American Lithium Minerals, Inc. recently released their 10-k and in that report they proceeded to speak about their plans for the future. AMLM has plans to work on their two recently acquired properties located in Esmeralda County, Nevada and to continue to review other potential acquisitions in the resource and non-resource sectors. Also, in the next year the company has committed to expend an aggregate of $300,000 in exploration work on the two properties.
Additional funding is also anticipated for AMLM in the form of equity financing from the sale of the common stock or from director loans.
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American Lithium Minerals, Inc. is an exploration-stage company. As of September 30, 2009, the Company has been investigating prospective lithium opportunities. The Company is focusing to secure and establish a new business and its planned principal operations have not commenced. At September 30, 2009, the Company was not engaged in a business. On June 12, 2009, with GeoXplor Corp, the Company acquired an option to acquire a 100% interest in 89 unpatented mining claims in Esmeralda County, Nevada.
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