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American Salars Lithium approves new directors and plans private placements up to 10 million units.

Company Fundamentals
13 Nov 2026, 03:53 WIB
TheNewswire
View Source
Neutral
American Salars Lithium approves new directors and plans private placements up to 10 million units.

At its AGM on November 9, 2026, American Salars Lithium approved setting the board at three directors, appointing Nick Horsley, Rod Campbell, and Chris Cooper, and reappointing Baker Tilly WM LLP as auditors. Shareholders also approved private placements of up to 10 million units, each including a common share and possibly a warrant to buy additional shares. These moves aim to support the company's exploration and development of battery metals for the electric vehicle market. The company cautions that private placements depend on market conditions and regulatory approvals.

American Salars AGM results provide context for readers interested in Basic Materials. For readers following this sector, here is Pluang's market snapshot as of Nov 13, 2026 08:02 WIB: out of 83 priced Basic Materials-sector US stocks, 9 rose and 73 fell. AngloGold Ashanti Limited (AU) traded at USD 87.92 with a 1-day change of -4.43%.

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