Company Profile
American Lithium
American Lithium Corp. (TSX-V: LI) (OTCQX: AMLIF) (FRA: 5LA1) is developing two advanced-stage lithium projects in the Americas, together with one of the world’s largest undeveloped uranium projects. The company’s portfolio comprises the TLC claystone lithium project in Nevada, the Falchani hard-rock lithium project in southeastern Peru, and the Macusani uranium project in Peru. The company trades under the symbols.
American Lithium’s strategy focuses on developing scalable projects in Nevada and Peru, which the company describes as mining-friendly jurisdictions. Its projects provide geographic and geological diversity while supporting the company’s objective of contributing to a secure and sustainable supply of lithium, uranium and other strategic energy metals.
Project Portfolio
TLC Lithium Project — Nevada
The TLC Project is a near-surface lithium claystone deposit located approximately six miles northwest of Tonopah in Nevada’s Big Smoky Valley. The company describes TLC as a “Made in America” lithium project that may be amenable to low-cost and sustainable mining methods. The project is close to paved roads, electricity, water and skilled labour, and is approximately 3.5 hours by road from the Tesla gigafactory.americanlithiumcorp
The company’s February 2025 mineral resource estimate reports 6.17 million tonnes of lithium carbonate equivalent in measured resources, 2.39 million tonnes in indicated resources and 1.44 million tonnes in inferred resources. The resource is located above the water table, and American Lithium states that water rights have been secured for the project. Baseline studies also confirmed that no species or habitat protected under the Endangered Species Act are present within the project area.americanlithiumcorp
The TLC preliminary economic assessment outlines a 40-year mine plan producing approximately 1.46 million tonnes of lithium carbonate equivalent, with average life-of-mine production of approximately 38,000 tonnes per year. The base case estimates an after-tax NPV8 of US$3.26 billion, an after-tax IRR of 27.5 percent, an after-tax payback period of 3.8 years and initial capital expenditure of US$819 million, based on a lithium carbonate price of US$20,000 per tonne.americanlithiumcorp
The company also presents an alternative case that includes magnesium sulfate by-products. Under that scenario, the after-tax NPV8 is estimated at US$5.16 billion, with an after-tax IRR of 36.0 percent and an after-tax payback period of 3.7 years.
Falchani Lithium Project — Peru
Falchani is an advanced-stage hard-rock lithium project located in southeastern Peru. American Lithium describes it as the sixth-largest hard-rock lithium deposit in the world and emphasizes its location in what it considers a geopolitically favourable jurisdiction.
The project’s updated preliminary economic assessment was published in February 2024. The base case outlines a scalable 32-year mine life producing battery-grade lithium carbonate, followed by an additional 11 years of stockpile mining with average production of approximately 44,800 tonnes per year. The company reports an after-tax IRR of 32.0 percent using a lithium carbonate selling price of US$22,500 per tonne and an estimated payback period of three years.
American Lithium states that the Falchani resource estimate is based on approximately 30 percent of the target area, leaving additional exploration potential. Regional targets include Quelcaya, Tres Hermanas and a broader interpreted collapsed-caldera setting. Metallurgical testing has indicated that conventional processing can produce lithium carbonate with purity exceeding 99.5 percent.
Macusani Uranium Project — Peru
Macusani is an advanced-stage uranium project on the Macusani Plateau in southeastern Peru. American Lithium describes the project as one of the world’s largest and lowest-cost undeveloped uranium deposits and as a potential source of strategically supplied energy materials in the Americas.
The preliminary economic assessment mine plan includes approximately 70 million pounds of uranium oxide at a 289-parts-per-million grade and proposes average production of more than six million pounds of uranium oxide per year over a 10-year mine life. The company reports a post-tax payback period of 1.8 years and an IRR of 40.6 percent at a uranium price of US$50 per pound.
Macusani includes five near-surface deposits in the preliminary economic assessment mine plan and has more than 47 additional exploration targets around the existing defined deposits. American Lithium is also evaluating tank-leach and pre-concentration options that could potentially improve recoveries, shorten leach cycles and reduce processing requirements.
Management
Alex Tsakumis – Chief Executive Officer and Director
Mr. Tsakumis brings more than 30 years of capital-markets and mining experience with companies listed on major global stock exchanges. His experience includes exploration, mine development and production, corporate governance, finance, mergers and acquisitions, and corporate communications. He was formerly Vice President of Investor Relations for Prime Mining Corp., Belcarra Group, Alio Gold/Timmins Gold and Orko Silver.
Dr. Laurence Stefan – President, Chief Operating Officer and Director
Dr. Stefan has more than 30 years of experience in mining exploration, development, mining, processing and marketing. He has served as managing director in Peru since 2007, founded Plateau Energy Metals and led the discovery team for the Falchani lithium project. His previous experience includes work with Gold Fields of South Africa and JCI Pty. Ltd., and he has worked on more than 100 projects across six continents.
Gregory Barbier – Chief Financial Officer
Mr. Barbier has more than 15 years of experience in financial reporting, budgeting, financial planning and cost analysis across multiple industries and countries. Before joining American Lithium as Controller in October 2024, he held Vice President Finance positions with two publicly listed Canadian mining companies. He holds graduate degrees in business administration and audit and finance and is a Chartered Financial Analyst charterholder.
Ted O’Connor – Executive Vice President
Mr. O’Connor is a professional geoscientist with more than 30 years of exploration-industry experience. He was involved with Plateau Energy Metals from shortly after its inception until its acquisition by American Lithium. Previously, as Director of Corporate Development at Cameco, he evaluated and directed uranium exploration projects worldwide. He was also part of the discovery team for the Falchani project.
Ulises Raul Solis Llapa – General Manager, Peru Operations
Mr. Llapa is an accomplished mining lawyer and an original member of the Plateau Energy team. His previous experience includes work with Ocona Power Corporation, Teck Corporation, Andean American and Invicta Gold. He joined the Colibri Group of Companies as legal representative and General Manager in 2001 and later worked with Macusani Yellowcake Inc., which evolved into Plateau Energy Metals.
Angel Lino – US Operations
Ms. Lino has 22 years of mining-industry experience supporting complex operations across multiple organizations and technical environments. Her previous roles include positions with Barrick Gold Strike, SRK Consulting, NOV and Halliburton. Her experience includes operational coordination, process improvement, compliance and cross-functional support in regulated mining and energy environments.
Emily Ketchen – Corporate Secretary
Ms. Ketchen has more than nine years of capital-markets experience and serves in a senior leadership role at The Bowering Investment Group. Her responsibilities include corporate governance, shareholder engagement, corporate uplistings, financings, securities compliance, regulatory matters and public-company administration.
Augusto Cauti – Strategic Advisor, Peru
Mr. Cauti served as Deputy Minister of Mines of Peru from 2019 to 2020. He was previously Executive Director of the Australia–Peru Chamber of Commerce and General Counsel for Pan American Silver Peru. A lawyer by profession, he provides strategic business-relations, market-access and business-development advice in the Andean markets.
Board of Directors
Andrew Bowering – Executive Chairman
Mr. Bowering is a venture capitalist with more than 30 years of experience in mineral exploration and development across the Americas. He co-founded Millennial Lithium Corp., which was acquired by Lithium Americas Corp. for C$491 million, and served as an Executive Advisor and Director of Prime Mining Corp., which was acquired by Torex Gold for approximately C$449 million. He has founded, funded and managed numerous mineral companies and has raised hundreds of millions of dollars through equity financings.
- A. (Ben) Binninger – Lead Independent Director
Mr. Binninger is a chemical engineer with more than 40 years of senior-management, operating and board experience in mining, chemicals, energy, materials, environmental services and advanced technologies. His background includes direct experience with lithium and related minerals, as well as the creation of process and services companies for global industrial leaders. He holds an MBA from Harvard Business School and a Bachelor of Chemical Engineering from Manhattan University.
Alex Tsakumis – Chief Executive Officer and Director
Mr. Tsakumis has more than 30 years of capital-markets and mining experience, including work spanning exploration, mine development and production. His areas of expertise include corporate governance, finance, mergers and acquisitions, corporate communications and investor relations.
Dr. Laurence Stefan – President, Chief Operating Officer and Director
Dr. Stefan has more than 30 years of experience across mining exploration, development, processing and marketing. He founded Plateau Energy Metals and led the discovery team for Falchani. His career includes work on more than 100 projects across six continents.
Claudia Tornquist – Independent Director
Ms. Tornquist has extensive mining-industry experience and currently serves as President, CEO and director of Kodiak Copper Corp. She previously held senior business-development roles at Sandstorm Gold and Rio Tinto, where she worked in strategy, business evaluation, mergers and acquisitions and business development. Her experience includes assessing large-scale mineral-development projects, including lithium projects.
Rona Sellers – Independent Director
Ms. Sellers is a governance professional with more than 14 years of experience in corporate and securities law. She has served as Vice President Commercial and Compliance and Corporate Secretary for Apollo Silver Corp., Vice President Compliance and Corporate Secretary for NordX Metals Corp., and in corporate-secretary roles with publicly traded companies in Canada and the United States.
Amandip Singh – Independent Director
Mr. Singh has more than 15 years of experience in mineral exploration, project evaluation, corporate development and investment analysis. His career combines technical mining expertise with capital-markets experience across the project lifecycle, from discovery through feasibility, financing and development. He currently serves as Vice President, Corporate Development of West Point Gold.
Share Structure
255.66M Shares Outstanding
13.22M Options Outstanding
34.4M Warrants Outstanding
4.44M RSU, PSU and DSU’s
307.72M Shares Fully Diluted
$6.6M Cash Balance
Contact Information
American Lithium Corp.
Suite 710–1030 W Georgia Street
Vancouver, BC V6E 2Y3
604-428-6128
Posted August 5, 2026
