American Lithium posts Q1 loss as it cites loss on Surge share sales and higher share-based compensation

• For the three months ended May 31, 2026, net loss was CAD 4.07 million versus net income of CAD 2.44 million a year earlier.
• Results swung mainly on investment-related items tied to Surge, including a realized loss on selling 11,795,500 shares versus a prior-year gain.
• The prior-year quarter also benefited from a CAD 2.81 million gain on initial recognition of marketable securities that did not recur.
• Costs rose on share-based compensation, largely tied to a September 2025 incentive grant, versus a prior-year reversal from forfeited PSUs.
• Working capital fell to CAD 6.29 million from CAD 9.46 million, reflecting lower cash and a reduced short-term investment balance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Lithium Corp. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.