https://www.globenewswire.com/news-release/20...-2026.html
CARSON CITY, Nev., Sept. 30, 2026 (GLOBE NEWSWIRE) -- American Lithium Minerals, Inc. (OTC: AMLM) today announced that it has successfully completed its PCAOB-standard financial audit, marking a major milestone in the Company’s capital-markets strategy. With audited financials now finalized, AMLM confirms its intention to uplist to the OTCQB Venture Market in the fourth quarter of 2026.
Audit Completion and OTCQB Eligibility
The Company’s completion of a full PCAOB audit satisfies one of the core eligibility requirements for OTCQB, including:
Audited annual financial statements prepared in accordance with U.S. GAAP
Current SEC-equivalent reporting compliance
Minimum bid price and corporate governance standards
This achievement positions AMLM to transition from the OTC market to OTCQB, a tier recognized for higher reporting transparency and investor-focused disclosure.
Strategic Advantages of Uplisting to OTCQB
Uplisting to OTCQB is expected to provide AMLM with several material benefits:
Enhanced Credibility — OTCQB issuers must meet stringent financial reporting and governance standards, improving institutional and investor confidence.
Greater Market Visibility — OTCQB companies receive expanded market data distribution, including real-time quotes through major financial platforms.
Improved Liquidity — The OTCQB tier historically supports higher trading liquidity due to increased investor access and transparency.
Broader Investor Base — Many U.S. and international brokers permit trading of OTCQB securities but restrict OTC securities.
Strengthened Capital-Markets Positioning — OTCQB status supports future financing initiatives, strategic partnerships, and potential uplisting to senior exchanges.
Management Commentary
President Frank Kristan stated: “Completing our PCAOB audit is a foundational step in strengthening the company’s financial reporting and governance. Uplisting to OTCQB in the fourth quarter will significantly expand our visibility, credibility, and access to capital as we advance our critical-minerals portfolio.”