Nichol

Alpha Lithium Files Technical Report for Highly Prospective Hombre Muerto Project in Argentina

Retrieved on: 
Tuesday, June 20, 2023
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The Report was prepared by Dr. Mark King of Groundwater Insight Inc., an expert in lithium brine salars and, specifically, in the Salar del Hombre Muerto.

Key Points: 
  • The Report was prepared by Dr. Mark King of Groundwater Insight Inc., an expert in lithium brine salars and, specifically, in the Salar del Hombre Muerto.
  • Alpha’s extensive experience in Hombre Muerto, combined with the VES results and the exploration histories of the neighboring properties, make the Hombre Muerto project highly prospective.
  • The Company currently holds just over 5,000 hectares in Hombre Muerto Salar, one of the world’s foremost lithium brine salars.
  • All operations and assets of the Company are in Argentina and are fully managed by Alpha Lithium Argentina SA (“Alpha SA”) in Tolillar, and Alpha Minerals Argentina (“AMSA”) in Hombre Muerto, utilizing local employees and consultants.

Alpha Lithium Completes Drilling in Tolillar and Initiates Exploration at Hombre Muerto

Retrieved on: 
Tuesday, June 28, 2022
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Alpha is commencing a Vertical Electrical Sounding (VES) survey on its 100% owned, 5,000-hectare property in Hombre Muerto with the intention to complement and direct the Companys upcoming drilling program.

Key Points: 
  • Alpha is commencing a Vertical Electrical Sounding (VES) survey on its 100% owned, 5,000-hectare property in Hombre Muerto with the intention to complement and direct the Companys upcoming drilling program.
  • In the Salar del Hombre Muerto, Alpha is planning to acquire an additional 45 VES points.
  • The Salar del Hombre Muerto is home to the oldest and for more than two decades sole lithium chemicals producer in Argentina, American-based Livent Corporation.
  • Brad Nichol, President and CEO of Alpha, stated, It is very exciting to start our activities in Hombre Muerto.

Alpha Lithium Secures US$30 million Investment from Uranium One with Right to Invest Additional US$185 million at Tolillar Salar, Argentina

Retrieved on: 
Monday, November 29, 2021
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Alpha has formed a wholly owned subsidiary, Alpha One Lithium B.V. (Alpha One), which will be the sole owner of Alpha Lithium Argentina S.A., which in turn, will own only the Tolillar assets.

Key Points: 
  • Alpha has formed a wholly owned subsidiary, Alpha One Lithium B.V. (Alpha One), which will be the sole owner of Alpha Lithium Argentina S.A., which in turn, will own only the Tolillar assets.
  • Alpha will retain full control of Tolillar, management, and the board, and will be responsible for deploying the invested capital.
  • Upon completion of the Feasibility Study, U1 will have the option to acquire an additional 35% of Alpha One for US$185 million.
  • The Additional Consideration would be payable directly to the Company, which would imply a total value of US$743 million for the Tolillar asset.