OTC Bulletin Board

S & P Company Insight for AMERICAN LITHIUM MIN
 
 Profile

 
Business Summary: American Lithium Minerals Inc., an exploration stage company, engages in the acquisition and exploration of mining properties, principally lithium. It has interests in two mineral properties located in Esmeralda County, Nevada.
 
Address
  2850 W. Horizon Ridge Parkway, Suite 200
  Henderson , NV 89052
  Phone: 702-430-4789
  Fax: 702-430-4501
  Website: http://www.americanlithium.com
Auditor
  De Joya Griffith & Company, LLC
Transfer Agent
  Island Stock Transfer
ShareHolders:  11000
Founded:  2005
Domicile:  Nevada
 
  
 
 Background

 
American Lithium Minerals Inc., an exploration stage company, engages in the acquisition and exploration of mining properties, principally lithium. It has interests in two mineral properties located in Esmeralda County, Nevada. The company also has interests in three exploration lithium brine projects in Nevada and one lithium brine project in Utah. The company was formerly known as Nugget Resources Inc. and changed its name to American Lithium Minerals Inc. in March 2009. American Lithium Minerals was founded in 2005 and is based in Henderson, Nevada.
History:  INCORPORATED in Nevada Mar. 10, 2005, as Nugget Resources Inc.; name changed to American Lithium Minerals, Inc. Mar. 2, 2009.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Patrick  ReidChairman
 Hugh H. AirdPresident & Chief Executive Officer
 Chris  HobbsChief Financial Officer
 Matthew  MarkinSecretary, Treasurer & Chief Accounting Officer

Directors
 Judy  Baker
 Tim  Casgrain
 William S. Deluce
 Matthew  Markin
 Patrick  Reid
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20092008
EXPENSES
Rent Expense, Related Party-(2,800)
General and Administrative(85,042)(8,484)
Management Fees, Related Party(12,000)(12,000)
Legal and Accounting(33,352)(16,129)
Stock based Compensation(65,660)-
Interest Income993-
Gain on Extinguishment of Accrued Liability8,500-
Earnings before Taxes(186,561)(39,413)
TAXES AND OTHER EXPENSES
Net Income (Loss)(186,561)(39,413)
 
Balance Sheet
  20092008
CURRENT ASSETS
Cash and Cash Equivalents1,232,712704
Total Current Assets1,232,712704
NON CURRENT ASSETS
Mineral Claims468,655-
Total Assets1,701,367704
CURRENT LIABILITIES
Accounts Payable and Accrued Liabilities15,3558,500
Due to Related Party63,87743,668
Total Current Liabilities79,23252,168
SHAREHOLDERS' EQUITY
Common Stock - Par Value49,75048,000
Additional Paid in Capital874,31015,900
Deficit Accumulated during the Development Stage(301,925)(115,364)
Stock Payable1,000,000-
Total Shareholders Equity1,622,135(51,464)
Total Liabilities & Shareholders Equity1,701,367704
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   Full Year Nil
  2008   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1Nil
  2010   2Nil
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year (190,000)
  2008   Full Year (40,000)
  2007   Full Year (30,000)
  2006   Full Year (40,000)
  2005   Full Year (10,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.03)
  2010   2(.07)
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4Nil
  2006   Full Year Nil
  2005   4Nil
  2005   Full Year Nil
 
  
 
 Stock Data

 
 
Capitalization as of 09/30/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par75,000,00049,750,000
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  12/22/2009, 11000.
Transfer Agent:  Island Stock Transfer   St. Petersburg , FL
 
OTC Bulletin Board( Primary): AMLM
 
ExchangeYearHighLow
OTC Bulletin Board20092.99000.3100
 
DIVIDENDS: Common $0.001 par: No cash. Common split 4-for-1, Mar. 20, 2009.