American Lithium to spin out Macusani project

Executive Summary

• American Lithium Corp. has announced its intention to spin out its Macusani uranium project in Peru into an independent public company, following the final resolution of all legal matters related to the asset.
• The company cites the complete control of Peruvian mining concessions, exhausted appeals, and favorable uranium market conditions as key drivers for unlocking shareholder value through this separation.
• Concurrent with the spin-out planning, American Lithium is advancing technical work at Macusani, including a new mineral resource estimate (MRE) and preliminary economic assessment (PEA) expected in Q1 2026.

Key Details

• Spin-out Intent: American Lithium is initiating the process to spin out Macusani into a stand-alone public company to provide shareholders with leverage to the uranium bull market.
• Legal Status: The spin-out follows the final resolution of all legal matters relating to the Macusani project, announced on Dec. 3, 2025. The company now has complete control of Peruvian mining concessions and all appeals are exhausted.
• Market Rationale: The company highlights continued strength in uranium pricing, increasing utility contracting, and global emphasis on nuclear fuel security as opportune conditions for the spin-out.
• Technical Updates:
  • Deloitte Mining Technical Advisory and DRA Global Ltd. have been commissioned to update the mineral resource estimate and conduct a preliminary economic assessment (PEA).
  • Data is secured, core analysis is finished, and site visits are complete.
  • Results for the revised MRE and PEA are expected in the first quarter of 2026.
• Macusani Project Profile: Described as the largest undeveloped uranium project in Latin America and one of the largest undeveloped uranium deposits in the world.
• Conditions Precedent: The spin-out is subject to tax, corporate, and securities structuring, definitive documentation, shareholder approvals, and regulatory approvals. No assurance is provided that the spin-out will be completed.

Notable Quotes

• "Recognized as one of the largest undeveloped uranium deposits in the world, Macusani is a prospective company maker. 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." — Alex Tsakumis, Interim Chief Executive Officer