AMERICAN SALARS ENGAGES EXPLORATION TEAM FOR PHASE 1 PROGRAM ON ITS 100% OWNED LAC SIMARD NORD PROPERTY WITHIN SAYONA MINING'S TANSIM LITHIUM PROJECT, QUEBEC

Core Viewpoint - American Salars Lithium Inc. is advancing its Phase 1 exploration program at the Lac Simard Lithium Project in Quebec, Canada, focusing on high-potential lithium targets adjacent to Sayona Mining's Tansim Project, which has significant lithium resources [1][2][4]. Company Developments - The company has engaged an exploration team to conduct reconnaissance, mapping, and sampling at the Lac Simard Nord block, which is directly adjacent to Sayona's lithium showings [1][2]. - The Phase 1 program aims to identify and sample potential Pegmatite outcrops and high-priority targets for future exploration phases [4]. - American Salars' CEO highlighted the ongoing mergers and acquisitions activity in the lithium sector, indicating a strong market interest [4]. Industry Context - Sayona Mining and Piedmont Limited have announced a merger valued at USD $623 million (CAD $870 million), creating a significant player in the lithium market [2]. - Sayona's Abitibi Hub, which includes the North American Lithium Mine, has an aggregate measured and indicated resource of 111 million tonnes grading 1.14% lithium, representing the largest lithium resource in Quebec [7]. - The region is noted for its lower-cost exploration potential compared to other areas, supported by existing infrastructure such as a lithium concentrator and planned conversion plants [7].