Pan American Lithium Corp.
TSX VENTURE : PL
OTC Bulletin Board : PALTF

Pan American Lithium Corp.

April 07, 2010 08:45 ET

Pan American Lithium Corp. Featured as Stock Pick by KonLin Investment Letter

TUCSON, ARIZONA--(Marketwire - April 7, 2010) - Pan American Lithium Corp. (OTCBB:PALTF)(TSX VENTURE:PL)(www.panamericanlithium.com), a junior lithium exploration company based in Tucson, AZ, announced today that it is featured as a special stock pick in the April issue of the KonLin Letter, an independent New York-based investment newsletter (www.konlinletter.com) published by KonLin Research & Analysis. The investment letter cited the junior company as having an existing portfolio of rights in nine salars (brine lake and dry lake beds) in region III of Chile and the option to acquire an interest in a geothermal brine project in Mexico. 

The KonLin Letter recognized the biggest single use of lithium is rechargeable lithium batteries for cell phones, cordless tools, laptops, MP3 players and video cameras. This segment represents about 30% of all lithium demand in the world and is growing at a 25% rate per year. The Konlin Letter also highlighted the following about PALTF, stating the ultimate target of 4-5:

  • "Most exciting, PALTF possesses advanced projects with near-term production potential in stable mining-friendly jurisdictions. Also, a large industrialized investor has signed a Letter of Intent in January to invest $5 million in PALTF and is winding down their technical due diligence."
  • "PALTF's astute management team, with President/CEO Andrew Brodkey (a mining engineer and mining lawyer) at the helm. As a result of strategic acquisitions (he) has positioned PALTF as a lithium junior with quality assets among the lowest production costs, allowing them to be first into market capturing the next wave in mineral exploration lithium."
  • "PALTF's Mexican partners, who own the private company Escondidas, entered into a joint venture with CPI Internacional, the owners of the brine concessions, to commercialize the geothermal brines. After successful due diligence, PALTF plans to purchase 76% or controlling interest in Escondidas, giving them an indirect 25% of the project. The strategic partnership puts PALTF light years ahead of most of its competitors since all the intense exploration and drilling work has been completed."
  • "One of PALTF's best Chilean salars is Laguna Verde, which can be pretty easy to pump and extract brines from. This gives PALTF a tremendous advantage over their competitors, as the Chilean projects could be the lowest product cost among other sources of Li and are going to be the first in getting the resource estimates, taking them to feasibility and ultimate production!"
  • The KonLin Letter also noted "PALTF will probably be the first to market geothermal brines in Mexico and nine salars in Chile with the goal of producing up to 10,000 tons of lithium carbonate a year."

On Behalf of the Board,

PAN AMERICAN LITHIUM CORP.

Andrew A. Brodkey, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pan American Lithium Corp.
    Damien Lowry
    866-669-9377 (toll free)