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.