Falchani Lithium Project, Peru
Our advanced-stage Falchani project is the 6th largest hard-rock lithium deposit in the world. It benefits from a highly sustainable business model in a geopolitically “friendly” jurisdiction.
PEA announced on January 10th, 2024
3.0 Years Payback
IRR 32.0% (after-tax using USD$22.5k/t Li2Co3 selling price)
Low CapEx
High Cash Flow
IRR 32.0% (after-tax using USD$22.5k/t Li2Co3 selling price)
Robust PEA: Base Case Economics
- Low second quartile operating costs (per Benchmark Mineral Intelligence)
- Scalable, 32-year mine life producing battery-grade lithium carbonate (“Li2CO3”)
- Additional 11 years of stockpile mining averaging 44,800tpa per year
Growth Potentail
- Estimated to be 6th largest hard rock lithium deposit globally*
- Resource estimate** based on only ~30% of target area
*Based on the Company’s review of publicly available information as at March 2019
**NI 43-101 report titled the “Falchani Lithium Project NI 43-101 Technical Report – Preliminary Economic Assessment” prepared by John Joseph Riordan, David Thompson, Valentine Cotzee of DRA Pacific and Mr. Stewart Nupen of The Mineral Corporation
Quality
- Robust metallurgical testing indicates conventional processing will produce a high purity battery grade (>99.5%) lithium carbonate
Updated PEA published on February 26th, 2024
American Lithium has acquired Plateau Energy Metals as of May 11, 2021
Excellent Infrastructure
- Easy transport
- Low cost power
- Labour
- Water
- Close to Two Oceans highway
Supply Security (Peru)
- Mining supportive jurisdiction
- Responsible mining practices
Quelcaya Target
- Outcrop mapping and sampling ~6 km west of Falchani deposit
- 1.5 km mapped extent; sampling average grade of 2,986 ppm Li
Tres Hermanas
- Three ridges of outcropping Li-rich tuff, interpreted as tilted upright compared to relatively horizontal at Falchani East and West
- Each ridge estimated at ~80m high x ~750m long east-west
- Surface samples up to 4,452 ppm Li, trenching in progress
Regional Targeting
- 6 km by 5 km interpreted collapsed caldera setting as target for future exploration
- ~ 20 km West, multiple surface samples up to 5,100 ppm Li from large Li-rich tuff outcrop
In October 2023, American Lithium released an updated Mineral Resource Estimate (“MRE”) that increased the projects Measured & Indicated (“M&I”) Lithium Resources by 476% relative to the previous MRE released in 2019, making Falchani one of the largest hard-rock lithium projects globally.
Minor discrepancies due to rounding may occur. Cut-off 600 ppm Li Tonnes are Metric Li Conversion Factors as follows: Li2CO3:Li ratio = 5.32, LiOH.H2O:Li ratio =6.05. Geological losses of 5% or 10% have been applied, based on geological structure and data density. The average geological loss is 6%.
American Lithium’s Falchani Pilot Plant Fully Commissioned and Operating
VANCOUVER, BRITISH COLUMBIA, September 16, 2026 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to report that the Falchani Lithium Project pilot-plant has all systems installed and operating. Recent laboratory testing has demonstrated an improvement in lithium recoveries. The pilot-plant, being advanced by TECMMINE in Lima, Peru, […]
American Lithium Reports Results of Annual General Meeting
VANCOUVER, BRITISH COLUMBIA, August 26, 2026 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to report the voting results for the Company’s Annual General Meeting of Shareholders (the “Meeting”) held today in Vancouver, British Columbia. Detailed voting results of the election of the Company’s board of directors […]
American Lithium Highlights Renewed Momentum for Peru’s Mining Sector Following Keiko Fujimori’s Presidential Election Victory
VANCOUVER, BRITISH COLUMBIA, July 07, 2026 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) welcomes the official confirmation of Keiko Fujimori’s presidential election victory and believes this result marks a positive outlook for the country’s mining sector, critical minerals development and long-term investment climate. Peru remains one of the […]
