LI.V · 2025-08-18 12:00:00

American Lithium Closes Oversubscribed Private Placement

Financings

Not for distribution to U.S. news wire services or dissemination in the United States

VANCOUVER, BRITISH COLUMBIA, August 18, 2025 – American Lithium Corp. (“American Lithium” or the

“Company”) (TSX -V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to announce that it has closed its

previously announced non-brokered private placement for aggregate gross proceeds of $9,400,000 (the

“Private Placement”).

The Private Placement consisted of the issuance and sale of 34,814,815 units of the Company (the “Units”)

at a price of $0.27 per Unit. Each Unit issued pursuant to the Private Placement consists of one common

share (a “ Common Share”) in the capital of the Company and one Common Share purchase warrant (a

“Warrant”). Each warrant entitles the holder thereof to purchase one Common Share at an exercise price

of $0.50 for 36 months from the closing date of the Private Placement.

The Private Placement was made to qualified investors in such provinces of Canada as the Company may

designate, and otherwise in those jurisdictions where the Private Placement can lawfully be made. All

securities issued pursuant to the Private Placement are subject to a four -month hold and one day hold

period in accordance with applicable Canadian securities laws.

The Company intends on using the net proceeds from the Private Placement to continue advancing its

projects in Nevada and Peru and for general corporate purposes. No finder’s fee was paid in this

transaction.

The Offering included subscriptions from insiders of the Company for an aggregate of 11,111,111 Units

totaling gross proceeds of $3,000,000 . Such participation constitutes a “related party transaction” within

the meaning of Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special

Transactions (“MI 61 -101”) and Policy 5.9 of the TSX Venture Exchange . The Company has relied on

exemptions from the formal valuation and minority shareholder approval requirements under MI 61 -101

on the basis that neither the fair market value of the Units issued to interested parties (as defined in MI 61-

101), nor the consideration received for those Units will exceed 25% of the Company’s market

capitalization.

This news release shall not constitute an offer to sell or the solicitation of an offer to sell nor shall there

be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About American Lithium

American Lithium is developing two of the world’s largest, advanced -stage lithium projects, along with

the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project

in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern

Peru. All three projects have been through robust preliminary economic assessments, exhibit significant

expansion potential and enjoy strong community support.

For more information, please contact the Company at [email protected] or visit our website

at www.americanlithiumcorp.com.

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

“Alex Tsakumis”

Interim CEO

Tel: 604 428 6128

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX V)

accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward Looking Information

This 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, the use of proceeds. 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 A merican 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 busi ness strategy of American Lithium are identified in

the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on July 30, 2025, 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.

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