What have been American Lithium’s key milestones since the acquisition of Plateau Energy Metals?

SC: The acquisition of Plateau Energy, in addition to adding two economically robust assets, brought in a strong technical leadership. This has integrated very well with our existing team and will play a significant role in advancing all of our projects.

Since the acquisition, we received our Plan of Operations and Reclamation Permits in Nevada allowing us to commence on the next phase of development and exploration at TLC. This includes the next major phase of drilling and completion of our maiden PEA expected to be completed by mid 2022. Our primary goal is to add additional value by providing the market with robust economic analysis and by expanding the deposit and increase the MI resource numbers as we move towards a feasibility study commencing later this year and early next year.

We have also completed a major equity financing totaling over C$35 million in capital raised with the support of the investment banking community and fundamentally taken down by global institutional investors. In addition, we have received a favorable Judicial Ruling in relation to the title of 32 disputed claims out of 151 that we have at the Macusani Plateau in Peru. Finally, we are pleased to have been named to the 2022 TSX Venture 50 for the second consecutive year and for the third out of the last four years.

Can you tell us about the upcoming drilling phase at the Falchani lithium project?

AT: Drills are mobilized, and subject to final permits are ready to commence drilling for up to 8,000 meters in and around Falchani and to test the newly discovered lithium-rich anomalies west of the deposit. Falchani will consist of both infill and extension drilling, mainly focused around the Tres Hermanas area for the purpose of reclassifying and upgrading the large, inferred category of the existing mineral resource to an MI category, and expanding existing resources. Exploration drilling will commence on two recently identified target areas 5-6 kilometers west of Falchani which include grab samples of up to 3,272 ppm Li. We will begin the work to update the existing PEA on Falchani, adding cesium and potassium by-products, and to reflect any resource reclassification and resource expansion.

What are American Lithium’s plans for the Macusani uranium project?

SC: Macusani is one of largest undeveloped uranium project in the world. Subject to final permits, our plan is to launch extension and exploration drilling of over 12,000 metres on the near surface exploration targets, following recent field work where 90 grab samples averaged 18,270 ppm (2.15% U3O8). We are also targeting the expansion of current deposits and resources and will test newly discovered radiometric anomalies. The process to update the existing PEA on Macusani will commence during the second half of 2022. The updated PEA will focus on the economic benefits of gravity pre-concentration, which has successfully doubled head grades to 570-623 ppm uranium. There is also potential to significantly increase the throughput and life of mine through the inclusion of additional resources not previously included in the existing PEA (2016).

Can you elaborate on American Lithium’s relationship with surrounding communities?

AT: We are proud of our close relationships with the communities in which we operate. In Nevada, we enjoy broad public support for our project at TLC and received our Plan of Operations December 2021. Additionally, from an ESG perspective, we have conducted baseline surveys with confirm no endangered species or habitat issues, depth to ground water as the deposit sits near surface, no anticipated Native American Traditional Cultural Properties or cultural resource issues There is also an abundance of infrastructure, and the surrounding communities should greatly benefit from the development of this project.

In Peru, social license is critical in order to operate. There are a number of well-established and organized communities in and around the Macusani Plateau, with six of them directly involved in our operations. We have established community enhancement initiatives including healthcare, infrastructure improvement, education, local employment and skill development to name a few.

Furthermore, we have engaged industry leader ONYEN Corporation for our ESG reporting platform. This will enable us to compile the relevant information on the environment, as well as social and governance performance so we can measure it against set international standards and have a report prepared (scorecard) for internal tracking and publishing.

How can American Lithium serve the world’s rising lithium needs moving forward?

SC: There has been a paradigm shift towards battery metals globally and it is our goal to ensure unfettered access to secure long-term supplies of critical minerals, especially lithium. To this end, Falchani is a world class large-scale, high-grade lithium deposit with the potential to supply a large supply of lithium carbonate for decades. Additionally, we believe TLC has similar potential and we are confident in our ability to drive the project through PEA towards feasibility.

What are American Lithium’s main priorities for the coming months?

AT: Our goal is to uplist to a major stock exchange in the US to support our large, registered shareholder base and to expand our institutional registry. We have three active drill programs on all three projects, and our work will involve reclassifying and expanding the existing large resource bases and providing updates to the existing economic studies at Falchani and Macusani and a maiden PEA at TLC.