American Lithium reports Q1 EPS (C$0.03) vs. (C$0.05) last year

Simon Clarke, CEO of American Lithium, commented, “The market backdrop remains challenging across the lithium sector; however, we have continued to make solid progress while prudently managing our working capital. Although prices in the uranium sector did consolidate somewhat during the quarter, commodity pricing remains at strong levels and uranium fundamentals continue to strengthen, suggesting sustained long-term strength in the sector. As the cycle evolves, our large-scale Macusani Uranium Project is well positioned to benefit.”