HENDERSON, NV--(Marketwire - 11/11/09) - American Lithium Minerals Inc. (OTC.BB:AMLM - News) www.americanlithium.com (the "Company") -- My name is Hugh Aird, and I am the new CEO of American Lithium Minerals Inc. (OTC.BB:AMLM - News). It is my pleasure to issue this corporate status report to all our shareholders and any interested parties. In a very short period of time, American Lithium Minerals has garnered an exceptional amount of attention from the investment community due to our positioning in the emerging lithium sector. We have begun execution of a business plan that we believe should lead us to a dominant position in the discovery and production of Lithium. Lithium demand driven mainly by the escalation in production of hybrid-electric and electric cars, is expected to increase four-fold by 2017. Additionally, the price for this very rare commodity has risen dramatically in the last year as the world wide supply/demand status approaches severe levels. This is the opportunity American Lithium Minerals is now positioned to capitalize on; the following is a brief rundown of recent events that have put us in such an opportune situation.
�
-- 6/16/09 - announced closing to acquire interest of 16,000 acres in the
lithium-rich Montezuma Valley, Nevada.
-- 9/23/09 - announced starting work on Montezuma Valley project,
consisting of Gravity Survey and Electromagnetic Survey.
-- 9/29/09 - appointed Former Vice-Chairman of Merrill Lynch Canada, Mr.
Hugh Aird to head up Business Development and Mergers and Acquisitions for
the company.
-- 10/08/09 - appointed top Lithium Industry Executive, Ms. Judy Baker
-- 11/03/09 - appointed former KPMG executive Mr. Chris Hobbs, CA to
position of CFO
-- 11/05/09 - announced Letter of Intent to Acquire Premier Lithium
Property in Utah
-- In addition the company has also recently been added to the Byron
Securities Lithium Index and the Agoracom 100 list.
We have made a great deal of progress in a short period of time, and have put the people into place with the expertise that can assist American Lithium Minerals garner and maintain a leadership role in the lithium sector.
We will continue to develop the properties under our control, while adding more geologic expertise, and will continue to search for properties and acquisitions that provide unique opportunities. I thank you for your interest in and support of American Lithium Minerals Inc., please visit our website at www.americanlithium.com and/or call our investor relations department at 877-717-2656.
Sincerely,
Hugh Aird
CEO-American Lithium Minerals, Inc.
About American Lithium Minerals
American Lithium Minerals Inc. is an early stage lithium exploration company engaged in evaluating, developing and acquiring lithium projects, with a focus on the USA.
Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, future prices for lithium carbonate (Li2CO3), that lithium-ion battery demand for hybrid-electric and electric cars is expected to increase four fold by 2012, that demand for lithium-powered vehicles is expected to increase fivefold by 2012, or the existence of any commercially recoverable lithium carbonate on the Green Energy lithium project in Utah.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
