Alpha Lithium Files Preliminary Technical Report for Salar De Tolillar Project

Rhea-AI Summary

Alpha Lithium Corporation (OTC: APHLF) has filed a NI 43-101 Technical Report detailing exploration activities and lithium resource estimates for the Salar De Tolillar Project in Argentina. This report, effective from September 8, 2022, follows the company's earlier news release on August 23, 2022. It consolidates their findings from 2020 to 2022 and is now accessible on the Company’s profile at SEDAR and its website.

Positive

• Preparation and filing of a detailed NI 43-101 Technical Report.
• Focus on the Salar De Tolillar project, indicating potential in a strategic lithium area.

Negative

• None.

VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) (“Alpha” or the “Company”) is pleased to announce that, in connection with its news release dated August 23, 2022, the Company has prepared and filed a technical report titled NI 43-101 Technical Report of Results of Years 2020/2021/2022 Exploration Activities and Lithium Resource Estimate for the Salar De Tolillar Project in Salta Province, Argentina with an effective date of September 8, 2022. The full report is available under the Company’s profile at www.sedar.com and will be available on its website at www.alphalithium.com.

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

relations@alphalithium.com
www.alphalithium.com

About Alpha Lithium (NEO: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, 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”. In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world’s highest quality, longest producing, lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Livent Corporation, 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: www.alphalithium.com.

Forward-Looking Statements

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 results of further brine process testing and exploration 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.

The NEO Exchange does not accept responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

FAQ

What does the recent press release from Alpha Lithium Corporation indicate about their activities?

The press release details the filing of a NI 43-101 Technical Report on the Salar De Tolillar project, reflecting exploration and resource estimates.

What is the significance of the NI 43-101 Technical Report for Alpha Lithium Corporation?

The NI 43-101 Technical Report provides a comprehensive overview of the exploration activities and lithium resource estimation, which is crucial for investors.

When was the NI 43-101 Technical Report for Alpha Lithium Corporation effective?

The report is effective as of September 8, 2022.

Where can investors access the NI 43-101 Technical Report for Alpha Lithium Corporation?

The report is available on the Company's profile at SEDAR and on Alpha Lithium's official website.