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Alpha Lithium Corporation (APHLF) is a leading lithium exploration and development company with a focus on advancing the Tolillar project in Salta Province, Argentina. Recently, the company filed the results of a Preliminary Economic Assessment (PEA) showcasing its significant lithium resource potential. The project boasts a US$1.7 billion NPV and a cumulative cash flow of US$8.2 billion over a 35-year production life, indicating substantial long-term value. Alpha Lithium is well-positioned with its unique and attractive assets, including a 70% increase in indicated resources and a 30% increase in inferred resources at Tolillar. The company is currently undergoing a Strategic Review Process and has received a lucrative acquisition offer, solidifying its position as a key player in the rapidly growing lithium market.
Alpha Lithium Corporation (OTC: APHLF) announced the successful completion of a fresh water recharge study for its 100% owned Tolillar Salar asset in Argentina. The study confirms a sustainable fresh water source capable of supporting the planned 50,000 tpa lithium chemicals production facility. The aquifer can provide 5,109,279 m3/year, outpacing the 500 m3/hour water requirement for the lithium plant. This discovery offers Alpha a critical competitive advantage, as it eliminates competition for water resources in the region, enabling efficient lithium production.
Alpha Lithium Corporation has announced plans to commence drilling on its major lithium asset in Salta Province, Argentina. The company has received licenses for exploration and expects to start drilling operations on the Salar del Hombre Muerto by the end of January 2023. Alpha plans to drill up to 12 wellbores over the next year and conduct Vertical Electrical Sounding campaigns. Hombre Muerto is noted for its high lithium brine grades and flow rates and has been in production for over 25 years. The company manages its operations entirely in Argentina and has a significant team of local experts.
Alpha Lithium Corporation (OTC: APHLF) has announced an increase in its proposed lithium carbonate production plant capacity to 50,000 tonnes per year. This decision follows promising results from its recent drilling program. The company has engaged Ausenco Limited to conduct a Preliminary Economic Assessment (PEA) for the project, which is expected to take six months. The lithium carbonate market remains strong, with prices averaging over US$70,000 per tonne. Alpha’s operations are solely based in Argentina, where it is developing its lithium assets.
Alpha Lithium Corporation (OTC: APHLF) has introduced an advance notice policy for the nomination process of its directors. This policy sets a specific timeline for shareholders to submit director nominations before annual and special meetings. For annual meetings, nominations must be submitted between 30 to 65 days prior. For special meetings, nominations are due within 15 days of the meeting announcement. This policy aims to ensure clarity and transparency in the nomination process and is set for ratification in the next shareholder meeting.
Alpha Lithium Corporation (OTC: APHLF) announced significant results from its recent well, WBALT15, drilled in the Tolillar Salar, Argentina. The well yielded lithium concentrations up to 360 mg/L and impressive flow rates exceeding 40 m³/hr during testing. This well, located west of WBALT7, reinforces the potential of the salar with high-quality lithium resources. The company plans further exploration into southern and western areas of the salar and is utilizing multiple drilling rigs for both brine and freshwater studies, enhancing their lithium production capabilities.
Alpha Lithium Corporation (OTC: APHLF) announced the approval of its investment expenditures by REMSA, the original vendor of Tolillar Salar. This permits Alpha SA to conclude its obligations under the REMSA Agreement, which required US$1 million in capital expenditures and payments totaling US$210,000. With all obligations met, the court can award property titles to Alpha SA. Since 2020, Alpha has made significant progress including drilling, laboratory establishment, and pilot plant construction, while managing growing interest in its assets.
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.
Alpha Lithium Corporation (OTC: APHLF) announced a maiden preliminary lithium and potassium resource statement for its Tolillar project in Argentina. The estimate includes 2,119,000 tonnes of indicated and 1,158,000 tonnes of inferred lithium carbonate equivalent, along with 7,387,000 tonnes of indicated potassium equivalent. The resource is preliminary due to limited exploration and pending lab results. CEO Brad Nichol expressed optimism about expanding this resource through further drilling, aided by a cash reserve exceeding $45 million.
Alpha Lithium Corporation reported promising results from its Vertical Electrical Sounding (VES) campaign at the Santo Tomas property in Argentina's Hombre Muerto Salar. The VES indicates substantial subsurface brine bodies, with similarities to nearby high-performing lithium wells, one showing lithium concentrations over 750 mg/L. The company controls over 5,000 hectares in this lithium-rich region. Alpha is well-funded with $44 million in cash and plans to initiate drilling operations soon, progressing towards commercial production.
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