Tuesday, October 21, 2025

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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Sigma Lithium Secures Operating License For Grota do Cirilo, Production To Begin “Within Days”

Sigma Lithium (NASDAQ: SGML), a Canadian mineral developer, has secured a license in Brazil to...

Tuesday, April 11, 2023, 11:27:33 AM

The Lithium Rush: Prices Soar As Electric Vehicle Demand Rises

Electric vehicle demand is pushing up the prices for lithium, the key battery ingredient. According...

Friday, September 23, 2022, 03:09:00 PM

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

Noram Reports 1113 PPM Lithium Over 88 Metres At Zeus Property

Further assay results were released this morning by Noram Ventures (TSXV: NRM) in connection with...

Thursday, January 28, 2021, 07:22:36 AM

Liontown Resources Reviewing Expansion Plans Amidst Falling Lithium Prices

Liontown Resources is currently evaluating its expansion strategy for the Kathleen Valley Lithium Project in...

Monday, January 22, 2024, 12:06:33 PM