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American Lithium Minerals (OTC: AMLM) is attracting increased investor attention following a series of exploration updates across its Chilean copper and silver assets, alongside notable share-price momentum and elevated trading volumes throughout January.
On February 3, 2026, the Company announced progress on its transaction with Aeramentum Resources Limited covering the Furano Copper-Gold Project in northern Chile. AMLM confirmed that quotes have been obtained for induced polarization (IP) geophysics and diamond drilling, with a drilling program planned in the coming months to follow up historical work completed by Nittetsu during 2011–2012.
Furano is located approximately 85 kilometers northeast of the port city of Iquique and 25 kilometers northwest of the Cerro Colorado copper mine, operated by BHP. BHP has announced plans to restart Cerro Colorado as part of its broader Chilean copper expansion strategy, supported by significant capital investment. Furano hosts 27 exploitation licenses and approximately 9,000 meters of historical drilling, including intercepts such as 50 meters grading 1.2% copper and 10 meters grading 2.4 g/t gold. Importantly, drilling has not tested depths below 300 meters, leaving the deeper porphyry system largely untested.
In a separate update released January 27, 2026, AMLM reported progress at the La Grande Plata Silver Project, where recent sampling returned high-grade results exceeding 680 g/t silver and 3% copper along more than 7.5 kilometers of exposed Ag-Cu-Au vein strike. Mapping, trenching, and site preparation are underway ahead of a planned March diamond drilling program.
AMLM’s stock reflected this momentum, closing at $0.07 on January 7, 2026, reaching a new 52-week high of $0.25 during January, and closing yesterday at $0.1875, with well-above-average trading volumes recorded throughout the month.
As exploration activity accelerates and metals prices remain elevated, investors are increasingly tracking small-cap and penny-stock miners tied to copper, silver, gold, and critical minerals. Other miners drawing attention alongside AMLM include Dateline Resources (OTCQB: DTREF), Power Metallic (OTCQB: PNPNF), Brookmount Gold (OTC: BMXI), and B2Gold Corp (NYSE: BTG), as trading activity across the sector remains active in early trading.