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The latest announcement is out from American Lithium ( (TSE:LI) ).
American Lithium Corp. has announced its decision to voluntarily delist its common shares from the Nasdaq Capital Market and deregister with the U.S. Securities and Exchange Commission. The company plans to maintain its listings on the TSX Venture Exchange and the Frankfurt Stock Exchange, and has applied for its shares to be quoted on the OTCQX Markets in the United States. This strategic move comes after the company failed to meet Nasdaq’s minimum bid price requirement, and it aims to continue facilitating a trading market for its shares in the U.S.
More about American Lithium
American Lithium Corp. operates in the mining industry, focusing primarily on the exploration and development of lithium projects. The company targets key markets where lithium demand is driven by its use in batteries, particularly for electric vehicles and energy storage solutions.
YTD Price Performance: -66.36%
Average Trading Volume: 820,996
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $82.58M
See more insights into LI stock on TipRanks’ Stock Analysis page.