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Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62) (" Alpha " or the " Company "), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, is pleased to announce the appointment of Ron Molnar, Ph.D., P.Eng., to the Company's Board of Advisors. Dr. Molnar has also been selected as the project leader and qualified person ("QP") to oversee the development of a proposed lithium processing program as part of the Company's strategic commercialization plans for its growing South American assets.
Ron Molnar has been a valued member of the technical team developing and commissioning a first-of-a-kind industrial-scale direct lithium extraction demonstration plant in North America. The plant is being used for proof-of-concept and commercial feasibility studies under the auspices of Standard Lithium Ltd. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. Dr Molnar's expertise is highly relevant to the direct lithium extraction methods proposed for Alpha Lithium's projects in Argentina.
Dr. Molnar's career as a professional metallurgical engineer (Ontario P.E.# 100111288) specializing in solvent-extraction and ion-exchange processes has spanned over 35 years' experience in hydrometallurgical bench and pilot plant testing. Dr. Molnar has built and operated more than 60 pilot plant circuits extracting a wide range of metallic elements and has also designed and built over 20 custom solvent extraction pilot plant circuits for use in specific projects and general testing. His efforts include test program design, management and supervision, pilot plant design, management, and operation (including operator training), as well as data analysis for bench-scale and pilot plant programs.
Ron is a life-member and fellow of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), and has authored and co-authored numerous publications and oral presentations, He founded MetNetH2O Inc., an independent consultancy based in Ontario, Canada specializing in solvent extraction and ion exchange process testing and development. Dr. Molnar received his Bachelor of Engineering in Metallurgy from McGill University and received a PhD in Metallurgy at Imperial College, Royal School of Mines, London England.
Dr. Molnar will play a key role as project leader overseeing all phases of lithium process testing activities and will act as Alpha Lithium's Qualified Person (QP) when reporting technical process testing work and results.
Brad Nichol, President and CEO, commented, "Doctor Molnar's brilliant career has not been limited to getting Standard Lithium's extraction plant commissioned, he has also been instrumental in the design and optimization of many large installations at several other blue-chip companies worldwide. We are extremely lucky and proud to welcome Dr. Molnar to our team and look forward to his expertise as we continue our expansion in the Tolillar and Hombre Muerto salars of Argentina."
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
info@alphalithium.com
About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62)
Alpha Lithium is a growing 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 are expanding our 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. Find out more at: https://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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.
Figure 1: Cave Hill Project tenements on aeromagnetics with new lithium anomalies and other lithium deposits
Figure 1: ‘The Lithium Gap’ emerging between North America’s planned conversion facilities estimated to have 100,000t LCE per annum capacityandthedownstreamdemandestimatedtototalanestimated850,000tLCEperannum.