‘Not to be relied upon’: American Lithium (LI.V) walks back assays, plummets 20%

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.