American Lithium Corp. · TSXV:LI
American Lithium — Investor Presentation (February 2023)
27 slides from American Lithium's investor presentation, February 2023
Slide 1: A Leading, Diversified Lithium Development Company
A Leading, Diversified Lithium Development Company Corporate Presentation February 2023 TSXV TOP 50 COMPANY
Slide 2: Disclaimer
Disclaimer THIS MANAGEMENT PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW ONLY OF THE CURRENT AFFAIRS OF AMERICAN LITHIUM CORP. (“AL” OR “AMERICAN LITHIUM”) AND ITS SUBSIDIARIES, INCLUDING WITHOUT LIMITATION, PLATEAU ENERGY METALS INC. (“PLU”, WITH AL, PLU AND THE OTHER SUBSIDI
Slide 3: Disclaimer
Disclaimer All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: the Companies’ ability to achieve their stated goals, including the the estimated valuation of the Companies
Slide 4: American Lithium Corp.
American Lithium Corp. ONE OF THE LARGEST LITHIUM DEVELOPERS IN THE AMERICAS Company Highlights 2 Advanced Staged Lithium Projects On The Development Path: TLC & Falchani UNITED STATES Operating in Mining-Friendly Tier 1 Jurisdictions: Nevada & Peru One of World’s Largest Combined Lithium Resource B
Slide 5: Environmental, Social, Governance (ESG)
Environmental, Social, Governance (ESG) Environment • As a conscientious, progressive mining company, the responsible stewardship of the local environment where we operate is at the heart of our corporate values. • Working to always minimize the environmental impact of our activities. • Biological s
Slide 6: Tonopah Lithium Claims – TLC
Tonopah Lithium Claims – TLC Highlights Stage 1 Project: Base Case Highlights US$3.26 27.5% 3.8 Years US$14,617M LOM Robust Economics (using $20,000/t LCE) billion US$396M average annual ▪ NPV8: US$3.64 Billion, IRR 27.5% and 3.8 years payback LOM ▪ Large Scale: Average LOM Production of ~ 38,000tpa
Slide 7: TLC’s Unique Lithium Deposit
TLC’s Unique Lithium Deposit Processing Highlights • Lithium is weakly bound to the clays • >90% leach extraction within 10 minutes - fast tracking to production • Highest extractions >97% - overall post-leach recoveries ~ 90% • >99% lithium carbonate purity on first precipitation; can be economical
Slide 8: Falchani – Battery Grade Lithium
Falchani – Battery Grade Lithium SCALABLE, LONG LIFE BATTERY QUALITY LITHIUM CHEMICAL PROJECT IN PERU Asset Location and Concession Highlights Robust Economics (using $12,000/E Li2Co3) ▪ NPV8: US$1.5 Billion, IRR 19.7% and 4.7 years payback ▪ Large Scale: 23,000tpa Li2CO3 Y1-Y7, 44,000tpa Y8-Y12, 85
Slide 9: Falchani – Robust Economics
Falchani – Robust Economics Stage 1 Project: Base Case Highlights Stage 1 Project: Alternate Case Highlights US$1.5 19.7% 4.7 Years US$8,977M US$844M 18.8% 4.6 Years US$3,418M billion LOM LOM US$430M US$198M average annual LOM average annual LOM NPV(8%)1 IRR, after-tax 1 Payback1 Cash Flow1 NPV(8%)1
Slide 10: Falchani – Global Cost Curve – 2030E
Falchani – Global Cost Curve – 2030E LOW FIRST QUARTILE COSTS (TOTAL COST BASIS) AMONGST PEER GROUP AC 4,333 3,958 BC Falchani Base Case Falchani Alternate Case Source: Benchmark Mineral Intelligence, Lithium Forecast | Q2 2022, Slide 44 10
Slide 11: Lithium Price Overview – Effect on Falchani
Lithium Price Overview – Effect on Falchani Historical Lithium Carbonate Price (US$/t LCE; Since June 2021) $90,000 Price $80,000 $76,650 $70,000 $60,000 Falchani NPV8% Sensitivity (US$ mm) $50,000 $3,050 $40,000 $30,000 $1,554 $20,000 $10,000 (1) Base Case @ US$12,000/t LCE Base Case @ US$17,000/t
Slide 12: Falchani – Flowsheet Yields High-Grade Lithium
Falchani – Flowsheet Yields High-Grade Lithium CONVENTIONAL PROCESSING & PRECIPITATION – PRODUCES BATTERY GRADE LITHIUM CARBONATE Tank Leach Process Flowsheet Highlights ▪ Extensive metallurgy and process engineering work supports conventional sulfuric acid tank leaching ▪ Crystallization demonstrat
Slide 13: Macusani Uranium – Large-Scale / Low-Cost
Macusani Uranium – Large-Scale / Low-Cost LOW COST, LOW CAPITAL INTENSITY, FLEXIBLE URANIUM DEVELOPMENT PROJECT Location and Mineral Resource PEA Highlights Strong Project Economics1, 2 ▪ NPV8: US$603M, IRR 40.6% and 1.8 years payback at US$50/lb U₃O₈ ▪ Large Scale. Avg. production ~6Mlbs U₃O₈ / yr
Slide 14: Aggressive Exploration & Development
Aggressive Exploration & Development BUILDING ADDITIONAL VALUE THROUGH THE DRILL-BIT NEVADA • Ongoing metallurgical work to finalize flow-sheet at TLC • Infill / expansion drilling at TLC has expanded resource • Additional water rights secured • Recent buyback of 1% NSR - project fully unencumbered
Slide 15: Capitalization
Capitalization Share Structure Major Shareholders Analyst Coverage TSXV: LI National Bank Lola Aganga Stock Exchange / Symbol NASDAQ: AMLI Institutional - AusBil Eight Capital Anoop Prihar Share Price C$4.00 - Commodity Capital Roth Capital Joe Reagor Basic Shares Outstanding 214.1 M - GlobeX Warran
Slide 16: Share Price Performance
Share Price Performance Indexed to NASDAQ Indexed to Global X Lithium & Battery Tech ETF C$7.00 C$6.00 C$5.00 RETURNS SINCE JAN C$4.00 2020 C$3.00 LI: +3,492% C$2.00 INDEX:+168% C$1.00 NASDAQ: +30% - Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 MCAP C$10
Slide 17: Proven Leadership Team, Known Company Builders
Proven Leadership Team, Known Company Builders Board Directors Management Andrew Bowering | Chairman & Director Simon Clarke | CEO & Director • 30+ years in mining; building multiple teams and operated mineral resource companies. Dr. Laurence Stefan, PhD | COO & Director • Founder, EVP / Director of
Slide 18: US Lithium Forecast – A Large Deficit
US Lithium Forecast – A Large Deficit • Defense Production Act • Inflation Reduction Act • Streamline Permitting? When President Biden signed the Inflation Reduction Act (IRA) into law, clean energy leaders recognized that this was the largest federal investment in alterative energy and sustainabili
Slide 19: Lithium Supply Chain is Dominated by China
Lithium Supply Chain is Dominated by China FROM A GLOBAL BATTERY ARMS RACE TO A GLOBAL SUPPLY CHAIN RACE Li Source: Benchmark Gigafactories USA 2022, Dawn of the Energy Storage ERA, P.10 1 Flake Graphite Feedstock, All Anode Nature & Synthetic 19
Slide 20: Strong Fundamentals Going Forward
Strong Fundamentals Going Forward World-Class Lithium Assets … two of the largest global resource bases with the ability to expand Strategically Located … Tier 1 mining jurisdictions with infrastructure and strong community support Proven Management Team … proven history of advancing assets and deli
Slide 21: Appendix
APPENDIX
Slide 22: Lithium Carbonate Supply and Demand Expectations
Lithium Carbonate Supply and Demand Expectations (1) Source: Bloomberg, BMO Equity Research, Street Research Note: Supply numbers shown ignore the anticipated supply from new projects coming online between 2022 and 2030 22
Slide 23: Attractive Industry Outlook
Attractive Industry Outlook Recovering Global Lithium Carbonate Prices Growing Global Demand for Lithium Mt LCE (weighted) Lithium Carbonate, Battery Grade, Global Prevailing Price Base Lithium Hydroxide, Battery Grade, Global Prevailing Price Base Significant anticipated supply crunch presents $44,
Slide 24: Peer Positioning - P/NAV
Peer Positioning - P/NAV Clay Hardrock Current Consensus 1.6x Adjusted Consensus(1) 1.2x 0.9x 0.7x 0.8x 0.7x 0.6x 0.6x 0.5x 0.5x 0.4x Current 0.4x 0.4x 0.4x Clay: 0.5x 0.2x -- Hard Rock: 0.8x Patriot Elements Frontier Ioneer Minerals Rock Tech Liontown Sigma Li Ionic Li Americas Atlantic Piedmont Ce
Slide 25: Peer Positioning - EV/Resource (US$/t LCE)
Peer Positioning - EV/Resource (US$/t LCE) Clay Hardrock $2,271 $1,055 $452 $556 $526 $483 $423 Clay: $189/t Current $310 $294 $204 $96 $18 -- -- $49 Hard Rock: Core Lithium Rock Tech Elements Frontier AVZ Minerals Patriot Ioneer Sigma Liontown Li Ionic Li Americas Piedmont Atlantic Century Li Criti
Slide 26: Market Sentiment and Strengthening Fundamentals Have Led to Significant Gains
Market Sentiment and Strengthening Fundamentals Have Led to Significant Gains Lithium developers and producers have outperformed __...with investors changing how they look and other battery metal exposed peers over the past 3 years... _at lithium developers on a P/ NAV... EV/LTM EBITDA multiples bas
Slide 27: TSX.V:LI | NASDAQ:AMLI | Frankfurt:5la1
…Ensuring a sustainable America TSX.V:LI | NASDAQ:AMLI | Frankfurt:5la1 www.americanlithiumcorp.com Follow Us On
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