LI.V · 2025-12-16 12:00:00

American Lithium Corp. Announces Intention to Advance Spin-Out of Macusani Uranium

Mergers & Acquisitions

VANCOUVER, BRITISH COLUMBIA, December 16, 2025 – American Lithium Corp. (“American Lithium” or

the “Company”) (TSX -V:LI | OTCQX:AMLIF | Frankfurt:5LA1 ) is pleased to announce that, following the

final resolution of all legal matters relating to its Macusani Uranium Project in Peru (“Macusani”), as

announced by the Company on December 3, 2025, the Company is initiating the process to spin-out

Macusani into an independent public company for the benefit of all shareholders.

With the Company’s Peruvian mining concessions now completely under the Company’s control , all

appeals exhausted and increasing support in the resource sector, American Lithium is positioned to

proceed with the Macusani spin-out. Continued strength in uranium pricing, increasing utility contracting,

and growing global emphasis on long -term nuclear fuel security make this an opportune moment to

unlock the full value of this large standalone uranium asset.

“Recognized as one of the largest undeveloped uranium deposits in the world, Macusani is a prospective

company-maker,” stated Alex Tsakumis, Interim CEO. “ By t ransitioning the project into a stand-alone

uranium company, we believe this will provide our shareholders with exceptional leverage to the

emerging uranium bull market.”

In parallel with progressing the spin -out, American Lithium is advancing technical work at Macusani, in-

cluding a new updated Mineral Resource Estimate (“MRE”), and Preliminary Economic Assessment

(“PEA”). Deloitte Mining Technical Advisory and DRA Global Limited have been commissioned to complete

these updates, which are well underway with data secured, core analysis finished, and site visits complete.

The revised MRE and PEA are moving toward completion, with results expected in Q1 2026.

Readers are cautioned that the spin -out remains in the planning stages and is subject to completion of

tax, corporate and securities structuring work and the ultimate execution of definitive documentation.

The exact structure, terms and conditions of the spin-out will be announced in due course. Completion of

the spin-out will be subject to conditions, which may include shareholder and regulatory approvals and

there is no assurance that the spin-out will be completed.

About The Macusani Uranium Project

Macusani hosts the largest undeveloped uranium project in Latin America. The project has been advanced

through extensive exploration, engineering and economic studies, benefits from strong community rela-

tionships, and now has a fully confirmed concession footprint following the official legal resolutions an-

nounced in December 2025.

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 and the Falchani hard -rock lithium pro ject in southern Peru, which also hosts a globally

significant cesium resource, as well as the Macusani uranium project located in the same region. All three

projects have completed 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 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 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, statements regarding the spin-out, the

MRE, the PEA, 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 thereo f, 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 op inions 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: the risk of not proceeding

with the spin-out; the risk of not obtaining shareholder or other corporate approvals for the spin-out; the

risk of not obtaining regulatory approvals for the spin-out; the risk of unanticipated tax consequences with

the spin -out; the risk of the market valuing the Company and the spin -out company in a manner not

anticipated by the Company; risks related to the benefits of the Spin-Out not being realized; the timing of

completion of the MRE and PEA; 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 obtain ing 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 ge nerally, 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 unkno wn 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 fi led on October 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. The information contained in this news release was accurate at the time of

dissemination but may be superseded by subsequent news release(s).

← Back to feed