American Lithium acquires 19% stake in Cunningham Mining

Acquisition Details - American Lithium Minerals (AMLM) has acquired a 19% stake in Cunningham Mining, which owns the Nugget Trap Placer Claims in the Golden Triangle region of British Columbia, Canada [1] - The property spans 573.7 acres and includes permits for a 30,000-cubic yard annual mining program authorized by the British Columbia Ministry of Mines [1] Resource Potential - Recent independent assays have shown an average gold content of more than 25.54 grams per cubic meter of pay, alongside significant silver quantities [2] - Seabridge Gold's KSM Project, located near Cunningham Mining's claims, has estimated proven and probable reserves of 38.8 million ounces of gold and 10.2 billion pounds of copper, representing one of the largest undeveloped gold deposits globally [2] Management Changes - Ryan Cunningham has been announced as president and CEO of American Mineral Resources, a subsidiary of American Lithium Minerals, bringing significant experience in mining operations, land development, and resource management [3] Other Projects - American Lithium Minerals is involved in various projects, including La Grande Plata in Chile for silver extraction and Furano, a copper-gold project also in Chile [4] - The company is progressing its Sarcobatus Lithium property in central Nevada and actively seeking additional exploration and acquisition opportunities to expand its mineral holdings worldwide [4] Portfolio Expansion - In December 2025, American Lithium Minerals secured exclusive option rights to three key mineral properties in Quebec, broadening its portfolio focused on critical and precious metals [5] - The assets involved include the Piscau-North polymetallic project, the QC rare earth elements project, and the Couture project [5]