American Lithium Reports Results of Annual General and Special Meeting
American Lithium Corp. (NASDAQ:AMLI) held its Annual and Special Meeting in Vancouver, announcing the election results for its Board of Directors. All seven nominees were successfully elected, with approval rates ranging from 56% to 98%. Alex Tsakumis received the highest approval at 98%, while other directors including Andrew Bowering, Laurence Stefan, G.A. Binninger, Claudia Tornquist, Carsten Korch, and Rona Sellers were also elected. Shareholders additionally approved Davidson & Company LLP as the company's auditor and re-approved the omnibus incentive plan.
American Lithium Corp. (NASDAQ:AMLI) ha tenuto la sua Assemblea Annuale e Speciale a Vancouver, annunciando i risultati delle elezioni per il Consiglio di Amministrazione. Tutti e sette i candidati sono stati eletti con successo, con tassi di approvazione compresi tra il 56% e il 98%. Alex Tsakumis ha ottenuto la massima approvazione con il 98%, mentre altri direttori come Andrew Bowering, Laurence Stefan, G.A. Binninger, Claudia Tornquist, Carsten Korch e Rona Sellers sono stati anch'essi eletti. Gli azionisti hanno inoltre approvato Davidson & Company LLP come revisore dei conti della società e hanno riaffermato il piano di incentivi omnibus.
American Lithium Corp. (NASDAQ:AMLI) realizó su Junta Anual y Especial en Vancouver, anunciando los resultados de las elecciones para su Junta Directiva. Los siete candidatos fueron elegidos con éxito, con tasas de aprobación que varían entre el 56% y el 98%. Alex Tsakumis recibió la mayor aprobación con un 98%, mientras que otros directores como Andrew Bowering, Laurence Stefan, G.A. Binninger, Claudia Tornquist, Carsten Korch y Rona Sellers también fueron elegidos. Además, los accionistas aprobaron a Davidson & Company LLP como el auditor de la empresa y reafirmaron el plan de incentivos omnibus.
American Lithium Corp. (NASDAQ:AMLI)는 밴쿠버에서 연례 및 특별 회의를 개최하여 이사회 선출 결과를 발표했습니다. 일곱 명의 후보 모두 성공적으로 선출되었으며, 승인 비율은 56%에서 98%까지 다양했습니다. Alex Tsakumis는 98%의 최고 승인을 받았고, Andrew Bowering, Laurence Stefan, G.A. Binninger, Claudia Tornquist, Carsten Korch, Rona Sellers를 포함한 다른 이사들도 선출되었습니다. 주주들은 또한 Davidson & Company LLP를 회사의 감사인으로 승인하고 옴니버스 인센티브 계획도 재승인했습니다.
American Lithium Corp. (NASDAQ:AMLI) a tenu sa Réunion Annuelle et Spéciale à Vancouver, annonçant les résultats des élections de son Conseil d'Administration. Tous les sept candidats ont été élus avec succès, avec des taux d'approbation allant de 56% à 98%. Alex Tsakumis a obtenu le meilleur taux d'approbation avec 98%, tandis que d'autres administrateurs, tels qu'Andrew Bowering, Laurence Stefan, G.A. Binninger, Claudia Tornquist, Carsten Korch et Rona Sellers, ont également été élus. De plus, les actionnaires ont approuvé Davidson & Company LLP comme auditeur de la société et ont réapprouvé le plan d'incitation omnibus.
American Lithium Corp. (NASDAQ:AMLI) hielt ihre Jahreshauptversammlung und Sonderversammlung in Vancouver ab und gab die Wahlergebnisse für den Aufsichtsrat bekannt. Alle sieben Kandidaten wurden erfolgreich gewählt, mit Zustimmungssätzen zwischen 56% und 98%. Alex Tsakumis erhielt mit 98% die höchste Zustimmung, während auch andere Direktor:innen wie Andrew Bowering, Laurence Stefan, G.A. Binninger, Claudia Tornquist, Carsten Korch und Rona Sellers gewählt wurden. Darüber hinaus genehmigten die Aktionäre Davidson & Company LLP als Wirtschaftsprüfer des Unternehmens und bestätigten den Omnibus-Anreizplan erneut.
- All proposed board members successfully elected
- Strong shareholder support with up to 98% approval for some directors
- Company maintains development of two major lithium projects and largest undeveloped uranium project in Latin America
- Some directors received relatively low approval rates (56-57%)
- Significant withhold votes for certain board members (up to 44%)
VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) reports the voting results for the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held today in Vancouver, British Columbia.
Detailed voting results of the election of the Company’s board of directors (the “Board of Directors”) are set out below:
| Nominee | Votes For | % For | Votes Withheld | % Withheld |
| Andrew Bowering | 20,678,971 | 15,474,981 | ||
| Alex Tsakumis | 35,472,118 | 681,834 | ||
| Laurence Stefan | 20,305,825 | 15,848,127 | ||
| G.A. (Ben) Binninger | 29,196,876 | 6,957,076 | ||
| Claudia Tornquist | 28,884,387 | 7,269,565 | ||
| Carsten Korch | 29,188,907 | 6,965,045 | ||
| Rona Sellers | 29,127,118 | 7,026,834 | ||
All nominees, as set forth in the Company’s Management Information Circular dated October 23, 2024 (the “Circular”), were elected as directors of American Lithium at the Meeting.
At the Meeting, shareholders also approved: (1) the appointment of Davidson & Company LLP as auditor of the Company for the ensuing year and authorizing the Board of Directors to fix the remuneration of the auditor and (2) the re-approval of the Company’s omnibus incentive plan, as more particularly described in the Circular.
For further information regarding the matters considered at the Meeting readers are encouraged to review the Circular, a copy of which is available under the profile for the Company on SEDAR+ (www.sedarplus.ca). The Company has also filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+.
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.
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On behalf of the Board of Directors of American Lithium Corp.
“Alex Tsakumis”
Interim Chief Executive Officer
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 October 15, 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.
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