American Lithium Minerals, Inc Announces Strategic Acquisition of 19% Interest in Cunningham Mining Ltd
Prnewswire·2026-01-16 13:00

Core Insights - American Lithium Minerals, Inc. has acquired a 19% interest in Cunningham Mining Ltd, focusing on high-value mineral and rare earth elements [1] Group 1: Acquisition Details - Cunningham Mining Ltd owns the "Nugget Trap" Placer Claims in British Columbia, covering 573.7 acres, with permits for a 30,000 cubic yard per annum pay mining program [2] - An independent assay indicated an average of over 25.54 grams of gold per cubic meter of pay, along with significant amounts of silver [2] Group 2: Market Context - The region is gaining interest due to a strengthening gold market and infrastructure advancements, with Seabridge's KSM Project nearby, estimated to have proven and probable reserves of 38.8 million ounces of gold and 10.2 billion pounds of copper [3] Group 3: Leadership and Strategy - Ryan Cunningham has been appointed as President and CEO of American Mineral Resources, Inc., bringing extensive operational experience in mining and resource management [4] - The company is developing a portfolio that includes the Sarcobatus Lithium property in Central Nevada and aims to expand exploration and acquisition of mineral properties globally [4] Group 4: Company Overview - American Lithium Materials, Inc. is focused on gold, lithium, rare earths, cobalt, nickel, and other critical metals, and is transitioning into a commodity acquisition and tokenization vehicle [5]