American Lithium Minerals (AMLM) announced the acquisition of two mining projects in Chile: La Grande Plata (silver) and Furano (copper-gold). The assets come from Aeramentum Resources Limited, a private explorer based in Australia, which represents a significant expansion of AMLM's portfolio in the prolific Chilean mining belt.

Under the terms of the agreement, AMLM secured exclusive options to acquire both projects , taking advantage of the due diligence and exploration planning already developed by Aeramentum. The transaction contemplates the purchase of 100% of the projects in exchange for AMLM securities with additional provisions and contingent payments linked to defined discovery milestones. Initial option fees and quarterly rental payments will be assumed as part of the final agreement.

The company expects to close the operation in the first quarter of 2026 , subject to usual conditions, and integrate the projects into its pipeline, with drilling planned for mid-2026.

The Great Silver

This is a high sulfidation silver epithermal project with up to 10 km of mineralized course identified. The project is located in the northern mountain range of Chile , approximately 2.5 hours from La Serena and close to a main road. In surface sampling, the company reported average grades close to 400 g/t AgEq, with equivalent values ​​that include silver, copper, gold and lead, along 6–8 km of course and more than 0.5 km of vertical extension.

Among the notable results, AMLM reported high-law channels such as:

• 9 m with 407 g/t Ag, 4% Cu, 0.73 g/t Au (703 g/t AgEq)

• 4 m with 497 g/t Ag, 1.44% Cu, 0.35 g/t Au (643 g/t AgEq)

The company highlighted that the project is surrounded by relevant operations such as Codelco, Antofagasta, Barrick Gold and Fortescue , which reinforces the regional attractiveness from a logistical and infrastructure point of view.

AMLM reported that it is ready to start with 39 drilling platforms allowed (4–5 already built), roads enabled and a planned program of 2000 meters of drilling. AMLM also indicated that the project presents geological similarities with Filo del Sol (according to the company, a large-scale system in the area), which increases exploratory interest in the type of rocks and shared structural controls.

The project would cover 1,325 hectares, with large areas of alteration and potential for rapid development, aiming at an accelerated definition of resources if continuity and favorable geometry are confirmed.

Furan

This asset is located in the Tarapacá Region, about 85 km northeast of Iquique and approximately 25 km northwest of the Cerro Colorado mine (BHP). The project covers nearly 9,000 hectares in exploration licenses.

AMLM indicated that there is shallow historical drilling (less than 200 m) with intersections considered significant, including:

• 100 m with 0.9% CuEq from 100 m, with 50 m @ 1.2% Cu

• 10 m with 2.4 g/t Au from 40 m

The company added that four drillings ended in primary copper mineralization (0.1–0.3% Cu) over almost 2 km of course, and that the system would be open at depth, an element that usually supports more aggressive drilling programs if confirms the continuity of the porphyry.

Furano was also described as an objective with a large alteration zone, consistent with a larger porphyry system, and located in rocks of similar age to world-class deposits such as Escondida and Chuquicamata. As for next steps, AMLM projects 1500–2000 m campaigns during 2026, after IP type geophysical surveys (induced polarization).

The announcement also highlighted access to infrastructure—paved roads and proximity to copper producers—as a factor that reduces operational friction for field campaigns.

Full Article (in Spanish) via Mineria Pan Amiricana