American lithium arranges $7,160,000 strategic investment in surge battery metals

Vancouver, british columbia, june 01, 2023 (globe newswire) -- american lithium corp. (“american lithium” or the “company”) (tsx-v:li | nasdaq:aml| frankfurt:5la1) announces that it has arranged a strategic investment for surge battery metals inc. (“surge”) to be completed by way of non-brokered private placement (the “private placement”) of up to 17,900,000 units (the “units”) of surge at a price of $0.40 per unit. each unit will consist of one common share and one share purchase warrant exercisable for a period of three years at a price of $0.55 per share.
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