VSA Capital Market Movers – American Lithium


VSA Morning Miner, 23/09/21

American Lithium (CVE:LI)

American Lithium (CVE:LI) has announced that its senior management including the CEO and General Managers of the respective operations met the newly elected President of Peru, Pedro Castillo as part of his visit to New York to participate in the UN General Assembly Summit.

It is a strong positive message from Castillo that he was prepared to meet the management team to discuss the company’s lithium and uranium assets and plans for development. His comments around the mining sector indicate that many of the election campaign comments were rhetoric and he confirmed a more pragmatic approach. The company have certainly indicated that they are comforted by the comments and are planning the next phase of drilling and development as a follow up.

With American Lithium’s focus on minimising its environmental impact and producing vital energy metals in a sustainable fashion, with a strong emphasis on community relations, it is easy to see why the President would want to be associated with the company.

We reiterate our Buy recommendation and C$6.95/sh. target price.

Oliver O’Donnell, CFA, Head of Research & Natural Resources Analyst | T: +44 (0)20 3617 5180 | E: [email protected]

Paul Renken, Senior Geologist | T: +44 (0)20 3005 5011 | E: [email protected]

VSA Capital Research | T: +44 (0)20 3005 5000 | E: [email protected]

VSA Capital Limited, New Liverpool House, 15-17 Eldon Street, London EC2M 7LD | www.vsacapital.com

This email is intended solely for the named recipient. It may contain privileged and/or confidential information. If you are not one of the intended recipients, please notify the sender immediately, and destroy this email: any disclosure, copying to any person or any action taken or omitted to be taken in reliance on this e-mail, is prohibited and may be unlawful. Any views expressed in this message are those of the individual sender, except where specifically stated to be the view of VSA Capital Limited, its subsidiaries or associates. Whilst all efforts are made to safeguard inbound and outbound emails, VSA Capital Limited and its subsidiaries or associates cannot guarantee that attachments are virus-free or compatible with your systems and do not accept any liability in respect of viruses or computer problems experienced.

VSA Capital Limited will use your personal information to administer your account in order to provide any products and services you have requested from us. Your personal information will be kept secure and will not be shared with any other party unless you provide consent to that effect.

VSA Capital Limited is Authorised and Regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.

The Company is registered in England with company number 2405923 at New Liverpool House, 15-17 Eldon Street, London EC2M 7LD.


Please enter your comment!
Please enter your name here