American Lithium prepares for market recovery

TSX-V-listed American Lithium is strategically positioning itself for an anticipated recovery in the lithium market, despite facing significant challenges due to a steep drop in lithium prices.

In a shareholder letter on Friday, newly appointed interim CEO Alex Tsakumis stressed the company's commitment to advancing its projects and adapting to the current market landscape, which has seen lithium prices plummet from a peak of $85 000/t to about $10 000/t.