Monday, September 8, 2025

Latest

American Lithium Completes $15.0 Million Funding

American Lithium Corp. (TSXV: LI) announced last night that it has completed its previously announced non-brokered private placement for aggregate proceeds of $15.0 million. The offering consisted of 7.5 million units sold at $2.00 per unit.

Under the terms of the financing, each unit consisted of a common share and one-half of a common share purchase warrant. Each whole warrant entitles the bearer to purchase a common share at $3.00 per share until April 29, 2024.

The company said proceeds of this funding will be used to continue the development of its TLC lithium project in Nevada, the development of its Falchani and Macusani projects in Peru once the acquisition of Plateau Energy Metals Inc. closes, and for general working capital purposes.

American Lithium Corp. last traded at $2.08 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

Related News

Lithium Americas: Results of Tesla Supercharging Test Is A Positive For This Well-Positioned Lithium Miner

Tesla’s Shanghai-made Model 3, which comes equipped with a lithium iron phosphate (LFP) battery, appears...

Wednesday, November 11, 2020, 12:01:00 PM

Australia’s Ioneer Secures $996 Million DOE Loan For Lithium Project In Nevada

Australian lithium company Ioneer (NASDAQ: IONR) has secured a US Department of Energy loan of...

Monday, January 20, 2025, 03:44:00 PM

United Lithium Encouraged By Proprietary Floatation Test Development

United Lithium Corp (CSE: ULTH) this morning released results from ongoing testing of proprietary floatation...

Tuesday, October 12, 2021, 08:54:58 AM

Noram Ventures Hits 36.6 Metres Of 1121 PPM Lithium At Zeus

Noram Ventures (TSXV: NRM) this morning announced the completion of drill hole CVZ-63, for which...

Tuesday, February 2, 2021, 07:24:06 AM

United Lithium: Advancing Two European Lithium Projects

United Lithium Corp. (CSE: ULTH) is a relatively new Canadian lithium exploration company that is...

Monday, June 7, 2021, 04:45:00 PM