American Lithium Announces Financial and Operating Highlights for Third Quarter Ended November 30, 2023 - Seite 2

Technical Report Filed for Falchani - independent National Instrument 43-101 Technical Report on the updated MRE for the Falchani filed showcasing the 476% increase in M&I Resources.

Resource Footprint Expanded at TLC – step out drilling has expanded the measured resource footprint at the TLC Lithium Project. A total of 26 diamond core holes and 16 reverse circulation holes drilled in 2022 and 2023 will be added to the updated mineral resource block model and incorporated into an updated MRE on TLC.

Petition Filed in Peru – following the unanimous ruling from the Peruvian Superior Court confirming the Company’s title to 32 disputed concessions, INGEMMET and MINEM petitioned the Supreme Court in a final attempt to reverse the ruling.

Selected Financial Data

The following selected financial data is summarized from the Company’s consolidated financial statements and related notes thereto (the “Financial Statements”) for the third quarter ended November 30, 2023. Copies of the Financial Statements and MD&A are available at www.americanlithiumcorp.com or on SEDAR+ at www.sedarplus.ca.

	Three Months November 30, 2023			Three Months November 30, 2022
Loss and comprehensive loss	($11,169,972)			($5,436,973)
Loss per share - basic and diluted	($0.05)			($0.03)

	As At November 30, 2023		As At February 28, 2023
Cash, cash equivalents and guaranteed investment certificates	$17,086,502		$40,622,180
Short-term investments	$4,171,420		-
Total assets	$177,178,511		$194,280,141
Total current liabilities	$2,195,227		$1,738,766
Total liabilities	$4,389,041		$1,890,074
Total shareholders’ equity	$172,789,470		$192,390,067