Globenewswire·2025-09-26 11:00Core Points - American Lithium Corp. has signed a binding Water Reservation Agreement with the Town of Tonopah and Tonopah Public Utilities for its wholly-owned subsidiary, Tonopah Lithium Corp., to secure water resources for the TLC Project in Nye County, Nevada [1][4] - The TLC Project is one of the largest lithium-bearing claystone deposits in North America, with a two-phased development approach planned [3][5] - The agreement includes a commitment of $200,000 to support local infrastructure and educational initiatives in Tonopah [4][6] Water Supply Agreement Details - The agreement reserves 900 to 1,250 gallons per minute (1,450 to 2,000 acre-feet annually) of water for TLC, contingent on hydrology and engineering studies [6] - TLC will conduct studies to confirm sustainable pumping rates and will be responsible for constructing necessary water delivery infrastructure [6] - The initial term of the water reservation is three years, with options for up to seven additional one-year renewals [6] Project Development Phases - Phase 1 of the TLC Project aims for a nominal production of approximately 24,000 tonnes per year of lithium carbonate equivalent (LCE) [6] - Phase 2 plans to expand production to a nominal 48,000 tonnes per year of LCE, positioning TLC among the largest lithium operations in the U.S. [6]