AMLM- American Lithium Minerals Inc (OTC:AMLM)
We found this hidden penny stock gem back in early September around .90 (ironically that is where it is sitting right now) and by late October we were sitting up at 2.90. ENORMOUS GAINS!!!!
Put AMLM back on your radar immediately. We have obviously been watching this company ever since we profiled it. We feel that AMLM is getting ready to rock.
Lithium has been hogging the headlines recently, even with gold making new highs.
Take a look here at this Wall Street Journal post
The estimates in this press release are off. They are now saying that there could possibly be up to $3 trillion worth of lithium. That is great news. They are inviting companies to come help mine the lithium and extract it from the ground. I have read reports that say Afghanistan could be 10 years away from mining any lithium.
This will be great in 10 years, but lithium is needed NOW and AMLM is sitting on what is being called the 2nd largest lithium deposit in the world. Lithium powers batteries for lap tops, cell phones, Ipod, Ipads, automobiles etc.
AMLM operates here within U.S. borders, where the laws are black and white. You don’t have to worry about dealing with foreign governments such as Afghanistan, Chile or Bolivia. AMLM’s claims are sitting in Nevada.
As we stated before when we profiled AMLM back in September, President Obama has made a promise to have 1 million American-made hybrid vehicles on the road by 2015. Most importantly, he’s backing it with money. The Advanced Technology Vehicle Manufacturing program for battery development has been awarded $25 Billion, and this massive funding has ignited lithium projects left and right.
The industry currently can’t produce enough lithium to build the hundreds of millions of large-format batteries needed to power electric cars, and plug-in hybrids of the future. This is why the demand for lithium is continually increasing, and is projected to grow by 20% per year over the next decade!
AMLM also recently received a $4 Million dollar investment in their Borat Hills project (another region expected to be rich in Lithium) by Japan Oil, Gas and Metals National Corporation.
The company will be a strategic partner in the Borat Hills Project; projected to yield a very large deposit of relatively high grades of lithium and boron (the region already contains the second largest boron deposit found in the United States).
We will have more on AMLM, but you should start doing your research immediately.
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