Macusani Uranium Project, Peru
At Macusani, we are advancing one of the world’s largest and lowest-cost uranium deposits to help meet the need for clean and efficient energy – strategically sourced in the Americas.
1.8 Years Payback, Post-Tax
IRR 40.6%, at US$50/lb U3O8
Low CapEx
Low Cost
*Non-IFRS Reporting Measure
Control of All Defined Uranium Resources in Emerging Uranium District
Strong Project Economics
- Large scale: proposed production averaging over ~6 Mlbs U3O8 per year over a 10 year mine life
- PEA mine plan resources: ~70 Mlbs U3O8 at 289 pp
Growth Potential
- 47+ targets around existing defined deposit
- Expansion drilling at Macusani to expand existing resource
- Updating Macusani PEA to incorporate upgrading/tank leach option
Near Surface + Leach Kinetics
- Five near surface deposits included in the PEA mine plan
- Hosted in porous volcanic rock → rapid leach and low acid consumption
Path to Production
- Align existing Peruvian Radioactive Export/Transport rules with IAEA for U3O8
American Lithium has acquired Plateau Energy Metals as of May 11, 2021.
Excellent Infrastructure
- Easy transport
- Low cost power
- Labour
- Water
Supply Security (Peru)
- Mining supportive jurisdiction
- Responsible mining practices
Existing Deposits
- Targeted drilling in and around existing defined deposits
- Infill drilling in inferred deposits outside current PEA mine plan
Kihitian Complex
- Tantamaco South East – targets in between Tantmaco and Quebrada Blanca deposits
- Untested post-land consolidation of extensions to mineralized manto horizon
Regional Targeting
- +47 additional targets property wide
- 85% of exploration land package undrilled – untested targets for early follow-up
Processing
- Tank leach option work to be advanced
- Potential for better recoveries & shorter leach cycle
- Mid-90’s in early tests vs. 88% in PEA
- Capex/opex vs. recoveries trade off
Pre-Concentration
- Potential economic improvement with size/screen sorting
- 85% uranium contained in 50% of mass in fine fraction)
- Potential for less material handling, higher processed grades, reduced processing throughput and smaller plant footprint
Scalability
- Phased expansion, smaller initial capex options to be reviewed
- 2 to 6 Mlbs U3O8 annual production ranges considered previously
- Review + engineering work in consideration
All Resources stated at 75 ppm U cutoff
All Resources stated at 200 ppm U cutoff
- Kihitian Complex includes the Chilcuno Chico, Quebrada Blanca, Tuturumani and Tantamaco deposits updated May 6, 2015.
- Isivilla Complex includes the Isivilla, Calvario Real, Puncopata and Calvario I deposits, updated May 6, 2015
- Corani Complex includes the Calvario II, the Calvario III and Nueva Corani deposits, updated May 6, 2015
- Colibri II-III and Tupuramani remain unchanged, last updated August 14, 2013
- Corachapi remains unchanged, last updated September 8, 2010
- Case 1: Heap leach, open pit mining only
- Case 2: Heap leach, open pit and underground mining
- Case 3: Tank leach, open pit mining only
- Case 4: Tank leach, open pit and underground mining
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 […]
