American Lithium to Host July 6th Webinar Update on Its TLC Project and Its Recent Merger with Plateau Energy Metals
June 30 2021 - 6:00AM
American Lithium Corp. (“American Lithium” or the “Company”)
(TSX-V: LI | OTCQB: LIACF | Frankfurt: 5LA1) announces a live
upcoming summit where its Management Team will be discussing the
Company’s recent merger with Plateau Energy Metals, as well as
near-term exploration and development plans, particularly at the
TLC Project in Nevada.
This inaugural Webinar event will take place on
Tuesday, July 06, at 11.00 am PDT / 2.00 pm EDT. Management will be
available to answer questions following the presentation. To join
webinar by computer, register from this
link: https://my.6ix.com/nzxIDKkS
With the recent consolidation of the combined
assets of both companies, American Lithium is positioned as one of
the largest developers of energy metals throughout the
Americas. We intend to leverage this key competitive advantage to
become a global industry leader while ensuring all our
projects are sustainable and utilize best environmental practices.
To find out more, please tune in to the Webinar.
The Company is also pleased to announce the recent launch of its
new website at: www.americanlithiumcorp.com. Our social media
channels are also now very active. Please follow us:
Twitter: @lithiumamerican
Instagram: /americanlithium/
LinkedIn: www.linkedin.com/company/american-lithium-corp/
About American
LithiumAmerican Lithium is actively engaged in the
acquisition, exploration and development of lithium projects within
mining-friendly jurisdictions throughout the Americas. The company
is currently focused on enabling the shift to the new energy
paradigm through the continued exploration and development of its
strategically located TLC lithium claystone project in the richly
mineralized Esmeralda lithium district in Nevada as well as
continuing to advance its Falchani lithium and Macusani uranium
development projects in southeastern Peru. Both Falchani and
Macusani have been through preliminary economic assessments,
exhibit strong additional exploration potential and are situated
near significant infrastructure.
Please watch our informative project update
videos and related background information
at https://www.americanlithiumcorp.com
On behalf of the Board of Directors of
American Lithium Corp.
“Simon Clarke”
CEO & Director
Tel: 604 428 6128
For further information, please contact:
Tyler Ross, Investor Relations, at 604-428-6128 |
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Email: info@americanlithiumcorp.com |
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Website: www.americanlithiumcorp.com |
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Neither 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 InformationThis news 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 news release include, but are
not limited to, statements regarding the plans, objectives and
advancement of the TLC, Falchani and Macusani (the “Projects”),
exploration drilling plans, in-fill and expansion drilling plans,
results of exploration and development plans, expansion of
resources and testing of new deposits, environmental and social
community permitting, and any other statements regarding the
business plans, expectations and objectives of American Lithium.
Forward-looking statements are frequently identified by such words
as "may", "will", "plan", "expect", "anticipate", "estimate",
"intend", “indicate”, “scheduled”, “target”, “goal”, “potential”,
“subject”, “efforts”, “option” and similar words, or the negative
connotations thereof, referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management are not, 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 since American Lithium can provide no
assurance that such opinions and expectations 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
related to: American Lithium’s ability to achieve its stated goals,
including the anticipated benefits of the acquisition of Plateau
Energy Metals Inc. (“Plateau”); the estimated costs associated with
the advancement of the Projects; risks and uncertainties relating
to the COVID-19 pandemic and the extent and manner to which
measures taken by governments and their agencies, American Lithium
or others to attempt to reduce the spread of COVID-19 could affect
American Lithium, which could have a material adverse impact on
many aspects of American Lithium’s businesses including but not
limited to: the ability to access mineral properties for
indeterminate amounts of time, the health of the employees or
consultants resulting in delays or diminished capacity, social or
political instability in Peru which in turn could impact American
Lithium’s ability to maintain the continuity of its business
operating requirements, may result in the reduced availability or
failures of various local administration and critical
infrastructure, reduced demand for the American Lithium’s potential
products, availability of materials, global travel restrictions,
and the availability of insurance and the associated costs; risks
related to the certainty of title to the properties of American
Lithium, including the status of the “Precautionary Measures” filed
by American Lithium’s subsidiary Macusani Yellowcake S.A.C.
(“Macusani”), the outcome of the administrative process, the
judicial process, and any and all future remedies pursued by
American Lithium and its subsidiary Macusani to resolve the title
for 32 of its concessions; risks regarding the ongoing Ontario
Securities Commission regulatory proceedings; the ongoing ability
to work cooperatively with stakeholders, including but not limited
to local communities and all levels of government; the potential
for delays in exploration or development activities due to the
COVID-19 pandemic; the interpretation of drill results, the
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 that permits will not be
obtained as planned or delays in obtaining permits; mining and
development risks, including risks related to accidents, equipment
breakdowns, labour disputes (including work stoppages, strikes and
loss of personnel) or other unanticipated difficulties with or
interruptions in exploration and development; risks related to
commodity price 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 adequate 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 the effects upon the
global market generally, and due to the COVID-19 pandemic measures
taken to reduce the spread of COVID-19, any of which could continue
to negatively affect global financial markets, including the
trading price of American Lithium’s shares and could negatively
affect American Lithium’s ability to raise capital and may also
result in additional and unknown risks or liabilities to American
Lithium. Other risks and uncertainties related to prospects,
properties and business strategy of American Lithium are identified
in the “Risks and Uncertainties” section of Plateau’s Management’s
Discussion and Analysis filed on June 25, 2021, in the “Risk
Factors” section of American Lithium’s Management’s Discussion and
Analysis filed on June 25, 2021, and in recent securities filings
available at www.sedar.com. 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.
Cautionary Note Regarding Macusani
ConcessionsThirty-two of the 151 concessions held by
American Lithium’s subsidiary Macusani, are currently subject to
Administrative and Judicial processes (together, the “Processes”)
in Peru to overturn resolutions issued by INGEMMET and the Mining
Council of MINEM in February 2019 and July 2019, respectively,
which declared Macusani’s title to the 32 of the concessions
invalid due to late receipt of the annual validity payment.
Macusani successfully applied for injunctive relief on 32
concessions in a Court in Lima, Peru, and the grant of the
Precautionary Measures (Medida Cautelar) has restored the title,
rights and validity of those 32 concessions to Macusani until a
final decision is obtained in at the last stage of the judicial
process. If American Lithium’s subsidiary Macusani does not obtain
a successful resolution of Processes, Macusani’s title to the
concessions could be revoked.
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