American Lithium Comments ON Article
American Lithium Corp.
Suite 1507, 1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
AMERICAN LITHIUM COMMENTS ON ARTICLE
VANCOUVER, British Columbia , February 23, 2021 – American Lithium Corp. (TSXV: LI)
(OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “ Company”) has been asked
by the TSX Venture Exchange (the “ Exchange”) to comment on an article published by
Promethean Marketing , Inc (“Promethean”). The article contains the following commentary:
“American Lithium (LIACF) told government regulators that its Tonopah, Nevada, property could
hold a record-setting amount of lithium - as much as seven million metric tons. ” The Company
notes that such disclosure combines measured & indicated and inferred resources for its TLC
lithium project. Such disclosure is not in compliance with National Instrument 43-101, should not
be relied upon and is retracted by the Company.
As previously disclosed, the Company was originally provided with a copy of the article by OTC
Markets Group Inc. The Company was not involved in the preparation of the article, nor di d it
have editorial control over the content.
The maiden pit-constrained resource estimate (at 400 ppm cut-off) for the TLC lithium project is
1.107 billion tonnes Measured and Indicated (“M+I”) plus 362 Mt Inferred containing 5.37 million
tonnes lithium carbonate equivalent ( “LCE”) M+I and 1.76 million tonnes LCE Inferred. For
complete information on the maiden resource estimate established for the TLC lithium project ,
readers should consult the technical report pre pared on behalf of the Company and dated
effective April 15, 2020, a copy of which is available under the profile for the Company on SEDAR
(www.sedar.com).
The technical information within this news release has been reviewed and approved by Bruce
Kienlen, P.Geo., a consultant to the Company and a qualified person under National Instrument
43-101.
About American Lithium Corp.
American Lithium is actively engag ed in the acquisition, exploration and development of lithium
deposits within mining-friendly jurisdictions throughout the Americas. The Company is currently
exploring and developing the TLC lithium project located in the highly prospective Esmeralda
lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory,
and in the same basinal environment as Albemarle’s Silver Peak lithium mine, and several
advancing deposits and resources, including Ioneer Ltd.’s (formerly Global Geoscience) Rhyolite
Ridge and Cypress Development Corp.’s Clayton Valley Project.
For more information, please contact the Company at [email protected] or visit our
website at www.americanlithiumcorp.com.
On behalf of the Board,
American Lithium Corp.
Michael Kobler, Chief Executive Officer
2
American Lithium Corp.
Suite 1507, 1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-looking statements
Statements in this release that are forward-looking information are subject to various risks and
uncertainties concerning the specific factors disclosed here. Information provided in this release
is necessarily summarized and may not contain all available material information. All such
forward-looking information and statements are based on certain assumptions and analyses
made by American Lithium management in light of their experience and perception of historical
trends, current conditions and expected future developments, as well as othe r factors
management believes are appropriate in the circumstances. These statements, however, 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 “Risks Factors” in American Lithium's most recently
filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or
revise the forward-looking information contained in this news release, except as required by law.
Readers are cautioned not to place undue reliance on forward-looking information or statements.