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Tuesday, 02/23/2021 2:04:42 PM

Tuesday, February 23, 2021 2:04:42 PM

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American Lithium Corp. (OTCQB:LIACF) (TSXV:LI) and Plateau Energy Metals Inc. (TSXV:PLU | OCTQB:PLUUF) recently announced that they have entered into a definitive arrangement agreement to consolidate two significant and strategic undeveloped lithium assets in the Americas at a time of rapidly growing lithium demand in the context of increasing focus on electric vehicles, energy storage and renewable energy generation. It is expected that Plateau shareholders will hold approximately 21% of American Lithium's shares on an outstanding undiluted basis upon completion of the Transaction.
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