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American Lithium secures legal win as Peruvian court confirms ownership of 32 concessions
American Lithium (TSX-V: LI) (NASDAQ: AMLI) announced on Wednesday that Peruvian Superior Court has unanimously confirmed title of the company’s 32 disputed mineral concessions out of 172 owned by American Lithium. In a statement, American Lithium said that the Court ruling, consistent with prior legal proceedings, “clearly establishes” that Macusani Yellowcake, the company’s subsidiary, is the “rightful owner” of these concessions. CEO Simon Clarke said, “We are extremely pleased with this ruling as it validates the company’s contention that the actions of INGEMMET and MINEM were inappropriate from ... (full story)