American Lithium Reports Results of Annual General and Special Meeting
AMERICAN LITHIUM REPORTS RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING
VANCOUVER, BRITISH COLUMBIA, November 27, 2024 – American Lithium Corp. (“American Lithium” or
the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) reports the voting results for the Company’s
Annual and Special Meeting of Shareholders (the “Meeting”) held today in Vancouver, British Columbia.
Detailed voting results of the election of the Company’s board of directors (the “Board of Directors”) are
set out below:
Nominee Votes For % For Votes Withheld % Withheld
Andrew Bowering 20,678,971 57% 15,474,981 43%
Alex Tsakumis 35,472,118 98% 681,834 2%
Laurence Stefan 20,305,825 56% 15,848,127 44%
G.A. (Ben) Binninger 29,196,876 81% 6,957,076 19%
Claudia Tornquist 28,884,387 80% 7,269,565 20%
Carsten Korch 29,188,907 81% 6,965,045 19%
Rona Sellers 29,127,118 81% 7,026,834 19%
All nominees, as set forth in the Company’s Management Information Circular dated October 23, 2024
(the “Circular”), were elected as directors of American Lithium at the Meeting.
At the Meeting, shareholders also approved: (1) the appointment of Davidson & Company LLP as auditor
of the Company for the ensuing year and authorizing the Board of Directors to fix the remuneration of the
auditor and (2) the re-approval of the Company’s omnibus incentive plan, as more particularly described
in the Circular.
For further information regarding the matters considered at the Meeting readers are encouraged to
review the Circular, a copy of which is available under the profile for the Company on SEDAR +
(www.sedarplus.ca). The Company has also filed a report of voting results on all resolutions voted on at
the Meeting under its profile on SEDAR+.
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 projec t 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.
Follow us on Facebook, Twitter and LinkedIn.
On behalf of the Board of Directors of American Lithium Corp.
“Alex Tsakumis”
Interim Chief Executive Officer
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 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 an d 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 reflec ted 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 pro ve 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 de lays 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 g overnmental
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 general ly, 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 ri sks 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 o n October 15, 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. Invest ors 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, bu t 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 t he
outcome at this time.