American Lithium posts Q1 loss as it cites loss on Surge share sales and higher share-based compensation
Reuters2026/07/29 23:09- For the three months ended May 31, 2026, net loss was CAD 4.07 million versus net income of CAD 2.44 million a year earlier.
- Results swung mainly on investment-related items tied to Surge, including a realized loss on selling 11,795,500 shares versus a prior-year gain.
- The prior-year quarter also benefited from a CAD 2.81 million gain on initial recognition of marketable securities that did not recur.
- Costs rose on share-based compensation, largely tied to a September 2025 incentive grant, versus a prior-year reversal from forfeited PSUs.
- Working capital fell to CAD 6.29 million from CAD 9.46 million, reflecting lower cash and a reduced short-term investment balance.
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