(Investrend Research Syndicate) -- Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has initiated coverage on AmeriLithium Corp., (OTCBB: AMEL), an emerging lithium exploration company. The 10-page report dated May 18, 2010, includes an 18-24 month target price, which is supported by the DCF valuation.
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A complementary report
, which includes important disclosures, disclaimers and analyst qualifications, is available for download via the InvesTrend Syndications website (
According to the report:
“Lake Tahoe-based AmeriLithium Corporation is a junior exploration company seeking to develop lithium properties in North America and internationally. Through its aggressive acquisition and exploration strategy and in a very short period of time, AmeriLithium has acquired ~724,000 acres of leaseholds and is one of the largest leasehold of all pure lithium players worldwide and has established the foundation for an aggressive exploration and development program. AmeriLithium now controls strong claims in Nevada comprising 16,920 acres with two properties adjacent to the only currently producing lithium brine mine in the United States. The first exploration program began on the Company’s 5,880-acre Paymaster Project in Clayton Valley. The Company secured a $10 million equity financing, enabling it to execute and accelerate its geological exploration program to prove up its assets. Lithium produced from brine is the main source of lithium carbonate used in Li-ion batteries, the emerging application in drivetrain technology.