Company Overview:

American Lithium Corp. (TSXV: LI) is developing two of the world's largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support. 

As per the previous recommendation on LI on January 08, 2026, a ‘Speculative Buy’ rating was given on the stock at CAD 0.90, and noted below are the details of the recommendation summary provided in the previous report:

Technical Analysis summary as on January 08, 2026

Daily Chart

LI, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group

Considering the current trading levels and associated risks, it is prudent to close the position at the current levels. Hence, a ‘Sell’ rating has been provided on the stock at the Current Market price of CAD 0.90 as on January 22, 2026, 9:59 AM (GMT-5), Canada

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is as on January 22, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.  

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.