# American Lithium Corp. (TSXV:LI)

> American Lithium is well-positioned to play a key role in society’s shift to a secure, sustainable new energy paradigm in the Americas.

## About

American Lithium is well-positioned to play a key role in society’s shift to a secure, sustainable new energy paradigm in the Americas. With a focus on Nevada and Peru, the company has the advantage of both geographic and geological diversity in developing world-class, scalable projects. The company owns the TLC claystone lithium deposit near the Tesla giga-factory in Nevada and is advancing the Falchani hard rock lithium deposit and the Macusani uranium deposit in Peru.

## Key facts

- **Cash position:** $21,866,938
- **Shares outstanding:** 0
- **Fully diluted shares:** 0
- **Warrants:** 0
- **Options:** 0
- **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 PROJECT, PERU\n\nProject Overview\n\nOur 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$0.30B\n\nIRR 32.0% (after-tax using USD$22.5k/t Li2Co3 selling price)\n\nLow CapEx\n\nInitial Capital\n\n$40M\n\nHigh Cash Flow\n\nLife of Mine (LOM)\n\n$0.391B\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\nQuality\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."]
- **Leadership:** Alex Tsakumis (Chief Executive Officer and Director, Mr. Tsakumis brings over 30 years of comprehensive capital markets and mining experience with companies listed on major global stock exchanges. He has covered several stages of the mining process from initial exploration to mine development and production. Additionally, his expertise also includes corporate governance, finance, mergers and acquisitions, and corporate communications, while fostering strong relationships within the investment community. Formerly, he was the Vice President of Investor Relations for Prime Mining Corp., Belcarra Group, Alio Gold/Timmins Gold, and Orko Silver.), Dr. Laurence Stefan (President, Chief Operating Officer and Director, Dr. Laurence Stefan has over 30 years of experience in the mining industry (exploration, development, mining, processing and marketing), serving as managing director in Peru since 2007. Dr. Stefan was the founder of Plateau Energy Metals prior to their acquisition by the Company, and previously worked at Gold Fields of South Africa and JCI Pty. Ltd., where he was involved in the beneficiation of a wide variety of solid metal/non-metal commodities. He has vast experience covering over 100 projects on six continents and led the discovery team for the Falchani lithium project.), Gregory Barbier (Chief Financial Officer, Mr. Barbier has more than fifteen years of experience in financial reporting, budgeting, financial planning, and cost analysis in multiple industries and countries. Prior to joining American Lithium Corp. in October 2024 as Controller, he held Vice President Finance roles at two publicly listed mining companies in Canada. Mr. Barbier received his Master of Business Administration from the University of New Orleans and his Master in Audit & Finance from the EM Normandie Business School. He is fluent in English, Spanish and French. He is a Certified Financial Analyst charter holder.), Ted O’Connor (Executive Vice President, Ted O’Connor, P.Geo, M.Sc, is a professional geoscientist with over 30 years of experience in the exploration industry. Mr O’Connor was involved with Plateau Energy Metals since shortly after its inception, until its acquisition by American Lithium. Previously, as director of corporate development for Cameco, he was responsible for evaluating, directing and exploring for uranium deposits worldwide. He has led new project generation from early exploration through discovery on multiple uranium projects and was also part of the discovery team for the Falchani project.), Ulises Raul Solis Llapa (General Manager, Peru Operations, Mr Llapa was an original member of the Plateau Energy team before its acquisition by the Company, and is an accomplished mining lawyer, who graduated from Universidad Catolica. He had previously worked for Ocona Power Corporation, as well as various Canadian mining corporations such as Teck Corporation, Andean American, Invicta Gold. As of 2001, he joined the Colibri Group of Companies as legal representative and then as General Manager. In 2007 he started working for the Canadian uranium explorer Macusani Yellowcake Inc. that evolved into Plateau Energy Metals. Following the discovery of the large Falchani lithium deposit in Puno, he began working for American Lithium, bringing with him his industry expertise and deep relationships with local communities, regulatory and political authorities.), Angel Lino (US Operations, Angel Lino is a seasoned U.S. Operations Manager with 22 years of experience in the mining industry, supporting complex operations across multiple organizations and technical environments. Her career includes roles with Barrick Gold Strike, SRK Consulting, NOV, and Halliburton, where she has contributed to the success of large scale, safety driven operations. Angel brings deep expertise in operational coordination, process improvement, and cross functional support within highly regulated, performance critical settings, and is known for aligning day to day operational execution with strategic objectives while maintaining a strong focus on efficiency, compliance, and team collaboration. Throughout her career, Angel has partnered closely with site leadership, engineering, exploration, and operations teams to streamline workflows, manage priorities, and support continuous improvement initiatives, with a disciplined, solutions oriented approach and clear communication style that has made her a trusted operational partner across diverse mining and energy organizations.), Emily Ketchen (Corporate Secretary, Ms. Ketchen has over nine years of experience in the capital markets industry and serves in a senior leadership role at The Bowering Investment Group. She specializes in corporate governance and shareholder engagement, working closely with the CEO and CFO. She oversees corporate uplistings, manages significant financings, and supports a variety of companies in the mineral exploration sector. Emily also handles securities compliance, regulatory matters, and public company administration, ensuring companies meet governance and reporting requirements while maintaining operational efficiency.), Augusto Cauti (Strategic Advisor (Peru), Mr. Augusto Cauti is a seasoned mining executive who served as Deputy Minister of Mines of Peru in 2019-2020. He was previously an executive director of the Australia-Peru Chamber of Commerce (2015-2019) and General Counsel for Pan American Silver Peru (2006-2013). A lawyer by profession, educated in Peru (Pontifical Catholic University of Peru -PUCP) and in the USA, Mr. Cauti holds a certificate in the American legal system from Georgetown University, and a Master of Business Law from Duke University. Mr. Cauti is an experienced professional providing strategic business relations, access to markets and business development advice in the Andean markets.)

_Verified data last updated: 2026-07-17_

## Recent filings

- 2026-07-07 — press_release — [li_2026-07-07_10-33-07.pdf](https://chat.orbiton.app/amlif/preview/62169?documentId=62169)
- 2026-07-02 — press_release — [li_2026-07-02_20-17-19.pdf](https://chat.orbiton.app/amlif/preview/60089?documentId=60089)
- 2026-06-26 — other — [li_2026-06-26_22-07-37.pdf](https://chat.orbiton.app/amlif/preview/56830?documentId=56830)
- 2026-06-26 — annual_report — [li_2026-06-26_22-06-06.pdf](https://chat.orbiton.app/amlif/preview/56829?documentId=56829)
- 2026-06-12 — other — [li_2026-06-12_14-17-09.pdf](https://chat.orbiton.app/amlif/preview/55486?documentId=55486)
- 2026-06-02 — press_release — [li_2026-06-02_10-15-59.pdf](https://chat.orbiton.app/amlif/preview/55487?documentId=55487)
- 2026-05-26 — press_release — [li_2026-05-26_10-11-55.pdf](https://chat.orbiton.app/amlif/preview/55488?documentId=55488)
- 2026-02-03 — material_change — [li_2026-02-03_18-07-21.pdf](https://chat.orbiton.app/amlif/preview/55489?documentId=55489)

## Investor FAQ

### [Latest news?](https://chat.orbiton.app/amlif/faq/latest-news)

The latest news from American Lithium Corp. includes the announcement of an updated Mineral Resource Estimate for the TLC lithium project in February 2025, which significantly increased the contained lithium resources. Additionally, the company released a preliminary economic assessment for the Falchani lithium project in January 2024, highlighting its robust economic potential.

### [Upcoming Catalysts?](https://chat.orbiton.app/amlif/faq/upcoming-catalysts)

Upcoming catalysts for American Lithium include the continued advancement of the TLC and Falchani projects, with a focus on further resource development and potential updates to economic assessments. The company is also expected to provide additional updates on exploration activities and project milestones throughout 2024.

## Live AI chat

- https://chat.orbiton.app/amlif/chat
- Investor website: https://americanlithiumcorp.com/