American Lithium Welcomes Peru’s National Interest Declaration for Uranium and Lithium Forum FALCHANI AND MACUSANI PROJECTS WELL-POSITIONED AS STRATEGIC ASSETS
American Lithium Welcomes Peru’s National Interest Declaration for Uranium
and Lithium Forum
FALCHANI AND MACUSANI PROJECTS WELL-POSITIONED AS STRATEGIC ASSETS
VANCOUVER, BRITISH COLUMBIA – June 2, 2026 – American Lithium Corp. ("American Lithium" or the
"Company") (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) welcomes the Peruvian government's issuance of
a Supreme Decree formally declaring the national importance of both uranium and lithium and calling for
the organization and staging of an International Forum entitled “Uranium and Lithium: Pillars of energy
leadership for mining, technological and smart city development in Peru and the world”.
This inaugural forum, co-organized by Peru's Ministry of Energy and Mines (MINEM) and the Ministry of
Housing, Construction and Sanitation, is scheduled for July 7–8, 2026. The decree formally recognizes
uranium and lithium as critical and strategic minerals of increasing international relevance , citing their
central role in the energy transition, electromobility, clean energy storage, and smart city development.
The decree also highlights as government policy objectives the development of an energy sector with
minimal environmental impact and low carbon emissions within a sustainable development framework.
The Peruvian government’s policy direction coincides with rising international focus on Peru’s role in long-
term critical minerals supply, including discussions linked to the upcoming 27 th World Mining Congress,
also to be hosted in Lima.
American Lithium holds two of the most strategically located and advanced-stage projects in Peru's Puno
region: the Falchani Lithium Project , one of the world's largest hard -rock lithium and cesium deposits;
and the Macusani Uranium Project , the largest undeveloped uranium project in Latin America. Both
projects are situated on the Macusani Plateau in southeastern Peru and both projects have several robust
Preliminary Economic Assessments completed, along with increased mineral resources supported
through further exploration.
"The Peruvian government's decision to declare this Forum of national importance is a landmark
development that validates exactly what we have believed for many years," said Dr. Laurence Stefan,
President and Chief Operating Officer. "Peru holds extraordinary uranium and lithium resources, and this
Forum signals that the country is ready to take its place at the center of the global critical minerals
conversation. American Lithium, through our Falchani and Macusani projects, is uniquel y positioned to
contribute to Peru's energy leadership ambitions. We look forward to participating in the Forum and
working constructively with government, industry, and community stakeholders to advance these world-
class assets responsibly and on an accelerated timeline."
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 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.
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On behalf of the Board of Directors of American Lithium Corp.
“Alex Tsakumis”
Chief Executive Officer
Tel: 604 428 6128
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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; w hich 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 del ays 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 dep osits; 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 risk s 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 American 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 bu siness strategy of
American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s
Discussion and Analysis filed on January 28, 2026 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 forwa rd-
looking statements.