AMEL (Amerilithium Corp) .0012 52 week low and 6 million contract and reveneues

AMEL (Amerilithium Corp) 

 

Contact:
AmeriLithium Corp
871 Coronado Center Dr.
Ste. 200
Henderson
Nevada
89052

Phone: (702) 583-7790
Fax: (702) 583-7791
Email: info@amerilithium.com
Facebook: www.facebook.com/AmeriLithium
Twitter: www.twitter.com/AmeriLithium
Web: www.AmeriLithium.com

ABOUT 

AmeriLithium is a publicly traded (OTCQB: AMEL), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~727,779 acres, including four Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia. AmeriLithium is moving toward becoming a vertically integrated energy service company. AMERILITHIUM is keen on making complementary acquisitions in the same vertical and horizontal business segments.

LITHIUM

Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries.

Latest News

AMERILiTHIUM Corp Signs Letter of Intent to Acquire Energy Business With $6,000,000 in Annual Revenues and 24 Year Operating History HENDERSON, Jul 28, 2014 (GLOBE NEWSWIRE via COMTEX) -- AMERILiTHIUM Corp. (OTCBB:AMEL), (the "Company" or "AMERILiTHIUM") (www.AMERILiTHIUM.com) is pleased to announce it has signed a Letter of Intent to acquire Patten Energy, Inc. ("Patten") of Los Angeles, CA. The Company's acquisition of Patten, which is subject to definitive documentation, is part of the broader strategic initiatives that the Company is currently undertaking. Patten Energy is a successful, well established diversified energy company with a rich history spanning 24 years. Patten's senior management, headed by its founder Ezekiel Patten, MBA, has led the company to over $6,000,000 in 2013 revenues.

Patten Energy is a diversified energy firm specializing in the marketing of natural gas, propane and petroleum products to utilities, fleets, industrial and commercial markets. In 2005, Patten expanded to include services such as IT, environmental remediation and hazardous waste. Their client list includes businesses of various sizes, as well as segments of the federal, state and local governments.

The Company will be maintaining their Lithium and other mining assets in order to retain their value, and although there is no immediate plans for divesting or investing in the mining assets, they will be exploring strategic alternatives which are the most beneficial to Shareholders.

 

Pivot Price .0015

Potential Target .004-.008

Breakout close above .004

Key Points

-Lithium Stock these tend to rally as a TREND

-6 million dollar contract as per last July 2014 news
-Bottom last time around saw .02 from .0014 in Feb 2014
-Low share structure

-Level 2 shows strong bid at 52 week lows