American Salars Lithium (CSE:USLI,OTC:USLIF, FWB:Z3P) is an exploration-stage company dedicated to acquiring, developing, and monetizing lithium brine projects across the Americas. With a clear focus on low-cost entry and scalable resource expansion, the company is executing a disciplined strategy to build a high-quality portfolio in strategic jurisdictions.
Central to American Salars’ vision is the conviction that lithium demand—driven by the accelerating adoption of electric vehicles and the rise of stationary energy storage solutions—is poised for significant long-term growth. The company is strategically positioning itself to capitalize on this trend, targeting assets with strong appeal to major producers and institutional investors.
Salar de PocitosSalar de Pocitos is the flagship asset of American Salars Lithium, situated in Argentina’s lithium-rich Puna region within Salta Province. The Pocitos 1 block spans 800 hectares and has shown strong lithium brine potential through historical drilling and testing. While a 760,000-ton inferred lithium carbonate equivalent (LCE) resource was previously reported for the area—including Pocitos 2, which is not owned by American Salars—all contributing drill holes for that estimate were located within Pocitos 1, where the company holds 100 percent ownership.
Drilling at Pocitos 1 has encountered aquifers at depths between 365 and 407 meters, with lithium concentrations reaching up to 169 parts per million (ppm). Sustained brine flow rates were recorded for over five hours, and porosity tests on core samples returned strong results, ranging from 6 to 14 percent, further underscoring the project’s potential.
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American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY ) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person.
Dr. King is a hydrogeologist with 30+ years of international experience in groundwater modeling and geochemistry. For the past 15 years, he has specialized in exploration and evaluation of lithium brine projects. His strong chemistry and numerical modeling background has proven to be an excellent foundation for brine exploration and quantitative evaluation. Consequently, his resource and reserve estimation experience on major brine projects is now arguably the most extensive of any geologist, hydrogeologist, or engineer in the world.
Some notable past involvements include serving as a resource and/or reserve estimation Qualified Person for the following:
In addition, Dr. King and his team have conducted detailed due diligence reviews of 20+ advanced brine projects and reconnaissance reviews (and ranking) of 100+ greenfield to early-stage projects, in South America and the southern US. His technical team at GWI have advanced expertise in geological modelling, GIS, data management and 3D visualization. They will provide exploration and resource consulting services to American Salars from time to time.
R. Nick Horsley, CEO & Director States , "American Salars is yet again adding depth to its technical team. We are fortunate to welcome Dr. King and his team at GWI to American Salars and look forward to working together in our search for significant lithium salar projects. Mark is a globally recognized authority whose work has taken him to lithium brine projects throughout North and South America, and beyond."
About American Salars Lithium Inc.
About American Salars Lithium Inc. American Salars Lithium Inc. is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram.
On Behalf of the Board of Directors,
"R. Nick Horsley "
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.880.2189
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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VANCOUVER, BC TheNewswire - MAY 7 th 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces that it has commenced a Phase 2 sampling program on its 100% owned, highly prospective 18,083 Hectares (180 sq km) Hardrock LCT ("Lithium-Cesium-Tantalum") Pegmatite Project including Rare Earth Elements ("REEs") and Critical Minerals (the "Jaguaribe Project ").
The Jaguaribe Project is located in the Jaguaribe/Solonópole region in the State of Ceará, in Northern Brazil and hosts multiple extensive Lithium and REE bearing pegmatite dykes that have returned initial Phase 1 sample discoveries of up to 3.72% Li 2 O, 2.15% Li 2 O and 1.58% Li 2 O as well as 554.5 ppm of Cesium,
135 ppm of Tantalum, 177 ppm of Niobium. One sample showed high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm).
American Salars CEO & Director R. Nick Horsley states, " We are thrilled to launch the second phase of exploration at our Jaguaribe Project, building on the promising lithium and rare earth element (REE) discoveries from phase one. Brazil is a global hub for hard rock lithium production, and our Jaguaribe Project, located in a well-known pegmatite district, has already yielded high-grade lithium samples and significant REE values. This next phase will focus on identifying and sampling additional pegmatites to further delineate the scale and quality of this critical mineral-rich region."
The initial phase 1 exploration program revealed multiple long and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length that are largely unexplored. American Salars has secured field crews, a Brazil focussed senior geologist, and lithium specialist QP to oversee a more extensive Phase 2 work program to map new pegmatite outcrops as well as sampling new and known areas of mineralization. The Company has secured sampling and exploration crews and is working with local Brazil based geological consultants to help plan a follow up drilling program to test priority targets.
About the Jaguaribe Property
The Jaguaribe Property covers historic artisanal mining sites previously mined for lithium, coltan (tantalum and niobium) and tin.
Initial sampling of the Jaguaribe Pegmatites returned Spodumene bearing pegmatite samples that graded up to 3.72% Li2O as well as Rare Earth Elements.
Phase 2 sampling will test multiple additional LCT Pegmatite targets.
Ideal project location - Historical Pegmatite Province Brazil.
4-hour drive on paved roads to port and international airport (Fortaleza).
The topography, land use and vegetation at Jaguaribe Property is well suited for exploration activities.
Arid, sparsely populated farmland, no rain forest.
Northern Brazil provides shipping routes and deep-water ports to North American and European battery chemical markets.
Click Image To View Full Size
Figure 1. Geological Map of the Solonópole/Jaguaribe Region, with location of the Jaguaribe claim blocks shown in YELLOW color .
Multi elements ICP analysis (55 elements) of 13 pegmatites sampled across the Jaguaribe Project, returned: Lithium, Rubidium, Tantalum and Niobium. Of the 13 samples, one (VM-EJ-R-01) is mineralized with Lithium at (3.72% Li2O), a normal occurrence, because it was the first geological reconnaissance work carried out on the Project. The presence of Li bearing Lepidolite and Spodumene minerals were observed in the pegmatites during the initial fieldwork.
Pegmatite VM-EJ-01 is an LCT (Lithium-Cesium-Tantalum) pegmatite, in addition to samples of 3.72 Li2O, anomalous values of 554.5 ppm of Cesium and 135 ppm of Tantalum were recorded, accompanied by 177 ppm of Niobium and high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm). Initial fieldwork also detected two additional pegmatites with 2.15% and 1.58% Li2O, respectively, which led to the exploration and acquisition of the 10 claim blocks that make up the Jaguribe Property.
Click Image To View Full Size
Figure 2. LCT pegmatite Outcrops and Surface Samples from vein in a North -Northeast direction and embedded in gneiss.
Figure 3. Location of the Pegmatite Districts of Ceará, Brazil.
Geochemical Characteristics of Pegmatites, Jaguaribe Project, Ceará, Brazil
A multi-element analyse was conducted at the SGS laboratory for 58 elements including REE, from 12 samples from the Jaguaribe Project. These samples were analyzed by the ICM90A method: determination with fusion in sodium peroxide-ICP OES/ICP MS.
Geochemistry of the Pegmatites samples from the Jaguaribe Project area, was compared with the standard sample or standard analysis provided by the SGS laboratory, with the common elements and their contents in an LCT-type Pegmatite (Lithium, Cesium and Tantalum).
The pegmatite from the VM-R-01 Pegmatite sample, which contained Lepidolite and a content of 1.54% Li 2 O, shows a strong geochemical correlation with the standard sample, in terms of the contents of Li, Cs, and Ta, the latter being much higher (135 ppm Ta) than the Ta content of the SGS standard sample (18 ppm Ta). The VM-R-1 sample also shows a correlation with the SGS standard, in terms of Rb, Nb, Sn and P. Other pegmatite samples from the Jaguaribe Project, namely VM-R-6 and VM-R-7, are iron enriched and present less marked correlations, in relation to the contents of the standard sample only in the elements Li, Rb and Ba, although they show anomalous geochemical values of Cs.
The results of the VM-R-8 and VM-R-10 analyses show a good correlation with the results of the SGS standard sample, regarding the contents of Rb, Ba, Cs, Ta, Nb and P, but the Li levels fell, respectively, to 110 ppm and less than 10 ppm. This sharp drop in the Li levels of these samples is mainly due to the leaching of Li minerals by surface waters, notably Spodumene, a phenomenon observed in most of the pegmatites in the region, whose Li levels increase substantially in the subsurface in mining pits, in the companies' research excavations and mainly in drill holes.
QUALIFIED PERSON
The technical content regarding the Jaguaribe Project, in this release has been reviewed and approved by Mitchell E. Lavery, P. Geo, who is an Independent Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
ABOUT AMERICAN SALARS
American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.
All Stakeholders are encouraged to follow the Company on its social media profiles on , , TikTok , and Instagram .
On Behalf of the Board of Directors,
" R. Nick Horsley "
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.740.7492
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
Copyright (c) 2025 TheNewswire - All rights reserved.
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VANCOUVER, BC MAY 1 st 2025 TheNewswire - American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces it has signed a Letter of Intent ("LOI") with an arms length Vendor to acquire a 100% interest in the Cauchari Minas Ines 01 Lithium Salar Project ("Cauchari" or "Project"), located o n the south end of the Cauchari Salt Lake, Department Los Andes in the Province of Salta, Argentina.
The Cauchari Ines 01 claims cover an area of approximately 1,235 hectares, and contain concentrations of lithium, sampled up to 383 ppm Li taken from a depth of 30cm below the salt crust. Access to the Project is through the city of Salta, via Road 51 passing the town of San Antonio de Los Cobres, and continuing approximately 80km to the nearby Cauchari Salt Lake. The Project area is accessed entering the Salt Lake through existing mining tracks and roads and located 13km from the Rincon salar owned by Rio Tinto.
Cauchari Lithium Brine Project Overview
American Salars CEO & Director R. Nick Horsley states, "The potential of this section of the Salar de Cauchari is immense. Cauchari is a proven producing Salar operated by Exar – Ganfeng & Lithium Argentina that produces battery grade lithium carbonate. The Company will look to continue to increase its footprint on the Cauchari and Pocitos Lithium projects."
Cauchari Mining Potential
Data from reconnaissance exploration programs suggests that the Cauchari Salt Lake is underlain by a structurally controlled sedimentary basin that forms an aquifer of over 250 square kilometers, and asymmetric, with maximum depths from 100 - 500 m along the eastern margins. No effective porosity determinations have yet been made on the aquifer, but by analogy with similar aquifers may be in the region of 4-20%. Structural geology survey suggests a shear fault zone through the concession oriented north south that could be an aquifer conduit.
To the North of the Company's Cauchari Ines 01 claims, two important and advanced projects are actively being developed, both on Cauchari and Olaroz Salt Lakes, with successful results from an exploration and pilot plant perspectives. The surface of the Cauchari Salar is a light brown lime-earthy layer, there are typical millimetre thick salt efflorescence which include chloride and sodium sulfate and to a lesser extent calcium carbonate and calcium sulfate (gypsum).
The Project is located on a carbonate platform generated by the late (geyser) volcanic activity, whose water loaded with minerals decanted in this basin. The geyser activity provided the majority of the chemical elements which caused the mineralization in these salt lakes. Some of these minerals are borates, sulfates, carbonates and brines rich in lithium, potassium, boron and rare earths. Significant concentrations of lithium were determined in brines from the Cauchari Salt Lake area, at the northern end of the Company's claim boundary.
Cauchari Geology
Within the Project area, outcrops of Ordovician sediments occur and above these sediments and in a discordant way there are tertiary sedimentary outcrops of Group Pastos Grandes and equivalents and tertiary vulcanites from the eruptive complex El Quevar. The quaternary can be differentiated in evaporitic sediments from Cauchari Salt Lake, clastic sediments forming alluvial cones and travertine limestones with hydrothermal origin.
Geoforms in Endorreic Basins
The Project area is part of the Cauchari Salt Lake basin. The total area of this basin is approximately 2,550 square kilometres. The Cauchari Salt Lake is extended and narrow-shaped, sub-meridian oriented spanning 40 km long. Its irregular borders are characteristic due to the influence of numerous alluvial cones which cause marked narrowing. Cauchari is a typical earthy Salt Lake, with a small participation of halite crystalline mass with a layer of greenish-brown lime-earth. Over the surface there are efflorescences and halite crusts, also gypsum.
Historically, this Salt Lake produced the biggest amount of borax minerals, especially ulexite and tincal in a smaller amount. The mineralization of ulexite is concentrated along the occidental side of the Salt Lake. The origin of this mineralization is directly related to boratiferous spillage, from the fracture located at the bottom of the Cauchari sierra. Besides that it is important to take into account that the river Olacapato, whose origins are located in the thermal waters of Tocomar and Antuco, contributes with important saline contents; thus, a brine concentrated in borates, with high amounts of lithium (900 ppm), one of the highest in the Puna, is added to the mineral resource of the salt lake.
Water bodies in the area of reconnaissance
From the hydrographic point of view, the area belongs to the endorreic basin of the Salt Lake of Cauchari. Due to its length and volume, the most important collector is the river Tocomar, originated by the numerous thermal springs (thermal spring Tocomar and Antuco). This river has caused a vast alluvial plain that is in contact with the side of the Salt Lake through a wide unfunctional cone. Only during the rainy season, the river pours down in the Salt Lake itself, and at the same time a group of springs appear in the nearby areas.
Nearest town
The nearest settlement is Olacapato at 22km from the area under study. It has 169 inhabitants, a first-aid post, a small police station, primary school, hostel, 24-hour electricity and semipublic telephone service.
The town of San Antonio de Los Cobres is the most important town and head of the Department Los Andes. It has 4,763 inhabitants according to the 2010 Census. It has a hospital, primary
Additionally, the Company has announced a settlement agreement with Ekeko SA in regards to the lien placed on the Pocitos1 project from a shortfall payment by Recharge Resources SA. The Company has agreed to $200,000 USD in cash payments for a full release of all liabilities and claims against Recharge Resources SA the holder of the Pocitos 1 tenement. A payment of $130,000 USD is due May 15th, 2025, with a second payment of $70,000 USD due September 15th, 2025.
American Salars Lithium – Argentina Lithium Salar Portfolio of Projects
Salar De Pocitos Project
The Salar Pocitos Project is located approximately 100 kilometers west from San Antonio de Los Cobres which is the largest city at the top of the puna and approximately 250 kilometers west of the Provincial Capital, Salta. The Pocitos Project benefits from some of the best infrastructure on the puna including Provincial Highway Route 17 and the Pocitos industrial Park settlement that has a natural gas pipeline and near the railway and highway that runs through the salar to the Port of Antofagasta on the Chilean Pacific Coast.
The Company's initial 800 hectare Pocitos 1 claim has an NI 43-101 Mineral Resource Estimate ("MRE") prepared by WSP Australia. The MRE inferred estimate was 760,000 tonnes of Lithium Carbonate Equivalent ("LCE") based on an in-situ lithium metal equivalent of 143,000 tonnes on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha). On a pro-rata basis Pocitos 1 has 456,000 tonnes of LCE insitu. (American Salars does not currently own the neighboring 532 Hectare Pocitos 2 block - See Press Release Dated June 17, 2024). The NI 43-101 MRE was estimated on an inferred basis using a block model with 6% and 14% porosity respectively for the clay and sand lithologies. Completing borehole magnetic resonance surveys will provide continuous and higher accuracy of porosity possibly leading to an upgrade of the resource.
American Salars signed a letter of Intent (see Press Release Dated March 3, 2025) to acquire an additional 13,080 hectares on the Pocitos Salar, which has been the subject of numerous exploration campaigns including drilling, surface sampling and geophysics. The next phase of work on this World Class Project's development will be to compile data from all the combined Pocitos tenements to assess the required work in order to tie the existing drill holes together and update the Company's NI 43-101 MRE. Scoping and feasibility studies will follow the data compilation and move the project forward towards the Company's goal of seeing the Pocitos Project through to commercial production.
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release regarding Argentina properties, and has approved the disclosure herein. Mr Thomas is a shareholder of American Salars lithium shares.
About American Salars Lithium Inc.
American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market. The Company's has a diversified portfolio of Lithium Brine and Hardrock Projects in North and South America.
All Stakeholders are encouraged to follow the Company on its social media profiles on , , TikTok , and Instagram .
On Behalf of the Board of Directors,
" R. Nick Horsley "
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604-740-7492
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
Copyright (c) 2025 TheNewswire - All rights reserved.
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VANCOUVER, BC TheNewswire - MARCH 12 th 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) states its commitment to strengthening the United States lithium supply, a critical mineral essential for electric vehicles, energy storage, and advanced manufacturing. As demand for domestic lithium sources grows, securing reliable resources is vital for the nation's clean energy and technology future. With the potential for new tariffs on lithium imports under the Trump administration, American Salars has positioned itself to secure a stable, tariff-free lithium supply through its Black Rock South Lithium Project in Nevada.
As trade uncertainties grow, American Salars Nevada property serves as a critical safeguard against rising costs and potential supply chain disruptions. By having a US based lithium asset, the company holds a strong position in the domestic lithium market, providing potential future supply opportunities while reducing exposure to geopolitical risks and import restrictions. This strategic positioning not only strengthens American Salars' role in the US lithium market but also supports North America's push for energy independence in the face of shifting trade policies.
Click Image To View Full Size
Figure 1. The Blackrock South lithium brine project - Nevada
Beyond its Nevada project, American Salars has acquired a diversified portfolio of lithium assets in Canada, Brazil, and Argentina, positioning the company for potential resource development and enhanced market flexibility amid shifting global trade policies.
American Salars is strengthening its footprint in Argentina's Lithium Triangle, a globally recognized region containing some of the highest-grade lithium brine deposits. This strategic positioning enhances the Company's potential for future exploration and development in one of the world's most significant lithium-producing areas. The Company owns the 800-hectare Pocitos 1 lithium project and has a Letter Of Intent to acquire 13,080 hectares of neighboring land, making it the second-largest property holder on the Salar de Pocitos.
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Figure 2. Salar de Pocitos and surrounding Salars - Argentina
The Company is expanding its presence in Quebec, a highly promising region for new lithium discoveries. Its Xenia West & East projects consist of 92 mining claims spanning 5,382 hectares (54 sq km), located 30 km southeast of Val-d'Or with direct access via Highway 117. Additionally, Lac Simard Nord & South border Sayona Mining's Tansim Project, which includes the Viau-Dallaire and Viau Showings, estimated to contain 5–25 million tons of Li₂O at 1.2–1.3% and the recently announced Leduc East Lithium Project with 6,100 hectares of claims covering part of an extensive belt of granitic and gneissic rocks that host pegmatitic mineralogy, with over 35 mapped pegmatites and covering 15 historical pegmatite-borne felspar showings, 13 of which are former Feldspar and Mica mines operated from the early 1900 to the 1940's.
Through its Jaguaribe, Brazil Lithium & REE project, American Salars is strategically positioned within the BRICS economic bloc, where lithium-rich regions are becoming essential for battery production and clean energy technologies. The Jaguaribe Project, located in the Jaguaribe/Solonópole region in Ceará, Northern Brazil, hosts multiple extensive lithium and REE-bearing pegmatite dykes. Initial sampling has returned significant lithium oxide discoveries, including 3.72% Li₂O, 2.15% Li₂O, and 1.58% Li₂O, reinforcing the project's high potential, as well as REE samples of 554.5 parts per million cesium, 135 parts per million tantalum and 177 parts per million niobium. One sample showed high values for rubidium (greater than 10,000 parts per million); tin (675 parts per million) and zinc (387 parts per million).
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Figure 3. Jaguaribe Pegmatite Vein with mineralized outcrop samples.
By securing assets in multiple strategic locations , American Salars mitigates geopolitical risks, ensures and maintains a strong competitive position in the rapidly growing clean energy market.
American Salars CEO & Director R. Nick Horsley states, "The lithium market is evolving rapidly, and shifting trade policies could create new challenges. By securing strategic lithium assets in key regions of North and South America, we have hedged ourselves geopolitically to meet the growing demand driven by electric vehicles and renewable energy storage. This strategy reduceds our exposure to uncertain supply chains and trade war implications. Amid the tariff war, talk of Argentina and the United States entering a trade pact bodes well for our Salar de Pocitos flagship project, positioning it as a critical asset in a stabilizing Western supply chain, especially as US policies increasingly prioritize domestic and allied sourcing of critical minerals."
The global lithium market is at a pivotal moment, driven by surging demand for electric vehicles (EVs), battery storage, and clean energy technologies. However, potential tariff policies under a Trump administration could disrupt supply chains and increase costs for U.S. manufacturers. If tariffs are imposed on lithium imports from key suppliers like China, Argentina, and Chile, the cost of raw materials could rise, impacting battery production and the broader EV market. As the U.S. seeks to reduce reliance on foreign lithium, domestic projects like American Salars Lithium Inc.'s Black Rock South in Nevada are becoming increasingly valuable, offering a secure, tariff-free alternative that ensures supply chain stability and cost control.
As trade uncertainties grow, American Salars Lithium Inc.'s Nevada property serves as a critical safeguard against rising costs and potential supply chain disruptions. By owning and developing a U.S.-based lithium source, the company guarantees a reliable, domestic supply of lithium, reducing exposure to geopolitical risks and import restrictions. This strategic positioning not only strengthens American Salars Lithium Inc.'s role in the U.S. lithium market but also supports North America's push for energy independence in the face of shifting trade policies.
Beyond Nevada, American Salars Lithium Inc. is well-positioned in the global lithium market, with a diversified portfolio of high-potential properties in Canada, Brazil, Argentina, and the U.S. This geographically balanced strategy provides access to some of the world's most lithium-rich regions, ensuring resource security and market flexibility. Canada offers a stable, mining-friendly jurisdiction near key North American battery production hubs, while Brazil and Argentina—both part of the "Lithium Triangle"—boast some of the world's highest-grade lithium brine deposits. By securing assets in multiple regions, American Salars Lithium Inc. mitigates geopolitical risks, ensures a steady lithium supply, and maintains a competitive edge in a rapidly expanding market—regardless of how global trade policies evolve.
About American Salars Lithium Inc.
American Salars Lithium is a public exploration company focused on developing lithium resource projects. The Company's ultimate objective is the production of battery grade lithium carbonate to meet the growing demands of the battery industry. The Company's has a diversified portfolio of Lithium Brine and Hardrock projects in North and South America.
All Stakeholders are encouraged to follow the Company on its social media profiles on , , TikTok , and Instagram .
On Behalf of the Board of Directors,
" R. Nick Horsley "
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.740.7492
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
Copyright (c) 2025 TheNewswire - All rights reserved.
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American Salars Lithium INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces it has entered into a Letter Of Intent Agreement (the "Agreement") with an arm's length vendor to acquire up to 100% of the Salar De Pocitos Project (the "Project") consisting of 10 mineral tenements spanning approximately 13,080 hectares and contiguous to the Company's 800 hectare Flagship Pocitos 1 Project in Salta Province, Argentina. This represents a property size increase of 1635% to a footprint combined total of 13,880 hectares on the Pocitos Salar, within the prolific Lithium Triangle. The closing of this transaction will culminate in American Salars having the second largest property asset on the Salar de Pocitos.
The Company's existing 800-hectare Pocitos 1 claim has an NI 43-101 Mineral Resource Estimate ("MRE") prepared by WSP Australia. The MRE infers 760,000 tonnes of Lithium Carbonate Equivalent ("LCE") on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha). On a pro-rata basis Pocitos 1 has 456,000 tonnes of LCE insitu. (American Salars does not currently own the neighboring 532 Hectare Pocitos 2 block - See Press Release Dated June 17, 2024). The NI 43-101 MRE was estimated on an inferred basis using a block model with 6% and 14% porosity respectively for the clay and sand lithologies. Completing borehole magnetic resonance surveys will provide continuous and higher accuracy allowing an upgrade of the resource.
The new 13,080 hectare Salar De Pocitos Project being acquired has been the subject of numerous historic exploration campaigns including drilling, surface sampling and geophysics. The initial work program will be a data compilation to tie together the existing drill holes on Pocitos 1 with all the historic drill holes and update the Company's NI 43-101 MRE. Scoping and feasibility studies will follow the data compilation and move the Salar De Pocitos Project through to commercial production.
The Salar De Pocitos Project is located approximately 100 kilometers west of San Antonio de Los Cobres which is the largest city at the top of the puna plateau and approximately 250 kilometers west of the Provincial Capital of Salta. The Pocitos Project benefits from some of the best infrastructure on the puna including Provincial Highway Route 17 and the Pocitos industrial Park settlement that has a natural gas pipeline and near the railway that runs through the salar to the Port of Antofagasta on the Chilean Pacific Coast.
American Salars CEO & Director R. Nick Horsley states, "This acquisition represents the culmination of tremendous work by the whole American Salars team and is a game changer for the Company and our stakeholders. Having consulted with some of the largest lithium mining companies in the world, we clearly understand the prerequisites for a takeover or production scenario. Today's acquisition provides our engineering and exploration team a district scale footprint to execute on."
Figure 1. Area map of Salar de Pocitos
Please click to view image
The Agreement
American Salars has entered into a letter of intent agreement whereby the Company will acquire a 75% interest immediately with Vendors with the potential to earn up to 100% undivided interest in the Property by paying to the Vendors the following cash payments totaling USD $2,000,000 and issuing 20,000,000 shares and issuing a royalty and Buy-Out Bonus based on the table below:
DATE FOR COMPLETION | Cash USD (b) | COMMON SHARES (b) |
| On or before the date that is 10 days after signing of the Definitive Agreement | $100,000 | 2,500,000 (a) |
| On or before the first anniversary of the definitive agreement | $100,000 | 2,500,000 (a) |
| On or before the second anniversary of the definitive agreement | $300,000 | 5,000,000 (a) |
| On or before the third anniversary of the definitive agreement | $500,000 | 5,000,000 (a) |
| On or before the fourth anniversary of the agreement | $1,000,000 | 5,000,000 (a) |
| TOTAL | $2,000,000 | 20,000,000 (a) |
The transaction is subject to a 10% finder's fee
Pocitos 1 Claim
The Company's existing Pocitos 1 claim had WSP Australia complete an update of the NI 43-101 report initially written by Phillip Thomas QP in June 2023 and estimated on an inferred basis using a block model with 6% and 14% porosity for the clay and sand lithologies respectively and a Mineral Resource Estimate ("MRE") of 760,000 tonnes of Lithium Carbonate Equivalent ("LCE") on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha). American Salars does not own the neighboring Pocitos 2 ground which comprises 40% of the gross land package that makes up the resource however it is notable that all drilling to date has been completed on American Salars' Pocitos 1 block.
Lithium values of 169ppm from drill hole PCT22-03 packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project's December 2022 drill campaigns. A packer sampling system was used in HQ Diamond drill holes that were drilled to a depth of up to 409 metres. The flow of brine was observed to continue for more than five hours with all holes exhibiting exceptional brine flow rates. An NI 43-101 updated report completed by WSP Australia has been released on the Pocitos 1 project.
Ekosolve Ltd. a DLE technology company was able to produce 99.8% purity lithium carbonate and extraction was above 94% of the contained lithium in the brine i.e. 158.86ppm of lithium would have been recovered from 169ppm. The higher magnesium values in the brine did not impact the extraction efficiency.
Figure 2. Drilling at Pocitos 1 Lithium Brine Project (Salta, Argentina)
Please click to view image
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM (CPVal), MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release regarding Argentina properties, and has approved the disclosure herein. Mr Thomas is a shareholder of American Salars Lithium shares.
PDAC 2025
American Salars will be attending the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 2 to Wednesday, March 5, 2025. The Company encourages attendees to meet the American Salars team at Booth #3210 in the Investor's Exchange.
Additionally, the Company has terminated its Candela II, Incahuasi Salar option.
About American Salars Lithium Inc.
American Salars Lithium is a public exploration company focused on developing lithium resource projects. The Company's ultimate objective is the production of battery grade lithium carbonate to meet the growing demands of the battery industry. The Company's has a diversified portfolio of Lithium Brine and Hardrock projects in North and South America.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn , Twitter , TikTok , Facebook and Instagram .
On Behalf of the Board of Directors,
"R. Nick Horsley "
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.740.7492
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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Key Highlights
Following on from the results announced on 22 April 2025, this second phase of Falcon Beneficiation testwork was designed to concentrate lithium-bearing clay and remove unmineralized gangue (waste) in order to decrease mass and increase lithium grade. In a mineral processing context, a reduction in tonnes and volume processed with an increased head-grade typically results in lower processing costs.
This second Falcon testwork program was conducted by Sepro Laboratories (Sepro) and utilised high- clay drill core samples from hole RMDD002 (which intersected 86.9m @ 1,470ppm Li from 18.3m4). This follow-up test was designed to establish how high-clay material performed using the Falcon method, for comparison with results from the previous test conducted on lower grade mineralisation from Red Mountain.
The latest result indicates a strong ability to upgrade mineralisation, achieving a reduction of sample mass by 51.8% with a concurrent increase in lithium grade of 38% (from 3,245 to 4,481ppm Li), with an overall 66.6% lithium recovery. These results compare favourably with the previous round of testwork, exhibiting both a greater upgrade in lithium and reduction in mass, with a substantial 43% reduction in calcium and carbon (interpreted as calcite removal) expected to result in a significant reduction in acid consumption. The Company has commissioned Attrition Scrubbing testwork – another method of beneficiation – for comparison with the Falcon results. Once complete, sample products from both the Falcon and Attrition Scrubbing tests will be assessed for acid consumption in future leachability tests.
Astute Chairman, Tony Leibowitz, said:“The demonstration of a commercial pathway to a lithium product is the natural complement to the establishment of a Mineral Resource. It is for this reason that Astute has actively advanced workflows for both exploration drilling and metallurgical testing at Red Mountain, in tandem. These positive results, which reinforce the previous results from the project, represent the systematic de-risking of what continues to emerge as an important US- based critical metals project.”
Figure 1. Clay-rich RMDD002 drill-core from 160-165ft (3,280ppm Li) used in Falcon beneficiation testwork.
Background
Located in central-eastern Nevada (Figure 4), adjacent to the Grand Army of the Republic Highway (Route 6), which links the regional mining towns of Ely and Tonopah, the Red Mountain Project was staked by Astute in August 2023.
The Project area has broad mapped tertiary lacustrine (lake) sedimentary rocks known locally as the Horse Camp Formation1. Elsewhere in the state of Nevada, equivalent rocks host large lithium deposits (see Figure 4) such as Lithium Americas’ (NYSE: LAC) 62.1Mt LCE Thacker Pass Project2 and American Lithium (TSX.V: LI) 9.79Mt LCE TLC Lithium Project3.
Astute has completed substantial surface sampling campaigns at Red Mountain, which indicate widespread lithium anomalism in soils (Figure 3) and confirmed lithium mineralisation in bedrock with some exceptional grades of up to 4,150ppm Li1,5.
A total of 19 RC and diamond drill holes have been drilled at the project to date for a combined 3,666m. Exploration drilling has been highly successful, with strong lithium mineralisation intersected in every hole for which assays have been received9.
Scoping leachability testwork on mineralised material from Red Mountain indicates high leachability of lithium of up to 98%, varying with temperature, acid strength and leaching duration, and proof-of- concept beneficiation testwork has indicated the potential to upgrade the Red Mountain mineralisation6,8.
About Beneficiation
The primary purpose of beneficiation is to optimise the value of mineralised material by separating unwanted waste material (gangue) from valuable minerals.
Testwork conducted to date at Red Mountain indicates that clay-hosted lithium mineralisation may be upgraded through beneficiation, which seeks to remove coarser grained material, such as particles of sand, that do not contain appreciable lithium8. Successful beneficiation can result in reduced reagent consumption, reduced plant wear and tear, and a reduced environmental footprint.
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This article includes content from Astute Metals NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
HIGHLIGHTS
Figure 1 – Pursuit’s 99.5% Li₂CO₃ Sample Ready for Dispatch to Potential Offtake Partners
In relation to the dispatch of samples, Pursuit Managing Director & CEO, Aaron Revelle, said:
“Achieving 99.5% lithium carbonate purity is a major technical milestone for Pursuit and a clear demonstration of the capability embedded within our flowsheet, team, and pilot plant infrastructure. It not only validates the compatibility of our process design with Rio Grande Sur brines but also confirms our ability to deliver a consistently high-quality product suited to a wide range of industrial and energy storage applications. Dispatching these samples to potential offtake partners is a critical first step in our commercialisation pathway, enabling product qualification and accelerating engagement with strategic customers in tough market conditions. As we transition into the next phase of development, our focus is firmly on advancing feasibility for our 5,000tpa operation and securing long-term partnerships that will underpin the future production and growth of the Rio Grande Sur Project.”
Initial pilot production at Pursuit’s 250tpa Pilot Plant in Salta successfully produced 15 kilograms of lithium carbonate at 98.9% purity, validating both the compatibility of the Rio Grande Sur brine and the efficiency of the Company’s conventional processing flowsheet. To enhance product quality and simulate potential refinement steps at commercial scale, a portion of this material was further treated at bench scale using fractional crystallisation (FX) and ion exchange (IX) techniques. These post processing steps upgraded the product to 99.5% purity, meeting established benchmarks for technical-grade lithium carbonate.
The final product assays confirm not only the effectiveness of Pursuit’s downstream purification strategy but also the scalability and robustness of its broader flowsheet. This achievement represents a critical milestone on the path to commercial readiness supporting key feasibility assumptions, validating end product quality, and enabling active engagement with prospective offtake partners.
Pursuit is well positioned to undertake additional small-batch production as required to meet partner qualification needs and advance strategic discussions. Furthermore, it demonstrates Pursuit’s capability to produce high-purity lithium carbonate suitable for industrial use, with potential to meet battery-grade specifications through additional refinement.
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This article includes content from Pursuit Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
