American Lithium selected as co-recipient of U.S. grant for US$4.5M lithium processing pilot plant

On March 4, American Lithium Corp.Asian Metal Copyright reported being selected by the U.Asian Metal Copyright reported being selected by the U.Asian Metal Copyright The funding is part of US government agencies' efforts to reduce American dependence on foreign supply of important critical minerals including battery metals required for American energy storage needs, including the electrification of the vehicle sector.Asian Metal CopyrightS.Asian Metal Copyright The grant provides funding to complete field demonstration of selective leaching, targeted purification, and electro-chemical production of battery grade lithium hydroxide precursor from US claystone deposits, and more specifically American Lithium's TLC Project, near Tonopah, Nevada.Asian Metal Copyright Department of Energy Advanced Manufacturing Office ("DoE"), with co-recipient American Battery Technology Company (formerly called American Battery Metals Corporation) ("ABTC") and another industry partner, to receive grant funding totaling 50% of the capital cost for a US$4.5 million lithium extraction/hydroxide pilot plant.

The grant provides funding to complete field demonstration of selective leaching, targeted purification, and electro-chemical production of battery grade lithium hydroxide precursor from US claystone deposits, and more specifically American Lithium's TLC Project, near Tonopah, Nevada. The funding is part of US government agencies' efforts to reduce American dependence on foreign supply of important critical minerals including battery metals required for American energy storage needs, including the electrification of the vehicle sector.

Specifically, this project will look to utilize ABTC's proprietary lithium extraction technologies to extract lithium from American Lithium's unique TLC claystone deposits. While the Company will proceed with its own initiatives to establish the best, commercially viable process for lithium extraction from TLC, it will concurrently take part in this DoE funded pilot project utilizing ABTC's technologies in combination with TLC claystone deposits.

.Asian Metal Copyright The funding is part of US government agencies' efforts to reduce American dependence on foreign supply of important critical minerals including battery metals required for American energy storage needs, including the electrification of the vehicle sectorAsian Metal Copyright