About American Lithium

American Lithium Corp., an advanced exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in North and South America. The company focuses its operations on the development of the TLC Lithium Property, the Falchani Lithium Project, and the Macusani Uranium Project, as the company recognizes them to have potential for continued development with the potential for future commercialization. The company is advancing its three projects, Falchani, Macusani and TLC. To achieve this, further drilling is planned for each project to upgrade resource categories and expand resources. On June 27, 2022, the company announced that successful precipitation of high purity, fertilizer-quality potassium sulfate (SOP) by-product was produced at the Falchani Lithium Project. The fertilizer-quality potassium sulfate (SOP) produced from Falchani mineralization is 45% potassium and 20% sulfur and falls within the specification parameters of SOP marketed by producers and traders of fertilizers. Mineral Properties TLC Lithium Project The Property is located in the Nye County, Nevada. The TLC Lithium Property is registered with the Bureau of Land Management (BLM) and Nye County under the following claimant names: Tonopah Lithium Corp., Big Smoky Holdings Inc., and Maran Ventures Ltd. All claimants are wholly-owned subsidiaries of American Lithium Holdings Corp. which is itself a wholly-owned subsidiary of the company. The TLC Lithium Project consists of an open pit mine and an associated processing facility along with on-site and off-site infrastructure to support the operation. The company, through a mining rights transfer agreement entered into in June 2022, acquired an additional 18 concessions in Peru and holds 174 concessions covering an area in excess of 1090 km2. Falchani Lithium Project Through the acquisition of Plateau Energy Metals Inc. and its Peruvian operating company subsidiary, Macusani Yellowcake S.A.C. (Macusani), the company acquired title to, or has court injunctions preserving title on, over 930 km2 of mineral concessions in the Province of Carabaya, Department of Puno in southeastern Peru. The Falchani Lithium Project is on the Macusani Plateau, located in the Carabaya Province, Puno District of south-eastern Peru in the Andes Mountains. The Falchani Lithium Project operation consists of an open pit mine and an associated processing facility along with on-site and off-site infrastructure to support the operation. Macusani Uranium Project Following the acquisition of Plateau Energy Metals Inc. (Plateau), the company has several uranium prospects on the Macusani Plateau with concessions being held by Plateau's Peruvian operating company subsidiary, Macusani. The main properties considered in the Macusani Technical Report are the Colibri, Kihitian and Isivilla complexes (collectively, the Complexes) which are located in southeastern Peru. The Plateau concessions are located in the Carabaya Province which is a province of the Department of Puno in the south-eastern part of Peru. History American Lithium Corp. was incorporated in 1974. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016.