VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1)(“American Lithium” or the “Firm”) has been requested by OTC Markets Group Inc. (“OTC Markets”) to touch upon current promotional exercise regarding its frequent shares traded on the OTCQB.

On January 12, 2021, OTC Markets despatched the Firm copies of articles by Promethean Advertising, Inc. (“Promethean”) and World Revenue Techniques, LLC (“World”).   Promethean is a third-party advertising and promoting agency which was retained by the Firm to offer content material distribution and promoting companies. Whereas the Firm did have interaction Promethean, it doesn’t have any relationship with World. The Firm was not concerned within the preparation of the articles revealed by Promethean or World, nor did it have editorial management over the content material of the articles, and solely grew to become conscious of the articles on January 12, 2021, following notification by OTC Markets.

The Firm doesn’t imagine the statements referencing it within the articles had been false or deceptive. The Firm has been suggested by OTC Markets that OTC Markets takes the place that points of the statements had been overly promotional. The Firm needs to warning readers that these statements are speculative in nature. For extra full and particular info concerning the Firm, its prospects and the dangers related to these prospects, readers ought to seek the advice of the Firm’s web site and different dependable sources.

The Firm doesn’t imagine the promotional actions had been an element within the current improve in buying and selling quantity within the Firm’s frequent shares on the OTCQB which occurred on January 12, 2021. As an alternative, the Firm attributes the rise to heightened curiosity in development-stage lithium initiatives primarily pushed by anticipated demand from the electrical automobile market.

After an inquiry of administration, not one of the Firm’s officers, administrators, controlling shareholders or third-party service suppliers have offered or bought securities of the Firm previously ninety days.   Within the final twelve months, apart from Promethean, the Firm has not engaged any events to offer investor relations, public relations companies, advertising or different associated companies. The Firm has not issued any convertible devices or securities permitting conversion to fairness securities at costs constituting a reduction to the present market value on the time of issuance.

About American Lithium Corp.

American Lithium is actively engaged within the acquisition, exploration and growth lithium deposits inside mining-friendly jurisdictions all through the Americas. The Firm is presently exploring and creating the TLC lithium mission positioned within the extremely potential Esmeralda lithium district in Nevada. TLC is near infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the identical basinal atmosphere as Albemarle’s Silver Peak lithium mine, and a number of other advancing deposits and assets, together with Ioneer Ltd.’s (previously World Geoscience) Rhyolite Ridge and Cypress Growth Corp.’s Clayton Valley Mission.

For extra info, please contact the Firm at info@americanlithiumcorp.com or go to our web site at www.americanlithiumcorp.com.

On behalf of the Board,

American Lithium Corp.
Michael Kobler, Chief Government Officer

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Ahead-looking statements

Statements on this launch which might be forward-looking info are topic to numerous dangers and uncertainties regarding the particular components disclosed right here. Info supplied on this launch is essentially summarized and should not include all out there materials info. All such forward-looking info and statements are based mostly on sure assumptions and analyses made by American Lithium administration in gentle of their expertise and notion of historic traits, present situations and anticipated future developments, in addition to different components administration believes are applicable within the circumstances. These statements, nonetheless, are topic to a wide range of dangers and uncertainties and different components that might trigger precise occasions or outcomes to vary materially from these projected within the forward-looking info or statements. Necessary components that might trigger precise outcomes to vary from these forward-looking statements embody these described below the heading “Dangers Elements” in American Lithium’s most not too long ago filed MD&A. The Firm doesn’t intend, and expressly disclaims any obligation to, replace or revise the forward-looking info contained on this information launch, besides as required by regulation. Readers are cautioned to not place undue reliance on forward-looking info or statements.