AmeriLithium (AMEL.OB) Taps into $10M Financing to Commence 3-Stage Exploration Program
AmeriLithium today announced its request for the first draw from its $10 million finance agreement secured to launch the company’s exploration program on its Paymaster Project in Nevada. The company’s three-stage exploration Paymaster Project is a 5,880-acre claim in an area that reportedly has the highest lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern U.S. playas and basins. “It's always exciting to take the next step in a company's development. We're fortunate at AmeriLithium to be well funded such that we can move forward with our Paymaster Project exploration program at this time.…