American Lithium Corp. announced that it has arranged a strategic investment for Surge Battery Metals Inc. (“Surge”) to be completed by way of non-brokered private placement (the “Private Placement”) of up to 17,900,000 units (the “Units”) of Surge at a price of $0.40 per Unit. Each Unit will consist of one common share and one share purchase warrant exercisable for a period of three years at a price of $0.55 per share.

The proceeds of the Private Placement will be utilized by Surge for advancement and development of the Nevada North Lithium Project and for general working capital purposes. In conjunction with closing American Lithium Corp's portion of the Private Placement, Ted O'Connor, Executive VP of American Lithium, will be appointed to the Board of Directors of the Company.