American Lithium Minerals Announces the Appointment of Mr. William S. Deluce to the Board of Directors
13 Avril 2010 - 2:15PM
Marketwired
American Lithium Minerals, Inc. (OTCBB: AMLM)
(www.Americanlithium.com) (the "Company") announced today the
appointment of Mr. William S. Deluce to the Board of Directors.
Mr. Deluce brings to American Lithium Minerals a long history of
founding and building highly successful companies. He is a former
Director, Audit Committee Chairman and human resource compensation
committee Chairman of Canadian Tire Corporation, as well as a
former Director of Canada 3000 Airlines. Mr. Deluce is currently
president of Wicklow Consulting Inc., a diversified investment
company with global interests in the aviation and mining sectors.
Some of the Airlines Mr. Deluce has founded include Austin Airways,
Air Ontario and Air Alliance in Canada, as well Global Airlift in
Kenya and South African Express. He has recently been appointed to
the Canadian Air Transport Security Authority (CATSA) Board of
Directors for a term of three years. Mr. Deluce currently sits on
the boards of Vitran Corporation, St. Michael's Hospital
Foundation, ONEXONE and Healthy Kids International. Mr. Deluce
holds a bachelor of applied science in chemical engineering from
the University of Toronto.
About American Lithium Minerals
American Lithium Minerals, Inc. is an early stage lithium
exploration company engaged in evaluating, developing and acquiring
lithium projects, with a focus on the USA. The Company is actively
working on the Montezuma Valley, Nevada lithium brine property
acquired in 2009 and the development of its newly acquired North
and South Borate Hills projects. With the United States
government's growing interests in domestic production of lithium
being such an important component of their green energy plan, it
will become more and more advantageous to control significant
resources of this particularly important element.
About Lithium
As a result of lithium-ion battery demand for hybrid-electric
and electric cars, the increase in demand for lithium carbonate is
expected to increase four-fold by 2017. High demand and low supply
has already pushed lithium carbonate (Li2CO3) prices to US$6,600.00
per ton. There is currently only one producer of lithium carbonate
in the United States, Chemetall's Clayton Valley Operation. The
Great Basin of the United States represents excellent potential for
the discovery of new lithium brine deposits and American Lithium
Minerals is well positioned for detection with its projects.
Lithium is used for batteries, specialty glass, lubricants,
pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries
have become the rechargeable battery of choice in cell phones,
computers, hybrid-electric cars and electric cars. GM, Ford,
Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and
Mercedes-Benz have all announced plans to build Li-ion
battery-powered cars. Demand for lithium-powered vehicles is
expected to increase fivefold by 2012. The domestic automotive
industry must secure a lithium source to supply the next generation
of hybrid-electric and electric vehicles. Over 60% of cell phones
and 90% of laptops use lithium batteries. The worldwide market for
lithium batteries is estimated at over $4 billion per year.
Forward-Looking Statements
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
For Additional Information, Contact: Stephen Cook Vice
President/Investor Relations Tel: 877-717-2656 E-mail:
info@americanlithium.com
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