Company Overview

American Lithium Corp. is a publicly traded mineral exploration and development company focused on advancing lithium and uranium resources critical to the global energy transition. The company operates within the mining and battery materials industry, with a strategic emphasis on supplying lithium for electric vehicles, energy storage systems, and related clean‑energy applications. Its primary value drivers are exploration, resource definition, and development of large‑scale lithium deposits in mining‑friendly jurisdictions.

The company’s core assets are the TLC Lithium Project in Nevada, United States, and the Falchani Lithium Project in Peru, both of which are considered among the more significant hard‑rock and sedimentary lithium discoveries in their respective regions. American Lithium positions itself as a future supplier to the North American and global battery supply chain, benefiting from geopolitical interest in securing domestic and allied sources of critical minerals. The company traces its current form to a series of asset acquisitions and strategic refocusing between 2016 and 2020, including the acquisition of Plateau Energy Metals, which brought the Falchani project into its portfolio.

Business Operations

American Lithium’s operations are organized around mineral exploration and development rather than active production. The company generates no operating revenue from mining and instead focuses on advancing its assets through exploration drilling, metallurgical testing, economic studies, and permitting activities. Its principal business segments are the Lithium Exploration and Development segment and the Uranium Exploration segment, with lithium representing the dominant strategic and capital focus.

In the United States, the company controls the TLC Lithium Project in Nevada, a sedimentary lithium claystone deposit located near existing infrastructure and other lithium operations. Internationally, through its Peruvian subsidiaries, it controls the Falchani Lithium Project, a hard‑rock lithium deposit. American Lithium also holds uranium assets in Nevada, including the Macusani Uranium Project area, though development activity there is more limited. The company operates primarily through wholly owned subsidiaries and does not currently report material joint ventures or revenue‑generating partnerships.

Strategic Position & Investments

American Lithium’s strategy centers on advancing large, scalable lithium resources toward economic feasibility while maintaining optionality for future development, partnerships, or asset monetization. Key growth initiatives include continued resource expansion, completion of preliminary economic assessments and feasibility studies, and ongoing metallurgical optimization to improve lithium recovery rates. The company’s investments are largely directed toward drilling programs, technical studies, and environmental and social baseline work.

A defining strategic move was the acquisition of Plateau Energy Metals, which significantly expanded American Lithium’s asset base and positioned it as a binational lithium developer. The company has also invested in emerging extraction technologies relevant to claystone and hard‑rock lithium processing, although commercial application remains under evaluation. Its portfolio reflects exposure to both North American and South American lithium supply, aligning with broader industry and governmental efforts to diversify critical mineral sourcing.

Geographic Footprint

American Lithium operates primarily in North America and South America, with corporate headquarters in Vancouver, Canada. Its U.S. operations are concentrated in Nevada, a jurisdiction known for established mining infrastructure and supportive regulatory frameworks. The TLC project is located in proximity to other lithium developments, reinforcing Nevada’s role as a strategic lithium hub.

In Peru, the company maintains a significant presence through the Falchani project, situated in the Puno region. This international footprint provides exposure to diverse geological settings and resource types while also introducing jurisdictional and regulatory complexity. Collectively, the company’s assets give it operational influence across two continents with relevance to global battery materials markets.

Leadership & Governance

American Lithium is led by an executive team with experience in mining exploration, capital markets, and project development. The leadership emphasizes disciplined capital allocation, technical validation of resources, and alignment with long‑term demand for critical minerals driven by electrification and decarbonization trends. Governance practices follow Canadian public company standards, with oversight from an independent board of directors.

Key executives include:

• Simon Clarke – President and Chief Executive Officer
• Alex Tsakumis – Chief Financial Officer
• Dr. Ross McElroy – Chairman of the Board
• Darryl Jones – Vice President, Exploration
• Andrew Bowering – Director

The management team’s stated strategic vision focuses on responsibly advancing lithium assets toward development readiness while maintaining flexibility to adapt to market conditions, regulatory developments, and potential strategic transactions.