American Lithium Announces CEO Appointment

Core Viewpoint - American Lithium Corp. has appointed Mr. Alex Tsakumis as Chief Executive Officer effective January 29, 2026, following his role as Interim CEO since September 1, 2024, and his board membership since 2021 [1][2]. Group 1: Leadership and Management - Mr. Tsakumis brings over 30 years of experience in the mineral resource industry, specializing in public markets, corporate governance, communications, finance, and mergers and acquisitions [2]. - Under Mr. Tsakumis' leadership as Interim CEO, the company achieved significant milestones, including completing an oversubscribed financing, enhancing corporate governance, and optimizing operational costs [3]. Group 2: Corporate Actions - The company's Board approved the cancellation of 1,835,800 stock options previously granted under the Omnibus Incentive Plan, with exercise prices of $3.63 and $4.85 per common share, set to expire on February 16, 2027, and February 2, 2028, respectively [4]. Group 3: Project Development - American Lithium is developing two major lithium projects: the TLC claystone lithium project in Nevada and the Falchani hard-rock lithium project in southern Peru, which also includes a significant cesium resource, alongside the Macusani uranium project [5]. - All three projects have undergone robust preliminary economic assessments and show considerable potential for expansion, supported by strong community backing [5].