LIACF - LIACF STOCK NEWS

American Lithium Corp. (TSX-V:LI | OTCQB:LIACF) has announced its upcoming listing on the Nasdaq Capital Market, set to commence on January 10, 2023, under the symbol "AMLI." This transition from the OTCQB is intended to enhance the company's visibility among institutional and retail investors. Currently, American Lithium holds a cash balance of approximately $34 million, ensuring full financing for its 2023 activities. The Nasdaq listing is pending satisfaction of regulatory requirements and does not involve capital raising.

American Lithium Corp. plans to spin out its Macusani Uranium Project into a standalone public company to unlock value for shareholders. The restructuring is well underway, with final terms expected in early 2023. The company believes its current share price does not reflect the Macusani Project's potential. The project boasts significant resources, including 95.2 Mt at 248 ppm U₃O₈ and a 2016 NI 43-101 assessment indicating an NPV of $603M. The spin-out aims to allow American Lithium to focus on its lithium projects in Nevada and Peru, capitalizing on the growing global interest in uranium.

American Lithium Corp. has announced an updated Mineral Resource Estimate (MRE) for its Tonopah Lithium Claims project, significantly increasing contained lithium resources. The MRE reveals a 64% increase in Measured + Indicated Resources, totaling 8.83 Mt of Lithium Carbonate Equivalent (LCE) from previous estimates. The drilling program confirmed high-grade shallow mineralization, which could enhance project economics. The company is preparing a Preliminary Economic Assessment (PEA) to be released soon, indicating strong potential for project advancement.

American Lithium Corp. (LIACF) reported its Q3 operating and financial results for the period ending August 31, 2022. The company resumed drilling at its Falchani Deposit in Peru, with initial assays expected. Notable progress was made in Australia refining the Falchani flow sheet to produce sulfate of potash (SOP). Positive drill results were noted in Nevada, with up to 2900 ppm lithium found. Highlights included the launch of pre-feasibility work at Falchani, acquisition of new concessions, and an initial US$500,000 marketing awareness program in the U.S.

American Lithium Corp. has appointed Carsten Korch to its Board of Directors and as an audit committee member. Korch, an entrepreneur with over 30 years of experience in various sectors and deep ties in Peru, will contribute his expertise in project development and local governance. The company also announced the issuance of 150,000 stock options and RSUs to Korch, with options priced at $2.14, vesting over 12 months. American Lithium is focused on advancing its lithium projects in Nevada and Peru.

American Lithium Corp. has initiated an Environmental Impact Assessment (EIA) hydrology drilling program at its Falchani lithium project in Peru. This involves 10 vertical drilling holes, focusing on water table monitoring. The company also announced an updated Preliminary Economic Assessment (PEA) in collaboration with DRA Global and Stantec Inc., to incorporate new by-products and improved lithium pricing. CEO Simon Clarke expressed enthusiasm for the drilling project and the potential economic benefits of the updated PEA.

American Lithium Corp. announced the election results for its Board of Directors at the Annual General Meeting held on August 22, 2022, in Vancouver. All nominees from the Management Information Circular were elected with high approval rates: Andrew Bowering received 97.78% support, Simon Clarke 97.27%, and others similarly over 97%. Shareholders also approved the appointment of Ernst & Young as auditor, a new omnibus incentive plan, and ratified the issuance of 3,125,000 restricted share units. American Lithium continues to focus on its lithium and uranium projects in the Americas.

American Lithium Corp. announced strong operational and financial results for the three months ending May 31, 2022. The company is progressing with its TLC Project in Nevada, boosting drilling efforts and commencing its maiden Preliminary Economic Assessment (PEA). Key highlights include acquiring water rights for TLC, achieving the best drill results to date, and beginning pre-feasibility work at the Falchani Project in Peru. Financially, American Lithium reported a loss of $8,992,780, with cash reserves at $53,351,716.

American Lithium Corp. has provided an update on the diamond drill results from the Tonopah Lithium Claims project in Nevada. The program aims to expand the existing resource, with initial results showing thick intervals of lithium mineralization significantly above the cut-off grade. Notable findings include 50.3 meters of 1,550 ppm Li in drill hole TLC-2206C. Furthermore, the company completed the acquisition of Reason Ranch, securing additional water rights for the project, paying a total of $3,125,000. Positive outcomes are expected to enhance the project's mining plan and resource estimate.