Battery Metals

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.


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Alpha Lithium

Alpha Lithium

Overview

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.
Alpha Lithium - Lithium Triangle

The famous Triángulo del Litio — the Lithium Triangle — is an under-explored area that is becoming a major host for investor-friendly projects prepared to embrace the potential of a lithium-powered future.

Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) is one of many pursuing lithium in this region, given its potential to be one of the last greenfield project opportunities in this section of the world.

Alpha Lithium is a development company that is focused on highly prospective lithium production of its Tolillar Salar project in Salta province, Argentina.

The company has been able to leverage its 100-percent ownership and work towards repeating the successes of its highly established lithium producing neighbor. There is promising potential for Alpha Lithium to thrive as the company is surrounded by notable players.

Alpha Lithium’s flagship Tolillar Solar project is located in Northwest Argentina near the heart of the Lithium Triangle. Its highly accessible infrastructure connects the project site to Salta and San Antonio de Los Cobres by paved road networks, natural gas resources and a skilled local workforce.

The company recently purchased two mining properties in the renowned Salar del Hombre Muerto, Argentina. Nestled right alongside its existing property, the company controls interest in a total of 5,072 hectares in what many claim to host the world’s largest lithium brine reserves. This land is immediately bordered by Korean giant, Posco, which recently announced that it was investing US$4 billion in Hombre Muerto, up from its originally planned investment of US$830 million. The increase follows a drilling campaign that increased its estimated lithium carbonate equivalent sixfold from a 2018 estimate to 13.5 million tonnes.
Alpha Lithium - Lithium Triangle

In two geophysical surveying campaigns, the company discovered structural trends that mimicked the Salar del Hombre Muerto horizon. This basin hosts one of the longest operating lithium brine producers in the world with over 25 years of active extraction.

“We consider the geological similarities between the Tolillar Salar, and other nearby salars like Hombre Muerto, to be very encouraging,” said Brad Nichol, president and CEO of Alpha Lithium.

Additionally, the project’s discovery and exploration plans are especially exciting for Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) due to the high-producing mining companies situated near Tolillar Salar.

Local operations include Livent Corporation (NYSE:LTHM) with a market cap of approximately US$3.2 billion and POSCO (NYSE:PKX) with an approximate market cap of US$23.2 billion.
Alpha Lithium - Tolillar Salar

Alpha Lithium presents a unique entry opportunity for investors as an emerging player in the lithium production space.

Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report.

Vinneth Bajaj, a senior mining analyst for GlobalData, said lithium demand will be driven by a surge in EV sales, with annual production expected to go from 3.4 million vehicles in 2020 to 12.7 million in 2024.

Lithium-ion battery production is also forecast to rise from 95.3 GWh in 2020 to 410.5 GWh over the same period. A Fastmarkets report from 2021 explains that the projected EV market penetration will increase from 15 percent to 35 percent by 2030. This sustained increase in demand could strain supply, showing the growing value of Argentine lithium deposits.
Alpha Lithium - Forecast

Alpha Lithium received promising VES geophysical survey results at its Tolillar lithium project and is preparing permit applications for exploration.

These achievements put Alpha Lithium on track for project expansion and execution of the company’s well-engineered six-phase approach for developing its major emerging lithium assets.

Timeline – A Six Phased Approach

Timeline \u2013 A Six Phased Approach

Company Highlights

  • Alpha Lithium is an emerging lithium development company focused on exploring its highly prospective, under-developed lithium assets in Salta province, Argentina.
  • The company owns 100 percent of its salar with over $40 million in the treasury.
  • 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.

Key Projects

The Tolillar Salar Project

The Tolillar Salar property covers 27,500 hectares and consists of 10 exploration concessions registered in the Salar de Tolillar basin in Argentina’s Salta province. With limited exploration history, and a strategic location nearby several lithium producing heavyweights, the Tolillar Salar project puts Alpha Lithium in a unique first-mover position for significant mining success.

The Tolillar Salar occupies an internally drained basin with much of the property’s rock formation dating back to the Ordovician period. This geological makeup has created a sediment profile that includes younger continental sediments, salt crusts and evaporite deposits.

This property is in close proximity to the Hombre de Muerto Salar, a premier lithium brine basin. The company recently acquired 3,800 hectares in this area, expected to yield high-grade lithium discoveries with low impurities.

Early stage investigations have already revealed lithium concentrations up to 504 mg/l in a sampling campaign from 2015. With drilling licenses approved, Alpha Lithium is ready to commence an advanced drill program.

The company has conducted two substantial geophysics surveying programs and accomplished development goals under budget and ahead of schedule. This trend in lithium exploration shows promise for the future of the project.

Location

Alpha Lithium is located less than 10 miles away from Livent, which has a market cap of over US$3 billion and over 20 years of production from the nearby property. The company is strategically located approximately six miles from Livent's high-quality, low-impurity Fenix Project.

Immediately adjacent to Livent is South Korean company Posco (NYSE:PKX), with a staggering market cap of around US$20 billion. Posco has been very busy in the area, expanding on their lithium project that they bought from Australian lithium miner Galaxy Resources, now Alkem (ASX:AKE), for US$280 million in 2018.

The Tolillar project area has never been extensively explored, yet is located in prime territory, directly near a concentration of major lithium producers, providing a significant portion of the international lithium supply.

Alpha Lithium

The world’s going to need more lithium mines due to the unprecedented lithium-ion battery demand required to fuel electric vehicles and energy-hungry devices. With a project located in the coveted Lithium Triangle in South America, Alpha Lithium could be sitting on a potentially massive lithium discovery.

The management team at Alpha Lithium comprises industry professionals and experienced stakeholders with years of expertise in mining, exploration and capital markets. This well-connected team uses a proven de-risk approach, priming the company for significant growth on the global lithium market.

Management Team

Brad Nichol - President & CEO

Brad Nichol is an international entrepreneur who has served and advised corporations on strategy and finance for over 25 years. Throughout his career, Nichol has served as both senior executive and director of several public and private enterprises across the finance and resource sectors. He has led successive organizations through multiple rounds of private and public project financing, initiated and executed dual listings and established key international and domestic financial relations. Nichols also has significant experience in various business functions including financial, operational, human resources, investor relations and legal and regulatory processes.

Previously, Nichol worked at Schlumberger, the world’s largest oil and gas services firm, in various technical, managerial, marketing and sales roles in North America, South America and Europe. He left Schlumberger to pursue his MBA at one of the world’s top-ranked business schools, the London Business School in the UK, Nichol he graduated with honours in 2003. Nichol also holds a BSc. in Mechanical Engineering from the University of Alberta and has been a registered Professional Engineer since 1994.

David Guerrero - Country Manager

David Guerrero brings almost 20 years of international experience in the mining industry, 10 of which are specifically related to lithium as a specialty product. He has held various roles with mining major Rio Tinto as well as senior management positions with Canadian company, Lithium One, and with Australia-based Galaxy Resources. In this capacity, Guerrero undertook a critical functional role in a recent US$280 million M&A transaction with giant South Korean steelmaker POSCO for mineral resources at the Salar del Hombre Muerto, the best quality brine producing district in Argentina. He was also the former president of the Salta Mining Providers Chamber and the AUSCHAM Argentina chapter’s vice president. Guerrero brings indispensable local knowledge and communal leadership to Northern Argentenian projects.

Nathan Steinke - CFO

Nathan Steinke is a highly respected financial professional with over 15 years of experience at public and private companies in the international resource sector. Since 2003, Steinke’s responsibilities have included all of the companies’ financial aspects, including debt and equity financing, corporate structure design and management, cash flow management and forecasting, legal and regulatory compliance, stakeholder engagement and reporting, dual listing execution and management and risk management.

Foster Wilson - Director

Foster Wilson has over 30 years of experience in explo­ration and development, including reserve drilling and estimation, feasibility studies, mine permitting and development. He has worked in various capaci­ties for Placer Dome, Echo Bay, American Bonanza Gold and different junior exploration companies. Foster also currently serves as president of Mesa Exploration.

Sean Charland - Director & Corporate Secretary

Sean Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. His network of contacts within the financial community extends across North America and Europe. Charland also serves as a director of Maple Gold Mines, Arctic Star Exploration, Eyecarrot Innovations and Voltaic Minerals.

Andrew Hallett - Director

Andrew Hallett is a commodity transaction specialist with over 10 years of cross-commodity investment experience within investment banking, trading, and asset management. Hallett is currently a partner at Rice Capital and an investment advisor specialized in alternative investments, focusing on upstream metals and mining investments in critical raw materials. Hallett received a bachelor’s of arts in economics from the Augustana Faculty of the University of Alberta and a master’s of science in finance from the London School of Economics. He was previously a director within the commodities investments group at BTG Pactual Commodities, responsible for all principal investments and structured finance transactions in metals, mining and energy. His prior experience includes commodity investment roles within global markets at Deutsche Bank as a senior structured originator and as a director at Natsource Asset Management.

Chris Cooper - Director

Chris Cooper has over 20 years of management and finance experience in the oil and gas, mining and technology industries. Cooper received his B.A. from Hofstra University and his M.B.A. from Dowling College, both in New York State. He has been involved in the creation and funding of several oil and gas issuers, including Choice Resources Corp., an intermediate oil and gas producer, before it was taken over in August 2007 by Buffalo Resources Corp. Cooper also sits on the board of other junior public companies, including Counterpath Corporation, Westridge Resources Inc, Bullion Gold Resources Corp. and Planet Mining Exploration Inc. He has sat on the audit committee of many public companies in several different industry sectors and has a broad, comprehensive knowledge of financial reports.

Darryl Jones - Director

Darryl Jones has over 15 years of capital market experience and an estab­lished financial network. Jones was an investment advisor in Canada with PI Financial and Raymond James. He was responsible for raising significant risk capital for growth companies in all sectors, focusing on natural resources.

Pedro Mauricio Torres - Technical Advisor

Pedro Mauricio Torres is a metallurgical Engineer with 17 years of experience in operation, process and projects of chemical plants. He has 10 years of experience in SQM Salar, where he participated in developing the new lithium hydroxide plant, expansion of the lithium carbonate plant to 70,000 tonnes per year. In recent years, Torres has also worked as process advisor for Galaxy Lithium, Tianqi Lithium and Eramet Chilean Lithium Salars.

Adrian Sergio Arias - Technical Advisor

Adrian Sergio Arias has over 22 years of experience in the operation of various chemical plants. Arias has dedicated the last seven years to developing technologies and process improvements for the processing of lithium brines. He has also worked in exar with Lithium Americas to develop the Cauchari Lithium project, recently taking on the position of process manager of Galaxy Lithium in the Sal de Vida project, located in the Salar del Hombre Muerto.

FY22 Full Year Results Briefing

FY22 Full Year Results Briefing

Allkem Limited (ASX|TSX: AKE) ("Allkem" or "the Company") will release its Full Year Results on Thursday, 25 August 2022.

Managing Director and CEO, Mr. Martín Pérez de Solay and CFO, Neil Kaplan will conduct a live webcast briefing at 09:00 am AEST (Brisbane, Sydney, Melbourne) on the same day.

News Provided by GlobeNewswire via QuoteMedia

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Rockwood Holdings was on that list as well before it was acquired by Albemarle several years ago.

However, the list of the world’s top lithium-mining companies has changed in recent years. The companies mentioned above still produce the majority of the world’s lithium, but China also accounts for a large chunk. It was the third largest lithium-producing country in 2021 in terms of mine production, behind Australia and Chile.

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Allkem Ltd

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Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, and Olaroz. The majority of the company's revenue is derived from the Olaroz segment. Its products are classified into minerals, refined products and boric acid used in various markets from agriculture, ceramics, glass, gold assay and smelting fluxes, wood protection and a variety of specialty applications. The company generates maximum revenue from Olaroz segment.

Sociedad Quimica y Minera S.A.

Sociedad Quimica y Minera S.A.

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