Shares of AmeriLithium Corp. (OTC: AMEL), a mining company committed to progressively developing into one of leading American players in the global lithium industry, are soaring today.
AMEL shares rose to an intra-day high of $0.09. The stock is currently trading 34.78% higher at $0.0775 on above average volume of 2.92 million.
AmeriLithium, last week, announced the signing of a Letter of Intent (LOI) with Strategic Resource Management Pty. Ltd., an Australia-based company. Under the terms of the LOI, AMEL entered into a joint venture with Strategic Resource Management related to Australian mining properties held by or to be held by it.
The joint venture has been formed to manage, develop and oversee the mining of AMEL’s properties in Australia.
Matthew Worrall, CEO of AmeriLithium, said that AMEL’s main focus remains its lithium projects in Nevada. Worrall further said that at the same time, the joint venture with Strategic Resource Management will allow the company to effectively and simultaneously advance its preliminary exploration plans in Australia and assess the potential of its assets there, both in terms of lithium and gold potential.
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