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American Lithium ( (TSE:LI) ) just unveiled an announcement.
American Lithium Corp. has announced an increase in its non-brokered private placement due to significant interest, now offering up to 34,814,815 units at $0.27 per unit, aiming to raise up to $9.4 million. This move, subject to regulatory approvals, reflects strong market interest and could bolster the company’s financial position, potentially enhancing its ability to advance its lithium and uranium projects.
Spark’s Take on TSE:LI Stock
According to Spark, TipRanks’ AI Analyst, TSE:LI is a Underperform.
American Lithium faces substantial financial challenges, as evidenced by persistent losses and negative cash flows. Despite a positive corporate event indicating a boost in measured resources, the company’s current financial instability and technical indicators suggest caution. The negative valuation metrics further reflect the company’s ongoing profitability issues.
To see Spark’s full report on TSE:LI stock, click here.
More about American Lithium
American Lithium is a company focused on developing two of the world’s largest advanced-stage lithium projects and the largest undeveloped uranium project in Latin America. Their projects include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project, and the Macusani uranium deposit in southern Peru. These projects have undergone robust preliminary economic assessments and show significant expansion potential with strong community support.
Average Trading Volume: 148,312
Technical Sentiment Signal: Sell
Current Market Cap: C$90.38M
Find detailed analytics on LI stock on TipRanks’ Stock Analysis page.