Business Activism: AmeriLithium Snubs Afghanistan
June 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — AmeriLithium Corp. (AMEL.OB) has released a statement underscoring the company's, “steadfast and economical commitment” to securing Lithium resources within the U.S. and what it calls “US-friendly countries” in the wake of a dramatic announcement by the United States government last week that vast mineral riches – including lithium — had been discovered in Afghanistan.
In addition to “U.S. and U.S. friendly countries, AmeriLithium pledges to do business in places with, “stable economies and established mining industries and infrastructure.”
Matthew Worrall, CEO of AmeriLithium, said, "We need to secure our own resources to meet our own future demand."
In its dramatic statement, AmeriLithium cited a June 13 New York Times article stating that, Afghanistan's "war-bedraggled economy" is largely based on narcotics trafficking and opium production, while representing a GDP of only ~$12 billion.
The article reports that, politically, the country's government continues to be plagued by charges of corruption and favoritism, while its leader, President Karzai, "seems increasingly embittered toward the White House."
Worral went on to say, "We can't afford to become reliant on unstable and volatile relations with other countries for Lithium like we've done with oil."
Nevada-based AmeriLithium currently holds Lithium properties in the U.S., Canada and Australia.
Lithium is a lightweight metal used in a range of consumer products. Interest in the metal has increased dramatically in recent years due to its use in rechargeable Lithium batteries used in electrical tools and in the rapidly expanding portable electronics market.
Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Copyright © MMX, FinancialWire(tm); All rights reserved.
[hlmsmlh] [mnngmrls] [ntrntnlcmpnsbsnss] [bsnnssb] [dvcmntnmc] [ftrdnwswnd] [cndnexh] [astrlnlrt] [nvstnggts] [ctvstsvtc]