PennyTrader.com Initiates Coverage of American Lithium Minerals Inc. (OTCBB: AMLM)

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About American Lithium Minerals Inc. (OTCBB: AMLM)

American Lithium Minerals is a U.S.-based mineral exploration company focused on the development of lithium and boron resources in Nevada. The company’s key objective is to develop a world-class lithium project that will capitalize on surging demand for lithium-ion batteries, particularly for hybrid and electric vehicles. Lithium is a high-priority and strategic mineral for the U.S. The country’s green energy legislation and long-term energy policies depend on developing a vibrant, domestic lithium-ion battery manufacturing sector.

American Lithium’s primary asset is the high-grade Borate Hills property in western Nevada, one of the world’s premier known lithium deposits and ranked by previous operator US Borax as the second-largest boron deposit in the U.S. A $4.5 million exploration and development program is aimed at completing an economic pre-feasibility study on the Borate Hills Project to advance the project to the feasibility stage.

Nevada is one of the world’s leading mining regions. The state supports North America’s only commercial lithium mine located 20 miles from Borate Hills.

American Lithium intends to develop Borate Hills and its other lithium brine exploration projects through cooperation with international partners.

June 21 - American Lithium Commences Field Work on the Borate Hills Project

American Lithium Minerals, Inc. (OTC.BB: AMLM - News) (www.AmericanLithium.com) ("American Lithium" or the "Company") has commenced field work at its Borate Hills Project in Nevada. The Borate Hills Project is a co-product lithium and boron deposit located 20 miles west of the only producing lithium mine in North America. Surface sampling conducted by the previous owner of the project returned relatively high average grades of 2750 ppm lithium (0.275%) and 10,000 ppm boron (1%). The initial work to be undertaken on the project by the Company will be to identify and sample previous exploration troughs.

Stated Hugh Aird, American Lithium Minerals CEO, "It is our intention to rapidly advance this project; we are excited to set in motion the process of proving what we believe is a world class lithium and boron asset."

For full company profile and news visit: http://www.pennytrader.com/hot-stock-picks/american-lithium-minerals-inc/

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Disclosure: PennyTrader.com and affiliates have been compensated fifteen thousand dollars by a third party (Galaxy LLC) for AMLM advertising and promotional services.