American Lithium Corp (AMLI)

[chico237]

American Lithium Looks to “Spin Out” Uranium Assets to Independent Public Company
https://americanlithiumcorp.com/american-lithium-looks-to-spin-out-uranium-assets-to-independent-public-company/
American Lithium Looks to “Spin Out” Uranium Assets to Independent Public
Company
VANCOUVER, BRITISH COLUMBIA, December 7, 2022 – American Lithium Corp. (“American Lithium” or
the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce that after a review by
the Company, along with its advisors, it has made the decision to pursue a “spin-out” of its Macusani
Uranium Project (the “Macusani Project”) into an independent public company (the “Transaction”).
The Company views a spin-out of the Macusani Project into a stand-alone vehicle as the preferred route
to generate value for American Lithium and its shareholders from the continued development of this
large-scale uranium project.
The re-structuring of the Macusani Project’s ownership is well advanced, and the Company anticipates
being in a position to finalize the terms of the Transaction in early 2023.
American Lithium believes that its current share price does not fully recognize the value of the Macusani
Project and that by structuring an appropriate “spin-out” into an independent, uranium focused vehicle,
the Company and its shareholders will benefit from unlocking the value of this project. Additionally, this
will allow American Lithium to concentrate its efforts on advancing its two premier lithium projects, TLC
in Nevada and Falchani in Peru.
Nuclear energy is experiencing a robust renaissance because it clearly stands out as the planet’s cleanest,
most cost-effective and reliable form of 24/7 dispatchable energy. Accordingly, the world’s premier
uranium deposits are attracting more and more global interest.
Highlights of the Macusani Project

• Large NI 43-101 mineral resource
• NI 43-101 preliminary economic assessment in 2016 with the following highlights:
o NPV8: US $603M, IRR 40.6% and 1.8 years payback at US $50/lb U3O8
o Large Scale. Avg. production ~6Mlbs U3O8 / yr over a 10-year mine life
o PEA Mine Plan Resource: ~68.8Mlbs U3O8 at 289ppm (circa 55% of existing resource)
o Low Cost: US$17/lb Life of Mine cash cost and ~US$18/lb AISC
o Low CapEx: ~US $300M initial capital

MACUSANI URANIUM PROJECT, PERU
https://americanlithiumcorp.com/macusani-uranium-project/


Form Your own Opinions & Conclusion's above:
American Lithium management has stated their intentions of Spinning Out the Mancusani Uranium Project into its own entity! While holding onto both Falchani & TLC Lithium projects. Recent NASDAQ listing & upcoming PEA's & F.S. (Undervalued IMHO...)

Chico