American Lithium Corp.
AMLIF · Metal Mining · EDGAR filings ↗
Grade
D50Pre-revenue lithium developer with a strong current ratio but a dangerously short cash runway.
Strengths
- Current/quick ratio 6.2 (85th pct) — low near-term obligations
- Net income growth 45th pct; sizable resource projects (Falchani/Macusani, TLC)
Risks
- Cash runway only ~2.0 quarters (31st pct) with ~$9M cash — near-term financing/dilution risk
- Negative ROA (-23%) and ROE (-24%); FCF -$18M with no revenue
Notable findings
- Cash burnNegative free cash flow (-17.9M)
Key metrics
Return on equity
-23.6%
Return on assets
-23.0%
Current ratio
6.2×
Free cash flow
-$18M
Tangible book value
$128M
Cash & investments
$9M
Cash runway
2q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2024-05-30 | 2024-02-29 | 0001062993-24-011461 ↗ |
| 40-F | 2023-05-30 | 2023-02-28 | 0001171843-23-003618 ↗ |