Jul. 2 at 12:01 AM
$AMLIF
The latest update on American Lithium's Falchani project in Peru indicates strong progress, particularly with the advancement of the semi-detailed Environmental Impact Assessment (EIA-sd) and the initiation of pilot plant testing. The company is awaiting regulatory approval for the EIA-sd, which was submitted in November 2023, and expects approvals soon, enabling further drilling and bulk sampling. American Lithium is also focusing on flow sheet optimization, with pilot plant equipment being quoted and purchased for testing in Peru.
Here's a more detailed breakdown:
EIA-sd Approval:
The company is awaiting regulatory approval for the semi-detailed Environmental Impact Assessment (EIA-sd) for the Falchani project.
Permitting:
The Vice Minister of Mines (MINEM) has indicated that the Falchani permitting process is nearing completion, with approvals expected soon.
Pilot Plant Testing:
American Lithium plans to commence pilot plant testing during the second half of 2024.