ATLANTIC LITHIUM LTD - ALLIF STOCK NEWS

Atlantic Lithium Limited has released an updated Scoping Study for the Ewoyaa Lithium Project in Ghana, highlighting significant enhancements. The project now boasts a mine life of over 11 years, with a post-tax NPV of US$789 million and projected revenues exceeding US$3.43 billion. The study affirms a production capacity of 2 million tonnes per annum and incorporates new revenue streams from direct shipping ore and feldspar. The project promises robust financials, including a 194% IRR and low operational costs, positioning it as a leading asset in the lithium market.

Atlantic Lithium Limited (AIM:ALL)(OTCQX:ALLIF) has announced its participation in online conferences on December 7, 2021, to update stakeholders on its projects, including the flagship Ewoyaa project in Ghana. The company is fully funded to production, with US$102 million secured through an agreement with Piedmont Lithium. A robust Scoping Study indicates potential Life of Mine revenues exceeding US$1.5 billion. Atlantic holds significant lithium exploration licenses across Ghana and Côte d'Ivoire, totaling over 1,300 km².

Atlantic Lithium Limited has reported a 47% increase in the Mineral Resource Estimate for its Ewoyaa Project in Ghana, now totaling 21.3Mt at 1.31% Li₂O. This upgrade results from approximately 56,500m of drilling and includes 5.2Mt at 1.39% Li₂O in Indicated status. Ongoing drilling programs hint at further resource upgrades, while the location near infrastructure enhances project viability. The project is fully funded for production via an agreement with Piedmont Lithium, indicating strong potential for future growth.

Atlantic Lithium Limited has issued unlisted options to a New York-based firm to enhance its visibility in the US equity markets. The company has distributed a total of 3 million options with strike prices set at 30, 40, and 50 pence, expiring on 18 August 2023. This announcement coincides with Atlantic Lithium commencing trading on the OTCQX market under the ticker ALLIF from 26 November 2021. The company is advancing its Ewoyaa Project in Ghana, poised to become West Africa's first lithium-producing mine, fully funded under a US$102 million agreement.

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) has announced successful lab-scale production of Lithium Hydroxide and Lithium Carbonate from its wholly-owned Tolillar Salar in Argentina. This follows the utilization of raw brine samples processed through their proprietary Direct Lithium Extraction (DLE) technology. The purity of these chemicals will be assessed by SGS Canada. With $34.2 million in cash, Alpha is well-positioned to pursue further growth and production in the Lithium Triangle.

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) announces an expansion of its holdings in the Hombre Muerto Salar in Argentina by acquiring a 100% working interest in an additional 287 hectares for US$750,000. This acquisition increases Alpha's total land position to 4,087 hectares, all fully owned. The Hombre Muerto Salar, known for its high-quality lithium brine, is adjacent to POSCO's property. With $34.2 million in cash reserves, Alpha plans to commence drilling soon, enhancing its strategic position in the lithium market.

Alpha Lithium Corporation (TSX.V: ALLI) has appointed Dr. Ron Molnar as a member of its Board of Advisors and project leader for a new lithium processing program, enhancing its strategic commercialization plans in Argentina. Dr. Molnar, with over 35 years of experience in metallurgy, is recognized for his role in developing a direct lithium extraction demonstration plant in North America. His expertise will significantly benefit Alpha Lithium's projects in the Tolillar and Hombre Muerto salars, known for their lithium resources. This appointment is expected to accelerate development timelines.

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) announced a significant milestone in Direct Lithium Extraction (DLE) testing from the Tolillar Salar. The lithium concentration reached 9,474 mg/L, more than double previous results, showcasing a significant improvement in impurity rejection. The DLE technology, developed by Beyond Lithium LLC, promises lower capital and operational expenses, enhancing lithium production efficiency. Alpha aims to update on battery-grade lithium production soon, reinforcing its foothold in Argentina's Lithium Triangle.

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) announced a Letter of Intent to acquire 3,800 hectares in Argentina's Hombre Muerto Salar. The acquisition involves issuing 5 million common shares to Argentina Prime Holdings Inc. Alpha aims to leverage Hombre Muerto's high-quality lithium brine, renowned for its lithium concentrations and low impurities, alongside existing operations. The acquisition is expected to enhance Alpha's position in the lithium market, with plans for immediate drilling and exploration, subject to customary closing conditions.