07:56 AM EDT, 07/14/2025 (MT Newswires) -- American Lithium ( AMLIF ) said Monday that it is raising up to $8.1 million in a private placement of 30 million units priced at $0.27 apiece.

Each unit comprises one share and one warrant. Each warrant can be exercised at $0.50 per share for 36 months.

American Lithium ( AMLIF ), which is advancing the TLC claystone lithium project in Nevada and two projects in Peru, plans to use the proceeds for working capital and general corporate purposes.

The company's share price fell 4% on Friday to $0.36 on the TSXV.