American Lithium Corp AMLI

Cash situation

[Greenfield77]

Based on financial report and monthly burn rate,  i figure they have roughly 2 months cash left,.   So unless they raise $ soon, they will need to move the Surge shares to make it through summer.

[cyber37]

Yes that is troubling:                                                                    YE 2024            YE 2023  Cash, cash equivalents and       

[Greenfield77]

They have been averaging a burn of roughly $2 M per month, so given that the reported cash was as of February, now over 3 months ago, you can probably estimate about $6 M less than that last reported position.