American Lithium Corp. (TSX-V:LI, Nasdaq:AMLI, Frankfurt:5LA1) announces significant management changes. Simon Clarke has resigned as CEO and Director, effective September 1, 2024, to pursue other interests. Clarke will continue in an advisory capacity. Alex Tsakumis will step in as Interim CEO.

American Lithium Applies for Nasdaq Extension

The company is also seeking an additional 180-day extension from Nasdaq to meet the Minimum Bid Price Rule of $1.00 per share under Nasdaq’s Listing Rule 5550(a)(2). This extension will not immediately affect the listing or trading of American Lithium’s common shares on Nasdaq. The shares will remain listed on the TSX Venture Exchange, pending Nasdaq’s approval.

About American Lithium

American Lithium continues to focus on developing large-scale lithium projects in mining-friendly areas across the Americas. Their primary project is the TLC lithium project in the Esmeralda district, Nevada. Additionally, the company is advancing its Falchani lithium and Macusani uranium projects in Peru. These projects have undergone thorough economic assessments and show strong potential and community support.

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