American Lithium Minerals (AMLM) has acquired a 19% stake in Cunningham Mining, which owns the Nugget Trap Placer Claims in the Golden Triangle region of British Columbia, Canada.
The financial terms of the deal were not disclosed.
The property involved in the deal is located in the Skeena Mining Division. It spans 573.7 acres and includes necessary permits for a 30,000-cubic yard annual mining programme authorised by the British Columbia Ministry of Mines.
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Recent independent assays have shown an average gold content of more than 25.54g per cubic metre of pay, alongside significant silver quantities.
In close proximity to Cunningham Mining’s claims, Seabridge Gold’s KSM Project represents one of the largest undeveloped gold deposits globally.
KSM has estimated proven and probable reserves of 38.8 million ounces (moz) of gold and 10.2 billion pounds of copper.
The region’s gold is typically fine-grained, originating from large upstream deposits such as those managed by Seabridge Gold.
In tandem with the acquisition, American Lithium Minerals has announced Ryan Cunningham as president and CEO of its subsidiary, American Mineral Resources.
Cunningham is set to bring significant experience in mining operations, land development and resource management to the role.
American Lithium Minerals’ other projects include La Grande Plata in Chile for silver extraction, and Furano, a copper-gold project also located in Chile.
In Canada, the company is involved in various projects across Quebec and the Yukon, including polymetallic and rare earth ventures.
Furthermore, the company is progressing its Sarcobatus Lithium property in central Nevada while actively seeking additional exploration and acquisition opportunities to expand its mineral holdings worldwide.
In December 2025, American Lithium Minerals secured exclusive option rights to three key mineral properties in Quebec. This move significantly broadens the company’s portfolio of projects focused on critical and precious metals.
The assets involved in the deal encompass the Piscau-North polymetallic project, the QC rare earth elements project and the Couture project.
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