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American Lithium Announces Increasing the Size of Previously Announced Private Placement to $ 35 Million

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Not for distribution to cable news services in the United States or for broadcast in the United States.

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) – American Lithium Corp. (” American lithium “Wave” Company “) (TSX-V: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) is pleased to announce that, in connection with its previously announced private placement offering of units (” Units “), Has entered into an amended agreement with Eight Capital, on behalf of an agent syndicate that includes Echelon Wealth Partners Inc. and TD Securities Inc., as co-principal agents and joint book brokers (collectively,” Agents “) By virtue of which the Corporation has increased the size of the private placement to 13,208,000 Units at an offer price of $ 2.65 per Unit (the” Issue price “), For total gross income up to $ 35,001,200 (the” Offering ”), To adapt to the demand of investors.


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Each unit will be made up of one common share in the capital of the company (a ” Share “) And half of a common stock purchase guarantee (each full guarantee, one” Order ”). Each warrant will entitle its holder to purchase one Share at an exercise price of $ 4.00 per Share, for a period of 24 months after the closing of the Offer.

In connection with the expansion, agents will no longer have an over-allotment option to increase the offer size beyond the current offer size.

The gross proceeds from the offering will be used for the exploration and development of the Company’s TLC Project, the Falchani Project and the Macusani Project, and for working capital and general corporate purposes.

The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or for, or for the account or benefit of, persons. Americans in the country. absence of US registration or an applicable exemption from US registration requirements This release does not constitute an offer to sell securities in the United States.


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The Offer is scheduled to close around November 3, 2021 and is subject to certain conditions including, but not limited to, receipt of all necessary regulatory and other approvals, including from the TSX Venture Exchange. All securities to be issued in connection with the offering will be subject to a statutory retention period that expires four months and one day after the closing of the offering.

About American lithium

American Lithium, a member of TSX Venture 50, is actively involved in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. Currently, the Company is focused on enabling the shift to the new energy paradigm through continued exploration and development of its strategically located TLC lithium clay stone project in the richly mineralized Esmeralda lithium district in Nevada, as well as continuing to advance in its development of Falchani lithium and Macusani uranium. projects in southeastern Peru. Both Falchani and Macusani have undergone preliminary economic evaluations, exhibit strong additional exploration potential and are located close to important infrastructure.


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The TSX Venture 50 is a ranking of the best in each of the industry sectors on the TSX Venture Exchange for the past year.

For more information, contact the Company at [email protected] or visit our website at for project update videos and related background information.

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On behalf of the Board of Directors of American Lithium Corp.

“Simon Clarke”

CEO and Director

Tel: 604 428 6128

For more information contact:

American Lithium Corp.

Email: [email protected]


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.


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Forward-looking statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties with respect to the specific factors disclosed herein. Forward-looking statements in this release include, without limitation, the closing of the offering and the use of the proceeds of the offering. Information provided in this release is necessarily summarized and may not contain all available material information. All such information and forward-looking statements are based on certain assumptions and analyzes made by American Lithium’s management in light of its experience and perception of historical trends, current conditions, and expected future developments, as well as other factors that management believes. that are appropriate in the circumstances. . However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risk Factors” in the MD&A and Annual Information Form most recently filed by American Lithium. The Company does not intend, and expressly disclaims any obligation, to update or revise the forward-looking information contained in this press release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.



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