OTC Bulletin Board

S & P Company Insight for AMERILITHIUM CORP
 
 Profile

 
Business Summary: Amerilithium Corp., an exploration-stage company, acquires and explores mining properties. The company has amassed a lithium portfolio consisting of approximately 724,000 acres, including three Nevada-based projects, a project in Alberta, Canada, and a project in Western Australia.
 
Address
  297 Kingsbury Grade, Suite 100
  Lake Tahoe , NV 89449-4470
  Phone: 775-996-2210
  Fax: 775-996-2212
  Website: http://www.amerilithium.com
Auditor
  Thomas J Harris, CPA
Transfer Agent
  Island Stock Transfer
Employees:  6
ShareHolders:  43
Founded:  2004
Domicile:  Nevada
 
  
 
 Background

 
Amerilithium Corp., in the exploration stage as of Mar. 31, 2010, engages in the acquisition and exploration of mining properties. The company has amassed a lithium portfolio consisting of approximately 724,000 acres, including three Nevada-based projects, a large project in Alberta, Canada, and a project in Western Australia. The company reported in May 2010 that it had signed agreements on the five properties. The company's Nevada-based Paymaster Project is a 5,880-acre claim block adjacent to the Clayton Valley playa, where lithium-rich brines and evaporates have been accumulating for more than 30,000 years. As of May 5, 2010, the first phase of a three-phase exploration program on the project was completed. The Clayton Deep Project is a 5,280-acre (8.25 square mile) claim block covering the entire Southwest Gravity Low in Clayton Valley, Nevada. The project's placer claims lie less than 10 miles southwest of the only U.S.-based lithium producing plant, operated by Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The Full Monty Project is a 5,760-acre block (9 square miles) of federal placer mining claims in Nye County, Nevada, 25 miles north of Clayton Valley's prime lithium-mining region. The asset is served by an established road system and high voltage power lines that cross the company's property. The Americana Property in Alberta, Canada represents approximately 664,049 acres overlying a potential extension of the Leduc Formation and Beaverhill Lake Group strata/Swan Hills Formation. The company's project in Western Australia consists of three plays (Bare Rocks, Hoffman Hills and Normans Lake) covering 43,000-plus acres around and abutting Lake Dumbleyung, where an earlier survey reported the presence of salt lake brine containing lithium. On Mar. 26, 2010, Amerilithium entered into a $10 million financing agreement with a European institutional investor focused on mining ventures. As of Apr. 29, 2010, the company had received its second drawdown on the finance agreement, effectively enabling it to accelerate its ongoing U.S. exploration program on its Paymaster Project in Nevada. Amerilithium Corp. was incorporated in 2004 and is headquartered in Lake Tahoe, Nevada.
History:  INCORPORATED in Nevada Feb. 2, 2004, as Kodiak International, Inc.; name changed to Amerilithium Corp. Feb. 18, 2010.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Matthew  WorrallChief Executive Officer

Directors
 Matthew  Worrall
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
Mineral property expenditures-8
General and administrative expenses8228
Currency losses16
Net income(83)(42)
Share earns. basic($0.01)($0.01)
 
Balance Sheet
  20092008
Assets:
Cash123
Tot. curr assets123
Total assets123
Liabilities:
Advances from shareholder10-
Tot. curr. liabs.10-
Com. stk. p.$0.00177
Paid-in cap.12979
Retained earns.(145)(63)
Total liabs.123
 
  
 
 Interim Report

 
Interim Report    01/01/2010  -  03/31/2010
 
Income Statement
  2010
Salaries13
Legal and professional fees55
Marketing and Advertising28
Other general and administrative9
Currency losses2
Net income(107)
Share earns. basic($0.01)
 
Balance Sheet
  2010
Assets:
Cash11
Tot. curr assets11
Net Fixed Assets 3
Mining Claims 6,298
Total assets6,312
Liabilities:
Notes pay.501
Advances from shareholder30
Tot. curr. liabs.531
Com. stk. p.$0.000113
Paid-in cap.5,195
Stock subscription payable825
Retained earns.(252)
Total liabs.6,312
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue
 
Data Not Available
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2009   Full Year (80,000)
  2008   Full Year (20,000)
  2006   Full Year (20,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.01)
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   3Nil
  2007   Full Year Nil
  2006   Full Year Nil
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par150,000,00056,900,000
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  03/23/2010, 43.
PRINCIPAL STOCKHOLDERS: March 23, 2010, Henry Bush owned about 29% of the Common.
 
Transfer Agent:  Island Stock Transfer   St. Petersburg , FL
 
OTC Bulletin Board( Primary): AMEL
 
ExchangeYearHighLow
OTC Bulletin Board20100.00000.0000
 
DIVIDENDS: Common $0.001 par: No cash. Common split 8-for-1, Mar. 9, 2010.