American Lithium Announces Management Changes and Applies to Nasdaq for Extension to Minimum Price Requirement
2024年8月28日 - 6:00AM
American Lithium Corp. (“American Lithium” or the “Company”)
(TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) announces the resignation
of Simon Clarke as Chief Executive Officer (“CEO”) and Director of
the Company effective September 1, 2024. Mr. Clarke is stepping
down to pursue other interests but will continue to assist the
Company in an advisory role. Alex Tsakumis, who has served on the
Board of Directors since 2022, will assume the role of Interim CEO.
Mr. Tsakumis is a seasoned mining executive who
has worked in the mining sector for over 30 years. He has been
involved in exploration, development and production projects
throughout his career with deep knowledge and understanding of all
aspects of the sector including capital markets and governance.
Andy Bowering, Executive Chairman comments, “On
behalf of the Board of Directors, I would like to thank Simon for
his dedication and service to the Company during his tenure and
wish him the very best and every success in his future
endeavors.”
The Company would also like to announce that
pursuant to the news release of March 13, 2024, it has applied for
an additional 180-days’ notice (“extension”) from the Nasdaq Stock
Market LLC (“Nasdaq”) to regain compliance with the Minimum Bid
Price Rule (“Minimum Bid”) of US$1.00 per share under Nasdaq’s
Listing Rule 5550(a)(2).
The extension has no immediate effect on the
listing or trading of the Company’s common shares (the “Shares”) on
Nasdaq, or the operations of the Company. If the extension is
granted, the Company would have an additional 180 calendar days to
regain compliance with the Minimum Bid, during which time the
Shares would continue to trade on Nasdaq. The extension remains
subject to approval of Nasdaq and does not have any impact on the
listing of the Shares on the TSX Venture Exchange.
About American
Lithium
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 enabling the shift to the new energy paradigm through
the continued development of its strategically located TLC lithium
project (“TLC”) in the richly mineralized Esmeralda lithium
district in Nevada, as well as continuing to advance its Falchani
lithium (“Falchani”) and Macusani uranium (“Macusani”)
development-stage projects 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.
For more information, please contact the Company
at info@americanlithiumcorp.com or visit our website
at www.americanlithiumcorp.com.
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On behalf of the Board of Directors of
American Lithium Corp.
“Andrew Bowering”
Executive Chairman
Tel: 604 428 6128
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.
Cautionary Statement Regarding Forward
Looking InformationThis news release contains certain
forward-looking information and forward-looking statements
(collectively “forward-looking statements”) 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 business plans,
expectations and objectives of American Lithium. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "anticipate", "estimate", "intend",
“indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”,
“efforts”, “option” 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’s
ability to achieve its stated goals;, which could have a material
adverse impact on many aspects of American Lithium’s 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’s 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’s
potential products, availability of materials, global travel
restrictions, and the availability of insurance and the associated
costs; 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’s shares and could negatively affect American
Lithium’s 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 “Risk
Factors” section of American Lithium’s Management’s Discussion and
Analysis filed on July 16, 2024, and in recent securities filings
available at www.sedarplus.ca. 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.
Cautionary Note Regarding 32
Concessions
Thirty-two of the one-hundred-seventy-four
concessions comprising the Falchani and Macusani Projects are
currently subject to Administrative and Judicial processes in Peru
to overturn resolutions issued by INGEMMET and the Mining Council
of MINEM in February 2019 and July 2019, respectively, which
declared title to thirty-two concessions invalid due to late
receipt of the annual validity payments. On November 2, 2021,
American Lithium was awarded a favorable ruling in regard to title
to the concessions, but on November 26, 2021, appeals of the
judicial ruling were lodged by INGEMMET and MINEM. A three-judge
tribunal of Peru’s Superior Court unanimously upheld the ruling in
a decision reported in November 2023. American Lithium was
subsequently notified that INGEMMET and MINEM have filed petitions
to the Supreme Court of Peru to assume jurisdiction in the
proceedings. Given the precedent of the original ruling it is hoped
that the Supreme Court will not assume jurisdiction; however, there
is no assurance of the outcome at this time.
American Lithium (NASDAQ:AMLI)
過去 株価チャート
から 11 2024 まで 12 2024
American Lithium (NASDAQ:AMLI)
過去 株価チャート
から 12 2023 まで 12 2024