When a public resource company disavows half a year of assays after market close, you know it’s going to be a wild ride in the morning. American Lithium Corp. (LI.V) had published results on Aug. 11, Oct. 12 and Nov. 3 on their Fish Lake property in southwest Nevada’s Esmeralda County. Yesterday, the company announced it had learned the assays were overstated. Right in the middle of a financing.
Well, it’s no LIX, but with the current swathe of companies dashing into the lithium space, hoping to hitch a ride on the greater sector’s coattails, we’ve started to take a closer look at the sector and will now commence regular coverage of Resolve Ventures (RSV.V), among others.