American Salars Completes Acquisition of Hardrock LCT Pegmatite Property

American Salars Completes Acquisition of Hardrock LCT Pegmatite Property

(TheNewswire)

VANCOUVER, BC TheNewswire - SEPTEMBER 30, 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI,OTC:USLIF, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces t hat pursuant the to a share purchase agreement ("144 Agreement") dated for reference February 17, 2025, announced February 18, 2025, it has completed the acquisition of 100% of the issued and outstanding common shares of 1447377 BC Ltd. ("1447377"), a private BC company that owns a 100% interest in the Hardrock LCT Pegmatite Property (the "Property"). The Property consists of 10 mineral claims covering 18,083 hectares, located in the JaguaribeSolonópole region in the State of Ceará, in Northern Brazil.

In accordance with the 144 Agreement, American Salars issued 3,500,000 units (the "Units") in the capital of the Company, at a deemed price of $0.07 per unit, in exchange for all the issued and outstanding common shares of 1447377 (the "Transaction"). Each Unit will consist of one common share in the capital of the Company and one transferrable common share purchase warrant entitling the holder to purchase one additional Company Share for $0.20 for a period of three years from the date of issuance.

All securities issued pursuant to the Transaction, are subject to a statutory hold period of four months and one day following the date of issuance as required under applicable securities legislation.

MI 61-101 Disclosure – Acquisition

Mr. Nick Horsley, CEO of the Company, is a director of 1447377 BC Ltd. and an indirect shareholder of 1447377 BC Ltd. and, as such, the acquisition is a related-party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The acquisition is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101 as the Company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration to be issued pursuant to the acquisition will not exceed 25 per cent of the company's market capitalization. The Company's two independent board members had due diligence conducted by Mitchell Lavery who reviewed the available geological information to determine if the Company should acquire the property.

ABOUT AMERICAN SALARS

American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.

All Stakeholders are encouraged to follow the Company on its social media profiles on , , TikTok , and Instagram .

On Behalf of the Board of Directors,

" R. Nick Horsley "

R. Nick Horsley, CEO

For further information, please contact:

American Salars Lithium Inc.
Phone: 604.740.7492
E-Mail: info@americansalars.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

USLI:CC
The Conversation (0)
American Salars Lithium (CSE:USLI)

American Salars Lithium

American Salars Lithium is building a diversified portfolio of lithium assets across the Americas

American Salars Lithium is building a diversified portfolio of lithium assets across the Americas Keep Reading...
AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON

AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON

American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY ) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person. Dr. King is a hydrogeologist with 30+... Keep Reading...
American Salars Starts Sampling at 100% Owned Brazilian LCT Pegmatite Project, with Past Samples Hitting 3.72% Li2o and Significant Ree Values

American Salars Starts Sampling at 100% Owned Brazilian LCT Pegmatite Project, with Past Samples Hitting 3.72% Li2o and Significant Ree Values

(TheNewswire) VANCOUVER, BC TheNewswire - MAY 7 th 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces that it has commenced a Phase 2 sampling program on its 100% owned, highly prospective 18,083 Hectares (180 sq km)... Keep Reading...
American Salars Signs Letter Of Intent To Acquire Cauchari Lithium Brine Project, Argentina

American Salars Signs Letter Of Intent To Acquire Cauchari Lithium Brine Project, Argentina

VANCOUVER, BC MAY 1 st 2025 TheNewswire - American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces it has signed a Letter of Intent ("LOI") with an arms length Vendor to acquire a 100% interest in the Cauchari Minas Ines 01... Keep Reading...
AMERICAN SALARS LITHIUM PORTFOLIO HEDGED AMID TRUMP TARIFF CONCERNS

AMERICAN SALARS LITHIUM PORTFOLIO HEDGED AMID TRUMP TARIFF CONCERNS

(TheNewswire) VANCOUVER, BC TheNewswire - MARCH 12 th 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) states its commitment to strengthening the United States lithium supply, a critical mineral essential for electric... Keep Reading...
AMERICAN SALARS TO EXPAND ITS POCITOS PROJECT BY 1,635% TO 13,880 HECTARES IN ARGENTINA'S LITHIUM TRIANGLE

AMERICAN SALARS TO EXPAND ITS POCITOS PROJECT BY 1,635% TO 13,880 HECTARES IN ARGENTINA'S LITHIUM TRIANGLE

American Salars Lithium INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces it has entered into a Letter Of Intent Agreement (the "Agreement") with an arm's length vendor to acquire up to 100% of the Salar De Pocitos Project (the "Project")... Keep Reading...
Despatch of SPP Offer Documents

Despatch of SPP Offer Documents

Jindalee Lithium (JLL:AU) has announced Despatch of SPP Offer DocumentsDownload the PDF here. Keep Reading...
Collie land acquisition & approvals move ahead

Collie land acquisition & approvals move ahead

International Graphite (IG6:AU) has announced Collie land acquisition & approvals move aheadDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

New Age Exploration (NAE:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
VanadiumCorp Provides Overview of Lac Laura Gold Property

VanadiumCorp Provides Overview of Lac Laura Gold Property

(TheNewswire) Vancouver, British Columbia TheNewswire October 20, 2025 VanadiumCorp Resource Inc. (TSX-V: VRB | FSE: NWNA | OTC: VRBFF) ("VanadiumCorp" or the "Company") is pleased to provide an overview of its wholly owned Lac Laura Property, located in Lévy Township near Chapais, Québec. The... Keep Reading...
Surface Metals Inc. Announces Private Placement Financing

Surface Metals Inc. Announces Private Placement Financing

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the "Company", or "Surface Metals") announced today a non-brokered private placement financing of up to 4,000,000 units (the "Units") at $0.20 CAD per Unit for aggregate gross proceeds of up to $800,000 CAD (the "Offering"). Each Unit will... Keep Reading...
SAGA Metals Featured in 'The Northern Miner' as Drilling Preparations Continue at Radar Project in Labrador

SAGA Metals Featured in 'The Northern Miner' as Drilling Preparations Continue at Radar Project in Labrador

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to announce that preparations are underway for Phase 1 of the 2025–2026 drill program at the Trapper Zone on its... Keep Reading...

Latest Press Releases

Related News