https://www.miningweekly.com
PROJECT|Projects
PROJECT|Projects
project|projects

American Lithium’s 51% stock bounce has CEO upbeat on year

20th January 2023

By: Bloomberg

  

Font size: - +

American Lithium’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, Ioneer and Piedmont Lithium 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,” CEO 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.

Edited by Bloomberg

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.729 0.766s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: