Alpha Lithium Corporation (ALLI) News

APHLF: Shareholders will receive C$1.48 per Alpha share

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) — Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha“) or the (“Company”) is pleased to report that its interim consolidated financial statements and associated management’s discussion and analysis for the three and nine months ended September 30, 2023 have been filed under the Company’s profile at www.sedarplus.ca.

The Company also advises that, pursuant to the planned transition of management following the expiry of Tecpetrol Investments S.L.’s board-recommended offer to acquire all of the common shares of Alpha for $1.48 in cash per share, Brad Nichol has resigned from his role as President and CEO of the Company. Jorge Dimópulos, Director and Chairman of Alpha will replace Mr. Nichol as Interim CEO. Further, Juan José Mata, Director of the Company, will replace Nathan Steinke as Interim CFO.

Brad Nichol, former Director, President & CEO of Alpha stated, “I am immensely proud of what the Alpha team has accomplished during my tenure as President & CEO. I am grateful to, and thankful for the support of, Alpha’s shareholders throughout this journey.” Going forward, Mr. Nichol may be reached at https://www.linkedin.com/in/brad-nichol-7a986329a/.

The Company thanks Messrs. Nichol and Steinke for their years of dedicated service to the Company, and wishes them the best in their future endeavors.
https://alphalithium.com/alpha-lithium-reports-on-q3-announces-management-changes/

Tecpetrol Bid and Hombre Muerto Drilling Update
https://alphalithium.com/tecpetrol-bid-and-hombre-muerto-drilling-update/

Oscar Vargas Villazon
Lithium economics expert, Socio Fundador empresa TKN sr

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TECPETROL acquires ALPHA LITHIUM and joins the star sector. #chile, #argentina, #bolivia, #lithium, #oscarvargasvillazon, October 26, 2023
ALPHA LITHIUM
the presentation of the company ALPHA LITHIUM.
Alpha Lithium is a Canadian-based lithium developer with lithium-in-brine projects in the Argentine Lithium Triangle.
In the last two years, ALPHA LITHIUM has acquired a significant project in one of the last undeveloped lithium salt flats in Argentina, with an extension of approximately 27,500 hectares in the Tolillar salt flat. As well as a project of approximately 5,000 hectares in the SALAR DEL HOMBRE MUERTO, one of the best and oldest salt flats in the world, 20 years old.
The two projects are surrounded by multi-billion dollar lithium producers who have been actively producing lithium for decades.
For example, lithium producer LIVENT is strategically located just 10 kilometers away and operates its high-quality, low-impurity PHOENIX project, with a current market capitalization of US$3 billion. Also nearby is POSCO, ALLKEM, LITHIUM X FROM TIBET SUMMIT RESOURCES, MILLENIAL LITHIUM FROM LITHIUM AMERICA. Gangfeng lithics.
The property in the Salar de Tolillar:
It is considered a flagship project and covers 27,500 hectares with 10 exploration concessions.
Quick-access infrastructure connects the project site with Salta and San Antonio de los Cobres through paved road networks, natural gas reserves, and an on-site skilled workforce.
4.-Project Details:
Initial analyses in a 2015 sampling campaign yielded lithium concentrations of up to 504 milligrams per liter.
More recent results produced values between 345 and 351 milligrams of lithium per liter of brine. Since the level of impurities in the recovered lithium concentrate is between 4.9 and 5.37%, EL SALAR DE TOLILAR is among the purest lithium brines in all of Argentina.

NEGOTIATIONS
TECPETROL announced the success of the public offering to the shareholders of ALPHA LITHIUM, by acquiring 54% of the issued and outstanding shares of Alpha. It is estimated that the purchase exceeded $150 million in Canada, or US$110 million in the United States. That's US$3,986/ha.
TECPETROL INVESTMENTS S.L., a member of the Techint Group, announced that its 100% subsidiary, TechEnergy Lithium Canada Inc., has taken and acquired 102 million common shares of Alpha Lithium Corporation, representing approximately 54% of the issued and outstanding shares of Alpha, pursuant to its offer to acquire Alpha for C$1.48 in cash per share.
https://www.linkedin.com/feed/update/urn:li:activity:7123268058885820416/

Alpha Lithium
An Undeveloped Large Area Play Surrounded by Success

Alpha Lithium has brought together a team of industry professionals and experienced stakeholders who bring a big picture de-risked proven approach to global lithium mining.

While the relentless interest and increasing demand for lithium continues to grow, our team believes that the worldwide commercial interests won’t be waiting for new sources and processing methods – the reality is that the Argentine region of the “Lithium Triangle” hosts the most experienced personnel and infrastructure ever assembled to service the advanced needs of major producers that virtually surround our areas of interest. Instead of thinking in terms of decades to production, we know that lithium brine extraction is a commercially proven success story in daily production throughout the region.

Alpha Lithium has leveraged it’s connections and expertise to initially assemble a significant and highly prospective land package that has remained free from extensive exploration or development to-date. The preliminary geophysics and trend data suggested that the entire Tolillar Salar was worthy of extensive study and could be capable of an accelerated development program based on results. Therefore, our investigation led us to seek 100% ownership of 27,500 hectares (67,954 acres) of the Tolillar Salar. Subsequent work programs included 15 exploration wells drilled and the discovery of significant freash water supply. Drill results show 2.1m tonnes LCE indicated and 1.2m tonnes LCE inferred, and tested to 504 mg/L with only 32% of the salar explored to-date. Our second project area is in the nearby world famous and extremely productive Hombre Muerto salar. We have aquired 5,000 hectares so far and llithium concenterations have been reported up 2,000 mg/L with low impurities (2.5:1 Mg:Li) in a region bordered by major players such as Livent, POSCO and Allkem. Please review our materials and reach out to contact us if you have any questions. This truly could be the last big lithium opportunity in this world-famous, proven and productive region.
https://alphalithium.com/our-company/