American Lithium’s Full Title to 32 Disputed Claims in Peru Re-confirmed – Supreme Court Rules Against Plaintiffs Petition Marking the End of Legal Action

Core Viewpoint - The Peruvian Judiciary has ruled in favor of American Lithium Corp.'s subsidiary, Macusani Yellowcake S.A.C., rejecting petitions regarding the title ownership of 32 disputed concessions, allowing the company to advance its projects without legal uncertainty [1][2][3]. Group 1: Legal Developments - The Supreme Court of Peru unanimously rejected the petitions filed by INGEMMET and MINEM, deeming them unfair and inadmissible, thus concluding a seven-year legal process [2]. - The company consistently maintained that there were no grounds for the Supreme Court to assume jurisdiction over the case [2]. Group 2: Company Statements - Andrew Bowering, Executive Chairman of American Lithium, expressed satisfaction with the court's decision, emphasizing that the company never lost title to the disputed concessions and can now focus on advancing its projects [3]. Group 3: Company Overview - American Lithium is developing two of the world's largest advanced-stage lithium projects and the largest undeveloped uranium project in Latin America, including the TLC claystone lithium project in Nevada and the Falchani hard rock lithium project in Peru [4]. - All three projects have undergone robust preliminary economic assessments, showing significant expansion potential and strong community support [4].