American Lithium Corp.(TSXV:LI)

American Lithium is developing world-class lithium projects in the Americas, including the TLC lithium deposit in Nevada and the Falchani lithium project in Peru, as well as one of the largest undeveloped uranium projects, Macusani.

Investor website: https://americanlithiumcorp.com/

About

American Lithium is developing world-class lithium projects in the Americas, including the TLC lithium deposit in Nevada and the Falchani lithium project in Peru, as well as one of the largest undeveloped uranium projects, Macusani. The company is focused on sustainable mining practices and is strategically positioned to support the growing demand for battery and energy metals.

Verified company data

Cash position
$0.0M
Shares outstanding
0.01M
Fully diluted shares
0.01M
Mineral resource
In February 2025, an updated Mineral Resource Estimate was released upgrading 47% of previous Indicated resources from the model in December 2022, to Measured resources. TLC currently hosts 6.17 Million Tones (“Mt”) in Lithium Carbonate Equivalent (“LCE) in Measured Resources, 2.39 Mt LCE in Indicated Resources and 1.44 Mt LCE in Inferred Resources. The resource block model has been further refined, increasing the confidence of the TLC resource. The vast majority of resources used in the 2024 PEA Mine Plan are now within the more reliable Measured Resource footprint. The updated MRE was completed by Stantec Consulting Services Inc. of Salt Lake City, UT and is based on an additional 44 drill holes drilled since the previously filed January 2023 MRE.
Projects
["## TLC LITHIUM PROJECT (\"TLC\"), NEVADA\n\nProject Overview\n\nThe TLC Project is a near-surface “Made in America” lithium deposit – one that is amenable to low-cost, sustainable mining methods. Studies show that no protected plant or wildlife species are impacted by our operations.\n\nThe project itself is also located near the regional hub and county seat in the town of Tonopah, Nevada. Logistics (paved roads, power, etc.) are superior for development and water resources are not constricted as at Clayton Valley.\n\nIn February 2025, the Company announced an updated Mineral Resource Estimate (“MRE”) that significantly increased the contained lithium resources for the TLC project. This MRE was completed as part of the process of compiling the maiden preliminary economic assessment and was incorporated into the Mine Plan within the maiden PEA, which was released on February 1st, 2023\n\nTLC currently hosts 6.17Mt lithium carbonate equivalent (LCE) measured resources, 2.39Mt LCE indicated resources and 1.44Mt LCE inferred resources.\n\nProject Highlights\n\n3.8 Years Payback\n\nNPV (8%), Base Case\n\n$0B\n\nIRR 27.5% (after-tax using USD$20k/t Li2Co3 selling price)\n\nLow CapEx\n\nInitial Capital\n\n$0M\n\nHigh Cash Flow\n\nLife of Mine (LOM)\n\n$0B\n\nUS$396M average annually\n\nRobust PEA: Base Case Economics\n\n- **After-tax NPV8:** $3.26 B at $20,000/t LCE\n- **After-tax IRR:** 27.5%\n- **After-tax payback:** 3.8 years\n- **After-tax cash flow:** $396 M\n- **Initial CapEx:** $819 M, **Total CapEx:** $1431 M\n- **OpEx:** Estimated at $7443/t LCE inclusive of power credits\n- **PEA mine plan produces** 1.46 Mt LCE over 40 years.\n- Average LOM production of ~ 38,000tpa LCE for 40 years\n- Scalable, 40-year mine life producing battery-grade lithium carbonate (“Li2CO3”)\n\nRobust PEA: Alternative Case Economics with Magnesium By-Product\n\n- Identical LCE production, added LOM average production of 1,681,856 tpa of magnesium sulfate (“MgSO4” – monohydrate and heptahydrate) by-products\n- **After-tax NPV8:** $5.16 B at $20,000/t LCE & $150/t MgSO4\n- **After-tax IRR:** 36.0%\n- **After-tax payback:** 3.7 years\n- **After-tax cash flow:** $591 M\n- **Initial CapEx:** $827 M, **Total CapEx:** $1439 M\n- **OpEx:** Estimated at $7443/t LCE inclusive of power credits; estimated at $817/t LCE, inclusive of power & MgSO4 credits.\n- **PEA mine plan produces** 46 Mt LCE and 64.9 Mt MgSO4 over 40 years.\n\nLithium Carbonate Equivalent (LCE)\n\nMeasured Resources\n\n0M tonnes LCE\n\nIndicated Resources\n\n0M tonnes LCE\n\nInferred Resources\n\n0M tonnes LCE\n\n5,062 Ha Expansive Project, Near-surface Deposit\n\n3.5hrs drive to Tesla’s giga-factory\n\nSupportive government and local communities\n\nBaseline studies have confirmed no species or habitat protected under the Endangered Species Act are present within the Project Area\n\nEnvironmental Advantages\n\n## No Water Issues\n\n- Entire resource above the water table\n- No groundwater, run-off or watershed issues\n- Water rights secured\n\n## No Endangered Species\n\n- Baseline studies have confirmed no species or habitat protected under the Endangered Species Act\n\n## Low Deleterious Elements\n\n- Low mercury, low arsenic, low radioactivity (uranium)\n- Low contaminants in waste material\n\n## Life Cycle Assessments\n\n- Minviro Sustainability Consultants to provide life cycle assessments for the production of battery grade lithium, focusing on minimizing environmental impacts.\n\nProcessing Advantages\n\n## Simple Lithium Upgrading\n\n- Gravity separation upgrades lithium\n- Achieved results up to 1300→ 2200 ppm\n\n## Unique Claystone Characteristics\n\n- Near surface, easy to mine, highly leachable\n- Lithium is weakly bound to the clays\n\nMineral Resources\n\nIn February 2025, an updated Mineral Resource Estimate was released upgrading 47% of previous Indicated resources from the model in December 2022, to Measured resources. TLC currently hosts 6.17 Million Tones (“Mt”) in Lithium Carbonate Equivalent (“LCE) in Measured Resources, 2.39 Mt LCE in Indicated Resources and 1.44 Mt LCE in Inferred Resources.\n\nThe resource block model has been further refined, increasing the confidence of the TLC resource. The vast majority of resources used in the 2024 PEA Mine Plan are now within the more reliable Measured Resource footprint. The updated MRE was completed by Stantec Consulting Services Inc. of Salt Lake City, UT and is based on an additional 44 drill holes drilled since the previously filed January 2023 MRE.\n\nLocation\n\nThe TLC claims are located 6 miles northwest of Tonopah in Big Smoky Valley, which is best known for hosting a large solar power plant. TLC’s proximity to Tonopah offers ready access to paved roads, electricity, water and skilled labor. The region is a center of epithermal mineralization that produced 138 million ounces of silver, as well as considerable molybdenum output too.\n\nHistory\n\nTonopah is an unincorporated town and county seat of Nye County, Nevada, United States. It is located at the junction of U.S. Routes 6 and 95, approximately midway between Las Vegas and Reno. It is home to the second-richest silver strike in Nevada history and was explored extensively since the early 1900s.\n\nThe TLC project is a new lithium claystone discovery located to the northwest just outside of Tonopah.","## FALCHANI LITHIUM\n\nProject Overview\n\n##### **Our advanced-stage Falchani project is the 6th largest hard-rock lithium deposit in the world. It benefits from a highly sustainable business model in a geopolitically “friendly” jurisdiction.**\n\nProject Highlights\n\nPEA announced on January 10th, 2024\n\n3.0 Years Payback\n\nNPV (8%), Base Case\n\n$0B\n\nIRR 32.0% (after-tax using USD$22.5k/t Li2Co3 selling price)\n\nLow CapEx\n\nInitial Capital\n\n$0M\n\nHigh Cash Flow\n\nLife of Mine (LOM)\n\n$0B\n\nIRR 32.0% (after-tax using USD$22.5k/t Li2Co3 selling price)\n\nRobust PEA: Base Case Economics\n\n- Low second quartile operating costs (per Benchmark Mineral Intelligence)\n- Scalable, 32-year mine life producing battery-grade lithium carbonate (“Li2CO3”)\n- Additional 11 years of stockpile mining averaging 44,800tpa per year\n\nGrowth Potential\n\n- Estimated to be 6th largest hard rock lithium deposit globally*\n- Resource estimate** based on only ~30% of target area\n\n*Based on the Company’s review of publicly available information as at March 2019\n\n**NI 43-101 report titled the “Falchani Lithium Project NI 43-101 Technical Report – Preliminary Economic Assessment” prepared by John Joseph Riordan, David Thompson, Valentine Cotzee of DRA Pacific and Mr. Stewart Nupen of The Mineral Corporation\n\n## Quality\n\n- Robust metallurgical testing indicates conventional processing will produce a high purity battery grade (>99.5%) lithium carbonate\n\nUpdated PEA published on February 26th, 2024\n\nLocation Advantages\n\nAmerican Lithium has acquired Plateau Energy Metals as of May 11, 2021\n\n## Excellent Infrastructure\n\n- Easy transport\n- Low cost power\n- Labour\n- Water\n- Close to Two Oceans highway\n\n## Supply Security (Peru)\n\n- Mining supportive jurisdiction\n- Responsible mining practices\n\nExploration Advantages\n\n## Quelcaya Target\n\n- Outcrop mapping and sampling ~6 km west of Falchani deposit\n- 1.5 km mapped extent; sampling average grade of 2,986 ppm Li\n\n## Tres Hermanas\n\n- Three ridges of outcropping Li-rich tuff, interpreted as tilted upright compared to relatively horizontal at Falchani East and West\n- Each ridge estimated at ~80m high x ~750m long east-west\n- Surface samples up to 4,452 ppm Li, trenching in progress\n\n## Regional Targeting\n\n- 6 km by 5 km interpreted collapsed caldera setting as target for future exploration\n- ~ 20 km West, multiple surface samples up to 5,100 ppm Li from large Li-rich tuff outcrop\n\nMineral Resources\n\nIn October 2023, American Lithium released an updated Mineral Resource Estimate (“MRE”) that increased the projects Measured & Indicated (“M&I”) Lithium Resources by 476% relative to the previous MRE released in 2019, making Falchani one of the largest hard-rock lithium projects globally.","## MACUSANI URANIUM\n\nProject Overview\n\n##### **At Macusani, we are advancing one of the world’s largest and lowest-cost uranium deposits to help meet the need for clean and efficient energy – strategically sourced in the Americas.**\n\nProject Highlights\n\n1.8 Years Payback, Post-Tax\n\nNPV (8%)\n\nUS$0M\n\nIRR 40.6%, at US$50/lb U3O8\n\nLow CapEx\n\nInitial Capital\n\n~US$0M\n\nLow Cost\n\nLife of Mine (LOM)\n\n$0B\n\n*Non-IFRS Reporting Measure\n\n## Control of All Defined Uranium Resources in Emerging Uranium District\n\n## Strong Project Economics\n\n- Large scale: proposed production averaging over ~6 Mlbs U3O8 per year over a 10 year mine life\n- PEA mine plan resources: ~70 Mlbs U3O8 at 289 pp\n\n## Growth Potential\n\n- 47+ targets around existing defined deposit\n- Expansion drilling at Macusani to expand existing resource\n- Updating Macusani PEA to incorporate upgrading/tank leach option\n\n## Near Surface + Leach Kinetics\n\n- Five near surface deposits included in the PEA mine plan\n- Hosted in porous volcanic rock → rapid leach and low acid consumption\n\n## Path to Production\n\n- Align existing Peruvian Radioactive Export/Transport rules with IAEA for U3O8\n\n## Excellent Infrastructure\n\n- Easy transport\n- Low cost power\n- Labour\n- Water\n\n## Supply Security (Peru)\n\n- Mining supportive jurisdiction\n- Responsible mining practices\n\n## Exploration Advantages\n\n## Existing Deposits\n\n- Targeted drilling in and around existing defined deposits\n- Infill drilling in inferred deposits outside current PEA mine plan\n\n## Kihitian Complex\n\n- Tantamaco South East – targets in between Tantmaco and Quebrada Blanca deposits\n- Untested post-land consolidation of extensions to mineralized manto horizon\n\n## Regional Targeting\n\n- +47 additional targets property wide\n- 85% of exploration land package undrilled – untested targets for early follow-up\n\n## Processing Advantages\n\n## Processing\n\n- **Tank leach option work to be advanced**\n- **Potential for better recoveries & shorter leach cycle**\n - Mid-90’s in early tests vs. 88% in PEA\n- **Capex/opex vs. recoveries trade off**\n\n## Pre-Concentration\n\n- **Potential economic improvement with size/screen sorting**\n - 85% uranium contained in 50% of mass in fine fraction)\n- **Potential for less material handling, higher processed grades, reduced processing throughput and smaller plant footprint**\n\n## Scalability\n\n- **Phased expansion, smaller initial capex options to be reviewed**\n - 2 to 6 Mlbs U3O8 annual production ranges considered previously\n - Review + engineering work in consideration\n\nPreliminary Economic Assessment (PEA)\n\n## All Resources stated at 75 ppm U cutoff\n\n## All Resources stated at 200 ppm U cutoff\n\n1. Kihitian Complex includes the Chilcuno Chico, Quebrada Blanca, Tuturumani and Tantamaco deposits updated May 6, 2015.\n2. Isivilla Complex includes the Isivilla, Calvario Real, Puncopata and Calvario I deposits, updated May 6, 2015\n3. Corani Complex includes the Calvario II, the Calvario III and Nueva Corani deposits, updated May 6, 2015\n4. Colibri II-III and Tupuramani remain unchanged, last updated August 14, 2013\n5. Corachapi remains unchanged, last updated September 8, 2010\n\n**Based on the high-grade resource which used a 200 ppm U₃O₈ cut-off grade. The following additional four cases were investigated:**\n\n- Case 1: Heap leach, open pit mining only\n- Case 2: Heap leach, open pit and underground mining\n- Case 3: Tank leach, open pit mining only\n- Case 4: Tank leach, open pit and underground mining"]
Leadership
Andrew Bowering (Executive Chairman, Venture capitalist with over 30 years of experience in mineral exploration and development across the Americas. Co-founded Millennial Lithium Corp. and served as Executive Advisor and Director of Prime Mining Corp.), G. A. (Ben) Binninger (Lead Independent Director, Chemical engineer with over 40 years of experience in senior management and board roles across various sectors including mining and chemicals. Former CEO of Potash Minerals and advisory Board member of Millennial Lithium.), Alex Tsakumis (Chief Executive Officer and Director, Over 30 years of capital markets and mining experience, covering all stages from exploration to production. Formerly Vice President of Investor Relations for several mining companies.), Dr. Laurence Stefan (President, Chief Operating Officer and Director, Over 30 years in the mining industry with experience in exploration, development, and marketing. Founder of Plateau Energy Metals.), Claudia Tornquist (Independent Director, President and CEO of Kodiak Copper Corp. with extensive experience in mining and business development, previously at Sandstorm Gold and Rio Tinto.), Rona Sellers (Independent Director, Governance professional with over 14 years in corporate and securities law. Currently Vice President Commercial and Compliance for Apollo Silver Corp.), Amandip Singh (Independent Director, Mining professional with over 15 years of experience in exploration and corporate development. Currently Vice President, Corporate Development of West Point Gold.)

Verified data last updated: 2026-07-10

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