Sarcobatus Legal Settlement, Lithium Assay Results [Yahoo! Finance]
AMER LITHIUM MINERALS INC (AMLM)
Company Research
Source: Yahoo! Finance
concerning overstaking of 50 of its placer mining claims (1,000 acres) at Sarcobatus, Nye County, Nevada. Under the settlement agreement, the other claimholder is withdrawing its conflicting claims, resulting in unencumbered ownership of the AMLM Sarcobatus Lithium Project. As previously reported, an individual from Utah overstaked much of the Company's Sarcobatus claim block in 2022, well after the AMLM claims were staked in 2021. The conflicting claims were then leased by the Utah overstaker, along with many other claims, to a subsidiary of Loyal Lithium Ltd. Loyal Lithium was made aware of the situation and had done no drilling on the conflicting claims. The settlement avoids the need to pursue litigation, and clears the way for additional AMLM work at Sarcobatus. The Company was represented in this matter by Reno mining attorney Ross de Lipkau, Esq., of Robertson, Johnson, Miller & Williamson. Sarcobatus Lithium Project The AMLM Sarcobatus lithium property is located at Sc
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