American Lithium Minerals (AMLM) has obtained exclusive option rights to three mineral projects in Quebec, notably broadening its portfolio of critical and precious metal assets.
This move positions the company to benefit from the increasing demand for lithium, copper, nickel, gold, silver, and rare earth elements (REE) in North America.
The newly acquired projects are the Piscau-North polymetallic project, the QC rare earth elements project, and the Couture project.
Historical highlights from these projects include copper grades reaching 65%, silver up to 420 grams per tonne (g/t), gold at 0.95g/t, and additional results reporting 15% copper with silver up to 156g/t.
The company expects the historical results and standout REE grades of the projects to strengthen its competitive edge.
Piscau-North is described as one of Quebec’s largest polymetallic opportunities, containing gold, copper, nickel, and lithium, offering diversified commodity exposure within a well-known mineral district.
The QC rare earth elements project hosts some of the highest REE grades reported in North America, with assays of up to 59% REE.
This project is expected to strengthen AMLM’s position in the critical minerals sector as demand for clean energy and advanced technology grows.
Situated on the Quebec–Labrador border, the Couture project contains a substantial copper resource.
Mineralisation consists of massive sulphides along a north–south shear zone spanning roughly 100 metres (m), controlled by a major fault system.
AMLM CEO Frank Kristan said: "These acquisitions represent a pivotal milestone for American Lithium Minerals. By securing world-class projects in Quebec, we are not only expanding our asset base but also positioning AMLM to deliver sustained growth and enhanced shareholder value.
“Our diversified portfolio ensures we are well-prepared to meet the rising global demand for critical and precious metals."
According to the company, the acquisitions broaden exposure to multiple commodities, including lithium, REEs, copper, nickel, gold, and silver.
These assets also present opportunities for growth and modern exploration, broaden the company’s resource base, opening the door to joint ventures (JV), partnerships, and future projects.
Furthermore, Quebec is regarded as a mining-supportive jurisdiction with robust infrastructure and favourable regulations, which aligns with the company’s expansion plans.
