American Lithium Receives NASDAQ Notice of Minimum Price Deficiency and Clarifies Previous Engagement with New Era Publishing Inc.

VANCOUVER, British Columbia, March 13, 2024 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) has received written notification (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) on March 8, 2024, indicating that the Company is not in compliance with the minimum bid price requirement of US$1.00 per share under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Company’s common shares for the thirty consecutive business days from January 25, 2024 to March 7, 2024.