Peruvian Superior Court Unanimously Confirms Title of American Lithium’s 32 Disputed Mineral Concessions

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Algemeen advies 17/11/2023 06:55
VANCOUVER, BRITISH COLUMBIA, November 15, 2023 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) is pleased to announce that a three judge tribunal of Peru’s Superior Court SALA 4 specialized in administration disputes has unanimously upheld the ruling of the lower court judge from Court SALA 6 announced on November 2, 2021 in favour of the Company’s subsidiary, Macusani Yellowcake (“Macusani”) in relation to title over 32 disputed concessions out of 172 owned by Macusani.

The Court ruling, consistent with prior legal proceedings, clearly establishes that Macusani is the rightful owner of these concessions. Furthermore, it highlights that the action launched by INGEMMET and MINEM in October 2018 was baseless and unsubstantiated.

Simon Clarke, CEO of American Lithium states, “We are extremely pleased with this ruling as it validates the Company’s contention that the actions of INGEMMET and MINEM were inappropriate from the start of this process. It is very encouraging to see that the Peruvian Judicial System continues to support the facts of this case and has found against INGEMMET and MINEM for the actions they have taken. The Company has never lost title over the disputed concessions, which only represent a small fraction of our leases. For this reason, we have continued to advance the Falchani project and look forward to the announcement of additional progress shortly.”

American Lithium Reports Voting Results At Its Annual General and Special Meeting of Shareholders
VANCOUVER, BRITISH COLUMBIA, November 15, 2023 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) is pleased to report the voting results for the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held today in Vancouver, British Columbia.

Detailed voting results of the election of the Company’s board of directors (the “Board of Directors”) are set out below:

Nominee Votes For % For Votes Withheld % Withheld
Andrew Bowering 19,518,784 90% 2,193,649 10%
Simon Clarke 20,863,120 96% 850,313 4%
Laurence Stefan 18,886,928 87% 2,826,505 13%
Ben Binninger 19,684,228 91% 2,029,205 9%
Alex Tsakumis 17,434,224 80% 4,279,209 20%
Claudia Tornquist 19,603,692 90% 2,109,741 10%
Carsten Korch 18,963,090 87% 2,750,343 13%

All nominees, as set forth in the Company’s Management Information Circular dated October 16, 2023 (the “Circular”), were elected as directors of American Lithium at the Meeting.

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