AMERICAN SALARS Closes Private Placement for CAD $175,000
VANCOUVER, BC — February 20, 2026 — Leads & Copy — AMERICAN SALARS LITHIUM INC. (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) has announced the closing of a non-brokered private placement, generating gross proceeds of CAD $175,000. The funds were raised through the issuance of 1,666,666 units priced at $0.105 each.
Each unit comprises one common share and one common share purchase warrant. The warrant allows the holder to buy one additional common share at $0.14 per share within 24 months from the issuance date.
The company plans to use the net proceeds to further its exploration programs and for general working capital.
Securities issued under the private placement will be subject to a statutory hold period of four months and one day from the issuance date, following applicable securities laws.
American Salars Lithium focuses on exploring and developing high-value battery metals projects for the electric vehicle market.
R. Nick Horsley, CEO, confirmed the announcement on behalf of the Board of Directors.
American Salars Lithium Inc. can be contacted at 604.740.7492 or via email at info@americansalars.com for further information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the accuracy of this release.
Source: AMERICAN SALARS LITHIUM INC.
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