American Salars Lithium to Settle Outstanding Debt
VANCOUVER, BC — March 13, 2026 — Leads & Copy —
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) has arranged to settle outstanding indebtedness of $129,000.00.
The company plans to settle the debt by issuing 600,000 common shares at a price of $0.215 per share, according to a news release. The securities issued will be subject to a four-month and one-day hold from the date of issuance.
The debt settlement is subject to the approval of the CSE. This settlement includes $43,000 owed to the management company of CEO Nick Horsley, making it a related party transaction under Multilateral Instrument 61-101.
American Salars intends to rely on exemptions from formal valuation and minority approval requirements of MI 61-101, based on the determination that the fair market value of the debt settlement does not exceed 25% of the company’s market capitalization.
American Salars Lithium is focused on exploring and developing high-value battery metals projects for the electric vehicle market.
R. Nick Horsley, CEO, made the announcement on behalf of the Board of Directors.
Source: American Salars Lithium
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