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Stock impact report

American Lithium Issues Shareholder Letter [Financial Post (Toronto, Ontario, Canada)]

American Lithium Corp. (AMLI) 
Company Research Source: Financial Post
VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) is pleased to issue a letter to shareholders. Dear Shareholders, As the newly appointed Interim Chief Executive Officer of American Lithium, I am pleased to update you on our progress as we prepare for an inevitable lithium market recovery, particularly for “Made in America” lithium carbonate. All told, it has been a challenging period for the battery metals industry, with market conditions affecting all lithium developers worldwide. Despite this, we are committed and poised for what we are confident will be a robust recovery, especially with recent global developments creating renewed optimism. The sharp decline in lithium prices – from a high of $85,000 per ton to around $10,000 per ton, has impacted valuations across the board for all lithium developers, including us. This being said, we remain focused on dilig Show less Read more
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