- Write by:
-
Saturday, January 21, 2023 - 20:33:00
-
251 Visit
-
Print
Mining News Pro - American Lithium Corp.’s stock is experiencing a dramatic revival following its new US listing and a promise to update investors on its much anticipated Nevada project.
Shares have surged 51% since the start of the year, topping peers including Lithium Americas Corp., Ioneer Ltd. and Piedmont Lithium Inc. even as prices for the silvery white metal cool from the steep ascent in 2022.
“It makes me feel good, but I don’t spend every day watching the stock price,” Chief Executive Officer Simon Clarke, 57, said in a Tuesday interview at Bloomberg’s Toronto bureau. “We are trying to move forward and advance two very large development-stage projects.”
Clarke credits the stock bump to landing a Nasdaq listing this month and upbeat investor reaction on company plans to soon release more details of its TLC project in Nevada. The Vancouver-based explorer is developing projects in Peru and Nevada as demand for lithium soars. The CEO said he sees plenty of “positives” for the industry, driven by ongoing demand for battery metals and electric vehicles, that should bode well for American Lithium.
“As long as that happens and we continue to advance these projects and hit some milestones, I think we’ll do well,” he said.
Short Link:
https://www.miningnews.ir/En/News/622608
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
No comments have been posted yet ...