American Lithium Minerals, Inc. (OTC:AMLM) new CEO And President, Hugh Aird, has issued a letter containing a corporate status report to all shareholders and interested parties. In the letter, Aird has announced the execution of a new business plan expected to lead the company to a dominant position within the Lithium production industry. With the increase in demand for hybrid-electric and electric cars, Aird expects lithium demand to increase four-fold by 2017.
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Engaged in the evaluation, development and acquisition of lithium projects, AMLM was formerly known as Nugget Resources, Inc. Currently in the exploration state, the company held an interest in the Raven property 17 kilometers northeast of Princeton in South Central British Columbia. The company’s interest in the property has since then expired and has not been engaged in any business as of September 30, 2008.
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