American Lithium announces royalty buyback at TLC Lithium Project

American Lithium entered into an agreement with Nevada Alaska Mining Co. Inc., an arms-length party, to buy back the remaining one percent gross overriding royalty on the Company’s wholly owned TLC Lithium Project located in the Esmerelda lithium district northwest of Tonopah, Nevada. Pursuant to the terms of the Agreement, American Lithium will issue 950,000 common shares in the capital of the Company to Nevada Alaska Mining Co. Inc. The Shares will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The acquisition of the Royalty, and issuance of the Shares, remains subject to the approval of the TSX Venture Exchange.