TSXv.Li EXPLORATION AND DEVELOPMENT OF LITHIUM DEPOSITS THROUGHOUT THE AMERICAS Investor Presentation | May 2018
FORWARD LOOKING STATEMENTS This presentation may include statements which, other than statements of historical facts, may be considered "forward – looking st atements“. These may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of lithium or other metal prices, the estimation of mineral resources, the timing and amount of future production, costs of production, capital, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and timing and possible outcome of regulatory matters. Often, but not always, forward – looking statements can be identified by the use of words such as "plans", "expects", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward – looking, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and assumptions, and are not guarantees of future performance and actual results may differ materially from those expressed in the forward – looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities, actual results of reclamation activities; conclusions of economic evaluations; currency fluctuations; changes in project parameters as plans continue to be refined; changes in labour costs or costs of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, cave – ins, pit – wall failures, flooding, rock bursts and other acts of God or unfavourable operating conditions and losses, detrimental events that interfere with transportation of lithium, including declaration of Force Majeure events, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward – looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward – looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward – looking statements. Michael Collins, P.Geo. is the Q.P. as defined in National Instrument 43-101 and based on standards established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), who has reviewed and approved the technical contents of this presentation. 2 americanlithiumcorp.com
INVESTMENT HIGHLIGHTS Actively engaged in the acquisition, exploration and development of strategically located lithium projects in mining-friendly jurisdictions around the globe . Experienced team successfully built major oil sands company Financial Information (2018.05.15) from inception to over $2Bil producing commercial entity and has Share price $0.28 been instrumental in the development of a major Lithium brine 52 week high / low $0.16-0.55 project in Argentina. Shares Outstanding 35,910,672 Stock Options 3,550,000 Rapidly acquiring large & robust lithium brine portfolio Warrants 27,303,898 Fully Diluted 66,764,570 Over 18,0000 acres (7,200 hectares) in Nevada Cash Position CAD$2.7 Mil Market Capitalization $10,082,988 Have drilled 4 sonic holes to 500’ at opposite ends of property, and completed initial geophysical basin study with phase 2 basin model underway. 55 near-surface samples from Central North Playa averaged 150mg/L and ranged from 100 - 300mg/L. Lean share structure: ~35.9 million shares outstanding, ~66.7M fully-diluted Established strategic financing partnerships with experienced industry participants 3 americanlithiumcorp.com
RAPID GROWTH IN LITHIUM DEMAND Lithium Demand Grew at 8% CAGR & Expected to Application Lithium Carbonate Content Grow at 14% Going Forward Cell Phone 3 grams ~ 0.1 oz Notebook 30 grams ~ 1.0 oz Power Tool 30-40 grams ~ 1.0-1.4 oz Hybrid (HEV) 3wkWh 3.5 lbs Plug-in Hybrid (PHEV) 26 lbs 15kWh Electrical Vehicle (BEV) 44 lbs 25kWh Tesla 85 kWh 112 lbs Grid Storage Potential Demand Cloud Exceed Electric Vehicle 4 americanlithiumcorp.com
FISH LAKE VALLEY NEVADA Fish Lake Valley Over 18,000 acres Fish Lake Valley project lithium brine located 38 km from Albemarle's Silver Peak (Clayton Valley) Our nearest neighbour is the Global Geoscience Lithium Claystone project, and just one valley away is the oldest & largest lithium mine in the U.S. at Clayton Valley 3.5 hr. from Tesla Gigafactory 5 americanlithiumcorp.com
FISH LAKE VALLEY NEVADA One of the most promising & largely undeveloped lithium brine basins in North America Dominant land holder with over 18,000 contiguous acres Historic Boron Mine – North Playa (circa 1880 at 4 tons daily). Known & well understood lithium brine basin - Phase 1 Exploration Programs completed 2009-2015 included drilling & detailed gravity survey. Geological and geophysical characteristics analogous to Clayton Valley basin located to the southeast. North Playa Phase 2 Exploration Program completed 4 holes to 500’ and 214 near -surface brine samples. Completed preliminary Geological Model of North and South Playas and surrounding hills. Confirmed gravity low. Commencing model refinement in preparation for 2018 drill program. 6 americanlithiumcorp.com
NORTH PLAYA Highlights 214 shallow brine samples collected and assayed Li values ranging from trace to 300 mg/l 55 samples from center of north playa range from 100mg/l to 300mg/l 3 sonic drill hole up to 500 feet drilled with 13A showing a sodium spike at bottom Completed Phase 1 addition mapping and geophysics for Basin model Completed initial extraction tests on the North Playa shallow sedimentary clays 7 americanlithiumcorp.com
SOUTH PLAYA Q2 2016 - Acquired South Playa (2,882 acres) 69 placer claims 19 association placer claims Two bore holes Located in a desert basin that exhibits similar geological and geophysical <500’ not tested at depth characteristics to Clayton Valley where lithium brines accumulate in faulted sub- basins, or "traps“. Map shows depth contours (200 m) and major faults. Additional gravity work Field mapping: expand basin model 8 americanlithiumcorp.com
EXTENSIVE HISTORIC EXPLORATION National Instrument 43-101 titled Technical Report, Fish Lake Valley Lithium - Brine Property, Esmeralda County, Nevada, Nov 30, 2015* In-Sediment Concentrations: Brines tested to-date also contain anomalous concentrations of Lithium 116 ppm to 1040 ppm (average 540.7 ppm) Boron 110 ppm to 4070 ppm (average 1772 ppm) Lithium Potassium TBD ? ranging from 0.81 mg/L to 150 mg/L Magnesium 0.35% to 6.37% (average 2.09%) Boron from <1 mg/L to 2670 mg/L Potassium TBD ? Magnesium from 0.116 mg/L to 41.5 mg/L Handbook of Lithium and Natural Calcium Chloride – Their Deposits, Processing, Uses and Properties. Garrett, Donald E., 2004; Elsevier Academic Press. * The detailed disclosure contained in the NI 43-101 Technical Report is hereby incorporated in summary by reference in this presentation. The full text of the Technical Report may be accessed online under the SEDAR profile of Lithium Corp. at www.sedar.com 9 americanlithiumcorp.com
3 POTENTIAL SOURCES OF LITHIUM Brine Pegmatite Sedimentary Lithium Carbonate Spodumene Concentrate Lithium Carbonate Mine Product (Li 2 CO 3 ) (6% Li 1 O) (Li 2 CO 3 ) Value of Mine Product 8000 600 8000 Long Term Price ($/t) 500-1---ppm Li 4500-7000pm 1500-3000ppm Li Typical Grade (0.1-0.2% Li 2 O) 1.0-1.5% Li 2 O (0.4-0.6% Li 2 O) Estimated Cash Costs Target 2500-4000 6000+ ($/tonne Li 2 CO 3) 3500-4500* Mining Crushing and Grinding Mining Pumping Concentration Crushing Basic Steps to Produce Evaporation Lithium Carbonate Crystallization Shipping Acid Leaching Crystallization Precipitation Roasting and Precipitation Acidification Regional sedimentary clays may also have Boron co-product of similar value Source: Global Geosciences 10 americanlithiumcorp.com
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