American Lithium Corp. · TSXV:LI
American Lithium — Investor Presentation (May 2023)
28 slides from American Lithium's investor presentation, May 2023
Slide 1: One of the Largest Lithium Developers in the Americas
One of the Largest Lithium Developers in the Americas Corporate Presentation | May 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: 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 6: TLC - Unique Lithium Deposit
TLC - 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 7: TLC – High Purity Lithium
TLC – High Purity Lithium 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 ~ 38,000tpa LC
Slide 8: TLC – Flowsheet Yields High-Grade Lithium
TLC – Flowsheet Yields High-Grade Lithium Tank Leach Process Flowsheet Highlights ▪ Extensive metallurgy and process work supports counter-current sulfuric acid leach ▪ Precipitation demonstrates Li2CO3 over 99% ▪ Leachate solution offers lithium chemical end product flexibility and potential high p
Slide 9: 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 10: 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 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: Falchani – Flowsheet Yields Battery-Grade Lithium
Falchani – Flowsheet Yields Battery-Grade Lithium Tank Leach Process Flowsheet Highlights ▪ Extensive metallurgy and process engineering work supports conventional sulfuric acid tank leaching ▪ Crystallization demonstrated low impurity, high quality Li2CO3 (99.74%+) ▪ Leachate sulfate solution offer
Slide 13: 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 14: On The Development Path
On The Development Path NEVADA ✓ Infill / expansion drilling has expanded resource at TLC ✓ Additional water rights secured with ranch purchase ✓ Recent buyback of 1% NSR making project fully unencumbered ✓ Ongoing metallurgical work finalizing flow-sheet at TLC ✓ Maiden PEA yields robust economics
Slide 15: 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$2.90 Commodity Capital Basic Shares Outstanding 214.3 M Eight Capi
Slide 16: 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: +1,922% C$2.00 C$1.00 INDEX: +130% - NASDAQ: +32% 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 Apr-23 M
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
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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