{"id":771154,"date":"2023-07-19T20:52:09","date_gmt":"2023-07-20T00:52:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/"},"modified":"2023-07-19T20:52:09","modified_gmt":"2023-07-20T00:52:09","slug":"american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/","title":{"rendered":"American Lithium Announces Financial and Operating Highlights  for First Quarter Ended May 31, 2023"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">VANCOUVER, British Columbia, July  19, 2023  (GLOBE NEWSWIRE) &#8212; American Lithium Corp. (\u201c<strong>American Lithium<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) provides financial and operating highlights for the first quarter ended May 31, 2023. Unless otherwise stated, all amounts presented are in Canadian dollars.<\/p>\n<p align=\"justify\">\u201cWe continue to see good progress on all fronts and delivered on several key milestones,\u201d stated Simon Clarke, CEO of American Lithium. \u201cWe filed a robust maiden PEA at our wholly owned TLC Lithium Project in Nevada (\u201cTLC\u201d) and that project has now moved into pre-feasibility with DRA Global as lead engineer.<\/p>\n<p align=\"justify\">In Peru, we continue to make good progress at our Falchani Lithium Project (\u201cFalchani\u201d) as it moves through pre-feasibility and as we look to complete the Environmental Impact Assessment launched in 2022 with SRK and the associated drill program which post quarter end has delivered the highest-grade lithium and cesium samples seen to date.<\/p>\n<p align=\"justify\">We were also pleased to receive the first of three drill permits to commence development and discovery drilling at and around Falchani, enabling the commencement of drilling on some highly prospective targets at Quelcaya 5 \u2013 6 kms west from Falchani.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Highlights of the Quarter:<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>Appointment of DRA Global <\/strong>\u2013 announced the appointment of DRA Global as lead engineer to coordinate completion of pre-feasibility at Falchani. <\/p>\n<\/li>\n<li style=\"text-align:justify\">\n          <strong>Filing of TLC PEA <\/strong>\u2013 announced the filing of the TLC PEA report and appointment of DRA Global as lead engineer for TLC pre-feasibility. <\/p>\n<\/li>\n<li style=\"text-align:justify\">\n          <strong>Drill Permit Received in Peru <\/strong>&#8211; first of three drill permits received to commence additional development and discovery drilling at and around the Falchani Lithium Project in Peru, a major development for the Company.<\/p>\n<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Subsequent Events:<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>Strategic Investment<\/strong>\u2013 invested C$5,380,000 in Surge Battery Metals (9.7% interest) to the support development of the Northern Nevada Claystone Project.<\/p>\n<\/li>\n<li style=\"text-align:justify\">\n          <strong>July 12<\/strong><br \/>\n          <sup><br \/>\n            <strong>th<\/strong><br \/>\n          <\/sup><br \/>\n          <strong> \u2013 Intersected High-Grade Lithium at Falchani \u2013 <\/strong>reported highest grades of both Lithium and Cesium encountered at the project to date. <\/p>\n<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Selected Financial Data<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>The following selected financial data is summarized from the Company\u2019s consolidated financial statements and related notes thereto (the \u201c<strong>Financial Statements<\/strong>\u201d) for the first quarter ended May 31, 2023. Copies of the Financial Statements and MD&amp;A are available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RQd9oqShQJh1Bdn_xEZ9l2T5iZ7iGRuAAHhOEPzR33HqLB2R67HfpBUniQ-uXQy_bl_fvbOjQfTen01XV8XqMe-f22GWBTGo5CtNZFvMzYm0sHwqwaqOOivzdV4ffOMJ\" rel=\"nofollow noopener\" target=\"_blank\">www.americanlithiumcorp.com<\/a> or on SEDAR at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=q1fEF8e7Oo5oXwait5v-L5RaLFLc_6eFAOOPA6x3QxJ4LkKU4k_I7bKUIADh-lZr_hMd5EoQOxt4JYPYLyi2AQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.sedar.com<\/a>.<\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"3\" style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Three Months<\/strong><br \/>\n            <br \/>\n            <strong>May 31, 2023<\/strong>\n          <\/td>\n<td colspan=\"3\" style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Three Months<\/strong><br \/>\n            <br \/>\n            <strong>May 31, 2022<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Loss and comprehensive loss<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">($11,122,415)<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">($8,992,780)<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Loss per share &#8211; basic and diluted<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">($0.05)<\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">($0.04)<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>As At<\/strong><br \/>\n            <br \/>\n            <strong>May 31, 2023<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>As At<\/strong><br \/>\n            <br \/>\n            <strong>February 28, 2022<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Cash, cash equivalents and short-term investments<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$34,465,530<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$40,622,180<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Total assets<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$188,859,007<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$194,280,141<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Total current liabilities<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$1,964,550<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$1,738,766<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Total liabilities<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$2,095,404<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$1,890,074<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Total shareholders\u2019 equity<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$186,763,603<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle;vertical-align: bottom\">$192,280,141<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Ab<\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>out American Lithium<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on the continued 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 Hard-rock Lithium Project and Macusani Uranium Project in southeastern Peru. All three projects, TLC, Falchani and Macusani have been through robust preliminary economic assessments, exhibit strong significant expansion potential and enjoy strong community support. Pre-feasibility is well advanced at Falchani and has commenced at TLC.\u00a0\u00a0<\/p>\n<p align=\"justify\">For more information, please contact the Company at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EY2sRmN559wLaxP5LmwjgK9-H3I40Fq--Dl1Q9UowAg_maGoRyOP_c5LvSCo5NvfQ7ZknJPyyCwWG8KmnnkpwVorSYtZWfv7NhrR-3hg7B2M-cqc58g0lAgUel2UJTPp\" rel=\"nofollow noopener\" target=\"_blank\">info@americanlithiumcorp.com<\/a>\u00a0or visit our website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RQd9oqShQJh1Bdn_xEZ9l2T5iZ7iGRuAAHhOEPzR33FdTILlSkVYEJnds8dpZB47tgJtHOYhXrkf7vGxJEI6-h-KvByWLy9heHnV5zLJ1NZKg2WolOaNELkYsp-atDDL\" rel=\"nofollow noopener\" target=\"_blank\">www.americanlithiumcorp.com<\/a>\u00a0for project update videos and related background information.<\/p>\n<p align=\"justify\">Follow us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mW8lD1-7cDz3f8W445kQIBPufqELxY4fvjuu3mcZwlfqZ_eUVLO-pU85S6fnKjtYlOSrJQJyXnUkPRVqoU65A_T-FBawFB1uHb_dpFoiecw=\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NG7WwS3oeEg_ATpAPusgCe3yaZIeWVae7xReKR_o23eS2iahIchcO36gr7EYb3aEnLCDOyGtQnXbCexheYNmK21NTGxc5JVZguUrwcBbQ9cU-XmPL1WsYJsgjXMFjCB_P9NQd5zgY8tXxwkCZxJEBQ==\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YGPTG9rK1bTQVT-Osg0Ej9PmvpCLpfFTS_aZ8Cp7Atd9yzKrh_OcYlTwiKWLtkwH2LYNkftb-xwZRyO_7Mq682xD6oXZD9XXm8njRm1NC8Al-qOuBZY0-pCbta6Oedvy\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>On behalf of the Board of Directors of American Lithium Corp.<\/strong>\n      <\/p>\n<p>\n        <em>\u201cSimon Clarke\u201d<\/em><br \/>\n        <br \/>CEO &amp; Director<br \/>Tel: 604 428 6128<\/p>\n<p>\n        <strong>For Media Inquiries: <\/strong>\n      <\/p>\n<p>Nancy Thompson<br \/>Vorticom, Inc.<br \/>212-532-2208<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward Looking Information<\/strong><br \/>\n        <br \/>\n        <em>This news release contains certain forward-looking information and forward-looking statements (collectively \u201cforward-looking statements\u201d) 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 ability to appeal the judicial ruling, the anticipated completion of pre-feasibility work, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as &#8220;may&#8221;, &#8220;will&#8221;, &#8220;plan&#8221;, &#8220;expect&#8221;, &#8220;anticipate&#8221;, &#8220;estimate&#8221;, &#8220;intend&#8221;, \u201cindicate\u201d, \u201cscheduled\u201d, \u201ctarget\u201d, \u201cgoal\u201d, \u201cpotential\u201d, \u201csubject\u201d, \u201cefforts\u201d, \u201coption\u201d 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 and 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\u2019s ability to achieve its stated goals;, which could have a material adverse impact on many aspects of American Lithium\u2019s 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\u2019s 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\u2019s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; the judicial appeal process in Peru, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; 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; 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, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium\u2019s shares and could negatively affect American Lithium\u2019s 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 \u201cRisk Factors\u201d section of American Lithium\u2019s Management\u2019s Discussion and Analysis filed on May 29, 2023, 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. <\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Cautionary Note Regarding Macusani Concessions<\/strong><br \/>\n        <br \/>\n        <em>32 of the 174 Falchani Project and Macusani Project concessions now held by American Lithium\u2019s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the \u201cProcesses\u201d) in Peru to overturn resolutions issued by the Geological, Mining, and Metallurgical Institute of Peru (\u201cINGEMMET\u201d) and the Mining Council of the Ministry of Energy and Mines of Peru (\u201cMINEM\u201d) in February 2019 and July 2019, respectively, which declared Macusani\u2019s title to the 32 concessions invalid due to late receipt of the annual validity payment. Macusani successfully applied for injunctive relief on these 32 concessions in a Court in Lima, Peru, and the grant of the Precautionary Measures (Medida Cautelar) has restored and maintained the title, rights, and validity of those 32 concessions to Macusani. On November 2, 2021, the Company was made aware that the judicial ruling in relation to those 32 concessions had been issued in favour of the Company. The ruling restored full title to these concessions. On November 26, 2021, the Company confirmed that appeals of the judicial ruling were lodged by INGEMMET and MINEM, and subsequently other parties. The appeals will be considered by a higher court tribunal and are currently scheduled for September 7, 2023. If American Lithium\u2019s subsidiary Macusani does not obtain a successful resolution to the Processes, Macusani\u2019s\u00a0title to the 32 concessions could be revoked. However, the Company would then have further recourse through an appeal\u00a0to the Supreme Court<\/em><br \/>\n        <em>.<\/em>\n      <\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzY2OSM1NzAwODIwIzIxODM4MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OGQ4Mjk1MDUtZjE3MC00NmI1LTk5ODUtNGQxMTA3ZDkwZmUxLTExOTUzNzQ=\/tiny\/American-Lithium-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VANCOUVER, British Columbia, July 19, 2023 (GLOBE NEWSWIRE) &#8212; American Lithium Corp. (\u201cAmerican Lithium\u201d or the \u201cCompany\u201d) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) provides financial and operating highlights for the first quarter ended May 31, 2023. Unless otherwise stated, all amounts presented are in Canadian dollars. \u201cWe continue to see good progress on all fronts and delivered on several key milestones,\u201d stated Simon Clarke, CEO of American Lithium. \u201cWe filed a robust maiden PEA at our wholly owned TLC Lithium Project in Nevada (\u201cTLC\u201d) and that project has now moved into pre-feasibility with DRA Global as lead engineer. In Peru, we continue to make good progress at our Falchani Lithium Project (\u201cFalchani\u201d) as it moves through pre-feasibility and as we look &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;American Lithium Announces Financial and Operating Highlights  for First Quarter Ended May 31, 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-771154","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, July 19, 2023 (GLOBE NEWSWIRE) &#8212; American Lithium Corp. (\u201cAmerican Lithium\u201d or the \u201cCompany\u201d) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) provides financial and operating highlights for the first quarter ended May 31, 2023. Unless otherwise stated, all amounts presented are in Canadian dollars. \u201cWe continue to see good progress on all fronts and delivered on several key milestones,\u201d stated Simon Clarke, CEO of American Lithium. \u201cWe filed a robust maiden PEA at our wholly owned TLC Lithium Project in Nevada (\u201cTLC\u201d) and that project has now moved into pre-feasibility with DRA Global as lead engineer. In Peru, we continue to make good progress at our Falchani Lithium Project (\u201cFalchani\u201d) as it moves through pre-feasibility and as we look &hellip; Continue reading &quot;American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-20T00:52:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzY2OSM1NzAwODIwIzIxODM4MTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023\",\"datePublished\":\"2023-07-20T00:52:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\\\/\"},\"wordCount\":1505,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg3NzY2OSM1NzAwODIwIzIxODM4MTY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\\\/\",\"name\":\"American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023 - 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(\u201cAmerican Lithium\u201d or the \u201cCompany\u201d) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) provides financial and operating highlights for the first quarter ended May 31, 2023. Unless otherwise stated, all amounts presented are in Canadian dollars. \u201cWe continue to see good progress on all fronts and delivered on several key milestones,\u201d stated Simon Clarke, CEO of American Lithium. \u201cWe filed a robust maiden PEA at our wholly owned TLC Lithium Project in Nevada (\u201cTLC\u201d) and that project has now moved into pre-feasibility with DRA Global as lead engineer. In Peru, we continue to make good progress at our Falchani Lithium Project (\u201cFalchani\u201d) as it moves through pre-feasibility and as we look &hellip; Continue reading \"American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-20T00:52:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzY2OSM1NzAwODIwIzIxODM4MTY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023","datePublished":"2023-07-20T00:52:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/"},"wordCount":1505,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzY2OSM1NzAwODIwIzIxODM4MTY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/american-lithium-announces-financial-and-operating-highlights-for-first-quarter-ended-may-31-2023\/","name":"American Lithium Announces Financial and Operating Highlights for First Quarter Ended May 31, 2023 - 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