Macusani Uranium S.A.C. agreed to acquire Friday's Dog Holdings Inc. (TSXV:FRDY) for CAD 28.8 million in a reverse merger transaction on June 6, 2023. FRDY will issue 80,000,000 post-Consolidation common shares in consideration of the issued and outstanding securities of Macusani Uranium. Management and Board of Directors of resulting issuer will consist of: Alex Tsakumis, Chief Executive Officer; Ted O?Connor, President; Philip Gibbs, Chief Financial Officer; Paul Charlish, VP-Finance and Corporate Secretary; Simon Clarke, Director; Laurence Stefan, Director; Cathy Fitzgerald, Director; Anthony Paterson, Director; and Steve Vanry, Director.

The transaction, is subject to a number of closing conditions including: the approval of the shareholders of each of American Lithium Corp. and FRDY; the approval of the Supreme Court of British Columbia; the approval of the TSX Venture Exchange and all other applicable third party and regulatory consents for the Transaction; FRDY having no less than CAD 5,000,000 in available cash of working capital prior to completion of the Concurrent Offering and after deducting the expenses associated with the Transaction; the completion of a consolidation of FRDY's outstanding share capital on the basis of one post-Consolidation common share for every four-and-one-half (4.5) pre-Consolidation shares; the completion of a concurrent brokered private placement of subscription receipts to raise gross proceeds of no less than CAD 15,000,000 being coordinated by a syndicate lead by Eight Capital and National Bank Financial and including TD Securities, Canaccord Genuity Corp.l and Clarkson Securities AS; the completion of the spin-out of Friday's Dog Inc., comprising the existing business of FRDY, to the shareholders; the change of FRDY?s name to ?International Uranium Corp.?; American Lithium shall have completed the Macusani Reorganization; and the reconstitution of the current board of directors and management of FRDY to consist of nominees of American Lithium. American Lithium Board of Directors unanimously approved the transaction.

Macusani Uranium S.A.C. cancelled the acquisition of Friday's Dog Holdings Inc. (TSXV:FRDY) on July 17, 2023. Friday's Dog Holdings has mutually agreed to terminate the transaction, following American Lithium's decision to postpone the ?spin out? of its Macusani Uranium Project due to current market conditions for new listings and the proposed concurrent offering. The Company and American Lithium consequently terminated the engagement letter with Eight Capital relating to the previously announced concurrent brokered offering of subscription receipts.