American Lithium Reveals Q1 Financials

American Lithium (TSE:LI) has released an update.

American Lithium Corp., in its unaudited condensed interim consolidated financial statements for the first quarter ending May 31, 2024, reported a decrease in cash and equivalents from CAD 11.89 million to CAD 8.97 million. Total assets decreased from CAD 173.59 million to CAD 167.92 million, while the company’s liabilities were slightly reduced. Key financial activities included exploration and evaluation expenditures and management fees, with a significant amount also allocated to share-based compensation.

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