American Lithium plans to ‘spin-out’ Peruvian asset

American Lithium said it has made the decision to pursue a “spin-out” of its Macusani uranium project in Peru into an independent public company.

The company views a spin-out of the project into a stand-alone vehicle as the preferred route to generate value for American Lithium and its shareholders from the continued development of the large-scale uranium project.

Additionally, the spin-out will allow the Canadian-based company to concentrate its efforts on advancing its two premier lithium projects: TLC in Nevada (USA) and Falchani in southeastern Peru.

The restructuring of Macusani’s ownership is well advanced, and American Lithium said it anticipates being in a position to finalize the terms of the transaction in early 2023.

Macusani is a low-capex, large-scale pre-development stage uranium project containing significant measured, indicated and inferred uranium resources.

Source: American Lithium

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