AMERICAN LITHIUM MINERALS, INC.

AMERICAN LITHIUM MINERALS, INC. deregistered its securities, ending its obligation to file reports with the SEC.

listing compliance notice

Trivest Pty Ltd walked away from its $9.5 million binding offer to buy the company's 60% interest in the Borate Hills project, ending a sale that could have been transformative for the cash-strapped company.

material agreement termination

Restated the BG Capital financing on tougher terms: the conversion price was fixed at just $0.05/share (versus the prior 50%-of-market formula) and BG Capital's designee, Craig Thomas, held a board seat - a related-party lender now with direct board influence, and a further sign of financial distress.

material agreement

Lined up up to $2 million in convertible debenture financing from BG Capital Group (via designee Look Back Investments), at a steep 50%-of-market conversion discount and 11% interest - an expensive, dilutive financing structure signaling real cash strain, secured against the Borate Hills property.

material agreement

Took on a further $350,000-plus-$150,000 secured convertible note from the same 2245393 Ontario investor, conditioned on raising at least $100,000 more elsewhere and filing an NI 43-101 report by July 2011, and amended the terms of the 2010 note from the same lender.

capital raising announcement

Took on up to $750,000 in secured convertible note financing from Ontario investor 2245393 Ontario, Inc. ($500,000 advanced initially), secured against the company's assets.

material agreement

Signed a memorandum of agreement giving Japan Oil, Gas and Metals National Corporation (JOGMEC) - a Japanese government-backed resource company - an option to earn up to a 40% interest in the North and South Borate Hills project for $4 million invested over three years, a major strategic validation for the young company.

material agreement

Bought the Borate Hills property and related Nevada/Utah mining claims from Robert and Barbra Craig, Elizabeth Dickman and Nevada Alaska Mining Co. for a combined $80,000, 1.7 million shares and 2% royalties - the deposit that becomes the company's main asset for the next several years.

asset acquisition disposition

Under new President and CEO Hugh Aird, agreed to acquire five grassroots brine exploration projects in Nevada from Gold Summit Corporation, broadening the company beyond its original GeoXplor claims.

material agreement

Filed the extended disclosure required once the GeoXplor lithium property acquisition made the company a real operating business rather than a shell.

asset acquisition disposition

Closed the GeoXplor option on a related 88-claim block (Montezuma Mineral claims) in the same Esmeralda County area, on essentially the same $363,500-plus-shares-plus-royalty terms - moving the lithium property deal from letter agreement to executed option.

asset acquisition disposition

Renamed from Nugget Resources to American Lithium Minerals and entered a letter agreement with GeoXplor Corp for an option to acquire 100 unpatented mining claims in Esmeralda County, Nevada (near Tonopah) - the company's entry into lithium exploration. The option required $370,000 over four years, 750,000 shares, a $2 million exploration commitment, and a 3% royalty on any lithium carbonate production.

material agreement