VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to announce that Mr. Alex Tsakumis has been appointed Chief Executive Officer (“CEO”) effective January 29, 2026. Mr. Tsakumis was the Interim CEO of the Company since September 1, 2024, and a member of the board of directors (the “Board”) since 2021. Mr. Tsakumis is a public markets specialist with over 30 years of experience in the ...

Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (WKN: A40YSN) ("Cruz" or the "Company") is pleased to announce that it has engaged Stantec Consulting Ltd. to complete a Maiden Resource Estimate ("MRE") and Technical Report for the Solar Lithium Project in Clayton Valley, Nevada. The Technical Report will be prepared in accordance with the requirements of National Instrument 43-101. The Stantec qualified person (Derek Loveday, PGeo) has ...

Core Viewpoint - American Lithium Corp. is initiating the spin-out of its Macusani Uranium Project into an independent public company, following the resolution of legal matters, to benefit shareholders [1][2]. Group 1: Spin-Out Process - The spin-out of the Macusani project is now possible as all legal appeals have been exhausted and the mining concessions are fully under the company's control [2][5]. - The spin-out is in the planning stages and will require completion of tax, corporate, and securities structuring work, along with definitive documentation [4]. Group 2: Market Context - The current market conditions, including strong uranium pricing and increasing utility contracting, present an opportune moment for the spin-out, allowing the company to unlock the full value of the Macusani asset [2][3]. - The Macusani project is recognized as one of the largest undeveloped uranium deposits globally, which positions it as a significant asset for the company [3][5]. Group 3: Technical Advancements - In conjunction with the spin-out, the company is advancing technical work at Macusani, including an updated Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA), with results expected in Q1 2026 [3][6]. - Deloitte Mining Technical Advisory and DRA Global Limited have been commissioned to complete the updates, which are well underway [3].

Core Viewpoint - American Lithium Corp. has achieved a significant legal victory regarding its mining concessions in Peru, which enhances the company's operational stability and paves the way for advancing its critical minerals projects [1][2][5]. Legal Developments - The Sixth Permanent Court of Lima issued Resolution No. 24, consolidating the legal security of 32 mining concessions held by Macusani Yellowcake S.A.C., a subsidiary of American Lithium [1][2]. - The court's final judgment restores the validity and ownership of these concessions, following the dismissal of appeals by co-defendants INGEMMET and the Ministry of Energy and Mines [2][4]. Compliance and Enforcement - INGEMMET is mandated to issue a new administrative resolution reflecting the court's judgment within 30 days, with penalties for non-compliance [3]. - The court requires INGEMMET to identify the official responsible for compliance, holding the highest institutional authority accountable for any failure to act [3]. Project Implications - The ruling provides a framework of full legal stability for the Falchani and Macusani projects, essential for current and future investments [4][5]. - With the restoration of concession titles, the company can proceed with technical work, permitting processes, and strategic development across its critical minerals assets [5]. Company Overview - American Lithium is focused on developing two major 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 [6]. - The company has completed preliminary economic assessments for all projects, indicating significant expansion potential and strong community support [6].

Core Points - American Lithium Corp. held its Annual General Meeting of Shareholders in Vancouver, where all nominees for the Board of Directors were elected with significant support [1][2][3] - Shareholders approved the number of directors to be fixed at six, the appointment of Davidson & Company LLP as the auditor, and the re-approval of the Company's omnibus incentive plan [2][3] Voting Results - The voting results for the election of the Board of Directors showed high approval rates, with Andrew Bowering receiving 98.77% of votes for, and Claudia Tornquist receiving 93.26% [1] - The number of directors was approved with 97.72% of votes for, while the appointment of auditors received 97.46% approval [3] Company Overview - American Lithium is developing two major 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]

Core Viewpoint - Cruz Battery Metals Corp. has successfully completed a private placement financing, raising a total of $488,438 to fund work programs on its lithium and gold/copper projects in Nevada and Ontario [1][3]. Financing Details - The company issued 14,982,750 units at a price of $0.0326 per unit, with each unit consisting of one common share and one share purchase warrant [1]. - The financing included cash finder's fees of $26,210 and the issuance of 744,000 non-transferrable share purchase warrants [2]. Use of Proceeds - Net proceeds from the financing will be allocated to work programs on the Solar Lithium Project in Nevada and the Sterling South Gold/Copper Project in Ontario [3]. - The company has discovered lithium in all 14 drill holes during the first four phases of drilling on the Solar Lithium Project [3]. Market Context - Lithium prices are currently at year highs, and there has been renewed interest in domestic lithium projects following recent developments in the sector [4]. - The company aims to produce a Maiden Resource Estimate for the Solar Lithium Project in the first half of 2026 [4]. Project Overview - Cruz Battery Metals has several projects focused on battery metals, including the Solar Lithium Project, Clayton Valley Lithium Brine Project, and the Sterling South Gold/Copper Project [9]. - The Solar Lithium Project spans 4,938 acres, while the Sterling South Gold/Copper Project consists of approximately 2,500 acres [9].

Vancouver, British Columbia--(Newsfile Corp. - October 31, 2025) - American Copper Development Corporation (CSE: ACDX) ("ACDX" or the "Company") announces a leadership transition.Effective immediately, Anthony Paterson has been appointed Chief Executive Officer and Director, with Jeremy Ross and Ali Pickett joining the Board.Mr. Anthony Paterson is an experienced venture builder and corporate strategist with a background in advancing exploration and development-stage companies. As an early strategic contri ...

Core Insights - American Lithium Corp. has highlighted the significant cesium resource within the Falchani Lithium deposit and announced recent optimization results for the processing flowsheet, including potential cesium recovery [1][2][4] Group 1: Cesium Resource and Importance - Cesium is recognized as a critical mineral in the U.S. and Canada due to its rarity and strategic importance, with the U.S. entirely reliant on imports [2] - The Falchani deposit is positioned as one of the world's largest cesium resources, which could enhance North American supply chains [2] Group 2: Processing and Optimization - Test work conducted at ANSTO laboratories in Australia and ongoing equipment testing in Peru are paving the way for the pilot plant phase [3] - The Falchani mineralization supports a straightforward processing flowsheet that produces high-purity lithium carbonate and a saleable mixed cesium sulfate product, with strong recoveries at low additional costs [4][5] - Future work aims to increase the cesium content of the sulfate by-product above 18% [4] Group 3: Resource Estimates - As of October 30, 2023, the Falchani deposit contains significant measured and indicated resources of cesium, with 43,539 tonnes in the measured category and 392,742 tonnes in the indicated category [6][5] - The deposit also includes inferred resources of 393,668 tonnes of cesium [6] Group 4: Economic and Technical Advancements - The company has demonstrated the ability to process Falchani's lithium rocks into battery-grade lithium carbonate, cesium sulfate, and sulfate of potash (SOP), indicating extensive technical progress [5] - Cost improvements include reduced sulfuric acid use and lower reagent demand, which enhance project economics [6]

Group 1: Company Performance - American Lithium Corp. (AMLIF) has outperformed its peers in the Basic Materials sector with a year-to-date performance of approximately 43.2%, compared to the sector average gain of 21.7% [4] - The Zacks Rank for American Lithium Corp. is currently 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past 90 days, the consensus estimate for AMLIF's full-year earnings has increased by 75%, reflecting improved analyst sentiment [3] Group 2: Industry Context - American Lithium Corp. is part of the Mining - Miscellaneous industry, which includes 63 companies and currently ranks 154 in the Zacks Industry Rank [5] - The average gain for the Mining - Miscellaneous industry so far this year is 27.2%, indicating that AMLIF is performing better than the industry average [5] - In contrast, another stock in the Basic Materials sector, Fury Gold Mines Limited, has a year-to-date return of 71% and belongs to the Mining - Gold industry, which has gained 113.8% since the beginning of the year [4][6]

Core Points - American Lithium Corp. has signed a binding Water Reservation Agreement with the Town of Tonopah and Tonopah Public Utilities for its wholly-owned subsidiary, Tonopah Lithium Corp., to secure water resources for the TLC Project in Nye County, Nevada [1][4] - The TLC Project is one of the largest lithium-bearing claystone deposits in North America, with a two-phased development approach planned [3][5] - The agreement includes a commitment of $200,000 to support local infrastructure and educational initiatives in Tonopah [4][6] Water Supply Agreement Details - The agreement reserves 900 to 1,250 gallons per minute (1,450 to 2,000 acre-feet annually) of water for TLC, contingent on hydrology and engineering studies [6] - TLC will conduct studies to confirm sustainable pumping rates and will be responsible for constructing necessary water delivery infrastructure [6] - The initial term of the water reservation is three years, with options for up to seven additional one-year renewals [6] Project Development Phases - Phase 1 of the TLC Project aims for a nominal production of approximately 24,000 tonnes per year of lithium carbonate equivalent (LCE) [6] - Phase 2 plans to expand production to a nominal 48,000 tonnes per year of LCE, positioning TLC among the largest lithium operations in the U.S. [6]