American Lithium Corp., a mining company operating in Canada, has recently announced a significant leadership change. As of February 3, 2026, Alex Tsakumis has been appointed as the company’s chief executive officer, effective from late January. Tsakumis, who has been serving as interim CEO since September 2024 and has been a board member since 2021, brings over three decades of experience in the mining sector and public markets leadership to his new role.
The company, based in Vancouver and listed on the TSX Venture Exchange, focuses on exploring and producing metals and minerals. Under Tsakumis’s interim leadership, American Lithium Corp. has made notable strides, including securing financing, strengthening governance, and advancing exploration projects in Peru and Nevada. These accomplishments have been highlighted by the company as key factors in his appointment as CEO.
In addition to leadership changes, the board of American Lithium Corp. has approved the cancellation of a large number of previously granted stock options. This decision is part of the company’s ongoing efforts to streamline its operations and governance structure.
American Lithium Corp. is actively developing advanced lithium projects in Nevada and Peru, alongside a significant uranium project in the same region. The company maintains a strategic focus on expanding its resource portfolio and enhancing community support. These initiatives are central to its long-term growth strategy.
Financially, American Lithium Corp. has experienced fluctuations in its stock price. As of February 5, 2026, the close price was CAD 0.7, with a 52-week high of CAD 1.29 on October 9, 2025, and a 52-week low of CAD 0.29 on April 6, 2025. The company’s market capitalization stands at CAD 178,970,000, with a price-to-earnings ratio of -19.19, reflecting its current financial position.
The announcement of Tsakumis’s appointment and the stock option cancellations was disseminated through a company press release and reported by several financial news outlets, underscoring the significance of these developments for American Lithium Corp. and its stakeholders.
