American Lithium Minerals Inc (AMLM)

[Jerry70]

$ AMLM. The financial statements for this reporting period were prepared by (name of individual):
Name: Barbara McIntyre Bauman
Title: Chief Financial Officer
Relationship to Issuer: Chief Financial Officer
AMERICAN LITHIUM MINERALS, INC.
BALANCE SHEETS
(Unaudited)
December 31, September 30,
2020 2020
ASSETS
Current Assets
Cash and cash equivalents $ 30,100 $ —
Total Current Assets 30,100 —
Mining claims 2,829,143 2,819,143
TOTAL ASSETS $ 2,859,243 $ 2,819,143
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
LIABILITIES
Current Liabilities
Accounts payable $ — $ —
Prepaid deposit on mining claim 30,000 —
Total Current Liabilities 30,000 —
Long-Term Liabilities
Due to affiliate - Middle Verde Development Co., LLC 80,052 58,756
Total Long-Term Liabilities 80,052 58,756
Total Liabilities 110,052 58,756
STOCKHOLDERS’ EQUITY (DEFICIT)
Series L Preferred stock, $0.001 par value; 2,000 shares authorized
and 2,000 and 2,000 shares issued and outstanding as of December
31, 2020 and September 30, 2020, respectively 2 2
Common stock, par value $0.001, 74,998,000 shares authorized,
68,717,592 and 68,717,592 shares issued and outstanding at
December 31, 2020 and September 30, 2020, respectively 68,718 68,718
Additional paid-in capital 16,764,788 16,764,788
Accumulated deficit (14,084,317) (14,063,121)
Total Stockholders’ Deficit 2,749,191 2,770,387
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 2,859,243 2,829,14 GO > $ AMLM

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http://www.americanlithium.com/

$ AMLM. Entry into a material definitive agreement

On November 23, 2020, American Lithium Minerals, Inc. (“AMLM”) entered into an Earn-In Agreement with Altair (ATAO)
International Corp. ATAO (“Altair”). under which Altair must make total payments of $75,000 to obtain a 10% undivided interest
in 63 unpatented placer mining claims comprised of approximately 1,260 acres in Nevada, commonly known as the
Stonewall Flat Lithium Project. The $75,000 has been paid by Altair. Altair has the option to increase its ownership
interest by an additional 50% by a total payment of $1,300,648 for exploration and development costs as follows:
$100,648 within year one for an additional 10/%, $600,000 in year two for an additional 20%, and $600,000 in year three
for an additional 20% ownership interest. The foregoing description of the Earn-In Agreement does not purport to be
complete and is qualified in its entirety by reference to the Agreement which is filed as Exhibit A to this Supplemental.

An Earn-In Agreement dated November 23, 2020, Filed Herewith
Dated: January 7, 2021
American Lithium Minerals, Inc
/s/ Barbara McIntyre Bauman
Barbara McIntyre Bauman
President

GO > Barbara McIntyre Bauman
President