precipitation test work from Tonopah Lithium Claims (“TLC”) mineralization. The test work was completed at McClelland Laboratories in Reno, Nevada with lithium carbonate products analyzed at SGS Lakefield in Lakefield, Ontario. Similar expanded studies also continue at ANSTO in Australia. This test work supports the maiden Preliminary Economic Assessment (“PEA”) for the TLC project, which is in final phase of completion and expected to be released shortly. Highlights: (see Table 1 – TLC Lithium Carbonate Chemical Analysis and Calculated Purity and Figure 1 – Photograph of TLC Lithium Carbonate product, below) Sulfuric acid leaching TLC claystone mineralization achieved 97.7% lithium extraction with short 2-hour leach time; Overall lithium recovery of at least 88.1% from leach through primary lithium carbonate precipitation including lithium losses of only 4.7% during leachate neutralization, 4.9% during impurity removal and crystallization/washing steps; Calculated Lithium Carbonate (“LC”) purity of 99.4% based on ICP-MS/ICP-OES chemical analyses of TLC primary lithium carbonate product at SGS Lakefield analytical laboratories prior to any additional refining steps; LC product requires an additional process step in the flow-sheet to remove remaining impurities (Potassium – K; Calcium - Ca) and produce battery-grade LC or Lithium Hydroxide; PEA will reflect work done to date, but process optimization work will continue

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