allif stock

Alpha Lithium to Acquire 3,800 Ha in Renowned Productive Region of Argentina

 

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 that it has entered a Letter of Intent (" LOI ") to acquire an unencumbered, 100% ownership position of 3,800 Hectares (the " Property ") in Argentina's Hombre Muerto Salar, which is widely understood to be one of the world's highest quality productive lithium brine salars, comparable only to the Salar de Atacama in Chile.

 

The Company has signed a LOI with Argentina Prime Holdings Inc. (" TargetCo "), the owner of the Property, to issue 5 million common shares of the Company in exchange for 100% of the issued and outstanding securities of TargetCo (the " Acquisition ").

 

Alpha will find itself surrounded by major players in Hombre Muerto, which is known for its premium quality brine, offering record high lithium concentrations and exceptionally low impurities. This combination is proven to be excellent raw material for ultra-high-purity lithium chemicals.

 

Hombre Muerto is the highest quality lithium deposit in Argentina. It is home to Livent Corp's Fenix operation, which has been in commercial production for over 25 years. Hombre Muerto also houses Korean giant, POSCO's Sal de Oro project, which it acquired from Galaxy Resources Limited ("Galaxy") for US$280 million. Additionally, the southern portion of Hombre Muerto is home to Galaxy, who recently announced an AU$4 billion merger with Orocobre Limited.

 

Together, the Salar de Atacama and the Salar del Hombre Muerto provide between 50-70% of the world's lithium supply 1 ( Mercado & Cordova 2015, p. 8 ), ( ABC Del Litio Sudamericano, F. Nacif 2018 ).

 

On completion of the Acquisition, Alpha will earn a 100% working interest in the Property with no third-party royalties or encumbrances. A small Vertical Electrical Sounding ("VES") survey has been conducted on the property, confirming the presence of the well-known, underlying productive zones of the Hombre Muerto Salar. The Company plans to immediately initiate drilling in the area. This approach is consistent with the aggressive exploration campaign Alpha has undertaken at its Tolillar salar operation which is located only a few kilometers away. Numerous synergies between Tolillar and Hombre Muerto were identified prior to Alpha's entry into the Acquisition process, some of which include plentiful access to fresh water (available in Tolillar but limited in Hombre Muerto), year-round road infrastructure (in both salars) and an existing natural gas pipeline to provide sufficient energy to a future industrial operation (already existing on Hombre Muerto).

 

Brad Nichol, President and CEO, commented, "This incredible and sizeable acquisition is a huge opportunity for the Company and supports Alpha's long-term vision of advancing the company into a Lithium producer. Our team, who are very familiar with and experienced in Hombre Muerto, intimately understand its geology and brine chemistry and have a vast technical advantage over many other operators in the region, primarily based on their decades-long experience operating specifically in Hombre Muerto salar. After recently establishing proof of concept in Tolillar, today's announcement is our first major move into a very well known, world-class, producing salar and I hope to continue on that trend. My team and I are intent on building a truly exceptional Company with first-class assets."

 

The Acquisition is subject to a number of customary closing conditions, including the approval of the TSX venture Exchange and the satisfactory result of Alpha's due diligence reviews. The Company will provide updates as these activities progress.

 

  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 Salar. Together, 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". Other companies in the area exploring for lithium brines or currently in production include Galaxy Lithium, Livent, 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  

 

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

 

  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 failure to satisfy the conditions of the relevant securities exchange(s) 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.

 

  1 Mercado, Alexis; Cordova, Karenia (January 2015). "Transformaciones disruptivas de los sistemas tecnológicos de baterías e impulsión automotriz: Desafíos tecnoproductivos para Suramérica" (PDF). In Nacif, Federico; Lacabana, Miguel (eds.). ABC DEL LITIO SUDAMERICANO. Soberanía, ambiente, tecnología e industria (1 ed.). Ediciones del CCC Centro Cultural de la Cooperación Floreal Gorini ; Quilmes : Universidad Nacional de Quilmes. pp. 73–103 – via ResearchGate.

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Salt flats with text overlay: '5 Top Australian Mining Stocks This Week'

Top 5 Australian Mining Stocks This Week: Argosy Climbs 89 Percent on Rincon Lithium Spot Contract

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top performing stocks includes firms focused on a wide variety of metals, including lithium, rutile and manganese. Lithium stocks, including top gainer Argosy Minerals (ASX:AGY), picked up momentum this week as prices moved upwards for a second straight week.

Companies focused on magnetite and rare earths were also among the week's top performers, including Freehill Mining (ASX:FHS), which saw its shares surge following insider buying from key executives including Chairman Benjamin Jarvis.

Keep reading...Show less
Metallic battery with a world map etched on it, against a dark background.

3 Key Themes from Fastmarkets' 2025 Lithium Supply & Battery Raw Materials Event

Market volatility, Chinese control, supply chain risk mitigation and financing emerged as some of the most prevalent themes at the 2025 Fastmarket’s Lithium Supply Battery Raw Materials (LBRM) conference in Las Vegas.

The event, which is in its 17th year, drew a crowd of roughly 1000 delegates, industry experts and analysts, to discuss the current landscape and future projections of the battery materials sector.

During his opening remarks, Fastmarkets CEO Raju Daswani highlighted the growth and maturation the battery raw materials sector has experienced.

Keep reading...Show less
Metals Australia (ASX:MLS)

Metals Australia


Keep reading...Show less
Futuristic skyline with electric car chargers and glowing cityscape at sunset.

Expert: African Lithium Key to China's Battery Supply Chain Dominance

With the global shift to electric vehicles (EVs) accelerating, China is cementing its dominance over the lithium supply chain by pouring investment into African mines, creating a new center of gravity for the battery metal.

Speaking at the Lithium Supply Battery Raw Materials conference, Claudia Cook senior analyst at Fastmarkets offered a sweeping assessment of how China is reshaping global lithium flows and why Africa will be crucial in the next decade.

Cook laid out in detail how China’s lithium strategy is evolving. As the world’s largest EV market, China needs a consistent, low-cost supply of lithium — but its domestic production is increasingly insufficient.

Keep reading...Show less
Electric vehicle charging with blue background.

Market Pain, Strategic Gain: Pilbara Minerals' Dale Henderson on Today's Lithium Paradox

“(Lithium) is not for the faint-hearted. It demands resilience, foresight and leadership,” said Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) Managing Director and CEO Dale Henderson.

He was speaking at Fastmarkets’ Lithium Supply & Battery Raw Materials Conference, held this week in Las Vegas.

Henderson touched on three main points: current lithium market dynamics, how Pilbara Minerals is navigating the lithium landscape and his recommendations for the global lithium industry.

Keep reading...Show less

Latest Press Releases

Related News

×