American Lithium Announces Non-Brokered Private Placement

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Not for distribution to U.S. news wire services or dissemination in the United States

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VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to announce a non-brokered private placement of up to 30,000,000 units (the “Units”) of the Company at a price of $0.27 per Unit for aggregate gross proceeds of up to $8,100,000 (the “Private Placement”).

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Each Unit issued pursuant to the Private Placement will consist of one common share (a “Common Share”) in the capital of the Company and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.50 for 36 months from the closing date of the Private Placement.

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The Company intends to use the net proceeds from the Private Placement for working capital and general corporate purposes.

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The Private Placement is subject to certain closing conditions, including, but not limited to, the receipt of all necessary regulatory approvals and the approval of the TSX Venture Exchange (the “TSXV”).

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The Private Placement will be made to qualified investors in such provinces of Canada as the Company may designate, and otherwise in those jurisdictions where the Private Placement can lawfully be made. All securities issued pursuant to the Private Placement will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws.

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The Private Placement may include one or more subscriptions by directors or other insiders of the Company. Subscriptions completed by insiders in the Private Placement may constitute a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and Policy 5.9 of the TSXV. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 on the basis that neither the fair market value of the Units issued to interested parties (as defined in MI 61-101), nor the consideration received for those Units, will exceed 25% of the Company’s market capitalization.

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This news release shall not constitute an offer to sell or the solicitation of an offer to sell nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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About
American
Lithium

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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 project 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.

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

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“Alex
Tsakumis”

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Interim CEO

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Tel: 604 428 6128

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Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.