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American Lithium Issues Shareholder Letter

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American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) has issued a shareholder letter addressing recent challenges in the lithium market and outlining the company's strategy moving forward. The newly appointed Interim CEO, Alex Tsakumis, highlights:

1. The impact of declining lithium prices on industry valuations
2. Proactive measures taken by the company, including cost-cutting and management changes
3. Continued advancement of large-scale 'green metals' deposits towards pre-feasibility studies
4. Emerging marketplaces for premium pricing of lithium carbonate supplies
5. Potential value from the Macusani Uranium Project in Peru
6. Significant resource base growth at TLC and Falchani projects

The company remains focused on contributing to domestic critical metals supply chains in both the US and Peru, and plans to publish an operational update this month.

American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) ha inviato una lettera agli azionisti per affrontare le recenti sfide nel mercato del litio e delineare la strategia dell'azienda per il futuro. Il nuovo CEO ad interim, Alex Tsakumis, sottolinea:

1. L'impatto della diminuzione dei prezzi del litio sulle valutazioni del settore
2. Misure proattive adottate dall'azienda, inclusi riduzioni dei costi e cambiamenti nella gestione
3. Avanzamento continuo delle grandi riserve di 'metalli verdi' verso studi di pre-fattibilità
4. Mercati emergenti per la determinazione di prezzi premium per le forniture di carbonato di litio
5. Il potenziale valore del Progetto Uranio Macusani in Perù
6. Crescita significativa della base di risorse nei progetti TLC e Falchani

L'azienda rimane concentrata sul contribuire alla catena di approvvigionamento di metalli critici negli Stati Uniti e in Perù e prevede di pubblicare un aggiornamento operativo questo mese.

American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) ha emitido una carta para accionistas abordando los recientes desafíos en el mercado del litio y describiendo la estrategia de la empresa a futuro. El nuevo CEO interino, Alex Tsakumis, destaca:

1. El impacto de la disminución de los precios del litio en las valoraciones de la industria
2. Medidas proactivas adoptadas por la empresa, incluyendo recortes de costos y cambios en la gestión
3. Avance continuo de grandes depósitos de 'metales verdes' hacia estudios de pre-factibilidad
4. Mercados emergentes para la fijación de precios premium en el suministro de carbonato de litio
5. Valor potencial del Proyecto de Uranio Macusani en Perú
6. Crecimiento significativo de la base de recursos en los proyectos TLC y Falchani

La empresa se mantiene enfocada en contribuir a las cadenas de suministro de metales críticos tanto en los EE.UU. como en Perú, y planea publicar una actualización operativa este mes.

아메리칸 리튬 Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1)는 리튬 시장의 최근 도전에 대응하기 위해 주주 서한을 발행하고 회사의 향후 전략을 설명했습니다. 새로 임명된 임시 CEO인 알렉스 차쿠미스는 다음과 같은 사항을 강조했습니다:

1. 리튬 가격 하락이 산업 가치에 미치는 영향
2. 회사가 취한 선제적 조치, 비용 절감 및 경영 변화 포함
3. 대규모 '친환경 금속' 자원 사전 타당성 연구로의 지속적 진전
4. 리튬 탄산염 공급의 프리미엄 가격을 위한 신흥 시장
5. 페루의 마쿠사니 우라늄 프로젝트에서의 잠재적 가치
6. TLC 및 팔차니 프로젝트에서의 자원 기반 성장을 통해

회사는 미국과 페루의 국내 주요 금속 공급망에 기여하는 데 집중하고 있으며, 이번 달에 운영 업데이트를 발표할 계획입니다.

American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) a publié une lettre aux actionnaires traitant des défis récents sur le marché du lithium et décrivant la stratégie de l'entreprise pour l'avenir. Le nouveau PDG intérimaire, Alex Tsakumis, souligne :

1. L'impact de la baisse des prix du lithium sur les évaluations du secteur
2. Les mesures proactives prises par l'entreprise, y compris des réductions de coûts et des changements de gestion
3. L'avancement continu des dépôts de 'métaux verts' à grande échelle vers des études de faisabilité préliminaires
4. Les marchés émergents pour la fixation des prix premium des fournitures de carbonate de lithium
5. La valeur potentielle du projet d'uranium de Macusani au Pérou
6. Une croissance significative de la base de ressources dans les projets TLC et Falchani

L'entreprise reste concentrée sur sa contribution aux chaînes d'approvisionnement en métaux critiques aux États-Unis et au Pérou, et prévoit de publier une mise à jour opérationnelle ce mois-ci.

American Lithium Corp. (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) hat einen Aktionärsbrief veröffentlicht, der sich mit den jüngsten Herausforderungen auf dem Lithiummarkt beschäftigt und die Strategie des Unternehmens für die Zukunft skizziert. Der neu ernannte Interims-CEO, Alex Tsakumis, hebt hervor:

1. Die Auswirkungen fallender Lithiumpreise auf die Unternehmensbewertungen
2. Proaktive Maßnahmen, die das Unternehmen ergriffen hat, einschließlich Kostensenkungen und Managementwechsel
3. Fortlaufende Fortschritte bei großflächigen 'grünen Metall'-Vorkommen in Richtung Vorstudien
4. Entstehende Märkte für Premiumpreise von Lithiumcarbonat-Lieferungen
5. Potenzieller Wert des Macusani Uranprojekts in Peru
6. Signifikantes Wachstum der Ressourcenbasis bei den Projekten TLC und Falchani

Das Unternehmen bleibt darauf fokussiert, zur heimischen Lieferkette für kritische Metalle sowohl in den USA als auch in Peru beizutragen und plant, diesen Monat ein operatives Update zu veröffentlichen.

Positive
  • Significant resource base growth at TLC and Falchani projects over the past 18 months
  • Emerging marketplaces for premium pricing of lithium carbonate supplies
  • Potential value from the Macusani Uranium Project in Peru
  • Proactive cost-cutting measures and management changes implemented
  • Continued advancement of projects towards pre-feasibility studies
Negative
  • Sharp decline in lithium prices from $85,000 per ton to around $10,000 per ton
  • Challenging market conditions affecting all lithium developers worldwide
  • Impact on company valuation due to industry-wide market downturn

VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) is pleased to issue a letter to shareholders.

Dear Shareholders,

As the newly appointed Interim Chief Executive Officer of American Lithium, I am pleased to update you on our progress as we prepare for an inevitable lithium market recovery, particularly for “Made in America” lithium carbonate. All told, it has been a challenging period for the battery metals industry, with market conditions affecting all lithium developers worldwide. Despite this, we are committed and poised for what we are confident will be a robust recovery, especially with recent global developments creating renewed optimism.

The sharp decline in lithium prices – from a high of $85,000 per ton to around $10,000 per ton, has impacted valuations across the board for all lithium developers, including us. This being said, we remain focused on diligently advancing each of our large-scale “green metals” deposits towards a pre-feasibility study (an initial blueprint for a mine) and beyond.

To adapt to evolving market conditions, we have taken proactive steps, including cost-cutting measures, carefully managing our advanced development work, implementing management changes, and prioritizing the preservation of our treasury. These actions are designed to prepare us for when market conditions improve. Our top priority remains ensuring the advancement of all ongoing projects and continuing our strong relationships with our communities.

As the first seedlings of an industry-wide recovery begin to sprout, we are seeing new marketplaces emerge to support the advent of premium pricing for lithium carbonate supplies. This bodes especially well for American Lithium.

Plus, we aim to benefit from Peru’s bid to generate its own nuclear energy, as one of the founding members of the International Atomic Energy Agency, by unlocking value at the Company’s premier Macusani Uranium Project.

Our business fundamentals remain strong going forward. In fact, the past 18 months have seen our resource base grow substantially at both TLC and Falchani, elevating them on a global scale.

Both countries in which we operate continue to support securing a strong domestic critical metals supply chain and our goal is to provide a meaningful contribution to this end.

I look forward to the opportunity to share our strategic vision for the future with you and all our stakeholders. In line with this, we will be publishing an operational update this month on our projects and the path forward. Thank you for your ongoing support and commitment to the American Lithium.

About American Lithium

American Lithium is developing two of the world’s largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects, have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.

For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com.

Follow us on FacebookTwitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Alex Tsakumis”

Interim CEO and Director

Tel: 604 428 6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management and are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals;, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on July 16, 2024, and in recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding 32 Concessions

Thirty-two of the one-hundred-seventy-four concessions comprising the Falchani and Macusani Projects are currently subject to Administrative and Judicial processes in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared title to thirty-two concessions invalid due to late receipt of the annual validity payments. On November 2, 2021, American Lithium was awarded a favorable ruling in regard to title to the concessions, but on November 26, 2021, appeals of the judicial ruling were lodged by INGEMMET and MINEM. A three-judge tribunal of Peru’s Superior Court unanimously upheld the ruling in a decision reported in November 2023. American Lithium was subsequently notified that INGEMMET and MINEM have filed petitions to the Supreme Court of Peru to assume jurisdiction in the proceedings. Given the precedent of the original ruling it is hoped that the Supreme Court will not assume jurisdiction; however, there is no assurance of the outcome at this time.


FAQ

What is American Lithium's stock symbol on Nasdaq?

American Lithium's stock symbol on Nasdaq is AMLI.

How has the recent lithium price decline affected American Lithium?

The sharp decline in lithium prices from $85,000 per ton to around $10,000 per ton has impacted valuations across the board for all lithium developers, including American Lithium (AMLI).

What measures has American Lithium (AMLI) taken to adapt to current market conditions?

American Lithium (AMLI) has implemented cost-cutting measures, carefully managed advanced development work, made management changes, and prioritized treasury preservation to adapt to current market conditions.

What are the main projects American Lithium (AMLI) is developing?

American Lithium (AMLI) is developing the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project in Peru, and the Macusani uranium deposit in Peru.

American Lithium Corp.

NASDAQ:AMLI

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