STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

Alpha Lithium Achieves Milestone 4,540 mg/L from Direct Extraction Program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) has reported successful results from its Direct Lithium Extraction (DLE) studies at the Tolillar Salar in Argentina. The initial DLE tests yielded a lithium concentration of 4,540 mg/L with minimal impurities. The company aims to produce lithium carbonate and lithium hydroxide in future trials. DLE is expected to enhance efficiency, reduce capital and operational expenditures, and minimize environmental impacts compared to traditional methods. Further updates are anticipated within the month.

Positive
  • Successful DLE tests achieved lithium concentration of 4,540 mg/L.
  • Low levels of impurities observed in the process.
  • Expansion of investigation beyond initial concentration stage.
  • Potential to produce lithium carbonate and hydroxide in future.
Negative
  • None.

VANCOUVER, British Columbia, May 11, 2021 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62) (“Alpha” or the “Company”), sole owner of one of the last large, undeveloped salars in Argentina’s Lithium Triangle, is pleased to announce that it has produced an excellent result from small scale Direct Lithium Extraction (“DLE”) studies, conducted by the principals of Beyond Lithium LLC (“Beyond Lithium”), a team of renowned lithium brine processing experts.

Alpha’s first DLE investigation resulted in a lithium concentration of 4,540 mg/L utilizing raw brine from the historic legacy well, drilled by the previous owners in the Tolillar Salar.

The process utilized readily available, standard DLE-type methodologies, equipment and products resulting in very low measures of impurities such as magnesium, calcium, potassium, sulfates and boron. Further refinement of the post DLE eluate is underway, with the objective of (i) achieving an even higher lithium concentration in the future and (ii) producing samples of lithium carbonate and lithium hydroxide.

The result of 4,540 mg/L was achieved using a single pass-through reverse osmosis procedure and the results are expected to improve incrementally after subsequent trials.

Based on the strong results thus far, Alpha has expanded its investigation of the entire process flowsheet beyond the initial concentration stage and is confident that it will produce lithium carbonate and lithium hydroxide from Tolillar brine in the future. The Company plans to provide a further update and the results of lithium carbonate, and/or lithium hydroxide production in the next month.

Brad Nichol, President and CEO, commented, "Our successful concentration of brine, being the first step of the entire lithium production flowsheet, is very encouraging and definitely exceeded our expectations. We have high hopes on taking this first step to its logical conclusion, which is the production of lithium hydroxide and/or lithium carbonate. What our team has achieved in such a short period of time is incredible. We have combined ingenuity, technology and experience to demonstrate the viability of brine from the Tolillar Salar.”

Industry-wide, DLE technology development has demonstrated significant benefits over traditional evaporative techniques. Alpha’s DLE testing, to date, has focused on the (i) concentration of lithium and (ii) elimination of as many of the impurities as possible, early in the production process, with the overall objectives of:

  1. Reducing Capital Expenditures (“CAPEX”) by reducing the reliance on massive evaporation ponds, which are historically one of the most expensive components of brine-based projects,
  2. Increasing efficiency in lithium recoverability, as successful DLE deployment can recover up to 90% of the lithium,
  3. Reducing Operating Expenditures (“OPEX”) through the minimization of reagents use, which would typically be transported in large quantities to site, and
  4. Minimizing negative impacts on the environment through smaller operating footprints, fewer hazardous materials use, lesser reagents transported to site, and the reduction or elimination of evaporation ponds spread across hundreds or even thousands of hectares.

The Company previously announced (see press release dated April 1, 2021) that it has sent Lilac Solutions Inc (“Lilac”) brine samples from Tolillar Salar. The results of Lilac’s testing are still forthcoming, and the Company is eager to compare the results of Lilac’s patented ion exchange technology that facilitates production of lithium from abundant brine resources with minimal cost and ultra-low environmental footprint.

Once Phase 3 drilling is complete, all drilling, logging and flow data will be reviewed by Alpha’s independent engineering firm, Montgomery and Associates, whom have been engaged to prepare a Resource Estimate.

ON BEHALF OF THE BOARD OF ALPHA LITHIUM CORPORATION

“Brad Nichol”

Brad Nichol
President, CEO and Director

For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
info@alphalithium.com

About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62)

Alpha Lithium is a growing team of industry professionals and experienced stakeholders focused on the development of the Tolillar Salar. Together, we have assembled 100% ownership of what may be one of Argentina’s last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned “Lithium Triangle”. Other companies in the area exploring for lithium brines or currently in production include Galaxy Lithium, Livent, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari. For more information visit: https://alphalithium.com/.

Forward-Looking Statements

No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


FAQ

What lithium concentration did Alpha Lithium (ALLIF) achieve in their recent DLE tests?

Alpha Lithium achieved a lithium concentration of 4,540 mg/L in their recent Direct Lithium Extraction tests.

What are the future plans for lithium production by Alpha Lithium (ALLIF)?

Alpha Lithium plans to produce lithium carbonate and lithium hydroxide from Tolillar brine in upcoming trials.

When can we expect an update on Alpha Lithium's (ALLIF) DLE process?

Alpha Lithium is expected to provide further updates and results within the next month.

How does DLE technology benefit Alpha Lithium (ALLIF)?

DLE technology can reduce capital and operational expenditures, increase lithium recoverability, and minimize environmental impact.

ATLANTIC LITHIUM LTD

OTC:ALLIF

ALLIF Rankings

ALLIF Latest News

ALLIF Stock Data

176.06M
263.82M
40.96%
8.97%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Sydney