American Lithium Minerals Company (Over-the-counter: AMLM) (“AMLM” or the “Company”), an exploration stage mining company focused on gold, silver, lithium, rare earth elements and other important minerals, is pleased to announce that it has entered into an agreement Letter of Intent (“Letter of Intent”) with 1539914 BC. Ltd. (“Buyer”), pursuant to which the Buyer proposes to acquire AMR Piscau-North Polymetallic Project is 100% owned. In Quebec through A Reverse takeover (“RTO”)accompanied by a simultaneous financing and a planned listing on the Canadian Stock Exchange. The letter of intent sets out the framework for the transaction that would rebrand the buyer Canadian Mineral Resources Ltd. Or any other name specified by the company When closing.
Under the letter of intent, the buyer will receive the AMLM 100% owned by the Piscau-North Polymetallic Project In Quebec, it includes 539 claims totaling approximately 17,000 hectares. In consideration, you will receive AMLM 20,000,000 shares From the buyer in A The considered price is $0.30 per share It represents a significant value 6 million dollars.
The deal includes a Concurrent financingconsisting of 5,000,000 units of Purchaser (“Units”) at $0.30 per unit for gross proceeds of $1,500,000 (the “HD Offering”) and 10,000,000 flow-through common shares at $0.40 per share for gross proceeds of $4,000,000 (the “FT Offering”). Each unit within the HD Offer will consist of one common share of the purchaser and one-half of one share purchase warrant, with each share purchase warrant exercisable at a price of $0.45 per share. The proceeds from the FT Offering will be used to cover Canadian exploration expenses, and the proceeds from the HD Offer will be used for exploration, general and administrative purposes and working capital.
This transaction is part of AMLM’s multi-jurisdictional asset development strategy. The company has 10 active projects across seven jurisdictions, deliberately structured across three production horizons, with near-term alluvial production in British Columbia, Western Australia, Tanzania and Yukon; Mid-term exploration in Chile and Quebec; and long-term critical mineral sites in Nevada and Quebec. The intended Canadian listing provides Piscau-North with dedicated capital and market structure while AMLM retains majority ownership and exposure through its equity position in the resulting issuer.
“The Piscau-North project is a high-quality exploration asset, and this proposed transaction provides a potential path to unlocking its value in a dedicated Canadian exploration vehicle. The contemplated structure – including a reverse takeover, concurrent financing and Canadian listing – could give the project the capital, technical oversight and market visibility needed for the next phase of development. This transaction is the first implementation step in a deliberate capital strategy. By transforming Piscau-North into a dedicated Canadian listed vehicle while retaining majority economic interests, we will For American Lithium Minerals, “we expect to use a similar disciplined approach across the rest of the portfolio depending on conditions.”
The letter of intent includes a 60-day exclusivity period Binding provisions covering confidentiality, expenses and transaction cost responsibilities. The transaction is subject to stock exchange approval and customary conditions that will be specified in the final agreement.
About American Lithium Minerals, Inc.
American Lithium Minerals, Inc. (OTC: AMLM) is a multi-commodity critical mineral exploration company headquartered in Carson City, Nevada. The Company has active legitimate interests in gold, silver, copper, lithium and rare earth elements throughout Nevada (USA), Chile, British Columbia, Yukon, Quebec (Canada) and Western Australia. AMLM’s portfolio includes 10 active projects, including the Higginsville gold project in Western Australia, silver and copper exploration in Chile, rare earth interests in Quebec, and lithium properties in Nevada. The Company operates as a pre-revenue exploration stage entity under SEC reporting requirements and is eligible for retail investor participation through a Regulation A+ offering. For additional information, visit www.americanmineralresources.comThe company’s investor relations website.
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact contained in this press release may constitute forward-looking statements and do not constitute guarantees of future performance or results. Such statements involve a number of risks and uncertainties, including, but not limited to, statements regarding the Company’s strategic initiatives, project development plans, expected exposure to commodities, expected market conditions, the strength of overall tailwinds across critical metals sectors, and the Company’s ability to develop a multi-commodity portfolio.
Actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including but not limited to: the Company’s ability to successfully develop and finance its exploration projects; Mineral resource availability and pricing; competitive pressures within the mining industry; commodity price volatility; regulatory developments affecting the mining sector and critical minerals policy in the United States; The company’s ability to implement its business plan; risks inherent in exploration-stage mineral companies, including the significant possibility that exploration activities may not result in commercially viable mineral discoveries; and other risks detailed from time to time in the Company’s reports submitted to the Over-the-Counter Markets Disclosure and News Service.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact the investor
American Lithium Minerals Company
1007 South Street
Carson City, Nevada 89701
Phone: (775) 587-6137
Email: (email protected)
Website: www.americanmineralresources.com
Tenth: Twitter: @AMR_ResourcesAu
LinkedIn: LinkedIn.com/company/american-mineral-resources
