On May 11, American Lithium Corp. completed its acquisition of all of the issued and outstanding common shares of Plateau Energy Metals Inc. by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario), resulting in Plateau becoming a wholly-owned subsidiary of American Lithium. The merger combines two of the largest lithium development projects globally and creates an Americas-focused developer of energy metals.
Although an official trend has not been made yet for the company's stock, with this merger, there is a high probability that in the upcoming months we could see a trend form and its shares rise dramatically.