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’s strategic focus on scalable, brine-based lithium projects in Tier 1 jurisdictions makes it a compelling investment opportunity, poised to become a leading consolidator of lithium salars globally.
American Salars Lithium (CSE:USLI,OTC:USLIF,FWB:Z3P) is an exploration-stage company focused on acquiring, developing and monetizing lithium brine projects across the Americas. With a strong emphasis on low-cost entry and resource expansion, the company is executing a disciplined strategy to build a portfolio of scalable assets in highly strategic jurisdictions.
Salar de Pocitos
At the core of American Salars’ strategy is the belief that lithium demand—driven by both electric vehicles and emerging stationary storage applications—will surge in the coming years. The company is positioning itself now to benefit from a long-term price recovery, focusing on assets that are attractive to major producers and investors.
Unlike many junior miners that pivot with market fads, American Salars has remained laser-focused on lithium since inception. The company is not built for short-term trading but for long-term investors seeking exposure to a growing portfolio of lithium salars with eventual exit potential.
American Salars is executing a focused, value-driven strategy designed to maximize returns for shareholders through disciplined asset acquisition, resource growth and positioning for future monetization. The company’s approach to lithium investing involves acquiring undervalued assets during market downturns with the objective of capitalizing on future price recoveries. This opportunistic acquisition model allows the company to secure high-potential projects at low entry costs while minimizing dilution and preserving capital.
The company prioritizes lithium brine projects due to their lower development costs, faster resource delineation, and smaller environmental footprint. Its assets provide a foundation for scalable resource development through targeted drilling, advanced aquifer modeling, and ongoing environmental permitting. By focusing on brines, American Salars can efficiently build a strong, technically de-risked project pipeline with lower exploration overhead. Ultimately, American Salars is building its portfolio with a clear path to strategic exits.
Ekosolve pilot plant testing on brines from Pocitos 1 produced lithium carbonate at 99.89 percent purity with recovery rates of 94.9 percent, confirming the extractive potential of the salar. The project’s high lithium concentrations within a compact footprint present compelling scalability potential, and American Salars is actively pursuing an expanded land position to increase its overall brine resource base. Environmental baseline studies are underway in preparation for a future production scenario. An updated NI 43-101 compliant resource estimate is also anticipated as part of the company’s near-term development strategy.
With strong local partnerships and a seasoned team of lithium veterans on the ground, Pocitos stands out as one of the most promising early-stage brine assets in Argentina. The Company signed a letter of intent on March 3rd 2025 to acquire an additional 13,080 hectares on the salar.
The Black Rock South project is located in the Black Rock Desert basin in Nevada, USA. The Black Rock Desert region is known for geothermal activity and proximity to established lithium operations, such as Albemarle’s Silver Peak Mine—the only currently producing lithium brine operation in North America. American Salars’ property is strategically situated just 72 miles north of Tesla’s Gigafactory and 93 miles southwest of Thacker Pass, placing it in a geopolitically important supply zone for US battery manufacturing.
The project consists of a large sedimentary basin with known geothermal activity, indicating the potential for a brine-hosted lithium aquifer at depth. A 2024 soil sampling program returned 33 of 38 samples with lithium values above 100 ppm, including a peak of 180.5 ppm and an average of 131 ppm. These values trended in a northeast direction, suggesting structural controls that could host lithium-enriched aquifers.
An NI 43-101 report has been completed, and the company is now evaluating geophysical programs and structural modeling to define high-certainty drill targets. Depths to target aquifers are anticipated to be 800 to 1,000 meters, requiring significant capital investment. To address water usage concerns, the company is exploring the use of direct lithium extraction (DLE) technologies, which offer lower environmental impact by returning processed water to the aquifer.
Initial geochemical assays returned lithium oxide grades of up to 3.72 percent, 2.15 percent and 1.58 percent, alongside notable concentrations of cesium (554.5 ppm), tantalum (135 ppm) and niobium (177 ppm). These high-grade surface samples confirm Jaguaribe’s potential as a high-impact, hard-rock lithium project in a jurisdiction with favorable mining laws and growing lithium sector interest. The company plans to conduct detailed mapping, channel sampling and geophysical surveys to define drill-ready targets. The scale, grade and historic mining context make Jaguaribe American Salars’ top-ranked hard rock project.
American Salars controls three hard rock lithium exploration properties in Quebec, Canada: Xenia West & East, Lac Simard South, and Leduc East, together totaling over 11,500 hectares. These properties are located in proximity to well-known lithium districts, including Sayona Mining's and Brunswick Exploration’s land holdings. The Xenia projects, comprising 92 claims (5,382 ha), are located 30 km southeast of Val-d’Or and lie within the Pontiac Geological Subprovince, known for its lithium-rich pegmatites.
Lac Simard South, spanning 80 km southwest of Sayona’s Authier project, is accessible via gravel roads and logging routes, and offers excellent infrastructure for exploration and future development. Leduc East, a 6,100-hectare block north of Gatineau, is the most recently acquired and sits in a highly prospective greenstone belt. While these assets are still in early-stage development, they offer extensive historic pegmatite mapping, cost-effective acquisition history, and multiple targets identified from legacy data.
The company plans to execute low-cost sampling and reconnaissance work in the near term to add value and keep the claims in good standing. Given the surge in M&A activity across Quebec’s lithium belt, this portfolio offers substantial optionality.
Nicke Horsley has more than 19 years of experience in public markets, M&A and resource development. He is the founder of American Salars and is deeply aligned with shareholders.
Christopher Cooper is a former director at Alpha Lithium, which was acquired for over $300 million. He has extensive experience in lithium exits and corporate development.
Rodney Campbell has extensive experience in oil and gas and capital markets, with strong institutional connections.
Daryn Gordon is an experienced chief financial officer with more than 20 years in audit and financial services, specializing in Canadian junior mining companies.
David Guerrero is the former country manager for Alpha Lithium. He has deep in-country expertise in Argentina and extensive lithium development experience.
Phillip Thomas has over 20 years’ experience in lithium brine geology. He was previously involved with Rincon, Pozuelos and other major Argentine salars.
William Feyerabend – Qualified Person (Nevada)
William Feyerabend is an expert in lithium exploration and technical reports across Nevada and Latin America.
Mitchell Lavery is a veteran geologist with over 40 years of experience across gold, base metals and lithium in Canada.
American Salars Lithium is building a diversified portfolio of lithium assets across the Americas
(TheNewswire)
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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.
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Figure 1. Map of the Cauchari Ines 01 concession and surrounding lithium producers
Cauchari Lithium Brine Project Overview
Fully owned, over 12 sq km concession, stand-alone potential with 50% on salar
Adjacent to world class operators of lithium plants
Known geological district with significant Li K sampling results
Immediate proximity to roads, railroads, electricity and gas pipelines infrastructure
Near San Antonio de los Cobres and Pocitos Industrial centre, easy road access to Chile ports
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
Figure 2. Claims outline and Satellite View of the Salar de Cauchari Minas Ines 01 claims
Figure 3. Geological Claims Map of the Salar de Cauchari Minas Ines 01 claims
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Figure 4. Minas Ines 01 Site visit Salar de Cauchari
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.
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Figure 5. Salta Argentina Lithium Salar Projects Map
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.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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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.
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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.
News Provided by TheNewsWire via QuoteMedia
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)
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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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(TheNewswire)
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VANCOUVER, BC TheNewswire - FEBRUARY 26 th 2025 American Salars Lithium INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces it has signed a Mineral Claims Purchase Agreement (the "Agreement") with an arm's length vendor to acquire 100% of the Leduc East Lithium Project (the "Project") consisting of 101 mineral claims spanning approximately 6,100 hectares or 61 square kilometers.
The Project is located approximately 35km north of Gatineau, with surrounding infrastructure and accessibility for exploration. The Project is located approximately 275km southwest of Bécancour's Battery Metal Park and Lithium downstream concentrator and foundry, as well as 300km southeast of Sayona 's NAL Lithium mine, spodumene concentrator and planned foundry.
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Figure 1. LeDuc East Lithium Properties (Pink)
The Leduc East Lithium Project claims cover 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.
The geologic summary for these historic mines indicate the presence of mica in the pegmatites, one possible source for Lithium (Natural Resources Quebec, Sigéom website). Moreover, of the 13 past producers, 5 produced Tourmaline, a key indicative mineral for Lithium. With the project located 4.5 km east from the historic Mine Leduc property which covers a small Lithium-bearing body (approximately 230 tonnes of 5.39% Li 2 O) from pegmatitic materials (GM62505, Geotech Exploration, 2006, non-NI 43-101 compliant ), there is strong indication of prospective lithium enrichment within our 60 km sq project area.
American Salars CEO & Director R. Nick Horsley states, "The opportunity to acquire this portfolio of past producing mines with thirty-five mapped pegmatites that were never assayed for Lithium, is an exciting proposition at these valuations. We have never been more optimistic about Lithium's future and American Salars is well positioned to capitalize on its growing demand. With highly prospective projects throughout Quebec, Nevada, Brazil and Argentina we are strategically located in some of the premier jurisdictions throughout North and South America."
The Transaction
American Salars has entered into an agreement with Quartier Minerals Ltd. of Quebec, whereby American Salars is acquiring a 100-per-cent interest in the Leduc East Lithium Project by issuing to the Vendor 50,000 common shares.
Additional projects are still being reviewed and will be subject to further disclosure once due diligence is completed and a deal is completed.
American Salars's management cautions that past results or discoveries on properties in proximity to American Salars may not necessarily be indicative of the presence of mineralization on the Company's properties.
Qualified Person
Mitchell Lavery, P.Geo. (QC), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for The Lac Simard portion of this news release, and has approved the disclosure herein.
American Salars global lithium portfolio consists of two advanced lithium resources in Argentina and our advancing USA lithium asset in Nevada.
The Company's existing portfolio of lithium deposits including two NI 43-101 Compliant Inferred Mineral Resource Estimates ("MRE") consisting of 457,000 tonnes Lithium Carbonate Equivalent ("LCE") at the Candela 2 Lithium Brine Project ("Candela") and a shared MRE at the Pocitos 1 Lithium Brine Project ("Pocitos") consisting of 760,000 tonnes LCE. The Pocitos MRE is shared with neighbouring Pocitos 2 which is not under contract or owned by USLI, however it is important to note that none of the drilling that makes up a partial basis for the MRE took place on the Pocitos 2 block. Both brine projects are located in Salta Province, Argentina.
About Pocitos 1 Lithium Deposit
WSP Australia completed 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.
The Pocitos 1 project is located approximately 10 kilometers from the township of Pocitos where there is gas, electricity, and accommodation. Pocitos 1 is approximately 800 hectares (1,977 acres) and is accessible by road. Collective exploration since 2017 totals over US$2.0 million in project development, including surface sampling, trenching, TEM and MT geophysics and the drilling of three wells that returned outstanding brine flow results. Locations for immediate follow up drilling have already been identified for upcoming exploration based on the most recent MT survey.
Lithium values of 169 ppm 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.
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Figure 2. Drilling at Pocitos 1 Lithium Brine Project (Salta, Argentina)
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM, 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.
Shares For Debt Amendment
The Company previously announced it has settled with certain creditors of the Company (the " Creditors ") to settle a debt of $410,622.58 owing to the Creditors through the issuance to the Creditors of an aggregate of 2,933,018 common shares (each, a " Share ") at a price of $0.14 per Share (see press release dated February 20, 2025). The Company intends to reduce its debt settlement arrangements issuing 1,004,447 Shares at a price of $0.14 per share to settle outstanding indebtedness of $ 140,622.58
(the "Revised Debt Settlements").
One Creditor included in the Revised Debt Settlements intends to settle an aggregate of $23,625 of debt owing to a corporation owned by Daryn Gordon, the Company's Chief Financial Officer is considered a "related party transaction". The shares for debt transaction represents a complete settlement of the debt owing in respect to the CFO services provided to the Company by Mr. Gordon. The issuance of these shares will be completed in reliance on exemptions available under MI 61-101 from the formal valuation and minority approval requirements of MI 61-101. Specifically, the Revised Debt Settlements will be exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(b) of MI 61-101 as the Company, is not listed on a specified market within the meaning of MI 61-101. Additionally, the issuance is exempt from the minority approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101 insofar as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the shares exceeds 25% of the Company's market capitalization.
About American Salars Lithium Inc.
American Salars Lithium is an exploration company focused on acquiring and developing high-value battery metals projects to meet the growing global demand for a green energy transition. The Company has a diversified portfolio of Lithium Brine and Hardrock Lithium Projects throughout 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 and Director
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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Atlantic Lithium is advancing Ghana’s first lithium mine at Ewoyaa, a fully permitted, strategically located project ready to supply global battery markets. With strong local support and a clear path to production, the company is positioned for near-term growth and long-term impact in the energy transition.
Atlantic Lithium (AIM:ALL,ASX: A11,GSE:ALLGH,OTCQX: ALLIF) is an Africa-focused lithium exploration and development company advancing its flagship Ewoyaa Lithium project through to production as Ghana’s first lithium mine.
Despite its long mining history, favourable regulatory climate and stable political backdrop, Ghana remains largely overlooked as an investment jurisdiction for battery metals. Situated on the West African coast, the country boasts a strong strategic location, between Europe, the Americas and Asia, to serve the global battery metals market. Ghana is also home to an abundance of mineral wealth, with c. 180,000 tonnes of estimated lithium resources.
Atlantic Lithium intends to produce spodumene concentrate capable of conversion to lithium chemicals for use in electric vehicle batteries and energy storage, aiming to support global decarbonisation.
A definitive feasibility study (DFS) released in June 2023 shows that Ewoyaa has demonstrable economic viability, low capital intensity and excellent profitability.
Through simple open-pit mining, three-stage crushing and conventional Dense Medium Separation (DMS) processing, the DFS outlines the production of 3.6 Mt of spodumene concentrate over a 12-year mine life, which will make it one of the largest spodumene mines by production capacity globally.
The Ewoyaa Lithium Project was awarded a Mining Lease in October 2023, an EPA Permit in September 2024, and a Mine Operating Permit in October 2024.
Having secured all of the permits required to begin construction, Atlantic Lithium currently awaits parliamentary ratification of the Ewoyaa Mining Lease, which was issued by the Ministry of Lands and Natural Resources in October 2023.
The JORC mineral resource estimate at Ewoyaa now stands at 36.8 million tons (Mt) at 1.24 percent lithium oxide, 81 of which is now in the higher confidence measured and indicated categories (3.7 Mt at 1.37 percent lithium oxide in the measured category, 26.1 Mt at 1.24 percent lithium oxide in the indicated category, and 7 Mt at 1.15 percent lithium oxide in the Inferred category).
The residents of the project-affected communities in Ghana’s Central Region have voiced their strong support from the advancement of the project towards production.
Atlantic Lithium’s Ewoyaa Lithium Project site
The development of the project is co-funded under an agreement with NASDAQ and ASX-listed Piedmont Lithium (ASX: PLL), under which Piedmont is required to contribute the first US$70m of Development Costs, as defined in the agreement, as sole funding to complete its earn-in to 50% of Atlantic Lithium's ownership of the project, with all Development Costs and other project expenditure equally shared by both Atlantic Lithium and Piedmont thereafter.
In accordance with the agreement, which is intended to result in the construction of the project and the achievement of initial spodumene production, Piedmont will earn the rights to 50 percent of all spodumene concentrate produced at Ewoyaa at market rates, providing a route to consumers through several major battery manufacturers, including Tesla.
The Minerals Income Investment Fund (MIIF), Ghana’s minerals sovereign wealth fund, has also agreed to invest US$27.9 million at project-level to acquire a 6% contributing interest in the project and Atlantic Lithium’s Ghana Portfolio. The project-level investment represents Stage 2 of its Strategic Investment in the company.
This follows Stage 1 of its Strategic Investment, comprising MIIF’s Subscription for US$5 million Atlantic Lithium shares, which was completed in January 2024, resulting in MIIF becoming a major strategic shareholder in the company.
MIIF’s Strategic Investment is intended to expedite the development of the project towards production.
In addition, noting that Ewoyaa is one of the most advanced undeveloped hard rock lithium projects globally, Atlantic Lithium continues to engage with parties across the battery metals supply chain who express inbound interest in lithium products from Ewoyaa.
In doing so, Atlantic Lithium aims to expedite and de-risk the development of the Project, realise attractive terms for any offtake contracted and secure well-credentialled partners that will support the company's and Ghana's objectives of supplying lithium into the global market.
Ghana is a well-established mining region with access to reliable, existing infrastructure and a significant mining workforce. There are currently 16 operating mines in the country.
Already the largest taxpayer and employer in Ghana’s Central Region, Atlantic Lithium is expected to provide direct employment to over 900 personnel at Ewoyaa and, through its community development fund, whereby 1 percent of revenues will be allocated to local initiatives, will deliver long-lasting benefits to the region and Ghana.
Through its proven lithium discovery, exploration and evaluation methodologies, Atlantic Lithium has the potential to capitalise on its extensive exploration portfolio and deliver upon its objectives of becoming a leading producer of lithium in West Africa.
Atlantic Lithium's flagship Ewoyaa Lithium Project is situated within 110 kilometres of Takoradi Port and 100 kilometres of Accra, with access to excellent infrastructure and a skilled local workforce.
Atlantic Lithium has been granted a Mining Lease, an EPA Permit and a Mine Operating Permit in respect of the project in October 2023, September 2024 and October 2024, respectively. The company is currently advancing the project towards production.
Highlights:
Atlantic Lithium wholly owns two contiguous exploration licences covering an area of c. 771 square kilometres in the mining-friendly jurisdictino of Côte d'Ivoire, which borders Ghana on the West African coast. The two licences offer the company with exclusive rights to apply its proven lithium exploration expertise over new, untested and highly prospective tenure, where the company considers there to be significant lithium discovery potential. The licences, which are located within 100 kilometres of the country's economic capital, Abidjan, are incredibly well-served, with extensive road infrastructure, well-established cellular network and
Neil Herbert is a fellow of the Association of Chartered Certified Accountants and has over 30 years of experience in finance. He has been involved in growing mining and oil and gas companies, both as an executive and as an investor, for over 25 years.
Until May 2013, he was co-chairman and managing director of AIM-quoted Polo Resources, a natural resources investment company. Prior to this, Herbert was a director of resource investment company Galahad Gold, from which he became finance director of its most successful investment, the start-up uranium company UraMin, from 2005 to 2007. During this period, he worked to float the company on AIM and the Toronto Stock Exchange in 2006, raised US$400 million in equity financing and subsequently negotiated the sale of the group for US$2.5 billion.
Herbert has held board positions at a number of resource companies where he has been involved in managing numerous acquisitions, disposals, stock market listings and fundraisings. He holds a joint honours degree in economics and economic history from the University of Leicester.
Keith Muller is a mining engineer with over 20 years of operational and leadership experience across domestic and international mining, including in the lithium sector. He has a strong operational background in hard rock lithium mining and processing, particularly in DMS spodumene processing.
Before joining Atlantic Lithium, he held roles as both a business leader and general manager at Allkem, where he worked on the Mt Cattlin lithium mine in Western Australia and, prior to that, Muller served as operations manager and senior mining engineer at Simec.
Muller holds a Master of Mining Engineering from the University of New South Wales and a Bachelor of Engineering from the University of Pretoria. He is also a member of the Australian Institute of Mining and Metallurgy, the Board of Professional Engineers of Queensland, and the Engineering Council of South Africa.
Amanda Harsas is a senior finance executive with a demonstrable track record and over 25 years’ experience in strategic finance, business transformation, commercial finance, customer and supplier negotiations and capital management. Before joining Atlantic Lithium, she worked in several sectors, including healthcare, insurance, retail and professional services, across Asia, Europe and the U.S. Harsas holds a Bachelor of Business from the University of Technology, Sydney and is a member of Chartered Accountants Australia and New Zealand and the Australian Institute of Company Directors.
Kieran Daly is the executive of Growth and Strategic Development at Assore. He holds a BSc Mining Engineering from Camborne School of Mines (1991) and an MBA from Wits Business School (2001) and worked in investment banking/equity research for more than 10 years at UBS, Macquarie and Investec, prior to joining Assore in 2018.
Daly spent the first 15 years of his mining career at Anglo American’s coal division (Anglo Coal) in a number of international roles including operations, sales and marketing, strategy and business development. Among his key roles were leading and developing Anglo Coal's marketing efforts in Asia and to steel industry customers globally. He was also the Global Head of Strategy for Anglo Coal immediately prior to leaving Anglo in 2007.
Christelle Van Der Merwe is a senior manager in the growth & strategic development team at Assore. She has been a geologist for Assore since 2013 and is involved with the strategic and resource investment decisions of the company. Van Der Merwe is a member of SACNASP, the GSSA and AUSIMM.
Jonathan Henry is an experienced non-executive director, having held various leadership and board roles for nearly two decades. Henry has significant expertise working across capital markets, business development, project financing, key stakeholder engagement, and the reporting and implementation of ESG-focused initiatives. Henry has a wealth of experience projects towards production and commercialisation to deliver shareholder value.
Henry previously served as non-executive chair and executive chair of Giyani Metals Corporation, a battery development company advancing its portfolio of manganese oxide projects in Botswana, executive chair and non-executive director at Ormonde Mining, non-executive director at Ashanti Gold Corporation, president, director and chief executive officer at Gabriel Resources and various roles, including chief executive officer and managing director, at Avocet Mining. He holds a BA (Hons) in Natural Sciences from Trinity College, Dublin.
Michael Bourguignon is a distinguished project management professional with a rich history of leading significant initiatives in the mining and energy sectors. Most recently, he served as the COO at Evolution Energy Minerals in Tanzania, where he managed the optimisation and update of the Definitive Feasibility Study, managed the Front-End Engineering Design package, and oversaw the completion of the Relocation Action Plan and other community-related works.
Prior to this, Bourguignon worked with Rio Tinto in Australia as a consulting construction manager, as well as Glencore’s Mopani Copper Mines in Zambia, where he was the project director for the Mopani Synclinorium Concentrator, and Syrah’s Balama Graphite Mine in Mozambique, where he was project director. He has also previously worked in Ghana and Cote d’Ivoire with Perseus Mining. Bourguignon holds an MBA from Murdoch University and is a member of the Australian Institute of Project Management.
Andrew Henry is an accomplished general manager with over a decade’s experience in the operational mining sector, specialising in strategy, planning and analysis, contracts, large-scale project development and site operations.
Before joining Atlantic Lithium, Henry held the role of commercial manager at global lithium chemicals company Allkem and, prior to that, he spent over four years with major gold mining company Newcrest Mining.
Henry holds a Bachelor of Commerce from the University of South Australia and is a member of CPA Australia.
Ahmed-Salim Adam is an experienced mining general manager with over 15 years of experience leading various large-scale projects in Ghana across all stages of mine development, production, and closure, with a focus on safety and sustainability.
Adam has previously held a number of leadership roles, including as senior consultant of Metallurgy at GEOMAN Consult Ltd, as a director for FGR Bogoso Prestea’s Refractory Project and as general manager at Golden Star Resources.
He holds a MPhil Minerals Engineering and a Bachelor of Science (Hons) in Mineral Engineering, both from the University of Mines and Technology, Ghana. He is also a member of The Institute of Materials, Minerals and Mining (IOM3) in the United Kingdom and the Australasian Institute of Mining and Metallurgy (AusIMM) in Australia.
Belinda assumed the role of general manager, corporate - finance and company secretary in January 2024, having initially joined the company as financial reporting manager in June 2023. To her role at Atlantic Lithium, Gethin brings a wealth of experience in all aspects of statutory, financial and corporate reporting, including the preparation of financial statements and accounting for complex transactions. Before joining Atlantic Lithium, Gethin worked as the chief financial officer for Lumus Imaging and, prior to that, as the group reporting manager at Healius. Gethin is a chartered accountant and holds a Bachelor of Commerce from UNSW in Sydney, Australia.
Iwan Williams is an exploration geologist with over 20 years' experience across a broad range of commodities, principally iron ore, manganese, gold, copper (porphyry and sed. hosted), PGE's, nickel and other base metals, as well as chromitite, phosphates, coal and diamond.
Williams has extensive southern and West African experience and has worked in Central and South America. His experience includes all aspects of exploration management, project generation, opportunity reviews, due diligence and mine geology. He has extensive studies experience, having participated in the delivery of multiple project studies including resource, mine design criteria, baseline environmental and social studies and metallurgical test-work programmes. He is very familiar with working in Afric,a having spent 23 years of his 28-year geological career in Africa. Williams is a graduate of the University of Liverpool.
Abdul Razak has extensive exploration, resource evaluation and project management experience throughout West Africa with a strong focus on data-rich environments. He has extensive gold experience, having worked throughout Ghana with AngloGold Ashanti, Goldfields Ghana, Perseus and Golden Star, as well as international exploration and resource evaluation experience in Burkina Faso, Liberia, Ivory Coast, Republic of Congo, Nigeria and Guinea.
Razak is an integral member of the team, managing all site activities including drilling, laboratory, local teams, geotech and hydro, community consultations and stakeholder engagements and was instrumental inthe establishment of the current development team and defining Ghana’s maiden lithium resource estimate.
