Mr. Alex Tsakumis reports

PERUVIAN SUPREME COURT MANDATES FULL COMPANY OWNERSHIP OF DISPUTED CLAIMS

American Lithium Corp.'s Peruvian subsidiary, Macusani Yellowcake SAC, has been notified of Resolution No. 24 issued by the Sixth Permanent Court of Lima, which definitively consolidates the legal security of the 32 mining concessions subject to the judicial process.

The court has ordered the enforcement of the final judgment after the higher court declared inadmissible the cassation appeals filed by the co-defendants, Ingemmet and the Ministry of Energy and Mines. The final ruling restores the validity and ownership of the 32 mining concessions in favour of Macusani Yellowcake. This constitutes a key milestone for the Falchani and Macusani projects.

The court requires Ingemmet to issue, within a maximum period of 30 days, a new administrative resolution fully reflecting the judgment, under penalty of fines in case of non-compliance, and to correctly register the concessions in Sunarp. Likewise, the court orders Ingemmet to identify the responsible official (full name/address/office) charged with complying with the mandate. Failure to do so will result in the highest institutional authority being deemed responsible under functional liability.

The process is in the judgment enforcement stage, with all possible appeals exhausted. This grants the project a framework of full legal stability, essential for the development and continuity of present and future investments related to the project.

Alex Tsakumis, interim chief executive officer of American Lithium, commented: "This Supreme Court order provides the final legal clarity we have been seeking. The court has not only reaffirmed Macusani's position, but has also ordered immediate administrative compliance, giving us a clear runway to advance two of the most strategically important critical minerals projects in the Americas."

This ruling is a major derisking event for American Lithium, securing the company's concession rights at the highest judicial level in Peru and eliminating remaining sources of potential delay. With full restoration of the titles mandated, the company can move forward with Falchani, its large-scale lithium and cesium critical mineral project, and with Macusani, one of the world's largest undeveloped uranium deposits, with enhanced legal security. With this confirmation, the company is positioned to continue technical work, permitting processes and strategic development across all its critical mineral assets.

About American Lithium Corp.

American Lithium is developing two of the world's largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada and the Falchani hardrock lithium project in southern Peru, which also hosts a globally significant cesium resource, as well as the Macusani uranium located in the same region. All three projects have completed robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.

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