American Lithium Announces $8.1M Private Placement to Fund Working Capital and Corporate Purposes.

American Lithium Corp. is raising up to $8.1 million through a non-brokered private placement of up to 30 million units at $0.27 each. Each unit consists of one common share and one warrant to purchase an additional share at $0.50 for 36 months. The company plans to use the proceeds for working capital and general corporate purposes. The placement is subject to regulatory approvals and TSXV approval.

American Lithium Corp. (TSX-V: LI, OTCQX: AMLIF, Frankfurt: 5LA1) has announced a non-brokered private placement, raising up to $8.1 million by issuing up to 30 million units at $0.27 each. Each unit consists of one common share and one warrant entitling the holder to purchase an additional share at $0.50 within 36 months [1].

The company plans to use the proceeds for working capital and general corporate purposes. The private placement is subject to regulatory approvals and the approval of the TSX Venture Exchange (TSXV). The securities issued will be subject to a four-month and one-day hold period under Canadian securities laws [1].

American Lithium is developing two of the world's largest, advanced-stage lithium projects, including the TLC claystone lithium project in Nevada and the Falchani hard rock lithium project in southern Peru. The company also holds the largest undeveloped uranium project in Latin America, the Macusani uranium deposit [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/14/3114617/0/en/American-Lithium-Announces-Non-Brokered-Private-Placement.html