American Lithium Announces Trading On the OTCQX Market

Core Viewpoint - American Lithium has successfully qualified to trade on the OTCQX Best Market, enhancing its visibility and liquidity for U.S. shareholders while continuing to develop significant lithium and uranium projects in Latin America [2][7]. Company Overview - American Lithium is focused on developing two major lithium projects: the TLC claystone lithium project in Nevada and the Falchani hard rock lithium project in Peru, along with the Macusani uranium deposit, which is the largest undeveloped uranium project in Latin America [2]. - The company has conducted robust preliminary economic assessments for all three projects, indicating significant expansion potential and strong community support [2]. Market Position - Trading on the OTCQX Market provides American Lithium with efficient access to U.S. capital markets, allowing the company to utilize its home market reporting for information dissemination in the U.S. [8]. - The company previously traded on NASDAQ and has now transitioned to OTCQX under the symbol AMLIF [7]. Legal and Regulatory Context - There are ongoing administrative and judicial processes in Peru regarding the title of 32 concessions related to the Falchani and Macusani projects, with a favorable ruling awarded to American Lithium in November 2021, although appeals have been lodged by local authorities [6]. - A recent decision by a three-judge tribunal in November 2023 upheld the company's title to the concessions, but further legal proceedings are anticipated [6].