#None #Carson City #Golden Triangle #American Lithium #Cunningham Mining

American Lithium Minerals, Inc. Acquires New Stake in Cunningham Mining Ltd

American Lithium Minerals, Inc. (OTCID: AMLM), an innovative exploration and development company, has recently made headlines with the announcement of acquiring a 19% interest in Cunningham Mining Ltd, which is based in British Columbia, Canada. This acquisition is a strategic move that is expected to significantly enhance the company’s growing portfolio in the high-value mineral and rare earth elements sector.

Details of the Acquisition

Cunningham Mining Ltd holds ownership of Placer Claims known as the ''Nugget Trap,'' which covers 573.7 acres and is included in the British Columbia Mineral Title registry. This property is strategically located within the Skeena Mining Division of British Columbia, a region recognized for its mineral richness often referred to as BC's Golden Triangle. The recent independent assay from a 25-pit test program indicated an impressive average of over 25.54 grams of gold per cubic meter of pay, along with notable silver deposits. The area is permitted for a substantial mining operation of 30,000 cubic yards per year, supported by the British Columbia Ministry of Mines.

The Golden Triangle is experiencing renewed interest driven by a recovering gold market and notable advancements in mining infrastructure. One prime example includes the Seabridge's KSM Project, one of the world's largest undeveloped gold deposits, located nearby the Nugget Trap. The Preliminary Feasibility Study (PFS) indicates substantial proven and probable reserves of 38.8 million ounces of gold and 10.2 billion pounds of copper, making this acquisition a potentially lucrative one for AMLM.

Leadership Changes

American Lithium Minerals, Inc. has also announced an essential leadership change, appointing Ryan Cunningham as the new President and Chief Executive Officer of its wholly-owned subsidiary, American Mineral Resources, Inc. Cunningham brings substantial operational expertise in mining, land development, and resource management to his new role, alongside a proven history of transforming early-stage mineral projects into commercially viable endeavors.

Expanding Portfolio

The strategic acquisition of Cunningham Mining Ltd is part of AMLM’s broader strategy of developing a robust asset base that includes several significant projects across regions. Notable projects comprise:

• - La Grande Plata: A large-scale, high-grade silver project located in Chile.
• - Furano: A promising porphyry copper-gold project, also in Chile.
• - QC Rare Earth Project: Situated in Quebec, Canada.
• - Piscau-North: A polymetallic gold project located in Quebec.
• - Couture Copper: Another project position in Quebec.
• - Cheryl Creek: A gold project based in the Yukon, Canada.

In addition to these, the company is working on the Sarcobatus Lithium property, which encompasses about 1,780 acres of mining claims situated in Central Nevada. The company is keen on broadening its exploration and acquisition approaches for mineral properties on a global scale to further boost its portfolio.

Future Vision

American Lithium Minerals, Inc. is an exploration-stage company dedicated to sourcing crucial metals such as gold, lithium, rare earths, cobalt, and nickel, positioning itself strategically as a driver in the evolving landscape of energy-related commodities. The company aims to transition itself by embracing commodity acquisition and tokenization as part of its future strategy, targeting the potential tokenization of real-world assets across mining sectors.

This acquisition signifies a vital step in AMLM's strategic advancements, as the market for critical minerals only continues to grow in importance given the global emphasis on energy transition and sustainable resources. With these ongoing developments, AMLM is clearly poised to emerge as a significant player in the mining industry.