American Lithium: Expanding the Falchani Lithium Project

American Lithium Corp. (TSX-V: LI, NASDAQ: AMLI, Frankfurt: 5LA1) is a Vancouver-based company that is actively involved in the development of large-scale lithium projects in mining-friendly regions of the Americas. With a focus on strategic locations such as the TLC Lithium Claystone Project in Nevada, the Falchani Hard-Rock Lithium Project in Peru, and the Macusani Uranium Project, also in Peru, American Lithium is well-positioned to capitalize on the growing demand for lithium driven by the electric vehicle and battery storage markets.

The Significance of the Falchani Lithium Project

One of American Lithium's flagship projects is the Falchani Lithium Project in Peru. The recent drilling results at Falchani have demonstrated strong continuity and significant expansion potential. The drilling intersected long intervals of lithium-mineralized volcanic tuff and breccia material, with impressive grades of up to 5,025 ppm lithium and 8,290 ppm cesium.

The most notable achievement of the recent drilling campaign is the extension of the lithium mineralization footprint 400 meters west of the previous resource boundary. This expansion indicates the potential for further resource growth as the Falchani project continues to be explored and delineated. Moreover, the absence of ground water in any of the drilled holes to date is an encouraging sign as it simplifies the feasibility studies and mine planning process.

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Continued Progress and Resource Expansion at Falchani

American Lithium's commitment to the Falchani Lithium Project is evident in its ongoing efforts to expand the resource and advance the project through the pre-feasibility stage. The company has recently completed a series of drill holes as part of a hydrological study under the Environmental Impact Assessment (EIA) permitting program. These holes have been strategically placed to monitor water levels and gather comprehensive data to support an updated EIA report, which is expected in 2024.

The comprehensive data obtained from the hydrological study will not only aid in the ongoing permitting process but also provide valuable insights into the project's feasibility. By completing the bulk of the EIA field work, American Lithium aims to streamline the drilling process and reduce the need for additional permits, thereby derisking the project timeline.

Unlocking the Potential of Falchani

The Falchani Lithium Project has been recognized as a premier global lithium asset at the development stage. The scale of the mineralized system at Falchani supports the potential for a large-scale mining operation, with sectors of the property suitable for both conventional hard rock and claystone extraction methods.

In addition to its mineral potential, the strategic location of Falchani is another key advantage. The project is situated in close proximity to essential infrastructure such as transportation, water, and power supply, which are crucial for supporting a large-scale mining operation. This strategic advantage further enhances the project's viability and potential for success.

Recent Drill Results: A Glimpse into Falchani's Potential

The latest drilling results at Falchani highlight the significant expansion potential and continuity of lithium mineralization at the project. Several holes have yielded impressive lithium grades and intersected thick intervals of mineralization, linking different portions of the deposit. Notably, hole Pz07-TV intersected 160 meters averaging 1,817 ppm lithium, including a zone of 95 meters averaging 2,345 ppm lithium. Hole Pz10-TV also delivered promising results, with an average grade of 2,196 ppm lithium over 160 meters, including a zone of 74 meters averaging 3,055 ppm lithium.

The drilling results have extended the lithium mineralization footprint by 400 meters west of the previous resource boundary, demonstrating the project's robust growth potential. This expansion will be factored into an updated mineral resource estimate prepared by Stantec Consulting, which will provide a more accurate view of the project's lithium resource potential. These results reaffirm American Lithium's commitment to systematically exploring and advancing the Falchani project.

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The Path to Near-Term Lithium Production

As the global demand for lithium continues to accelerate, American Lithium is well-positioned to capitalize on this trend through its ownership of the Falchani Lithium Project. The ongoing expansion of the project's lithium mineralization footprint and the progress made in the permitting process contribute to derisking the project timeline, making it an attractive opportunity for investors looking for near-term lithium production exposure.

The current lithium prices, which remain well above historical levels, further enhance the investment potential of American Lithium. With its strategic focus on mining-friendly regions and its commitment to developing large-scale lithium projects, American Lithium is poised to establish itself as a leading player in the lithium industry and contribute significantly to the accelerating energy transition.

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Conclusion

American Lithium's Falchani Lithium Project in Peru represents a significant opportunity for both the company and investors. The project's impressive drilling results, ongoing resource expansion, and strategic location contribute to its potential as a premier global lithium asset. The company's commitment to advancing the project through the pre-feasibility stage, coupled with its strong community relations and robust economics, further solidify its position in the market.

As the demand for lithium continues to surge, American Lithium's strategic focus on lithium-rich regions of the Americas positions it well to capitalize on the growing market. With its expertise, resources, and dedication, American Lithium is on track to become a key player in the lithium industry and contribute to the global energy transition. Investors seeking exposure to the lithium market should closely monitor American Lithium's progress and consider the significant potential offered by the Falchani Lithium Project.

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