American Lithium Minerals, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $3.5M
- Price
- $0.0602
- % Change (Daily % change from the live per-ticker quote feed.)
- -12.12%
- Volume
- 4.0K
About
American Lithium Minerals, Inc. (ALML) is a U.S.-based enterprise dedicated to the exploration for lithium and rare earth minerals. Its diverse portfolio of properties includes the Stonewall Flat Lithium project, which covers an estimated 1,250 acres within Nevada's Lida Valley Basin on Stonewall Playa. The company also controls the Kingman Rare Earth project, comprising two distinct sites: the Kingman Feldspar Mine and the Mineral X property. Additional holdings consist of the Silver Peak Lithium prospect, a claystone lithium deposit made up of 24 lode mining claims in Esmeralda County, and the West End Lithium property, similarly featuring 24 lode mining claims in Nye County, Nevada. Originally established in 2005, the firm adopted its current name in March 2009, having previously operated as Nugget Resources Inc. American Lithium Minerals, Inc. maintains its headquarters in Las Vegas, Nevada.
Quick stats
Shares outstanding57.6M
Computed float53.4M
Float / shares92.7%
Key info
SectorBasic Materials
IndustryOther Precious Metals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001356371
AI Summary
AI-generated1/11
minormixeddebt offering
AMLM Announces Conversion of Worldwide Diversified Holdings, Inc. Note into Common Shares, Strengthening Balance Sheet and Expanding Shareholder Base
American Lithium Minerals (OTC: AMLM) announced that Worldwide Diversified Holdings will convert its outstanding note into AMLM common shares, eliminating the associated debt from the balance sheet.
The deal includes an initial transfer of one AMLM share for every ten Worldwide common shares in Q4, and is expected to push AMLM's shareholder count above 500 — a key threshold for uplisting to a national exchange.
The conversion is framed as a strategic endorsement ahead of planned acquisitions, though the amount of debt extinguished and resulting dilution are not disclosed.
Red flags
- Note principal amount not disclosed — dilution magnitude unknown
- Uplisting plans remain aspirational; no exchange application or timeline confirmed
- Micro-cap OTC issuer with heavy promotion-style framing ('transformative step')