- Alpha Lithium is an emerging lithium development company focused on exploring its highly prospective, under-developed lithium assets in Salta province, Argentina.
- The company currently owns 100 percent of its Salar with over CAD$100 million in funding.
- Alpha Lithium’s flagship Tolillar Salar project is located near the heart of the Lithium Triangle, surrounded by multi-billion dollar lithium producers with decades of active lithium production.
- The project site’s infrastructure strategically positions the project nearby accessible electricity lines, paved road networks, natural gas resources and a skilled local workforce.
- Two geophysical surveys have supported theories that the Tolillar Salar property mimicked structural trends of the Salar del Hombres Muerto, one of the world’s longest-producing lithium brine basins.
- After two acquisitions in the same salar Alpha now controls a 100 percent interest in 5,072 hectares in the Salar del Hombre Muerto and is the second largest landholder, after Posco, on the Salta side of the famous salar.
- All of Alpha’s 5,072 hectares are immediately bordered by Korean giant, Posco, which recently announced that it was investing US$4 billion in Hombre Muerto, an increase from its originally planned investment of US$830 million due to a drilling campaign increased its estimated lithium carbonate equivalent sixfold, to 13.5 million tonnes.
- Alpha Lithium is primed for project expansion and permit acquisition as drilling campaigns are presently underway.
The international community is in the midst of a battery revolution. Shares of electric vehicle maker Tesla (NASDAQ:TSLA) surged over 740 percent in 2020, then an additional 56 percent gain in 2021, making it one of the most valuable companies in the world. This dramatic increase in demand showcases the promising growth narrative of the electric vehicle boom.
The revolution for electric powered cars is not only being led by Tesla, but many other car companies including Nio (NYSE:NIO), with a year-over-year increase of 26 percent. Volkswagen (OTC Pink:VWAGY), General Motors (NYSE:GM), Nissan (OTC Pink:NSANY), Hyundai (OTC Pink:HYMTF) and Bayerische Motoren Werke, known as BMW (OTC Pink:BMWYY) are also investing heavily into the boom.
With the rising movement towards a sustainable and electric-powered world, the lithium that will be needed to support this rapid transition lends it the potential to become one of the most valuable resources in the world.At the forefront of this rapid growth is Argentina, has the world’s third-largest lithium reserve and is the fourth-largest producer globally.