Additional Private Water Rights Planned Operations At TLC

VANCOUVER - American Lithium Corp. has reached an agreement with certain arms-length vendors to acquire 431 acres of privately-held agricultural lands, along with the accompanying 1,468 acre-feet of water rights, in the Big Smoky Valley near Tonopah, Nevada, close to the Company’s Tonopah Lithium Claims (TLC).

This latest agreement follows an earlier purchase in 2020 of a nearby 326-acre private ranch, also in Big Smoky Valley, which provides American Lithium with access to 1,110 acre-feet of water rights. The outright ownership of both properties will provide close to 2,500 acre-feet of combined water rights which should provide sufficient water for at least the initial phases of any future production at TLC and a strong base for any future expansion phases. The water can be transported by buried pipe-line to TLC utilizing existing public access routes. The water rights acquired with the land purchase may also be transferred throughout the basin including to the TLC site via intra-basin transfer.

Simon Clarke, CEO of American Lithium, states: “TLC benefits from a number of unique features, including an excellent location in the high desert of Nevada, which provides the project with a benign environmental footprint. The ability to secure additional sustainable water supply in our basin is a critical element and we are delighted that our team has been proactive in this regard. It is our mandate to continue to develop a sustainable business model at TLC that is as water efficient as possible. Our vision of judicious water conservation includes recycling and re-using our privately-owned water supplies whenever possible and we will maximize the rights we have and minimize water consumption.

Such initiatives are aligned with our commitment to minimize impacts on the surrounding ecosystem. To this end, we will also continue to operate both ranches using traditional, best-farming practices for the foreseeable future, with the cooperation of the Vendors and under the stewardship of a seasoned ranch manager.”