American Lithium Corp. (OTCMKTS:LIACF) jumped 28% in a week. Recently the company announced the highest lithium extraction reported to date with 97.4% extraction using warm sulphuric acid leach at the Tonopah Lithium Claims.
In addition, recent TECMMINE run TLC test operations in Lima, Peru, attained 97.4% extraction utilizing warm sulphuric acid leach, which is the highest in the company’s history. The company plans to continue optimizing current test work for the sulphuric acid route by changing leach time, temperature, acid concentration, particle size, and solid-liquid ratios. Notably, metallurgical operations in the Tonopah Lithium Claims claystone mineralization continues to show amenability of leaching with sulphuric acid at 900C, salt roasting followed by water leaching, and hydrochloric acid leaching.
The company’s COO, Laurence Stefan, said that they are pleased to have attained the highest lithium extraction so far to date from TLC utilizing sulphuric acid leaching. Laurence said that the company would continue to optimize the best process routes from an environmental and economic perspective and advance TLC via PEA to future development. So in the coming months, LIACF is worth watching.
Market Reaction:
On Friday, LIACF stock gained 5% at $2.31 with more than 959k shares, compared to its average volume of 544k shares. The stock has moved within a range of $ 2.0500 – 2.3400 after opening the trade at $2.12.
