American Lithium Reaches Agreement to Acquire Plateau Energy Metals and Consolidate Development-Stage Lithium Assets
American Lithium Corp. and Plateau Energy Metals Inc. are pleased to announce that they have entered into a definitive arrangement agreement to consolidate two significant and strategic undeveloped lithium assets in the Americas at a time of rapidly growing lithium demand in the context of increasing focus on electric vehicles, energy storage and renewable energy generation. It is expected that Plateau shareholders …
American Lithium Corp. (TSXV:LI | OTCQB:LIACF | Frankfurt:5LA1) (“ American Lithium ”) and Plateau Energy Metals Inc. (TSXV:PLU | OCTQB:PLUUF) (“ Plateau ”) are pleased to announce that they have entered into a definitive arrangement agreement (the “ Agreement ”) to consolidate two significant and strategic undeveloped lithium assets in the Americas at a time of rapidly growing lithium demand in the context of increasing focus on electric vehicles, energy storage and renewable energy generation. It is expected that Plateau shareholders will hold approximately 21% of American Lithium’s shares on an outstanding undiluted basis upon completion of the Transaction (as defined below).