American Lithium Minerals Announces the Appointment of Mr. Timothy Casgrain to the Board of Directors
04 Maio 2010 - 9:15AM
Marketwired
American Lithium Minerals Inc. (OTCBB: AMLM)
(www.Americanlithium.com) (the "Company") announced today the
appointment of Mr. Timothy Casgrain to the Board of Directors.
Mr. Casgrain was formerly with the accounting firm of Deloitte
& Touche and is currently Vice-Chairman of Skyservice
Investments Inc., a wholly owned Canadian aviation company, and has
been involved since 1997. From 1976 to 2002, he served as Executive
Vice President of Brookfield Asset Management and from 1988 to 1995
he was appointed to NBS Technologies Inc. as President and Chief
Executive Officer. Mr. Casgrain was appointed Chair of the
CBC/Radio-Canada Board of Directors on April 27, 2007, for a
five-year term.
Mr. Casgrain is the Chairman of the Toronto Rehab Foundation as
well as the Canadian Sports Hall of Fame. He is also a Director on
the Boards of the Canadian Foundation for Economic Education and
Hippy Canada. Born in Montréal, he received a Bachelor of Arts
degree from McGill University in 1969. In 1976, he became a member
of the Order of Chartered Accountants of Québec.
About American Lithium Minerals
American Lithium Minerals Inc. is an early stage lithium
exploration company engaged in evaluating, developing and acquiring
lithium projects, with a focus on the USA. The Company is actively
working on the Montezuma Valley, Nevada lithium brine property
acquired in 2009 and the development of its newly acquired North
and South Borate Hills, projects. With the United States
government's growing interests in domestic production of lithium
being such an important component of their green energy plan, it
will become more and more advantageous to control significant
resources of this particularly important element.
About Lithium
As a result of lithium-ion battery demand for hybrid-electric
and electric cars, the increase in demand for lithium carbonate is
expected to increase four-fold by 2017. High demand and low supply
has already pushed lithium carbonate (Li2CO3) prices to US$6,600.00
per ton. There is currently only one producer of lithium carbonate
in the United States, Chemetall's Clayton Valley Operation. The
Great Basin of the United States represents excellent potential for
the discovery of new lithium brine deposits and American Lithium
Minerals is well positioned for detection with its projects.
Lithium is used for batteries, specialty glass, lubricants,
pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries
have become the rechargeable battery of choice in cell phones,
computers, hybrid-electric cars and electric cars. GM, Ford,
Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and
Mercedes-Benz have all announced plans to build Li-ion
battery-powered cars. Demand for lithium-powered vehicles is
expected to increase fivefold by 2012. The domestic automotive
industry must secure a lithium source to supply the next generation
of hybrid-electric and electric vehicles. Over 60% of cell phones
and 90% of laptops use lithium batteries. The worldwide market for
lithium batteries is estimated at over $4 billion per year.
Forward-Looking Statements
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
For Additional Information, Contact: Stephen Cook Vice
President/Investor Relations Tel: 877-717-2656 E-mail:
info@americanlithium.com
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