VSA Morning Miner, 23/09/21
American Lithium (CVE:LI)
American Lithium (CVE:LI) has announced that its senior management including the CEO and General Managers of the respective operations met the newly elected President of Peru, Pedro Castillo as part of his visit to New York to participate in the UN General Assembly Summit.
It is a strong positive message from Castillo that he was prepared to meet the management team to discuss the company’s lithium and uranium assets and plans for development. His comments around the mining sector indicate that many of the election campaign comments were rhetoric and he confirmed a more pragmatic approach. The company have certainly indicated that they are comforted by the comments and are planning the next phase of drilling and development as a follow up.
With American Lithium’s focus on minimising its environmental impact and producing vital energy metals in a sustainable fashion, with a strong emphasis on community relations, it is easy to see why the President would want to be associated with the company.
We reiterate our Buy recommendation and C$6.95/sh. target price.
Oliver O'Donnell, CFA, Head of Research & Natural Resources Analyst | T: +44 (0)20 3617 5180 | E: oodonnell@vsacapital.com
Paul Renken, Senior Geologist | T: +44 (0)20 3005 5011 | E: prenken@vsacapital.com
VSA Capital Research | T: +44 (0)20 3005 5000 | E: research@vsacapital.com
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