American Lithium Corp. · TSXV:LI
American Lithium — Investor Presentation (August 2023)
28 slides from American Lithium's investor presentation, August 2023
Slide 1: One of the Largest Lithium Developers in the Americas
One of the Largest Lithium Developers in the Americas Corporate Presentation | August 2023 TSX.V: LI | Nasdaq: AMLI | Frankfurt: 5la1
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. ➢ Two of the Largest Lithium Deposits In The Americas TLC Lithium 9.8 MT Li₂CO₃ M&I and 5.66 MT Li₂CO₃ Inferred(1) Nevada, US Resources (Li₂CO₃) ➢ One of the Largest Undeveloped Uranium Deposits 8.83 MT M&I 51.9 Mlbs U₃O₈ Indicated and 72.1 Mlbs U₃O₈ Inferred(2) 1.86 MT Inferr
Slide 5: TLC - Unique Sedimentary Claystone Lithium Deposit
TLC - Unique Sedimentary Claystone Lithium Deposit The Project OtherCompany ➢ 100% Owned, Large Scale Lithium Claystone Project ThackerPass (LithiumAmericas) ➢ One of the Top 5 Largest Claystone Deposits Globally ➢ 12,300 Acre Property ~ 6 Miles NW of Tonopah, Nevada ➢ Nearby Highways, Electrical, R
Slide 6: TLC – High Purity Lithium Carbonate
TLC – High Purity Lithium Carbonate 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 ▪ NPV8: US$3.26 Billion, IRR 27.5% and 3.8 years payback average annual LOM ▪ Large Scale: Average LOM Production of ~ 38
Slide 7: TLC – Flowsheet to High-Purity Lithium Carbonate
TLC – Flowsheet to High-Purity Lithium Carbonate Step 4 Impurity Removal Through Processing Neutralization, Evaporation & Softening Step 2 - Waste: Iron, Aluminium, Magnesium & Highlights Ore Preparation Calcium Salts - Crushing & Milling - Gravity Separation/Upgrading ▪ Extensive metallurgy and pro
Slide 8: Falchani – Unique Volcanic Lithium Deposit
Falchani – Unique Volcanic Lithium Deposit The Project ➢ Scalable, Near Surface, High-Purity, Hard Rock Project ➢ 3rd Largest Hard-Rock Lithium Deposit in the Americas ➢ Low Capital Requirements – Grind and Leach Process ➢ Ability to Produce Battery Grade Lithium ➢ No Upgrading or Refining Needed ➢
Slide 9: Falchani – Battery Grade Lithium Carbonate
Falchani – Battery Grade Lithium Carbonate Stage 1 Project: Base Case Highlights Highlights US$1.5 19.7% 4.7 Years US$8,977M LOM Robust Economics (using $12,000/E Li2Co3) billion US$430M average annual ▪ NPV8: US$1.5 Billion, IRR 19.7% and 4.7 years payback LOM ▪ Large Scale: 23,000tpa Li2CO3 Y1-Y7,
Slide 10: Falchani – Flowsheet to Battery-Grade Lithium Carbonate
Falchani – Flowsheet to Battery-Grade Lithium Carbonate Processing Highlights Step 4 Impurity Removal Through ▪ Extensive metallurgy and process Neutralization, and Softening engineering work supports - Waste: Iron, Aluminium, Magnesium, conventional sulfuric acid tank Calcium Salts leaching Step 1
Slide 11: Falchani – Long Term Global Cost Curve – 2030E
Falchani – Long Term Global Cost Curve – 2030E LOW FIRST QUARTILE COSTS (TOTAL COST BASIS) AMONGST PEER GROUP 7,433 (TLC) 4,333 (AC) 3,958 (BC) Falchani Alternate Case Falchani Base Case TLC Source: Benchmark Mineral Intelligence, Lithium Forecast | Q1 2023, Slide 62 11
Slide 12: Macusani – Large-Scale Uranium Development Project
Macusani – Large-Scale Uranium Development Project LOW COST, LOW CAPITAL INTENSITY WITH EXPANSION POTENTIAL 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 over
Slide 13: Lithium Development Path
Lithium Development Path TLC, NEVADA FALCHANI & QUELCAYA, PERU ✓ Infill/expansion drilling has expanded resource ✓ Commencement of pre-feasibility ✓ Additional water rights secured with ranch purchase ✓ Quelcaya exploration permit received; first issued by Peru government in over two years; drilling
Slide 14: 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 15: Environmental, Social, Governance (ESG)
Environmental, Social, Governance (ESG) Environment • Working to always minimize the environmental impact of our activities. • Biological surveys at TLC confirm no protected species or endangered habitat. • Initiatives to secure water rights and to minimize water loss & land disturbance. • PEAs focu
Slide 16: Capitalization
Capitalization Share Structure Major Shareholders Analyst Coverage TSXV: LI Stock Exchange / Symbol B Riley Securities Matthew Key NASDAQ: AMLI Institutional AusBil Investment Management Echelon Capital Gabriel Gonzalez Share Price C$2.54 Commodity Capital Basic Shares Outstanding 214.3 M Eight Capi
Slide 17: Share Price Performance
Share Price Performance Indexed to NASDAQ Indexed to Global X Lithium & Battery Tech ETF C$7.00 RETURNS SINCE JAN C$6.00 2020 C$5.00 C$4.00 C$3.00 LI: +1,789% C$2.00 C$1.00 INDEX: +143% - NASDAQ: +57% Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 MCAP C$10M+ C$540M+ ADTV C$76K (JAN 20’ AVG
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 alternative energy and sustainabil
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
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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: Lithium Demand
Lithium Demand Benchmark also estimates a need for approximately ~12,000,000 LCE tonnes by 2050 Source: Benchmark Mineral Intelligence – Lithium Forecast Report – Q1 2023 p44 23
Slide 24: Attractive Industry Outlook
Attractive Industry Outlook Recovering Global Lithium Carbonate Prices Growing Global Demand for Lithium Significant anticipated Mt LCE (weighted) Lithium Carbonate, Battery Grade, Global Prevailing Price Base supply crunch presents opportunity for Lithium Hydroxide, Battery Grade, Global Prevailing
Slide 25: Peer Positioning - P/NAV
Peer Positioning - P/NAV Clay Hardrock Current Consensus 1.5x Adjusted Consensus(1) 1.0x 0.8x 0.8x 0.7x 0.5x 0.6x 0.5x 0.4x 0.4x 0.4x 0.4x Current 0.2x Clay: 0.4x 0.2x 0.1x -- Hard Rock: 0.7x Patriot Liontown Elements Rock Tech Frontier Ioneer Sigma Minerals Li Ionic Li Americas Piedmont Atlantic Ce
Slide 26: Peer Positioning - EV/Resource (US$/t LCE)
Peer Positioning - EV/Resource (US$/t LCE) Clay Hardrock $1,229 $1,198 $695 Clay: $125/t $447 $433 $421 Current $278 $304 $187 $149 $84 $13 -- -- $25 Hard Rock: Liontown Elements Rock Tech Frontier Sigma Li Ionic Ioneer Li Americas AVZ Minerals Patriot Piedmont Century Li Atlantic Core Lithium Criti
Slide 27: 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 28: TSX.V:LI | NASDAQ:AMLI | Frankfurt:5la1
…Ensuring a sustainable America TSX.V:LI | NASDAQ:AMLI | Frankfurt:5la1 710-1030 W Georgia St, Vancouver, BC 604-428-6128 info@americanlithiumcorp.com Follow Us On www.americanlithiumcorp.com
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