American Lithium Corp. · TSXV:LI
American Lithium — Investor Presentation (October 2022)
28 slides from American Lithium's investor presentation, October 2022
Slide 1: A Leading, Diversified Lithium Development Company
A Leading, Diversified Lithium Development Company Corporate Presentation October 2022 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 anticipated benefits of the acquisition
Slide 4: American Lithium Corp. Company Highlights
American Lithium Corp. ONE OF THE LARGEST LITHIUM DEVELOPERS IN THE AMERICAS Company Highlights 2 Advanced Staged Lithium Projects: TLC & Falchani UNITED STATES Operating in Mining-Friendly Tier 1 Jurisdictions: Nevada & Peru One of World’s Largest Combined Lithium Resource Bases: 6.3 MT Li₂CO₃ MI a
Slide 5: Capitalization
Capitalization Share Structure Major Shareholders Analyst Coverage TSXV: LI Eight Capital Anoop Prihar Stock Exchange / Symbol OTCQB: LIACF Institutional - AusBil Roth Capital Joe Reagor Share Price C$2.25 - Commodity Capital VSA Capital Oliver O’Donnell Basic Shares Outstanding 204.2 M - GlobeX War
Slide 6: 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: +1,600% C$2.00 INDEX:+160% C$1.00 - NASDAQ: +75% Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 MCAP C$10M+ C$50
Slide 7: Peer Positioning - P/NAV
Peer Positioning - P/NAV Clay Hardrock 1.2x 1.0x 0.9x 0.9x 0.8x 0.8x 0.6x 0.5x 0.5x 0.4x 0.4x Current 0.3x 0.2x Clay: 0.6x 0.2x -- Hard Rock: 0.6x Ioneer Li Ionic Sigma Liontown Elements Frontier Minerals Rock Tech Li Americas Cypress Patriot Piedmont Atlantic Core Lithium Critical AVZ 1.1x 1.1x 1.1
Slide 8: 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 9: 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 10: 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 11: TLC Project – Large Scale, Strategically Based Deposit
TLC Project – Large Scale, Strategically Based Deposit. Property Highlights • 12,300-acre property ~ 6 miles NW of Tonopah, Nevada • Large-scale near surface deposit - minimal overburden / thick zones of Lithium mineralization (up to 80 m thick) • Existing resources: 5.37Mt (LCE) M&I and 1.76Mt LCE
Slide 12: TLC’s Advantages
TLC’s Advantages Competitive Market Advantages Fastest Processing Time Simple Lithium Upgrading • Gravity separation Low Deleterious Elements • Low mercury, low arsenic, low Leach time to >=90% recovery [mins] upgrades lithium • Achieved results up to 1300 radioactivity (uranium) • Low contaminants
Slide 13: 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 14: 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 15: 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 15
Slide 16: 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 17: 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$50/lb U₃O₈ ▪ Large Scale. Avg. production ~6Mlbs U₃O₈ / yr
Slide 18: Aggressive Exploration & Development
Aggressive Exploration & Development BUILDING ADDITIONAL VALUE THROUGH THE DRILL-BIT PERU • Exploration drilling on 2 new drill “ready-target” areas near Falchani • Infill & expansion drilling at Falchani to expand & reclassify existing resource – enables move into feasibility • EIA for pre-feasibil
Slide 19: Lithium Price Overview
Lithium Price Overview Historical Lithium Carbonate Price (US$/t LCE; LTM) $90,000 $80,000 $70,000 $69,700 $60,000 Falchani NPV8% Sensitivity (US$ 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$17,000/t LCE -- Jun-21 Aug-21 Oct-21 Dec-21 Feb-
Slide 20: Peer Positioning - EV/Resource (US$/t LCE)
Peer Positioning - EV/Resource (US$/t LCE) Clay Hardrock $1,949 $942 $616 $551 Clay: $251/t $417 $419 Current $352 $313 $202 $120 $18 $125 -- $27 Hard Rock: AVZ Minerals Ioneer Atlantic Elements Rock Tech Frontier Sigma Liontown Li Americas Cypress Patriot Piedmont Core Lithium Critical $586/t $1,05
Slide 21: Peer Positioning - MCAP and P/NAV
Peer Positioning - MCAP and P/NAV Clay Hardrock $3.9 MCAP (US$B) $3.0 $2.3 $1.8 $0.9 $1.3 $1.3 $1.0 $0.1 $0.6 $0.3 $0.3 $0.3 $0.2 $0.2 $0.4 On the smaller end of peer set Liontown Piedmont Minerals Elements Americas Frontier Sigma Ioneer Sayona Li Ionic Cypress Patriot Lithium Atlantic on MCAP Rock
Slide 22: Strong Fundamentals Going Forward
Strong Fundamentals Going Forward World-Class, Scalable Assets Dedicated Management Team • Two of the largest global lithium development projects • Depth of management, each with 30+ years experience in extractive industries • Combined resources of 6.3MT LCE Measured & Indicated and 5.5MT LCE Inferr
Slide 23: Lithium Supply Chain is Dominated by China
Lithium Supply Chain is Dominated by China FROM A GLOBAL BATTERY ARMS RACE TO A GLOBAL SUPPLY CHAIN RACE Li Source: Benchmark Gigafactories USA 2022, Dawn of the Energy Storage ERA, P.10 1 Flake Graphite Feedstock, All Anode Nature & Synthetic 23
Slide 24: P/NAV: Significant Re-Rate Potential
P/ NAV : Significant Re-Rate Potential 1.0x 1.0x 0.8x 0.6x 0.3x Lithium Lithium Lion Lithium Developers Americas Town Producers Average Average MCAP(C$) $0.6B $1.1B $5.0B $3.2B $10B+ 90% Fully STAGE PEA Various Complete Funded Producing Source: National Bank Financial 24
Slide 25: Appendix
APPENDIX
Slide 26: Lithium – Critical Element Essential for Clean Energy
Lithium – Critical Element Essential for Clean Energy Momentum is Building: Government and Industry Speaks • Defense Production Act to help finance the build-out of America’s critical minerals supply chain, including lithium projects. – Biden Administration, Mar 2022 • World’s biggest producer of li
Slide 27: 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 28: TSX.V:LI | OTCQB:LIACF | Frankfurt:5la1
…Ensuring a sustainable America TSX.V:LI | OTCQB:LIACF | Frankfurt:5la1 www.americanlithiumcorp.com Follow Us On
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