LI.V · 2021-09-15 12:00:00

Improved Salt Roast - Water Leaching Yields 89.4% Lithium Extraction

Drill Results

VANCOUVER, BRITISH COLUMBIA, September 15, 2021 – American Lithium Corp. (“American Lithium”

or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to provide details of additional

progress optimizing recent salt roasting and water leaching work on lithium mineralization from the

Tonopah Lithium Claims Project located near Tonopah, Nevada (“TLC”) .

Roast-Water Leach Process Highlights:

• Ongoing process work at TECMMINE in Lima, Peru has replicated, and improved upon, promising

initial roasting results from Hazen Laboratory using sulphate and/or chloride salts, followed by water

leaching. With this continued progress, the Company will pursue/finalize further optimization work.

• The best salt roast – water leach results achieved to date at TECMMINE, include:

▪ 89.4% Li extraction using a combination of gypsum, sodium chloride and sodium sulfate roasting;

▪ 87.3% Li extraction using a combination of gypsum and sodium chloride; and

▪ 79.3% Li extraction using gypsum-only.

Dr. Laurence Stefan, COO of American Lithium, states, “the success of roasting TLC lithium claystones

continues to demonstrate the processing versatility of this unique style of mineralization and its

untapped potential. Salt roast - water leaching results in minimal impurities in pregnant leach solutions

and allows the production of either lithium carbonate or lithium hydroxide further enhancing the

Project’s flexibility. It also results in higher extraction of potential value-added by products. With recent

optimization work significantly improving lithium extraction from all our process options over a short

time-frame, it makes sense to continue and finalize this phase of development. This will ensure that we

maximize the potential of each process option, which in turn will enable us to select the best flow-sheet

for our preliminary economic assessment (“PEA”).”

Roast-Water Leach Process Details:

Roasting test work has previously shown promising results for processing TLC claystone lithium

mineralization. The recent program completed at TECMMINE has experimented with varying grind size,

roasting temperature, time and both quantity and type of roast salt reagent addition.

This processing route for lithium extraction also results in higher extraction of potassium (K-84%) and

rubidium (Rb-86%) that may facilitate the production of fertilizer (SOP – sulphate of potash) and/or

highly technical chemicals (rubidium hydroxide) as potential value-added by-products at TLC in Nevada.

It has become clear that salt roasting requires an interplay of calcium (gypsum) salts and sodium salts

(NaCl/sodium sulphate) to maximize Li extraction. Work thus far included roast optimization with

varying reagent quantities, the type of salt reagents, temperature, roast and leach time and grind size as

well as by-product potential. These improvements will be integrated into the process to determine the

best flow sheet option for the PEA as the Company determines the economic and environmental trade-

offs for the salt roast – water leach process option. Optimization of leach test work on the Company’s

other successful processing options also continues.

Qualified Person

Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National

Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the

scientific and technical information related to TECMMINE contained in this news release.

About American Lithium

American Lithium , a member of the TSX 50, is actively engaged in the acquisition, exploration and

development of lithium projects within mining -friendly jurisdictions throughout the Americas. The

Company is currently focused on enabling the shift to the new energy paradigm through the continued

exploration and develop ment of its strategically located TLC lithium claystone project i n the richly

mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and

Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been

through preliminary economic assessment s, exhibit strong additional exploration potential and are

situated near significant infrastructure.

The TSX Venture 50 is a ranking of the top performers in each of 5 industry sectors in the TSX Venture

Exchange over the last year.

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

at www.americanlithiumcorp.com for project update videos and related background information.

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.

Email: [email protected]

Website: www.americanlithiumcorp.com

Neither 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 fo rward-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 plans, objectives and advancement of the TLC, Falchani and

Macusani (the “Projects”), exploration drilling plans, in -fill and expansion drilling plans, results of exploration and

development plans, expansion of resources and testing of new deposits, environmental and social community

permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium.

Forward-looking statements are frequently ide ntified 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 futur e events and results. Forward-looking statements are

based on the current opinions and expectations of management 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, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc.

(“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to

the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies,

American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could

have a material adverse impact on many aspects of American Lithium’s businesses in cluding 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 impac t 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; risks related to the certainty of title to the properties of American Lithium, including the status

of the “Precautionary Measu res” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”),

the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American

Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario

Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including

but not limited to local communities and all levels of government; the po tential for delays in exploration or

development activities due to the COVID -19 pandemic; 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 natur e 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; po litical and regulatory risks associated with mining and

exploration; risks related to the uncertain global economic environment and the effects upon the global market

generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, 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 business strategy

of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion

and Analysis filed on June 25, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion

and Analysis filed on June 25, 2021, and in recent securities filings available at www.sedar.com. 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.

Cautionary Note Regarding Macusani Concessions

Thirty-two of the 151 concessions held by American Lithium ’s subsidiary Macusani, are currently subject to

Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET

and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declar ed Macusani’s title to

the 32 of the concessions invalid due to late receipt of the annual validity payment. Macusani successfully applied

for injunctive relief on 32 concessions in a Court in Lima, Peru, and the grant of the Precautionary Measures (Medida

Cautelar) has restored the title, rights and validity of those 32 concessions to Macusani until a final decision is

obtained in at the last stage of the judicial process. If American Lithium’s subsidiary Macusani does not obtain a

successful resolution of Processes, Macusani’s title to the concessions could be revoked.

← Back to feed