American Lithium Corp. announced results from 14 step out drill holes expanding the measured resource footprint at the Tonopah Lithium Project (TLC), located near the town of Tonopah, in Nevada. A total of 26 diamond core holes and 16 Reverse Circulation (RC) holes drilled in 2022 and 2023 will be added to the updated mineral resource block model and incorporated into an updated Mineral Resource Estimate (MRE) on TLC.

The Company also announced it has commenced early work which will be used to support mine permitting applications following the completion of the pre-feasibility and associated study in H2, 2024. It has appointed SRK Consulting (U.S.) Inc. of Elko, Nevada to coordinate the preparation of a mine plan of Operations with the BLM. Additionally, the Company has selected Nexus Environmental Consultants Inc. of Reno, Nevada to perform biological baseline studies in support of the Mine Plan of Operations application.

TLC Drilling Highlights: Post-resource drilling demonstrates continued expansion of TLC lithium deposit and continuity with significant intervals of claystone Lithium (?Li?) mineralization >1,000 ppm Li at shallow depths; Extension of measured resource footprint in all directions; 73.1 metres (?m?) averaging 1,148 ppm Li in TLC-2222C between 17.1-90.2 m downhole with up to 1,843 ppm Li over 1.5 m; 81.4 m averaging 1,135 ppm Li in TLC-2321C between 27.1-108.5 m downhole with up to 2,127 ppm Li over 1.5 m; 80.8 m averaging 1,090 ppm Li in TLC-2242 between 3.0-83.8 m downhole with up to 2,008 ppm Li over 1.5 m; Identification of additional shallow, high-grade lithium mineralization to the northeast should grow the MRE and positively impact project economics; Drill results will further refine the pre-feasibility study mine plan; and Data from all additional 42 drill holes has been sent to Stantec Consulting Inc. and will be incorporated into an updated MRE for the TLC Project.