SEDAR Interim Financial Statements
[ { "companyName": "American Lithium Corp.", "reportingPeriodEnd": "2025-11-30", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "assets": { "currentAssets": { "cashAndCashEquivalents": 4338938, "marketableSecurities": 3886290, "shortTermInvestment": 2422720, "amountsReceivable": 90185, "prepaidExpensesAndDeposits": 870450, "totalCurrentAssets": 11608583 }, "nonCurrentAssets": { "investmentInSurgeBatteryMetalsInc": 0, "reclamationDeposits": 710934, "propertyAndEquipment": 880113, "rightOfUseAssets": 34662, "explorationAndEvaluationAssets": 150955339, "totalNonCurrentAssets": 152581048 }, "totalAssets": 164189631 }, "liabilities": { "currentLiabilities": { "accountsPayableAndAccruedLiabilities": 1276300, "currentPortionOfDeferredGainOnShortTermInvestment": 421143, "currentPortionOfLeaseLiabilities": 45308, "totalCurrentLiabilities": 1742751 }, "nonCurrentLiabilities": { "deferredGainOnShortTermInvestment": 0, "leaseLiabilities": 0, "totalNonCurrentLiabilities": 0 }, "totalLiabilities": 1742751 }, "equity": { "shareCapital": 294873473, "equityReserves": 51377622, "deficit": -184915560, "accumulatedOtherComprehensiveIncome": 1111345, "totalEquity": 162446880 }, "derivedMetrics": { "cashPerShare": 0.0185, "workingCapitalPerShare": 0.0422 } }, "incomeStatement": { "threeMonthsEndedNov302025": { "conferencesAndTradeshows": 28508, "consultingAndEmploymentCosts": 150670, "depreciation": 74594, "explorationAndEvaluationExpenditures": 1456778, "foreignExchangeGainLoss": 21250, "generalAndAdministrative": 71866, "insurance": 164373, "interestLeaseObligations": 1587, "managementAndDirectorsFees": 304499, "marketingAndShareholdersCommunication": 154649, "professionalFees": 41541, "regulatoryAndTransferAgentFees": 19828, "shareBasedCompensation": 2146521, "travel": 12021, "totalOperatingExpenses": 4648685, "advisoryFeeIncome": 0, "deferredGainRecognition": 210571, "interestAndMiscellaneousIncome": 38461, "gainOnInitialRecognitionOfMarketableSecurities": 0, "realizedGainOnSaleOfMarketableSecurities": 116909, "changeInFairValueOfMarketableSecurities": 2213165, "gainLossOnShortTermInvestment": 2267280, "shareOfLossFromEquityInvestmentInSurgeBatteryMetalsInc": 0, "dilutionLossOnInvestmentInSurgeBatteryMetalsInc": 0, "netIncomeLossForThePeriod": 197701, "otherComprehensiveIncomeLoss": 101576, "comprehensiveIncomeLossForThePeriod": 299277, "earningsLossPerShareBasic": 0.00, "earningsLossPerShareDiluted": 0.00, "weightedAverageNumberOfCommonSharesOutstandingBasic": 255254646, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 270811533 }, "threeMonthsEndedNov302024": { "conferencesAndTradeshows": 33028, "consultingAndEmploymentCosts": 219209, "depreciation": 87283, "explorationAndEvaluationExpenditures": 988188, "foreignExchangeGainLoss": -37345, "generalAndAdministrative": 76977, "insurance": 359068, "interestLeaseObligations": 2841, "managementAndDirectorsFees": 337750, "marketingAndShareholdersCommunication": 146111, "professionalFees": 98497, "regulatoryAndTransferAgentFees": 57103, "shareBasedCompensation": 1832444, "travel": 3524, "totalOperatingExpenses": 4204678, "advisoryFeeIncome": 0, "deferredGainRecognition": 210571, "interestAndMiscellaneousIncome": 46171, "gainOnInitialRecognitionOfMarketableSecurities": 0, "realizedGainOnSaleOfMarketableSecurities": 0, "changeInFairValueOfMarketableSecurities": 0, "gainLossOnShortTermInvestment": 58960, "shareOfLossFromEquityInvestmentInSurgeBatteryMetalsInc": -235514, "dilutionLossOnInvestmentInSurgeBatteryMetalsInc": -2465, "netIncomeLossForThePeriod": -4126955, "otherComprehensiveIncomeLoss": 484656, "comprehensiveIncomeLossForThePeriod": -3642299, "earningsLossPerShareBasic": -0.02, "earningsLossPerShareDiluted": -0.02, "weightedAverageNumberOfCommonSharesOutstandingBasic": 217827358, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 217827358 }, "nineMonthsEndedNov302025": { 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"otherComprehensiveIncomeLoss": -132177, "comprehensiveIncomeLossForThePeriod": -877901, "earningsLossPerShareBasic": -0.00, "earningsLossPerShareDiluted": -0.00, "weightedAverageNumberOfCommonSharesOutstandingBasic": 233985959, "weightedAverageNumberOfCommonSharesOutstandingDiluted": 233985959 }, "nineMonthsEndedNov302024": { "conferencesAndTradeshows": 105139, "consultingAndEmploymentCosts": 617238, "depreciation": 227746, "explorationAndEvaluationExpenditures": 4513511, "foreignExchangeGainLoss": -35389, "generalAndAdministrative": 262042, "insurance": 1054751, "interestLeaseObligations": 9389, "managementAndDirectorsFees": 1316000, "marketingAndShareholdersCommunication": 379246, "professionalFees": 814546, "regulatoryAndTransferAgentFees": 174686, "shareBasedCompensation": 5689683, "travel": 9587, "totalOperatingExpenses": 15138175, "advisoryFeeIncome": 60000, "deferredGainRecognition": 631714, "interestAndMiscellaneousIncome": 282217, 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"effectOfForeignExchangeOnCashAndCashEquivalents": -285306, "changeInCashAndCashEquivalentsDuringThePeriod": -3287379, "cashAndCashEquivalentsBeginningOfPeriod": 7626317, "cashAndCashEquivalentsEndOfPeriod": 4338938 }, "threeMonthsEndedNov302024": { "operatingActivities": { "netLossForThePeriod": -4126955, "itemsNotAffectingCash": { "depreciation": 87283, "unrealizedForeignExchange": -22642, "interestLeaseObligations": 2841, "shareBasedCompensation": 1832444, "deferredGainOnShortTermInvestment": -210571, "gainOnInitialRecognitionOfMarketableSecurities": 0, "realizedGainOnSaleOfMarketableSecurities": 0, "changeInFairValueOfMarketableSecurities": 0, "gainLossOnShortTermInvestment": -58960, "shareOfLossFromEquityInvestmentInSurgeBatteryMetalsInc": 235514, "dilutionLossOnInvestmentInSurgeBatteryMetalsInc": 2465 }, "changesInNonCashWorkingCapital": { "amountsReceivable": -8032, "prepaidExpensesAndDeposits": 831014, "accountsPayableAndAccruedLiabilities": -750183, "deferredRevenue": 0 }, "cashUsedInOperatingActivities": -2185782 }, "investingActivities": { "proceedsFromSaleOfMarketableSecurities": 0, "proceedsFromSaleOfInvestmentInAssociate": 0, "reclamationDeposits": 0, "purchaseOfEquipment": -61463, "cashProvidedByUsedInInvestingActivities": -61463 }, "financingActivities": { "proceedsFromPrivatePlacementNetOfShareIssuanceCosts": 0, "proceedsFromExerciseOfWarrants": 0, "paymentOfLeaseLiabilities": -12736, "cashProvidedByUsedInFinancingActivities": -12736 }, "effectOfForeignExchangeOnCashAndCashEquivalents": 26165, "changeInCashAndCashEquivalentsDuringThePeriod": -2233816, "cashAndCashEquivalentsBeginningOfPeriod": 5726605, "cashAndCashEquivalentsEndOfPeriod": 3492789 }, "nineMonthsEndedNov302025": { "operatingActivities": { "netLossForThePeriod": -745724, "itemsNotAffectingCash": { "depreciation": 227176, "unrealizedForeignExchange": 18690, "interestLeaseObligations": 5735, "shareBasedCompensation": 2066281, "deferredGainOnShortTermInvestment": -631714, 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"accountsPayableAndAccruedLiabilities": -792047, "deferredRevenue": -60000 }, "cashUsedInOperatingActivities": -8339818 }, "investingActivities": { "proceedsFromSaleOfMarketableSecurities": 0, "proceedsFromSaleOfInvestmentInAssociate": 0, "reclamationDeposits": 0, "purchaseOfEquipment": -61463, "cashProvidedByUsedInInvestingActivities": -61463 }, "financingActivities": { "proceedsFromPrivatePlacementNetOfShareIssuanceCosts": 0, "proceedsFromExerciseOfWarrants": 10842, "paymentOfLeaseLiabilities": -38208, "cashProvidedByUsedInFinancingActivities": -27366 }, "effectOfForeignExchangeOnCashAndCashEquivalents": 32020, "changeInCashAndCashEquivalentsDuringThePeriod": -8396627, "cashAndCashEquivalentsBeginningOfPeriod": 11889416, "cashAndCashEquivalentsEndOfPeriod": 3492789 } }, "investmentsAndOtherAssets": [ { "type": "Marketable Securities", "description": "Shares in Surge Battery Metals Inc.", "ownershipPercentage": null, "value": 3886290, "notes": "Held as FVTPL, reclassified from 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"number": 150000, "exercisePrice": 2.14, "expiryDate": "2027-10-04" }, { "number": 1012800, "exercisePrice": 4.85, "expiryDate": "2028-02-02" }, { "number": 7725000, "exercisePrice": 0.51, "expiryDate": "2030-09-01" } ], "rightsConvertibleInstruments": null }, "managementCompensation": { "currency": "CAD", "periods": [ { "period": "threeMonthsEndedNov302025", "managementAndDirectorsFees": 322644, "consultingAndEmploymentCosts": 80000, "shareBasedCompensation": 1334376, "total": 1737020 }, { "period": "threeMonthsEndedNov302024", "managementAndDirectorsFees": 337751, "consultingAndEmploymentCosts": 0, "shareBasedCompensation": 844443, "total": 1182194 }, { "period": "nineMonthsEndedNov302025", "managementAndDirectorsFees": 1048497, "consultingAndEmploymentCosts": 106344, "shareBasedCompensation": 1277432, "total": 2432273 }, { "period": "nineMonthsEndedNov302024", "managementAndDirectorsFees": 1316001, "consultingAndEmploymentCosts": 0, "shareBasedCompensation": 3677298, "total": 4993299 } ], "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Surge Battery Metals Inc.", "description": "Advisory fee income", "amount": 60000, "period": "nineMonthsEndedNovember302024" }, { "counterparty": "Companies controlled by key management personnel", "description": "Management fees and expenses payable", "amount": 312525, "period": "As of November 30, 2025" } ] }, "subsequentEvents": [ { "eventDate": null, "description": "Sold remaining shares of Surge Battery Metals Inc.", "impactValue": 5650940 }, { "eventDate": null, "description": "Warrants exercised", "impactValue": 205000 } ] } ]