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American Lithium Corp.

09:50 AM EST - American Lithium Corp. : Reported that further testing on the surface brines has reported low magnesium (Mg) concentrations and overall an inverse relationship between lithium (Li) and magnesium grades. A a total of 24 samples reported grades ranging from 537 to 24.6 mg/L Li and an average of 292.9 mg/L Li and the lowest grade sample was 2.4 mg/L Li. These samples were subsequently tested for 24 additional elements including magnesium. Magnesium grades ranged from 30.8 to trace mg/L Mg with an average grade of 1.9 mg/L Mg. As can be seen in the table above, there is an inverse relationship between Li and Mg grades. American Lithium Corp. shares V.LI are trading unchanged at $0.42.