American Lithium to Spin Out Giant Uranium Asset After Legal Win

VANCOUVER, British Columbia – December 16, 2025 – American Lithium Corp. has announced a landmark strategic move to spin out its Macusani Uranium Project into a new, independent public company. The decision follows a decisive legal victory that secured full control over the project's concessions in Peru, ending a seven-year period of uncertainty. This strategic pivot is timed to capitalize on a robust and growing global uranium market, aiming to unlock the full value of what is considered one of the world's largest undeveloped uranium deposits for its shareholders.

A Decisive Legal Victory Paves the Way

The foundation of this strategic initiative is the recent and final resolution of a long-standing legal dispute. On December 3, 2025, American Lithium confirmed that its Peruvian subsidiary, Macusani Yellowcake S.A.C., was officially notified of Resolution No. 24 by the Sixth Permanent Court of Lima. This ruling definitively restored and consolidated the legal security of 32 mining concessions that were at the heart of the judicial process.

The court's action enforces a final judgment after higher courts, including Peru's Supreme Court, declared appeals filed by government bodies INGEMMET (the Geological, Mining and Metallurgical Institute) and the Ministry of Energy and Mines (MINEM) as inadmissible. With all avenues for appeal now exhausted, the project operates under a framework of complete legal stability. This victory marks a critical de-risking event, transforming Macusani from a legally encumbered asset into a fully secured, development-ready project. Alex Tsakumis, Interim CEO of American Lithium, stated that the court order provides the "final legal clarity" the company had been seeking, ordering immediate administrative compliance.

Riding the Wave of a Resurgent Uranium Market

The timing of the spin-out is no coincidence. It aligns perfectly with what industry analysts and company leadership identify as an "emerging uranium bull market." A global push toward decarbonization and energy security has reignited interest in nuclear power as a reliable, carbon-free energy source. This has led to "continued strength in uranium pricing, increasing utility contracting, and growing global emphasis on long-term nuclear fuel security," according to the company.

By creating a standalone uranium entity, American Lithium is positioning its shareholders to gain direct exposure to this upswing. "By transitioning the project into a stand-alone uranium company, we believe this will provide our shareholders with exceptional leverage to the emerging uranium bull market,” Tsakumis noted in the announcement. This new, pure-play company will be able to attract a dedicated base of energy and commodity investors who are specifically looking to capitalize on the nuclear renaissance, separate from those focused on the battery metals space.

Unleashing a World-Class Asset

At the center of this new venture is the Macusani project itself, an asset described by Tsakumis as a "prospective company-maker." Located in the Puno region of southeastern Peru, it is widely recognized as the largest undeveloped uranium project in Latin America. The project's potential was previously outlined in a 2018 Preliminary Economic Assessment (PEA), which projected a robust operation with a post-tax net present value (NPV) of $603 million and a high internal rate of return (IRR) of 41%. That study was based on a significant resource that included 51.9 million pounds of indicated U₃O₈ and 72.1 million pounds of inferred U₃O₈.

To build on this foundation and reflect current market conditions, American Lithium has already commissioned updated technical studies. Deloitte Mining Technical Advisory and DRA Global Limited, both highly respected firms in the resource sector, are advancing a new Mineral Resource Estimate (MRE) and an updated PEA. With data secured and site visits complete, the results are anticipated in the first quarter of 2026 and are expected to further solidify the project's world-class standing and provide the new company with a strong technical foundation upon its launch.

A Strategic Split for Focused Growth

The spin-out represents a calculated corporate restructuring designed to create two more focused and agile companies. While the new entity will concentrate on bringing the Macusani uranium project toward production, American Lithium Corp. will become a pure-play lithium developer, dedicating its full resources and management attention to its two flagship lithium assets. These include the TLC claystone lithium project in Nevada and the Falchani hard-rock lithium project, also located in Peru.

Falchani is itself a globally significant asset, with a 2023 resource update showing a massive 476% increase in its Measured and Indicated lithium resources, making it one of the largest hard-rock lithium deposits in the world. This strategic separation is intended to allow the market to value each asset class—lithium and uranium—independently, potentially unlocking shareholder value that may have been obscured within the combined entity. It provides investors with a clear choice between two distinct investment theses: one focused on the burgeoning battery metals market for electric vehicles and energy storage, and the other on the resurgent nuclear energy sector.

The Path Forward

While the strategic direction is clear, the execution of the spin-out is still in its early stages. The company has cautioned that the plan is subject to the completion of complex tax, corporate, and securities structuring work. The final terms and structure of the transaction will be announced as they are finalized. Ultimately, the completion of the spin-out will hinge on securing necessary approvals from both shareholders and regulatory bodies, including the TSX Venture Exchange. There is no firm timeline for completion, but the initiation of the process marks a pivotal moment for American Lithium and signals the potential emergence of a significant new player in the global uranium supply chain.