What is American lithium doing in south-eastern Peru?
In south-eastern Peru, American Lithium is developing the advanced-stage Falchani hard rock lithium deposit, as well as one of the world’s largest undeveloped uranium deposits, known as Macusani. Ensuring a safe, secure supply of strategic battery/energy metals is of growing importance to the US and other Western nations.
Does Peru produce lithium batteries?
"We have a lot of reserves and we think this is an opportunity and a challenge to carry out (lithium) extraction and value-added production," Chavez said. To be sure, Peru currently produces no lithium and no country in Latin America produces lithium batteries at a commercial scale even if they do mine lithium.
Is Falchani a hard-rock Lithium Project?
In October , American Lithium released an updated Mineral Resource Estimate (“MRE”) that increased the projects Measured & Indicated (“M&I”) Lithium Resources by 476% relative to the previous MRE released in , making Falchani one of the largest hard-rock lithium projects globally. Minor discrepancies due to rounding may occur.
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