American Lithium adds vanadium opportunity to Nevada asset mix
Date: Jan 24, 2019
BEIJING (Asian Metal) 24 Jan 19 – On January 21, Canadian-based American Lithium Corp. announced that it extended its interest in the critical battery minerals sector by signing an agreement with Alaska Nevada Mining to purchase a 100% interest in the Extinction Ridge Vanadium Project. Pursuant to the agreement, and subject to regulatory approval, the Company will pay the vendor $100,000 (US$) and issue 250,000 common shares. The claims are subject to a 2% gross royalty with a 1% buyback for $1,000,000 (US$).
With a total of 52 claims, Extinction Ridge is 30 miles north of Eureka and 55 miles south of Carlin, Nevada, and about 6 west of Highway 278 on a County maintained road. The Extinction Ridge project lies in the middle of a north-south trend between Cornerstone Metals Carlin Vanadium project and Prophesy Development’s Gibellini Vanadium Project.
