American Salars Announces Non-Brokered Private Placement Fully Committed

Executive Summary

• American Salars Lithium Inc. announced that its previously disclosed non‑brokered private placement of up to CAD $175,000 at $0.105 per unit is now fully subscribed.
• The offering consists of up to 1,666,666 units, each unit comprising one common share and one common share purchase warrant (exercise price $0.14, exercisable for 24 months).
• Proceeds will be used to fund exploration activities and general working capital; securities are subject to a four‑month‑and‑one‑day hold period.

Key Details

• Offering Size: Up to CAD $175,000 total subscription amount.
• Unit Price: $0.105 per unit.
• Units Offered: Up to 1,666,666 units.
• Composition of Each Unit:
• 1 common share
• 1 common share purchase warrant (right to purchase one additional common share at $0.14 per share for a period of 24 months).
• Use of Proceeds: Exploration expenditures and general working capital.
• Hold Period: All securities issued are subject to a four‑month‑and‑one‑day hold period from the date of issuance, in accordance with applicable securities legislation.
• Regulatory Approval: Financing is subject to standard CSE (Canadian Securities Exchange) approval.

Notable Quotes

“R. Nick Horsley, CEO” – signatory on behalf of the Board of Directors.