AMLM American Lithium Minerals Inc featured news, full reports, and detailed charts
American Lithium Minerals Inc (AMLM/AMLM.OB) Wrap Up:
American Lithium Minerals Inc., an early stage lithium exploration company, engages in the acquisition, evaluation, and development of lithium projects with a focus on the United States, Canada and South America. It has 100% interest in the Lithium Brine Project, which consists of four claim blocks comprising 16,000 acres in Esmeralda County, Nevada. The company was formerly known as Nugget Resources Inc. and changed its name to American Lithium Minerals Inc. on March 20, 2009. American Lithium Minerals was founded in 2005 and is based in Henderson, Nevada.American Lithium Minerals Inc. (AMLM:OTC Bulletin Board Market)
Snapshot of American Lithium Minerals Inc. (AMLM)
|
OPEN
$1.44
|
PREVIOUS CLOSE
$1.42
|
|
|
DAY HIGH
$1.58
|
DAY LOW
$1.43
|
|
|
52 WEEK HIGH
10/22/09 - $2.99
|
52 WEEK LOW
05/7/09 - $0.31
|
|
|
MARKET CAP
76.8M
|
AVERAGE VOLUME 3 mo
1.1M
|
|
|
DILUTED EPS TTM
--
|
SHARES OUTSTANDING
49.3M
|
|
|
AMLM Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
AMLM Top Compensated Officers
Executives, Board Directors
Key developments for American Lithium Minerals Inc. (AMLM)
Effective November 4, 2009, Judy Baker resigned as President, Chief Executive Officer and as a director of American Lithium Minerals Inc. It appointed Mr. Hugh Aird to the positions of President and Chief Executive Officer. Ms. Baker will remain as a consultant to the company. Mr. Aird, since 2004, has been the Vice-Chairman, North America, Business Development for Edelman Public Relations. Mr. Aird will now work closely with American Lithium Minerals management and the board of directors to help develop and execute the company's growth strategy.
American Lithium Minerals Inc. issued a corporate status report to all its shareholders and any interested parties. The company continues to look for acquisition opportunities. Hugh Aird, CEO of the company said: “We will continue to develop the properties under our control, while adding more geologic expertise, and will continue to search for properties and acquisitions that provide unique opportunities.”
American Lithium Minerals Inc. announced that it has signed a letter of intent to acquire the Green Energy lithium project in Utah. The project consists of mining claims covering an area of approximately 10 square miles (6,000 acres) and is 100% wholly-owned. High demand and low supply has pushed lithium carbonate (Li2CO3) prices to $6,600.00 per ton, lithium-ion battery demand for hybrid-electric and electric cars is expected to increase four-fold by 2017. Lithium occurs at the project over an extensive area with values as high as 1,700 ppm lithium (0.9% Li2CO3) in saturated brine. The brine was discovered in the 1960s when oil exploration wells encountered blow-outs drilling into Bed #31 of the Paradox Formation. The pressurized free-flowing brine interrupted drilling operations and was considered a nuisance, rarely chemically analyzed or flow-rate tested. Over twenty oil exploration wells have been drilled on the Green Energy project; five of these wells have analytical data for lithium.
AMLM Competitors
| Company | Last | Change | |
| No competitor information is available for AMLM. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | AMLM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 3,832.9x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
|
AMLM |
||
AMLM transactions
| Type Date |
Target |
|
Merger/Acquisition
November 5, 2009 |
Green Energy Lithium Project |
|
Private Placement
October 6, 2009 |
-- |
|
Private Placement
July 14, 2009 |
-- |
More Recent News About American Lithium Minerals Inc
More news for AMLM
AMERICAN LITHIUM MINERALS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors o
Show all filings for AMERICAN LITHIUM MINERALS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERICAN LITHIUM MINERALS, INC. 16-Nov-2009Entry into a Material Definitive Agreement, Change in Directors o Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All info...Click here to read the whole Article (external link)
American Lithium Minerals Inc. Issues Letter From the President
HENDERSON, NV--(Marketwire - 11/11/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) www.americanlithium.com (the "Company") -- My name is Hugh Aird, and I am the new CEO of American Lithium Minerals Inc. (OTC.BB:AMLM - News). It is my pleasure to issue this corporate status report to all our shareholders and any interested parties. In a very short period of time, American Lithium Minerals has garnered an exceptional amount of attention from the investment community due to our positioning in the emerging lithium sector. We have begun execution of a business plan that we believe should lead us to a dominant position in the discovery and production of Lithium. Lithium demand driven mainly by the escalation in production of hybrid-electric and electric cars, is expected to increase four-fold by 2017. Additionally, the price for this very rare commodity has risen dramatically in the last year as the world wide supply/demand status approaches severe levels. This is the opportunity American Lithium Minerals is now positioned to capitalize on; the following is a brief rundown of recent events that have pu...Click here to read the whole Article (external link)
American Lithium Minerals Signs Letter of Intent to Acquire Premier Lithium Property in Utah
HENDERSON, NV--(Marketwire - 11/05/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) www.americanlithium.com (the "Company") announced today that it has signed a letter of intent to acquire the Green Energy lithium project in Utah. The project consists of mining claims covering an area of approximately 10 square miles (6,000 acres) and is 100% wholly-owned. High demand and low supply has pushed lithium carbonate (Li2CO3) prices to US$6,600.00 per ton, lithium-ion battery demand for hybrid-electric and electric cars is expected to increase four-fold by 2017. Lithium occurs at the project over an extensive area with values as high as 1,700 ppm lithium (0.9% Li2CO3) in saturated brine. The brine was discovered in the 1960s when oil exploration wells encountered blow-outs drilling into Bed #31 of the Paradox Formation. The pressurized free-flowing brine interrupted drilling operations and was considered a nuisance, rarely chemically analyzed or flow-rate tested. Over twenty oil exploration wells have been drilled on the Green Energy project; five of these wells have analytical data for lithium. Below is a summary of this data:� Well Name Lithium (ppm) Gallons Per Day WC No.2 1,700 491,000 SNG No.1 500 Adjacent to WC No.2 KO No.2 173 3 M...Click here to read the whole Article (external link)
American Lithium Minerals Appoints Chris Hobbs, CA, to the Position of CFO and as a Member of the Board of Directors
HENDERSON, NV--(Marketwire - 11/03/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) (the "Company") announced today the appointment of Mr. Chris Hobbs, CA, to the position of CFO and as a member of the Board of Directors. Stated Matthew Markin, Chairman of the Board for American Lithium Minerals: "We are extremely pleased to welcome Chris Hobbs to our growing company. His expertise in both the mining sector and mergers and acquisitions will be a tremendous asset as we continue the execution of our plan to be a dominant player in the domestic lithium and rare earth minerals arenas."Chris Hobbs, CA, will lead the finance team at American Lithium Minerals with a focus on mergers and acquisitions. Since leaving KPMG LLP Chartered Accountants, Mr. Hobbs has held numerous Chief Financial Officer Positions in both the public and private sectors and has had extensive experience in the investment banking sector. Mr. Hobbs is a co-founder of Pine Point Capital Advisors Inc. Pine Point specializes in providing financial advisory and mergers and acquisition services to companies in the mining and technology sectors. Prior to Pine Point, Mr. Hobbs was a member of the corporate finance team at Becher McMahon Capital Markets and Continua Capital Inc. where he focused on the investment banking and mergers and acquisitions services provided by the firms. Mr. Hobbs is a member of the Chartered Accountants of Ontario and holds a Bachelor of Business Administration Degree from the Schulich School of Business at York University....Click here to read the whole Article (external link)
American Lithium Minerals Joins the "AGORACOM 100" and Launches Online Investor Relations Program
HENDERSON, NV--(Marketwire - 10/29/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) -- (the "Company") is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders. ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANYIn response to overwhelming data representing the online research and communications habits of small-cap investors, American Lithium Minerals has turned the primary focus of its investor relations to the web via AGORACOM to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.Effective October 29, 2009, a customized and monitored American Lithium Minerals IR HUB will be available on AGORACOM at (http://agoracom.com/ir/americanlithium). The IR HUB will allow American Lithium Minerals to communicate with all investors simultaneously...Click here to read the whole Article (external link)
Skymark Research Initiates Independent Research Coverage on American Lithium Minerals Inc.
Skymark Research Initiates Independent Research Coverage on American Lithium Minerals Inc. - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; ...Click here to read the whole Article (external link)
AMERICAN LITHIUM MINERALS, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for AMERICAN LITHIUM MINERALS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERICAN LITHIUM MINERALS, INC. 13-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for ...Click here to read the whole Article (external link)
American Lithium Minerals Appoints Top Lithium Industry Executive, Ms. Judy Baker as President and CEO
HENDERSON, NV--(Marketwire - 10/08/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) (the "Company") is pleased to announce that its Board of Directors today appointed Ms. Judy Baker as President and Chief Executive Officer of the Company, effective immediately. As part of the appointment, Ms. Baker will also be joining the Board of Directors. Ms. Baker will replace Mr. Matthew Markin as President. Mr. Markin who will continue as the Chairman of the Board of Directors commented, "We are extremely pleased that Ms. Baker has chosen American Lithium Minerals. Her successful track record and years of know-how will definitely accelerate our developmental time lines," Mr. Markin continued, "Judy's experience in building and positioning mining/mineral exploration companies and her knowledge of the world wide lithium industry will be an enormous benefit to executing our initiative to become a major participant in the lithium and rare earth minerals industry."Ms. Baker has a long and successful track record in the mining/mineral exploration business and associated equity markets. Most recently Ms. Baker was the President, CEO and a director of Canada Lithium Corp., Ms. Baker was instrumental in restructuring the company and strategically positioning it into the forefront of the international lithium business. During her 20-month tenure the company's market cap grew from $5 million to over $30 million, an over 600% increase. Ms. Baker stated, "I am very pleased to join the incredible team here at American Lithium Minerals,...Click here to read the whole Article (external link)
AMERICAN LITHIUM MINERALS, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities
Show all filings for AMERICAN LITHIUM MINERALS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERICAN LITHIUM MINERALS, INC. 7-Oct-2009Unregistered Sale of Equity Securities Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for info...Click here to read the whole Article (external link)
American Lithium Minerals Inc. Announces the Closing of Private Placement
HENDERSON, NV--(Marketwire - 10/06/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) (the "Company") is pleased to announce that it has completed a private placement of 740,740 Units of its securities to institutional and accredited investors and non U.S. persons for aggregate gross proceeds of $1,000,000 at an offering price of $1.35 per Unit. Each unit consists of (i) one share of common stock of the Company and (ii) a common stock purchase warrant to purchase one and half share of common stock, exercisable for a period of two years at an exercise price of U.S. $1.50 per share. About American Lithium MineralsAmerican Lithium Minerals Inc. is an early stage lithium exploration company engaged in evaluating, developing and acquiring lithium projects, with a focus on the USA.Forward-Looking StatementsThis current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the entry into of a definitive option agreement with GeoXplor in regards to the claims situated on the Montezuma Peak in Esmeralda County, Nevada, of our ability to make any required payments in regards to the claims and option agreement as they become due.Actual results could diffe...Click here to read the whole Article (external link)
