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As a company poised for tremendous growth in the future, American Lithium Minerals (AMLM.OB) is focusing on one key element.
That element is lithium, the rechargeable battery of choice for cell phones , computers, hybrid-electric cars, and electric cars. Lithium is also used Lithium is used for batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. The domestic automotive industry must secure a lithium source to supply the next generation of hybrid-electric and electric vehicles. Over 60% of cell phones and 90% of laptops use lithium batteries. The worldwide market for lithium batteries is estimated at over $4 billion per year.
American Lithium’s primary asset is the high-grade Borate Hills property in western Nevada , one of the world’s premier known lithium deposits and ranked by previous operator US Borax as the second-largest boron deposit in the U.S. The Nevada location is strategic for the concentration of US manufacturing requiring lithium, including automobiles, power storage and consumer electronics, as well as a known mining state with excellent road, rail and power infrastructure.
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