TSX.V:LI | OTCQB:LIACF | Frankfurt:5la1€¦ · 2020-04-15 · This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations

TSX.V:LI | OTCQB:LIACF | Frankfurt:5la1December 2020

THIS MANAGEMENT PRESENTATION (THE "PRESENTATION") WAS PREPARED AS A SUMMARY OVERVIEW ONLY OF THE CURRENT AFFAIRS OF AMERICAN LITHIUM. (“AL" OR THE"COMPANY") AND WAS NOT PREPARED FOR THE PURPOSE OF ASSISTING PROSPECTIVE INVESTORS IN MAKING A DECISION TO INVEST IN AMERICAN LITHIUM. . AL DOES NOTMAKE ANY REPRESENTATION AS TO THE COMPLETENESS, TRUTH OR ACCURACY OF THE INFORMATION CONTAINED IN THIS PRESENTATION. THE COMPANY EXPRESSLYWARNS READERS NOT TO RELY ON THE INFORMATION HEREIN FOR INVESTMENT OR OTHER RELATED PURPOSES. ACCORDINGLY, ANY USE OF THIS INFORMATION IS AT YOURRISK AND WITHOUT LIABILITY TO THE COMPANY. THE INFORMATION CONTAINED HEREIN IS NOT AND SHOULD NOT BE CONSTRUED AS EITHER A PUBLIC OR PRIVATE OFFEROR SOLICITATION TO PURCHASE SECURITIES IN THE CAPITAL STOCK OF PRIME INC. THE READER IS REFERRED TO HIS/HER PROFESSIONAL INVESTMENT ADVISOR REGARDINGINVESTMENT RELATED DECISIONS RESPECTING THE SECURITIES OF THE COMPANY.

CONFIDENTIALITYThis Presentation is confidential, and the contents are not to be reproduced or distributed to the public or the press. Securities legislation in all provinces and territories prohibits such unauthorizeddistribution of information. Each recipient of the information contained in this Presentation will treat such information in a confidential manner and will not, directly or indirectly, disclose or permit itsaffiliates or representatives to disclose such information to any other person or reproduce this Presentation in whole or in part, without the prior written consent of American Lithium.

FORWARD-LOOKING INFORMATIONThis presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including,without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be noassurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could causeactual results to differ materially from our expectations as well as a comprehensive list of risk factors are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadianregulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do notundertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue relianceon forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-lookingstatements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actualresults and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Companydoes not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

QUALITY ASSURANCE/QUALITY CONTROLThe technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company'squalified persons

DISCLAIMER

© 2020 American Lithium. All Rights Reserved 2

© 2020 American Lithium. All Rights Reserved

Electric Vehicles• LCE per vehicle battery: 10-63kg.• The global EV market is expected to

grow at 22.5% from 2019-2025reaching a value of $527,300 million.

Advanced RoboticsIt is predicted that the market forindustrial and non-industrial robots willgrow from $83bn in 2019 to $209bn by2025.

RenewablesRenewables are growing and areexpected to expand by 50% in the nextfive years with solar PV leading theway.

IT• LCE per laptop: 50-100grams.• The electronic devices market is

growing at 1.9% by revenue and 4%by demand.

• By 2023, the electronic devicesmarket is expected to rise to$29.5bn/52.1GWh.

Why Lithium?WE ARE IN A TECHNOLOGY “SUPER CYCLE;” LITHIUM IS ONE OF THE METALS MOSTIMPACTED BY EMERGING TECHNOLOGIES

Lithium is critical to these key boomingmarkets, amongst others…

Source: MIT, ITA, Core Consultants‘ Research

Minerals Most Likely Impacted by Emerging Technologies

3

But the US is already making strides to

secure its future.

The American Minerals Security Act

seeks to identify the resources

necessary to develop local supply and

secure America’s minerals

independence.


North America is Vulnerableto Supply ShocksTWO COUNTRIES ARE RESPONSIBLE FOR 95% OF NORTH AMERICA’S LITHIUM IMPORTS

Critical Minerals List

Argentina51%

Chile44%

0% 50% 100%

% of US Lithium import Supply

American Lithium’s TLC project can supply the criticallyrequired domestic lithium in an environmentally and

economically sustainable way.


Government HasDeclared USBatteryIndependenceTHE SUPPLY CHAIN STARTS WITH OWNINGAND DEVELOPING LITHIUM-ION BATTERYRAW MATERIALS IN AMERICA

5

• Extensive deposit close to surface.• Unique Minerology that allows production of battery grade

lithium within a few hours.• Concentrated lithium mineralization up to 80 meters thick.• Measured and Indicated: 5.37m tonnes LCE• Inferred: 1.76m tonnes LCE• Amenable to low cost mining with the ability to excavate

large quantities of claystone in relatively short time.• Recoveries above 90%

• Proven history of returning value to shareholders.• CEO Mike Kobler: Founded Canadian Oil Sands Company,

which he took from start up to half a billion valuation. Presentlythe company is worth over $2bn.

• CFO Andrew Bowering founded Millennial Lithium whichraised over $100 million and is in its final development stage.

• Depth of management, each with well over 30 yearsexperience in extractive industries.

• Significant input into high growth sectors including electricvehicles, renewables, and robotics.

• Lithium is considered one of the metals most impactedpositively by the technology supercycle.

• Lithium demand expected to increase 5X by 2028.• Planned battery factories in USA already require circa

80,000 tonnes of LCE per year.

• Located in Nevada, USA close to Tesla Gigafactory.• Five other Gigafactories located in the USA.• Politically stable jurisdiction with a strong reputation

for mining.• US government has indicated that they support local

lithium projects.• Potential for project to get fast tracked.


Strong Fundamentals$10 MILLION SPENT TO DATE, NEW RESOURCE CALCULATION RELEASED MAY 2020

World-Class, Scalable Asset Dedicated Management Team

Enviable Location Lithium Demand Set to Increase

6

KEY FACTS

Location• Nevada, United States.• Halfway between Las Vegas and Reno• Close to Tesla’s Gigafactory and key US-based battery producers.

Lithium Claims• 6000 acre property• Concentrated lithium mineralization up to 80 meters thick• Extends laterally and shows extensive mineralization for kilometers in all directions.

UniqueMineralogy

• An alluvial deposit sourced from surrounding volcanic tuffs that was washed into alacustrine freshwater basin to form sedimentary claystones.

• Unique mineralogy allows production of battery grade lithium salts within a few hours.• Processing time to recover more than 90% lithium is much lower than their peers,

resulting in potentially lower production costs.• Short processing times allows for a scalable project compared to their peers which may

be limited by the slower throughput times.

Infrastructure

• Project is 5 miles from Tonopah, a historic regional mining center.• State of Nevada, top three mining jurisdictions in the world.• 3 hours by Highway to the biggest auto battery plant in the Americas.• 100 miles to heavy rail and natural gas line.• High voltage power within a couple miles. Best access to infrastructure of all peers.

Near TermProductionPlan

• Complete Preliminary Economic Assessment and proceed to PFS• Environmental Studies Complete – Submit Plan of Operations to BLM in December.• Design and test a pilot facility.• Finalise design and build out extraction facilities.


AMERICAN LITHIUM MINE OVERVIEWOPPORTUNITY TO OWN ONE OF THE LARGEST ECONOMICAL MINES IN NORTH AMERICA

7


Potential to Fast Track the ProjectSCALABLE, HIGH RECOVERIES, SIMPLE PROCESSING, CLOSE TO SURFACE

Company now moving to the nextstage of Preliminary Economic

Assessment, pilot plant design andengineering.

TLC is a freshwater claystonedeposit with high lithium

values.

Lithium recoveries are over 90%. The deposit is close to the surface.

Low strip ratio of 0.5:1 andconventional mining

methods, reduces theestimated mining costs.

Zero deleterious elements(potential to fast track to

permit the mine).

8


American Lithium’sOverwhelmingAdvantages

No Selective Mining• 100% digestible ore• Rapid lithium leaching

No Deleterious Elements• No mercury, no arsenic, no radioactivity (uranium)• No contaminants in waste ore

No Water Issues• The entire resource is above the water table• No groundwater, runoff, or watershed issues

Minimal Overburden• Lithium ore starts at surface• Lithium production from Day 1

100% North American Ownership• Lithium for North America’s battery production

The leaching time to recover more than

90% of the lithium is much faster than

comparable lithium claystone projects.

High lithium yields in a matter of

minutes. This efficiency is due to TLC’s

unique mineralogy and leads to lower

processing and production costs.

Notes: *Only made it to 80% | ~First hour was distilled water only, so 180 minutes total | ^ “Residence time’ | ** Inferred from 85% and 95% recovery values

Source: American Lithium Research


Fastest Processing TimeRelative to its PeersLOW COST LITHIUM PRODUCTION POTENTIAL

10

10

180240

120

240 240

0

100

200

300

400

500

600

ALC ToponahLithium Claim

(TLC)

LAC ThackerPass

CypressMinerals -

Clayton Valley*

Noram Ventures- ClaytonValley*~

Jindalee -McDermitt

Ioneer - RhyoliteRidge^

Hawkstone - BigSandy**

Min

utes

Leach time to above 90% recovery1440


SEDIMENTARYCLAYSTONE

LITHIUM

An alluvial deposit was washedinto a freshwater lake which then

settled down into sedimentaryclaystones which makes the

lithium only weakly bound to theclays. This fact, together with

over 90% recovery rate so far,enables the ore to be converted

to battery grade lithium carbonatewithin a matter of hours.

The process also produces amagnesium hydroxide by-productthat offsets the costs, renderingTLC an extremely cost-effective

solution for North America’slithium battery industry

TLC in the Battery Supply Chain

11

• 18 reverse circulation exploratory drill holes in 2019.• 5 core drill holes in 2019.• 5 reverse circulation drill holes in 2020.• 6 large diameter sonic drill holes for bulk sampling in preparation

for pilot plant work, ongoing.• Proved world-class lithium grades as high as 2,600 ppm.• Laterally extensive for miles.• Flat laying.


TLC ProjectSampling Program

• Lithium resource estimate was published on 15 April 2020• Results show that all lithium resources on the TLC

Property are mineable with a favorable stripping ratio• Measured and Indicated: 5.37m tonnes LCE• Inferred: 1.76m tonnes LCE• Initial resource estimate indicates that TLC is a quality

asset and recommends the company embarks on its PEAto progress the project.


Cutoff Volume Tonnes Li Million Tonnes (Mt)

Li (ppm) (Mm^3) (Mt) (ppm) Li Li2CO3 LiOH*H2O

Measured

400 400 680 932 0.63 3.35 3.81

Indicated

400 251 427 898 0.38 2.02 2.30

Measured +Indicated

400 651 1107 912 1.01 5.37 6.11

Inferred

400 213 362 912 0.33 1.76 2.00

TLC Project NI 43-101Compliant ResourceStatement

SECTION B-B’

• Extends laterally for miles (kms),• Lithium ore zone is up to 250 ft

(80 m) thick,• Low overburden,• High yield.

SECTION A-A’


Cross Sections

14

• 6 miles from Tonopah in Big Smoky Valley,

• Proximity to Tonopah means paved roads,

electricity, water and skilled labor readily

available.

• Premier solar conditions translates to

cheaper power costs.

• Some of the lowest cost natural gas costs

in the world.

• Rail access for vital chemical inputs (soda

ash, limestone, sulfur).

• Gas line and rail 100 miles from the project.

• Within a well-known mining district with

producing mines.


Existing Infrastructure KeyAdvantage

15


Compliant Resource Statement ImminentNI 43-101 RESOURCE STATEMENT COMPLETED APRIL 2020. PROGRESSING TO PRELIMINARY ECONOMIC ASSESSMENT (PEA)

American Lithium – TLC Project Schedule

16

A history of building strong and profitable companiesincluding Osum Oil Sands Corp. During his tenurewith Osum, Mike oversaw the growth of the companyfrom start-up to a valuation of $500 million.

A venture capitalist with 30 years of experience in mineralexploration and development. He has raised over $250million in development capital and is the founder anddirector of Millennial Lithium Corp and other publiclytraded battery metal companies.

Over 30 years experience in resource development. Hewas part of the original executive team of Osum Oil SandsCorp, in which he was instrumental in creating the teamand helping raise over $1billon in private equity taking thecompany to commercial production.

Mechanical engineer with a science background andover 14 years of experience in research, energyoptimization, consulting, project management,construction management, and processdevelopment.

MIKE KOBLERCEO & Director

ANDREW BOWERINGCFO & Director

ANDREW SQUIRESDirector

GRAHAM BALLACHEYVice President of Engineering

GA Ben BinningerSenior Consultant

Over 20 years in mineral development including lithium,potash and boron. Ben also has extensive experiencecreating technically sophisticated process and servicecompanies. Former CCO for Rio Tinto Borax and wasmost recently on the advisory board of Millennial Lithium.He has taught international business management atUCLA, negotiated deals in every major country and is analumni of INSEAD.


Proven Leadership, Known Company Builders

17


Value Proposition Summary

Project Success18

TICKER MARKET CURRENCY MARKETCAP

SHAREPRICE

52 WEEKRANGE

SHARES INISSUE

TSX.V: Li TSXV CAD 141.18M 1.21 0.10-2.98 116.700M

Accessed 07 December 2020


Key Data

19

60% owned by management & insiders

Zero Debt

Key Stakeholders

Commodity Capital

Fischer Asset Management

Management Insiders:

www.americanlithium.com

TSX.V:LI | OTCQB:LIACF | Frankfurt:5la1

…Ensuring a sustainable America

Follow Us On

Documents

TSX.V:LI | OTCQB:LIACF | Frankfurt:5la1€¦ · 2020-04-15 · This presentation contains “forward-looking statements” within the meaning of applicable Canadian securities regulations