American Lithium Announces Upsizing of Private Placement

Hamilton Spectator

23-07-2025

Not for distribution to U.S. news wire services or dissemination in the United States
VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — American Lithium Corp. ('American Lithium' or the 'Company') (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to announce that due to significant interest, the Company has requested and received conditional approval from the TSX Venture Exchange (the 'TSXV') to increase the size of its previously announced non-brokered private placement and will now offer up to 34,814,815 units (the 'Units') of the Company at a price of $0.27 per Unit for aggregate gross proceeds of up to $9,400,000 (the 'Private Placement').
Each Unit issued pursuant to the Private Placement will consist of one common share (a 'Common Share') in the capital of the Company and one Common Share purchase warrant (a 'Warrant'). Each warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.50 for 36 months from the closing date of the Private Placement.
The Private Placement is subject to certain closing restrictions, including, but not limited to, the receipt of all necessary regulatory approvals and the approval of the TSXV.
The Private Placement will be made to qualified investors in such provinces of Canada as the Company may designate, and otherwise in those jurisdictions where the Private Placement can lawfully be made. All securities issued pursuant to the Private Placement will be subject to a four-month hold and one day hold period in accordance with applicable Canadian securities laws.
This news release shall not constitute an offer to sell or the solicitation of an offer to sell nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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
[e-mail]
or visit our website at
www.americanlithiumcorp.com
.
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Facebook,
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and
LinkedIn
.
On behalf of the Board of Directors of American Lithium Corp.
'Alex
Tsakumis'
Interim CEO
Tel: [phone]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news 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 with respect to the terms of the Units and Warrants, statements regarding the Private Placement and the issuance of securities thereunder, the aggregate amount of proceeds to be raised and the use of proceeds.
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 June 27, 2025, 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.