AMLM Announces Strategic Acquisition of Potentially Major Silver and Copper Projects in Chile

Core Viewpoint - American Lithium Minerals Inc. (AMLM) has announced the acquisition of two significant projects in Chile, the La Grande Plata silver project and the Furano copper-gold porphyry project, marking a strategic expansion into the Chilean mining sector [1][2]. Acquisition Details - AMLM has secured exclusive options to acquire 100% ownership of both projects, leveraging Aeramentum Resources Limited's due diligence and exploration planning [2]. - The acquisition involves purchasing 100% of the projects through AMLM securities, with additional contingent payments linked to defined discovery milestones [3]. Project Highlights La Grande Plata - La Grande Plata is a high-grade silver project located in northern Chile, featuring up to 10km of identified mineralized strike and average grades of approximately 400g/t AgEq [4][5]. - The project spans 1,325 hectares and has significant alteration zones, making it a prime target for rapid resource definition [5]. Furano - Furano is a promising copper-gold porphyry project covering 9,000 hectares, with historical drilling showing significant mineralization, including 100m at 0.9% CuEq [6]. - The project is drill-ready with 39 permitted drill pads and a planned 2,000m drilling program [7]. Strategic Importance - The acquisition is seen as transformative for AMLM, adding high-impact silver and copper assets in a premier mining jurisdiction, surrounded by major companies like BHP and Codelco [6][8]. - The transaction is expected to close in Q1 2026, with drilling anticipated to commence in mid-2026, positioning the company for growth in a favorable metals market [9].