American Lithium Minerals Inc. (OTC BB: AMLM.OB)
Last: $0.89
Change: +$0.03 (+3.49%)
Volume: 108,509
President Obama has some ambitious goals. One would put a million plug-in electric vehicles on the road by 2015. That’s going to require a lot of batteries and, given today’s technology, a lot of lithium. Where’s it going to come from?
This company may have the answer; they are acquiring some 138 lithium mining claims in Northern Nevada.
Demand for lithium will skyrocket as more and more hybrids roll down the assembly line. But current U.S. capacity to mine and process lithium is very limited, making supply vulnerable and subject to market speculation.
If the US goes in the direction of an alternative energy source, their claims could become very valuable. And if President Obama has his way, their stock could become very valuable!
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