American Lithium Corp.

American Lithium Corp. is a junior lithium development company headquartered in Vancouver, Canada, operating primarily in South America. The company's portfolio consists of 3 development projects. Key assets include Falchani and Tonopah Lithium Claims (TLC). The company is an exploration and development stage enterprise focused on advancing resource properties through systematic evaluation and de-risking. Its business model centers on progressing assets from discovery to commercial viability, supported by in-house technical expertise in process development. A key operational characteristic is the refinement of specialized processing flowsheets designed to optimize extraction rates and product purity while minimizing operational expenditures. This includes work on pre-concentration techniques to upgrade feed material and reduce plant size, as well as testing various leaching parameters to lower reagent consumption and improve project economics. The organization's approach involves conducting detailed metallurgical and pilot process plant testing to validate and enhance its proprietary extraction methods. By focusing on flowsheet optimization and process improvements, the company aims to establish a competitive advantage through potentially lower capital and operating costs. The business strategy also includes evaluating the production of valuable by-products from its mineral streams, which could further enhance project returns and provide operational diversification.

Strategic focus centers on the systematic advancement and de-risking of its development projects, with a clear progression path from preliminary economic assessments to pre-feasibility studies. A core objective is to expand and upgrade mineral resource estimates through targeted in-fill and expansion drilling programs. The organization prioritizes the continuous optimization of its processing flowsheets to enhance project economics by increasing recovery rates, improving final product purity, and reducing estimated capital and operating costs. This involves ongoing metallurgical test work and trade-off studies on different processing options. Capital allocation is directed towards critical-path development activities, including bulk sampling for pilot plant testing, environmental baseline studies, and the preparation of comprehensive environmental impact assessments to support future mine permitting processes. The company also pursues resource growth through exploration drilling on new discovery targets adjacent to its main deposits. A further strategic element involves deferring the spin-out of certain assets to advance them internally, capitalizing on favorable market conditions and retaining full value for shareholders.

The governance framework is structured around robust internal controls over financial reporting, designed and evaluated based on the Internal Control – Integrated Framework (2013) published by the Committee of Sponsoring Organizations of the Treadway Commission. Management is responsible for designing, maintaining, and certifying the effectiveness of these internal controls and disclosure procedures to ensure timely and accurate reporting as required by securities legislation. The board of directors and senior management have implemented anti-corruption training, reflecting a commitment to high ethical standards. Key management personnel, consisting of executive and non-executive board members and corporate officers, are responsible for planning, directing, and controlling the company's activities. Scientific and technical information is reviewed and approved by a designated Qualified Person within the executive team, ensuring compliance with industry disclosure standards. The company also makes judgements regarding the carrying value of its assets, the valuation of share-based compensation, and the determination of significant influence over associated companies, which are critical to its financial reporting.

The organization demonstrates its commitment to environmental, social, and governance principles through the publication of a formal ESG report. Environmental stewardship is highlighted by a record of zero instances of non-compliance with environmental regulations and an ongoing reclamation and remediation study with the University of Nevada, Reno, focused on seed coatings to promote efficient floral remediation. Social initiatives include extensive community support programs, such as funding and installing solar and battery systems in local homes, facilitating mobile medical and dental clinics, and providing continuous support for local education and healthcare workers. The company maintains a Human Rights and Diversity Policy that references the Universal Declaration of Human Rights and has implemented social risk management mechanisms to identify and address community concerns. Cultural engagement includes maintaining a liaison with tribal groups for pre-disturbance cultural surveys and early project consultation. A tragic vehicle accident involving a community member led to the establishment of an educational endowment for local youth in consultation with the victim's family.

The corporate structure includes a strategic investment made in June 2023 in Surge Battery Metals Inc., through which the company acquired common shares and common share purchase warrants. This investment establishes a relationship with an entity that has a primary asset for which it has published a mineral resource estimate. Operations are conducted through subsidiaries, including Macusani Yellowcake S.A.C., which holds title to a portfolio of concessions. This subsidiary has been involved in administrative and judicial processes in Peru to defend its title to 32 of these concessions against resolutions issued by governmental mining institutes. The company has stated it will pursue all available legal options to defend its interests in this matter. Another subsidiary, Plateau Energy Metals Inc., holds a key project for which a technical report is filed under its public profile. The decision was made in July 2023 to defer a potential spin-out of this subsidiary's assets and instead advance the next phase of work within the parent company structure.