- American Lithium Corp. (LI) has obtained approval to list its common shares on the Nasdaq Capital Market
- The shares of the company are expected to start trading on Nasdaq at the open of markets on Tuesday, January 10, 2023, under the symbol “AMLI”
- Concurrently with the listing on Nasdaq, the common shares will cease to be quoted on the OTCQB Venture Market but will continue to trade on the TSX Venture Exchange
- American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas
- American Lithium Corp. opened trading at C$2.81
American Lithium Corp. (LI) has obtained approval to list its common shares on the Nasdaq Capital Market.
Common shares of the company are expected to start trading on Nasdaq at the open of markets on Tuesday, January 10, 2023, under the symbol “AMLI.”
The company’s common shares will cease to be quoted on the OTCQB Venture Market but will continue to trade on the TSX Venture Exchange.
“We are very pleased to be joining Nasdaq as this listing marks a major milestone for the company and is a testament to the dedication and hard work of our team,” said Simon Clarke, CEO of American Lithium.
“We are confident this listing will elevate American Lithium’s profile in the United States capital markets by providing greater visibility and exposure to a broader institutional and retail investor base,” he added.
The Nasdaq listing does not include any capital raising, as American Lithium currently has a cash balance of approximately $34 million and is fully financed for its activities and work programs this year.
Existing shareholders will be able to trade the company’s common shares on Nasdaq following completion of the listing.
The company’s listing on Nasdaq remains subject to satisfaction of all applicable listing and regulatory requirements, including, but not limited to, the declaration of effectiveness of the company’s Form 40-F Registration Statement registering the common shares with the United States Securities and Exchange Commission.
American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas
American Lithium Corp. opened trading at $2.81.