AMLM Announces Conversion of Worldwide Diversified Holdings, Inc. Note into Common Shares, Strengthening Balance Sheet and Expanding Shareholder Base
https://www.globenewswire.com/news-release/20...-base.html
CARSON CITY, Nev., Oct. 07, 2026 (GLOBE NEWSWIRE) -- American Lithium Minerals Inc. (OTC: AMLM) today announced that Worldwide Diversified Holdings, Inc. (“Worldwide”) has agreed to convert its outstanding note into AMLM common shares. Under the agreed structure, Worldwide will facilitate an initial transfer of one AMLM common share for every ten Worldwide common shares, scheduled to be completed in the fourth quarter, advancing AMLM’s capital-markets strategy.
Transaction Overview
Debt-to-Equity Conversion: Worldwide will convert its outstanding note into AMLM common stock, eliminating the associated debt from AMLM’s balance sheet.
Shareholder Base Expansion: The conversion and subsequent share distribution will increase AMLM’s shareholder count to more than 500 holders, satisfying a key shareholder-distribution requirement for uplisting to a major national securities exchange.
Alignment of Interests: Worldwide’s conversion reflects long-term confidence in AMLM’s operational strategy, governance, and capital-markets trajectory.
Strategic Rationale
Strengthened Balance Sheet: The conversion reduces leverage and improves AMLM’s financial profile ahead of planned acquisitions and development initiatives.
Uplisting Readiness: Achieving the 500-shareholder threshold is a critical milestone in AMLM’s uplisting roadmap, complementing ongoing audit, governance, and reporting enhancements.
Enhanced Market Positioning: A broader shareholder base supports improved liquidity, institutional visibility, and long-term value creation.
Management Commentary
Frank Kristan, the Company’s President commented:
“Worldwide’s decision to convert its note into AMLM common equity is a meaningful endorsement of our strategy and a transformative step in our uplisting preparation. This transaction strengthens our balance sheet, expands our shareholder base, and positions AMLM for the next phase of growth.”
AMLM will coordinate with its legal, audit, and capital-markets advisors to finalize all required filings, complete shareholder updates, and advance the company’s uplisting readiness initiatives.
https://www.globenewswire.com/news-release/20...-base.html
CARSON CITY, Nev., Oct. 07, 2026 (GLOBE NEWSWIRE) -- American Lithium Minerals Inc. (OTC: AMLM) today announced that Worldwide Diversified Holdings, Inc. (“Worldwide”) has agreed to convert its outstanding note into AMLM common shares. Under the agreed structure, Worldwide will facilitate an initial transfer of one AMLM common share for every ten Worldwide common shares, scheduled to be completed in the fourth quarter, advancing AMLM’s capital-markets strategy.
Transaction Overview
Debt-to-Equity Conversion: Worldwide will convert its outstanding note into AMLM common stock, eliminating the associated debt from AMLM’s balance sheet.
Shareholder Base Expansion: The conversion and subsequent share distribution will increase AMLM’s shareholder count to more than 500 holders, satisfying a key shareholder-distribution requirement for uplisting to a major national securities exchange.
Alignment of Interests: Worldwide’s conversion reflects long-term confidence in AMLM’s operational strategy, governance, and capital-markets trajectory.
Strategic Rationale
Strengthened Balance Sheet: The conversion reduces leverage and improves AMLM’s financial profile ahead of planned acquisitions and development initiatives.
Uplisting Readiness: Achieving the 500-shareholder threshold is a critical milestone in AMLM’s uplisting roadmap, complementing ongoing audit, governance, and reporting enhancements.
Enhanced Market Positioning: A broader shareholder base supports improved liquidity, institutional visibility, and long-term value creation.
Management Commentary
Frank Kristan, the Company’s President commented:
“Worldwide’s decision to convert its note into AMLM common equity is a meaningful endorsement of our strategy and a transformative step in our uplisting preparation. This transaction strengthens our balance sheet, expands our shareholder base, and positions AMLM for the next phase of growth.”
AMLM will coordinate with its legal, audit, and capital-markets advisors to finalize all required filings, complete shareholder updates, and advance the company’s uplisting readiness initiatives.
