PALF, AMEL and CCPF: Lithium or Coal Mining Stocks With News to Dig Into

Pan American Lithium (OTC: PALTF), Amerilithium (OTC: AMEL) and Colombia Clean Power & Fuels (OTC: CCPF) are three small cap lithium or coal mining stocks that have recently reported news or provided updates for investors. Specifically, PALF provided an update about their deal with POSCO, AMEL acquires more acreage around existing lithium production and CCPF will take over the operations of a Colombian coal mine on October 1. Of course, now may not be the best time to rush out and invest in small cap lithium or coal mining stocks like PALF, AMEL and CCPF but they might be worth watching until economic conditions improve. Hence, here is a closer look at all three lithium or coal mining stocks to help you decide whether their recent news or press releases warrant further digging into:

Pan American Lithium (OTC: PALTF) Provided an Update About Their Deal With POSCO

Pan American Lithium is a lithium mining company with eleven lithium and potash-bearing brine projects in Chile's Atacama Region III that cover more than 20,000 hectares plus the company has an option to purchase an indirect interest in the Cierro Prieto geothermal lithium brine project in Baja California Norte, Mexico. Pan American Lithium’s President and CEO recently discussed their agreement with South Korea’s POSCO (NYSE: PKX), the fourth largest steel producer in the world. The deal will help Pan American Lithium to accelerate their Chile lithium pilot facility project with the goal to develop and construct a pilot facility at one of the company’s eleven Chile lithium locations. In addition, POSCO now has a 19.9% stake in Pan America Lithium. On Wednesday, Pan American Lithium closed at $0.108 (PALTF has a 52 week trading range of $0.11 to $0.20 a share). Investors should note that Pan American Lithium has no revenues; net losses of $2,431k (most recent financial year), $1,314k and $42k for the past three financial years; and $169k (February 28, 2011) in cash and cash equivalents to cover $407k in current liabilities.

Amerilithium (OTC: AMEL) Acquires More Acreage Around Existing Lithium Production

Amerilithium is an exploration stage mining company with a lithium mining portfolio consisting of approximately 724,000 acres that include three Nevada lithium projects near the only lithium producing plant in the US, a large project in Alberta (Canada) and a project in Western Australia. AmeriLithium has recently announced the execution of a definitive agreement to acquire a 100% interest in the Jackson Wash Lithium brine project in Esmeralda County, Nevada. This will increase the company’s holdings around Clayton Valley’s existing Lithium production to over 19,000 acres or over 30 square miles of. On Wednesday, Amerilithium rose 18.75% to $0.19 (AMEL has a 52 week trading range of $0.13 to $0.57 a share). However, investors should be aware that Amerilithium has no revenue; net losses of $241k (most recent quarter), $256k, $595k and $163k for the past four quarters; and $468k (June 30, 2011) in cash and cash equivalents to cover $51k in current liabilities and $468k in long term debt.

Colombia Clean Power & Fuels (OTC: CCPF) Will Take Over the Operations of a Colombia Coal Mine on October 1

Colombia Clean Power & Fuels is an exploration-stage mining company with coal mining concession contracts in Colombia. Recently, the media noted that Colombia Clean Power & Fuels will take over the operation of a working coal mine at Ruku in Colombia on October 1 and that the company expects to have a second larger mine (to be known as Otanche) in operation within the next quarter or two. Colombia Clean Power & Fuels’ CEO has also pointed out that Colombia offers a great opportunity for the metallurgical market and has an estimated 2 billion mt of met coal reserves while total annual production is only about 3 million mt. On Wednesday, Colombia Clean Power & Fuels closed at $1.01 (CCPF has a 52 week trading range of $0.80 to $2.85 a share). Investors should also note that Colombia Clean Power & Fuels has no revenues; net losses of $3,874k (most current quarter), $2,985k, $1,370k and $719k for the past four quarters; and $20,530k (June 30, 2011) in cash and cash equivalents to cover $2,280k in current liabilities and $5,071k in total liabilities.

The Bottom Line. On the financial side of things, small cap coal mining stock Colombia Clean Power & Fuels looks more exciting than small cap lithium mining stocks Pan American Lithium and Amerilithium.