American Lithium Minerals Inc. (AMLM.OB)
American Lithium is a U.S.-based mineral exploration company focused on the development of lithium and boron resources in Nevada. The company’s key objective is to develop world-class lithium projects that will capitalize on surging demand for lithium-ion batteries, particularly for hybrid and electric vehicles.
The country’s green energy legislation and long-term energy policies depend on developing a vibrant, domestic lithium-ion battery manufacturing sector. The Borate Hills Project is the Company’s current primary focus, however it is also active in grassroots exploration for lithium deposits in the Great Basin of the United States with ten other highly prospective projects in Nevada and Utah.
Lithium is used for batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars, with the worldwide market for lithium batteries estimated at over $4 billion per year. Demand for lithium carbonate is expected to increase four-fold over the next decade as demand for of lithium-ion battery-powered hybrid-electric and electric cars rises. GM, Ford, Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and Mercedes-Benz have all announced plans to build Li-ion battery-powered cars and the demand for such vehicles is currently expected to increase five-fold by 2012. There is currently only one producer of lithium carbonate in the United States, Chemetall’s Clayton Valley operation Nevada. The Great Basin of the United States represents excellent potential for the discovery of new lithium brine deposits and American Lithium is well positioned for detection with its projects.
The hybrid frenzy is raging, suddenly thrusting lithium into the
profit spotlight… perhaps into the profit hall of fame.
Hitachi will supply lithium-ion batteries for GM’s hybrid vehicles in
2010 and then sharply raise production to meet surging demand for on
onslaught of new gas-electric cars. They’re going to need a lot of
lithium. And they’re not alone.
Besides GM’s critical introduction of its Chevy Volt…
o BMW plans to launch its remodeled lithium-ion (Li-ion) battery-
powered 750i luxury sedan to the Japanese in 2010. In 2009, BMW is
producing 500 all-electric MINI Es using Li-ion batteries.
o Toyota plans to launch plug-in hybrid Priuses with Li-ion batteries
later this year.
o Mercedes-Benz plans to launch its S400 Blue HYBRID with Li-ion battery
o Ford’s Escape plug-in hybrid is coming out in 2012.
o Nissan is set to put 65,000 lithium-ion batteries in car in 2010.
o The Testa Roadster… Chyrsler EcoVoyager… Dodge ZEO…
Jepp Renegade… Saturn’s Flextreme… all of them are using
Stimulus packages in the US and Europe are underway. The Advanced
Technology Vehicle Manufacturing Program for battery development gets
$25 billion and this massive cash jolt is igniting lithium-hungry
projects left and right.
o Metal Miner tells us, “Johnson Controls and Saft of France are
building a battery production facility in Michigan supported by $220
million of state aid in one form or another.”
o Privately, GE, ConocoPhillips, and Detroit Edison are said to be the
driving forces behind the $69 million raised by a lithium-ion battery
maker that just signed a deal to supply Chrysler with batteries.
o NASA just awarded a multi-million dollar contract to develop the
next-generation lithium-ion technology… for launching and operating
rovers, landers, astronaut packs, and other functions on the moon.
But first, everyone needs more lithium. Demand is off the charts. And that
brings us right back to American Lithium (AMLM). Buy this monster in the
Making Energy Investors Rich For 25 Years
John Myers grew up in the energy business. He earned a degree in geology
and over the last 25 years has written and edited some of the top
investment newsletters in North America.
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American Lithium (AMLM) could top them all!
Learn more at AmericanLithium.com