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American Lithium Minerals, Inc. (OTC: AMLM) Reports Fiscal Q1 2026 Results and Provides Update on Potentially Largest Lithium and Gold Discoveries in North America
American Lithium Minerals, Inc. (OTC: AMLM) Reports Fiscal Q1 2026 Results and Provides Update on Potentially Largest Lithium and Gold Discoveries in North America.
About this update from American Lithium Minerals, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n American Lithium Minerals, Inc. (OTC: AMLM) Reports Fiscal Q1 2026 Results and Provides Update on Potentially Largest Lithium and Gold Discoveries in North America\r\n \r\n \r\n\r\n\r\nAmerican Lithium Minerals, Inc. (OTC: AMLM) Reports Fiscal Q1 2026 Results and Provides Update on Potentially Largest Lithium and Gold Discoveries in North America\r\n\r\n\r\n\r\n\r\n\r\n\r\nCARSON CITY, Nev., Feb. 17, 2026 /PRNewswire/ -- American Lithium Minerals Inc (OTC: AMLM) (\"AMLM\" or the \"Company\") an exploration stage mining company focused on gold, silver, lithium, rare earths, and other critical metals filed its Fiscal First Quarterly Report for 2026 for the period ending December 31, 2025, and provided updates on its portfolio projects.\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\nKey Financial Highlights for the Quarter Ended December 31, 2025:\r\n \r\n Cash Position: The Company ended the quarter with $33,100 in cash, compared to a nominal negative balance of $(10) as of September 30, 2025. This improvement reflects $96,245 in proceeds from related-party promissory notes, partially offset by $40,000 in mineral property option payments.\r\n Total Assets: Increased to $2,902,243 from $2,829,133 at September 30, 2025, primarily due to the cash increase and capitalization of $40,000 in mineral property option payments.\r\n Net Loss: Reported a net loss of $38,023 (or $0.00 per basic and diluted share) for the three months ended December 31, 2025, compared to a net loss of $29,243 in the prior-year comparable quarter. The increase was driven by higher professional fees ($21,395 vs. $0) and interest expense ($14,888 vs. $13,644), partially offset by lower general and administrative expenses.\r\n Operating Expenses: Totaled $23,135, compared to $15,599 in the prior-year period.\r\n Stockholders' Equity: $2,123,343 as of December 31, 2025, down from $2,161,366 at September 30, 2025, reflecting the quarterly net loss.\r\n Shares Outstanding: 68,717,592 common shares remained unchanged in the quarter.\r\n \r\n The Company continues to operate with minimal overhead while advancing its strategic initiatives. As an exploration-stage entity with no current revenue, AMLM reported no operating revenue during the period, consistent with its focus on property evaluation and acquisition opportunities.\r\n The full quarterly report is av...