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American Lithium Corp AMLI


Primary Symbol: V.LI

Metals & Mining Industrial Metals & Minerals
American Lithium Corp. is a Canada-based company, which is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is focused on development of its strategically located TLC lithium project (TLC) in the richly mineralized Esmeralda lithium district in Nevada, as well as continuing to advance its Falchani lithium (Falchani) and Macusani uranium (Macusani) development-stage projects in southeastern Peru. Its TLC Lithium Project is located near the regional hub and county seat in the town of Tonopah, Nevada. The Falchani Lithium Project consists of 1,090 square kilometers (km2) of mineral concessions in the Province of Carabaya, Department of Puno, in southeastern Peru. The Macusani Uranium Project is an undeveloped uranium projects in the world containing significant measured, indicated, and inferred uranium resources. Located approximately 25 kilometers away from the Company’s Falchani Lithium Project.


TSXV:LI - Post by User

American Lithium Corp
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Post by Betteryear2on Jun 07, 2023 6:52pm
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Post# 35485436

Definitive Agreement to Spin Out Macusani Uranium Deposit

Definitive Agreement to Spin Out Macusani Uranium DepositVANCOUVER, British Columbia, June 07, 2023 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AML| Frankfurt:5LA1) announces that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Friday’s Dog Holdings Inc. (TSX-V:FRDY), a public company currently listed on the TSX Venture Exchange and to be renamed International Uranium Corp. (“International Uranium”), dated June 6, 2023, pursuant to which it will transfer ownership (the “Transaction”) of its Macusani Uranium Project (the “Macusani Project”). In accordance with the terms of the Arrangement Agreement, the Company will transfer ownership of a wholly owned Peruvian subsidiary which holds the mineral concessions comprising the Macusani Project to International Uranium.

American Lithium Reaches Definitive Agreement to Spin (globenewswire.com)
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