Core Viewpoint - American Salars Lithium Inc. has completed the acquisition of 100% of the issued and outstanding common shares of 1447377 BC Ltd., which owns the Hardrock LCT Pegmatite Property in Brazil, as part of a strategic move to enhance its portfolio in the battery metals sector [1][2]. Acquisition Details - The acquisition was executed under a share purchase agreement dated February 17, 2025, with American Salars issuing 3,500,000 units at a deemed price of $0.07 per unit in exchange for all common shares of 1447377 [2]. - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to purchase an additional share for $0.20 over a three-year period [2]. Property Information - The Hardrock LCT Pegmatite Property includes 10 mineral claims covering an area of 18,083 hectares, located in the Jaguaribe/Solonópole region of Ceará, Northern Brazil [1]. Related-Party Transaction - The acquisition is classified as a related-party transaction since Mr. Nick Horsley, CEO of American Salars, is a director and indirect shareholder of 1447377 BC Ltd. [3]. - The transaction is exempt from certain requirements under Multilateral Instrument 61-101 due to the company's market capitalization and the nature of the transaction [3]. Company Overview - American Salars Lithium is focused on exploring and developing high-value battery metals projects to cater to the growing electric vehicle market [4].