American lithium announces positive preliminary economic assessment for tlc, base case – after-tax npv8% us$3.26 billion & after-tax irr of 27.5%

Vancouver, british columbia, feb. 01, 2023 (globe newswire) -- american lithium corp. (“american lithium” or the “company”) (tsx-v:li | nasdaq:amli | frankfurt:5la1) is pleased to announce the results of its maiden preliminary economic assessment (“pea”) for the tonopah lithium claims (“tlc”) project located in the esmerelda lithium district northwest of tonopah, nevada. this independent pea was completed jointly by dra global and stantec consulting ltd. (“stantec”) and demonstrates that the tlc project has the potential to become a substantial, long-life producer of low-cost lithium carbonate (“lce” or “li2co3”) with the potential to produce either battery grade lce or lithium hydroxide (“lioh”). the pea base case envisions an initial 4.4 million tonnes per annum (“mtpa”) processing throughput expanding to 8.8mtpa. the pea alternative case is identical, but with added production of high purity magnesium sulfate as a by-product over life of operations. unless otherwise stated, all dollar figures are in us currency.
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