Lithium

Alpha Lithium Granted Drilling Licenses for Hombre Muerto Salar in Argentina

Alpha Lithium Granted Drilling Licenses for Hombre Muerto Salar in Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company with two large, undeveloped lithium assets in the Salta region of Argentina, is pleased to report that it has received licenses to commence exploration operations on its properties in the Salar del Hombre Muerto ("Hombre Muerto") in Argentina.

The Company is already performing the mandatory health and safety checks of the rig and crew on the initial drilling rig, which it expects to mobilize to commence drilling before the end of this month. Alpha has secured a second drilling rig, which is s expected to join the ongoing operation as soon as possible in 2023.

Alpha intends to drill up to 12 wellbores on its 5,000+ hectare Hombre Muerto property over the next 12 months, in addition to implementing several new Vertical Electrical Sounding ("VES") campaigns (see August 16, 2022 news ).

Hombre Muerto is recognized as one of the most desirable salars in South America, as it hosts the (i) highest lithium brine grades, (ii) lowest levels of impurities and (iii) highest flow rates in Argentina. Hombre Muerto is Argentina's longest producing salar, with Livent Corp having produced 20,000 tonnes/year of battery-grade lithium for over 25 years.

At present, the Company controls over 5,000 hectares in Hombre Muerto. Until now, the salar has been primarily controlled by three large, multinational corporations: (i) Argentina's oldest lithium chemicals producer, Livent Corp; (ii) Korea-based, POSCO; and, (iii) Australian producer, Allkem Ltd. In 2022, after meeting with local government officials, POSCO announced plans to spend an additional US$4 billion on their 10,000 hectares in Hombre Muerto, signifying their intentions to tap into the rising demand for lithium.

The Company intends to increase its land position at Hombre Muerto and will update shareholders accordingly, when progress is made in this regard.

Brad Nichol, President and CEO of Alpha, commented, "To finally commence operations at Hombre Muerto is an incredibly exciting, game-changing moment for Alpha and its shareholders. Having developed Tolillar to a point where it continues to attract significant industry interest, our team can focus on expanding and repeating its past two years of rapid success in Tolillar, now, in Hombre Muerto."

Hombre Muerto is only 10-15 km from Tolillar and, in the short-term, the Company will utilize the recently-enlarged camp at Tolillar as its home base for operations.

All operations and assets of the Company are in Argentina and are fully managed by Alpha Lithium Argentina SA ("Alpha SA") utilizing local employees and consultants. Neither Alpha, nor Alpha SA, have any operations or assets in Canada.

Since initiating the first steps of an exploration program in 2020, Alpha SA has drilled more than 20 holes, constructed an in-house brine chemistry research laboratory, developed a proprietary Lithium Carbonate production process that works in Tolillar with remarkable success, started construction of a pilot plant, and employed dozens of highly skilled Argentinian technologists, engineers, geologists, geophysicists and chemists, in addition to several students, accounting, managerial and HR professionals. The Company is grateful for, and reliant upon, the significantly large Argentinian team that has proven instrumental at generating value for shareholders.

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) (German 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, Allkem Ltd., 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.

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.

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



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Alpha Lithium Receives Independent Confirmation of Major Fresh Water Discovery at Tolillar Salar, Argentina

Alpha Lithium Receives Independent Confirmation of Major Fresh Water Discovery at Tolillar Salar, Argentina

  • Sustainable supply supports the Company's planned 50,000 tpa LCE production facility
  • Fresh water discovery is key competitive advantage compared to other lithium brine salars in the region

 Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company with two substantial, undeveloped lithium assets in the Salta region of Argentina, is pleased to report that an independent fresh water recharge study (the "Study") on its 100% owned Tolillar Salar asset has confirmed the on-site fresh water source is more than sufficient to support the Company's planned 50,000 tonnes per annum ("tpa") lithium chemicals production facility.

The preliminary Study, initiated eight months ago, indicates that the fresh water aquifer located within the Tolillar Salar mining tenements can sustainably support 5,109,279 m 3 /year (583 m 3 /hour) of fresh water withdrawals, without affecting the fresh water reserves in this sector of the basin. Sustainable exploitation of the fresh water aquifer requires that the net outflows ("Exploitation") are greater than the net inflows ("Recharge").

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Alpha Lithium Appoints Ausenco to Commence PEA for Lithium Carbonate Plant in Argentina

Alpha Lithium Appoints Ausenco to Commence PEA for Lithium Carbonate Plant in Argentina

-- Recent drill results drive decision to increase
proposed plant capacity by 25% to 50,000 tpa

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company focused on the development of over 27,500 hectares of what may be the last, 100% owned, undeveloped lithium salar in the Salta region of Argentina, is pleased to report that after an extensive review and selection process, Australian-based Ausenco Limited ("Ausenco") has been selected to undertake a Preliminary Economic Assessment ("PEA") of a proposed 50,000 tonneyear high-purity lithium carbonate production plant in Tolillar salar.

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Alpha Lithium Adopts Advance Notice Policy

Alpha Lithium Adopts Advance Notice Policy

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) (" Alpha " or the " Company ") is pleased to announce that the board of directors of the Company has adopted an advance notice policy (the " Policy ") in connection with the nomination process for the Company's directors. The Policy will be presented to shareholders for ratification and approval at the next shareholder meeting of the Company.

The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Policy establishes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual general or special meeting of shareholders and sets out the information that a shareholder must include in the notice to the Company for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders.

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Alpha Lithium Achieves Best Grades To-Date at Tolillar Salar, Argentina

Alpha Lithium Achieves Best Grades To-Date at Tolillar Salar, Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company focused on the development of over 27,500 hectares of what may be the last undeveloped lithium salar in the region, is pleased to report record grade lithium concentrations and very significant flow-rates from the latest production well identified as WBALT15, which was recently drilled within the Tolillar Salar, Argentina.

Test results from WBALT15 returned lithium concentrations up to 360 mg/L. Like almost every well drilled by Alpha, WBALT15 was drilled and cased as a production well. Pumping tests demonstrated an exceptional flow rate, averaging greater than 40 m 3 /hr of brine over a 72-hour flow test on a restricted pump. A larger pump was not available during this initial flow test, but one will be available when the well is put into production; significantly higher pumping rates are expected with a larger pump.

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Alpha Lithium Finalizes Unconditional Deed for Tolillar Salar, Argentina

Alpha Lithium Finalizes Unconditional Deed for Tolillar Salar, Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company"), a company focused on the development of over 27,500 hectares of what may be the last undeveloped lithium salar in the region, is pleased to report that the Energy and Mining Resources of Salta ("REMSA") one of the original vendors of Tolillar Salar, has audited and approved all of Alpha Lithium Argentina SA's ("Alpha SA") investment expenditures to date, and has released Alpha SA of any further obligations under the REMSA Agreement, originally dated January 23, 2019.

The fulfilment of these obligations means that Alpha SA has completed all earning commitments on the areas it originally acquired from REMSA.

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ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Commences Phase 2 Drill Program at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that Phase 2 drilling has commenced at ACME's Clayton Valley Nevada lithium brine project. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albemarle's Silver Peak lithium deposit which has been in production since 1966 and is the only lithium producing region in the United States.

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Drilling at Clayton Valley, Nevada (Fig. 1)

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CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN) (OTCQB: AXVEF) ( Frankfurt : 338B ) is pleased to announce an updated on its successful investment in Noram Lithium Corp (TSXV: NRM) (OTCQB: NRVTF) (Frankfurt: N7R) as it announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights).

Highlights of the Updated Resource Estimate
  • An increase of 190% in Measured and Indicated ("M&I") lithium carbonate equivalent ("LCE") Resources from the August 2021 Mineral Resource Estimate.
    • M&I Resources increased to 5.17 million tonnes ("Mt") LCE (1, 034 Mt at 941 parts per million lithium ("ppm Li")) at a 400 ppm Li cut-off grade.
  • Substantial Inferred Resources remain from the 2022 Phase VI drill program.
    • Inferred Resources are 1.09 Mt LCE ( 235 Mt at 871 ppm Li) at a 400 ppm Li cut-off grade.
  • Near Surface = Low Strip Ratio. The majority of the deposit occurs at or near the surface, resulting in relatively low mining costs. Results from the Preliminary Economic Study ("PEA") 1 indicate that the life of mine strip ratio would be ~0.07:1 (waste:ore).
  • High level of confidence in the deposit modelled given the density of the drill program with 82 holes drilled to-date. All holes were core holes for more precise sampling and stratigraphic correlations.
  • High grade core (60 meters thick x 1.2 kilometers wide x 3.0 kilometers long) represents an opportunity for optimizing the mine plan. At a 1,200 ppm Li cut-off the Measured and Indicated Resources total 1.2 Mt LCE (169 Mt at 1,326 ppm Li).

"The updated mineral resource estimate, with 82 drill holes completed to-date, highlights that noram's Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent," stated Greg McCunn , noram's CEO. "The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a Prefeasibility Study."

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Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit

Noram Lithium Announces Significant Increase in Mineral Resources at The Zeus Lithium Deposit

noram lithium corp. (" noram " or the " Company ") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights

Highlights of the Updated Resource Estimate

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LithiumBank Appoints Paul Matysek as Executive Chairman

LithiumBank Appoints Paul Matysek as Executive Chairman

LithiumBank Resources Corp. ( TSX-V: LBNK ) ( OTCQX: LBNKF) (" LithiumBank " or the " Company ") is pleased to announce the appointment of Mr. Paul Matysek as the Company's Executive Chairman.

Mr. Matysek's unique qualifications, experience and unprecedented string of successful transactions in the mining sector will create value for the Company as it now transitions from an exploration to development company of district scale direct brine lithium projects in North America. LithiumBank holds a dominant position of key brine reservoirs with a unique combination of scale, grade and exceptional flow rates that are necessary for a large-scale direct brine lithium production. LithiumBank is developing and de-risking several strategic projects in Alberta and Saskatchewan.

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Brunswick Exploration Options Multiple Spodumene-Bearing Pegmatites in Saskatchewan

Brunswick Exploration Options Multiple Spodumene-Bearing Pegmatites in Saskatchewan

Brunswick Exploration Inc. (TSX-V: BRW; " BRW " or the " Company ") is pleased to announce that it has executed a Letter of Intent to option a new highly prospective claim package, the Hanson Lake Project, located roughly 55 kilometers west of Creighton, Saskatchewan, within 2 kilometres from a major highway. This package contains four spodumene-bearing pegmatites hosted within a much larger pegmatite field, none of which has been drilled.

Mr. Killian Charles, President and CEO of BRW, commented: "The Hanson Lake Project confirms the potential for hard-rock lithium deposits in Saskatchewan and this addition to our portfolio strengthens the Company's presence in Western Canada. In Saskatchewan alone, with the addition of this project, we have now acquired over 180 outcropping S-type pegmatites that are minimum 500 meters in strike length, all of which have seen minimal or no exploration work. Detailed prospecting and trenching will commence in Q2 of this year to systemically evaluate the Hanson Lake Project and rapidly advance the known spodumene-bearing pegmatites towards the drill stage."

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Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that, further to its news release on December 7, 2022, it has obtained conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the option agreement, as amended on January 16, 2023, (the "Option Agreement") entered into between Quebec Pegmatite Corporation ("QPC"), a majority-owned subsidiary of the Company, and Superior Mining International Corporation ("Superior"), whereby Superior has the option to earn a 100% interest in the Vieux Comptoir Lithium Property (the "Property"). Superior has made the initial deposit of $7,500 and confirmed it intends to exercise its Option.

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