Mr. Alex Tsakumis reports

AMERICAN LITHIUM CORP. ANNOUNCES INTENTION TO ADVANCE SPIN-OUT OF MACUSANI URANIUM

Following the final resolution of all legal matters relating to the Macusani uranium project in Peru, as announced on Dec. 3, 2025, American Lithium Corp. is initiating the process to spin out Macusani into an independent public company for the benefit of all shareholders.

With the company's Peruvian mining concessions completely under the company's control, all appeals exhausted and increasing support in the resource sector, American Lithium is positioned to proceed with the Macusani spinout. Continued strength in uranium pricing, increasing utility contracting and growing global emphasis on long-term nuclear fuel security make this an opportune moment to unlock the full value of this large stand-alone uranium asset.

"Recognized as one of the largest undeveloped uranium deposits in the world, Macusani is a prospective company maker," stated Alex Tsakumis, interim chief executive officer. "By transitioning the project into a stand-alone uranium company, we believe this will provide our shareholders with exceptional leverage to the emerging uranium bull market."

In parallel with progressing the spinout, American Lithium is advancing technical work at Macusani, including a new updated mineral resource estimate and a preliminary economic assessment. Deloitte Mining Technical Advisory and DRA Global Ltd. have been commissioned to complete these updates, which are well under way with data secured, core analysis finished and site visits complete. The revised MRE and PEA are moving toward completion, with results expected in first quarter 2026.

Readers are cautioned that the spinout remains in the planning stages, and is subject to completion of tax, corporate and securities structuring work, and the ultimate execution of definitive documentation. The exact structure, terms and conditions of the spinout will be announced in due course. Completion of the spinout will be subject to conditions, which may include shareholder and regulatory approvals, and there is no assurance that the spinout will be completed.

About the Macusani uranium project

Macusani hosts the largest undeveloped uranium project in Latin America. The project has been advanced through extensive exploration, engineering and economic studies, and benefits from strong community relationships, and has a fully confirmed concession footprint following the official legal resolutions announced in December, 2025.

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 project 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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