Stantec Appraisal Completed for Nye County Sarcobatus Flat Lithium Brine Project
Stantec valued a 4,680-acre Nye County lithium project at $2.7 million, placing it steps from the only active lithium brine mine in the U.S.
A 4,680-acre stretch of Nye County desert now carries an independent price tag: Stantec Consulting Services Inc. appraised the Sarcobatus Flat Lithium Brine Project at USD $2,719,743, using a market-based comparison to similar lithium exploration property transactions.
American Lithium Minerals Inc. (OTC: AMLM), an exploration-stage company focused on critical metals and rare earth elements, announced the completed appraisal on March 18, 2026. The property, also referred to as the Sarcobatus Lithium Property, consists of 234 unpatented placer claims on federal land within a structurally closed basin that the company describes as geologically similar to Clayton Valley, home to Albemarle's Silver Peak Mine, the only active lithium brine operation in the United States.
The geological setting is central to the project's early appeal. The basin is surrounded by volcanic tuff and ash formations, which AMLM characterizes as key source rocks for lithium brine systems, and the property's characteristics align with the USGS Preliminary Deposit Model for Lithium Brines. Surface sampling verified by independent consultants returned anomalous lithium values of 140 to 300 parts per million, a range the company describes as consistent with early indicators seen in other Nevada lithium basins. No drilling results have been reported, and the asset remains classified as early-stage exploration.
The $2.72 million valuation is modest relative to advanced Nevada lithium projects, a point AMLM acknowledges by positioning Sarcobatus Flat as a low-cost entry point. The property sits within a corridor that includes Nevada Lithium's Bonnie Claire Project, which has reached the preliminary economic assessment stage with a multi-million-tonne resource, and American Battery Technology Company's Tonopah Flats Project, which is at the pre-feasibility stage.
The full technical report is expected to be filed with securities regulatory authorities and posted to the company's website within the coming weeks.
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