AMERICAN LITHIUM WKN: A2DWUX ISIN: CA0272592092 Kürzel: 5LA1 Forum: Aktien Thema: Hauptdiskussion
VANCOUVER, BRITISH COLUMBIA, August 27, 2024 – American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) announces the resignation of Simon Clarke as Chief Executive Officer (“CEO”) and Director of the Company effective September 1, 2024. Mr. Clarke is stepping down to pursue other interests but will continue to assist the Company in an advisory role. Alex Tsakumis, who has served on the Board of Directors since 2022, will assume the role of Interim CEO. Mr. Tsakumis is a seasoned mining executive who has worked in the mining sector for over 30 years. He has been involved in exploration, development and production projects throughout his career with deep knowledge and understanding of all aspects of the sector including capital markets and governance. Andy Bowering, Executive Chairman comments, “On behalf of the Board of Directors, I would like to thank Simon for his dedication and service to the Company during his tenure and wish him the very best and every success in his future endeavors.” The Company would also like to announce that pursuant to the news release of March 13, 2024, it has applied for an additional 180-days’ notice (“extension”) from the Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the Minimum Bid Price Rule (“Minimum Bid”) of US$1.00 per share under Nasdaq’s Listing Rule 5550(a)(2). The extension has no immediate effect on the listing or trading of the Company’s common shares (the “Shares”) on Nasdaq, or the operations of the Company. If the extension is granted, the Company would have an additional 180 calendar days to regain compliance with the Minimum Bid, during which time the Shares would continue to trade on Nasdaq. The extension remains subject to approval of Nasdaq and does not have any impact on the listing of the Shares on the TSX Venture Exchange.
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| 1 | AMERICAN LITHIUM Hauptdiskussion | ||
| 2 | American Lithium News only | ||
| 3 | American Lithium |
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