Off-market insider buying at American Lithium (LI)

Off-market insider buying at American Lithium (V:LI)

Updated Tuesday May 11, 2021 02:53 AM EDT
Andrew William Bowering, CFO and Director, acquired 250,000 Common Shares on a direct ownership basis at a price of $2.000 through a private transaction on April 29th, 2021. The insider also acquired 125,000 Warrants with an exercise price of $3.000 until April 29, 2024. This represents a $500,000 investment into the company's shares and an account share holdings change of 12.2%.

American Lithium is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

American Lithium Corp., formerly Menika Mining Ltd., is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of lithium deposits throughout the Americas. It holds options to acquire Nevada lithium brine claims totaling over 20,790 acres, including over 18,550 acres in Fish Lake Valley, Esmeralda County, and the 2,240-acre San Emidio Project in Washoe County. Its Fish Lake Valley property is a Nevada desert basin. It is also engaged in the exploration, evaluation and development of resource properties. It holds interests in the Reliance property, which consists of approximately 977.7 hectares, located over 10 kilometers north of the Historic Bralorne Gold Mine and five kilometers east of the town of Goldbridge, British Columbia. The Reliance property has approximately five claims consisting of over 20 units and approximately two cells It holds interest in AVA Property, located at and to the east of the village of Criss Creek.


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