LIACF - LIACF STOCK NEWS

American Lithium Corp. has appointed Claudia Tornquist as Audit Chair and Ted O’Connor as Executive VP. Tornquist brings extensive mining experience, having held key positions in companies like Kodiak Copper and Sandstorm Gold. O’Connor, transitioning from director, has over 30 years in exploration and development. The company also granted 250,000 stock options and 225,000 restricted share units to key personnel. Shareholder approval for these grants will be sought at the upcoming annual meeting. American Lithium focuses on lithium projects in North America and Peru.

American Lithium Corp has successfully produced high purity potassium sulfate (SOP) from its Falchani Project in Peru. Testing by ANSTO confirms that SOP can meet domestic needs, further diversifying revenue sources. The SOP production, comprised of 45% potassium and 20% sulfur, aligns with the current fertilizer shortages in Peru, where imports exceed 60,000 tonnes annually. The company aims to enhance its lithium extraction process while developing by-product capabilities including cesium and rubidium, thereby increasing the project's overall value.

American Lithium Corp. has announced the acquisition of additional mining concessions in Southern Peru, covering approximately 14,243 hectares, enhancing its asset base. The company will pay $400,000 and issue 2,250,000 shares for this acquisition, pending regulatory approvals. CEO Simon Clarke expressed optimism regarding these highly prospective concessions. Additionally, American Lithium has engaged Vorticom for public relations and Crux for marketing services, with respective agreements worth $10,000 and $3,650 monthly. Both agreements are also subject to regulatory approval.

American Lithium Corp. has reached an agreement to acquire 431 acres of agricultural land and 1,468 acre-feet of water rights in the Big Smoky Valley, Nevada, for US $3,125,000. This acquisition enhances the company's water supply essential for upcoming production phases at the Tonopah Lithium Claims (TLC), allowing for efficient transportation to the site. The total water rights obtained will be nearly 2,500 acre-feet, bolstering future expansion. CEO Simon Clarke emphasized the significance of sustainable water supply for their operations, aligning with environmental commitments.

American Lithium Corp. (LIACF) is set to participate in the 34th Annual ROTH Conference from March 13-15, 2022, in Dana Point, California. The event will feature presentations from approximately 550 companies and attract over 5,000 attendees, including institutional investors and analysts. CEO Simon Clarke and President Dr. Laurence Stefan will hold one-on-one meetings with investors. The company focuses on lithium projects in the Americas, notably the TLC lithium claystone project in Nevada and the Falchani lithium and Macusani uranium projects in Peru, which show robust exploration potential.

American Lithium Corp (TSX-V:LI | OTCQB:LIACF) announced the launch of the final phase of its maiden preliminary economic assessment (PEA) for the TLC Lithium project. DRA Global has been appointed as the lead engineer, with Stantec Consulting Ltd. contributing in mineral resources and mine design. The first draft of the PEA is expected by the end of Q2 2022. CEO Simon Clarke emphasizes TLC's significant resource base and the expertise of the engineering firms involved, aiming to establish the project's economic production potential.

American Lithium Corp. (TSX-V: LI, OTCQB: LIACF) has been ranked among the 2022 TSX Venture 50, a list recognizing the top-performing companies on the TSX Venture Exchange. The ranking considers market capitalization growth, share price appreciation, and trading volumes for the year ending December 31, 2021. CEO Simon Clarke noted the company's significant advancements at its TLC lithium project in Nevada and the strategic acquisition of projects in Peru. The company aims to reach key milestones in the upcoming year.

American Lithium Corp (LIACF) reported promising uranium leach test results from its Macusani Uranium Project in Peru, showcasing extraction rates between 91% and 99.7% using varying sulfuric acid concentrations. The results indicate lower acid consumption and shorter leach cycles, enhancing overall project economics. The company plans to initiate exploration drilling following permit approvals and aims to update its Preliminary Economic Assessments (PEAs). Additionally, American Lithium has granted stock options and restricted share units to employees and directors.

American Lithium Corp. has received approval from the Bureau of Land Management and the Nevada Division of Environmental Protection for its Plan of Operations and Reclamation Plan at the Tonopah Lithium Claims Project in Nevada. The authorization includes construction of 110 drill sites and excavation of 5 test pits. These developments aim to expand the high-grade lithium resource and move towards pre-feasibility. The project enjoys broad public support, confirmed by positive comments during the Environmental Assessment. Drilling operations are set to start soon under a contracted drilling service.