American Lithium Reports Results of Annual General and Special Meeting

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VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) — American Lithium Corp. announces… (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) announced the results of the voting for its annual and special meeting of shareholders (the “Meeting”) held today in Vancouver, British Columbia.

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Below are the detailed voting results for the election of the Company’s Board of Directors (“Board of Directors”):

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All nominees, as set out in the Company’s Management Information Circular dated October 23, 2024 (the “Circular”), were elected as directors of American Lithium at the meeting.

At the meeting, shareholders also agreed to: (i) appoint Davidson & Company LLP as the Company’s auditor for the following year and authorize the Board of Directors to determine the auditor’s fees and (ii) re-approval of the Company’s comprehensive incentive plan, as more specifically described in the circular.

For further information regarding the matters considered at the meeting, readers are encouraged to review the circular, a copy of which is available under the company’s profile on SEDAR+ (www.sedarplus.ca). The Company also reported on the voting results on all resolutions voted on at the meeting under its profile on SEDAR+.

About US Lithium

American Lithium is developing two of the world’s largest advanced lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC clay lithium project in Nevada, the Valchani hard rock lithium project, and the Macosani uranium deposit, both in southern Peru. All three projects have undergone strong initial economic evaluations, demonstrated significant expansion potential and enjoy strong community support.

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For more information please contact the company at info@americanlithiumcorp.com Or visit our website at www.americanlithiumcorp.com.

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On behalf of the Board of Directors of American Lithium Corp.

“Alex Tsakomis”
Interim CEO
Tel: 604 428 6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary statement regarding forward-looking information

This press release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding American Lithium’s business plans, expectations and objectives. Forward-looking statements are often identified by words such as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “indicate”, “scheduled”, “target” and “Goal,” “potential,” “object,” “effort,” “option,” and similar words, or their negative connotations that refer to future events and results. Forward-looking statements are based on the current opinions and expectations of management and do not represent and cannot be a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements because American Lithium can give no assurance that such These opinions and predictions will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions relating to: American Lithium’s ability to achieve its stated objectives; which could have a material adverse effect on numerous aspects of American Lithium’s business including but not limited to: the ability to access mineral properties for indefinite periods of time, the health of employees or consultants resulting in delayed or reduced capacity, social instability or Politics in Peru, which may in turn affect America. Lithium’s ability to maintain continuity of business operating requirements may result in decreased availability or failure of various local management and critical infrastructure, decreased demand for potential U.S. lithium products, material availability, global travel restrictions, and the availability of insurance. and associated costs; The continued ability to work collaboratively with stakeholders, including but not limited to local communities and all levels of government; potential delays in exploration or development activities; Interpretation of drilling results, geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks of permits not being obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment failure, labor disputes (including work stoppages, strikes and loss of employees) or other unforeseen difficulties or interruptions in exploration and development; risks related to commodity prices and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain sufficient financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; Risks related to the uncertain global economic environment and impacts on the global market generally, any of which could continue to negatively impact global financial markets, including the trading price of American Lithium’s shares and could adversely affect American Lithium’s ability to raise capital and may It also creates additional and unknown risks or liabilities for American Lithium. Other risks and uncertainties related to American Lithium’s prospects, properties and business strategy are identified in the “Risk Factors” section of American Lithium’s management’s discussion and analysis filed on October 15, 2024, and in recent securities filings available at www.sedarplus.ca . Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

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A note of caution regarding 32 privileges

Thirty-two of the one hundred and seventy-four concessions comprising the Valchani and Macosani projects are currently subject to administrative and judicial processes in Peru to set aside decisions issued by INGEMMET and MINEM’s Mining Council in February 2019 and July 2019, respectively. Which declared the ownership of thirty-two concessions invalid due to late receipt of annual validity payments. On November 2, 2021, American Lithium obtained a favorable ruling with respect to ownership of the concessions, but on November 26, 2021, appeals of the adjudication were filed by INGEMMET and MINEM. A three-judge panel of the Peruvian Supreme Court unanimously upheld the ruling in a decision issued in November 2023. American Lithium was subsequently notified that INGEMMET and MINEM had filed petitions with the Peruvian Supreme Court to assume jurisdiction over the proceedings. Given the precedent of the original ruling, it is to be hoped that the Supreme Court will not assume jurisdiction; However, there is no guarantee of outcome at this time.

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