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Alpha Lithium Corporation (OTC: APHLF) has received conditional approval from the NEO Exchange for its common shares and warrants to be traded. This uplisting will facilitate a delisting from the TSXV without disrupting current trading activities. The final listing approval is contingent on meeting specific NEO conditions. The company aims to attract a broader base of institutional investors through this upgrade, reinforcing its operational advancements. Additionally, minor adjustments to the equity incentive plan are required, pending shareholder approval at the upcoming annual general meeting.
Alpha Lithium Corporation (OTC: APHLF) is advancing its lithium production capabilities by initiating detailed engineering for a pilot plant in Argentina's Lithium Triangle. The company aims to scale up production to 40,000 tonnes of high-purity lithium carbonate annually. Currently holding $44 million in cash, Alpha is well-positioned for growth. The pilot plant, designed by Imec Ingeneria, will utilize a modular and mobile approach for cost savings and efficiency. Notably, Mario Portillo, a lithium expert, has joined to oversee the project, enhancing Alpha's expertise in the field.
Alpha Lithium Corporation (OTC: APHLF) has announced significant operational updates regarding its lithium projects in Argentina. The company is starting a Vertical Electrical Sounding (VES) survey at its Salar del Hombre Muerto and preparing for its inaugural NI 43-101 Resource Estimate at Tolillar Salar. With $44 million in cash, Alpha is well-funded for its drilling and exploration activities. The company has noted improvements in lithium concentrations at Tolillar, which is strategically located near major producers, enhancing its market potential.
Alpha Lithium Corporation (OTC: APHLF) has announced the acquisition of two mining properties, totaling 3,800 hectares in Argentina's Salar del Hombre Muerto, a premier lithium area. This acquisition boosts Alpha's control to 5,072 hectares, making it the second-largest landholder in the region, just behind Posco. Following Posco's significant investment increase to US$4 billion, Alpha plans to commence drilling soon. The company will pay APH 2.5 million common shares and up to US$225,000 for the properties, contingent on regulatory approvals.
Alpha Lithium Corporation (OTC: APHLF) has provided an operational update on its Tolillar Salar, revealing that over $44 million in cash reserves will support ongoing development. The company has decided to provisionally suspend its transaction with Uranium One, which intended to acquire 15% of Tolillar for $30 million. Despite this setback, Alpha reports significant unsolicited interest from major electric vehicle supply chain companies. The company is advancing its drilling operations with four rigs and plans to expand facilities to enhance lithium production capabilities.
Alpha Lithium Corporation has announced a significant investment of US$30 million from Uranium One Group, granting them a 15% ownership stake in Alpha's Tolillar Salar in Argentina. This deal implies a project value of US$529 million, with potential additional consideration of up to US$75 million. The funds will be allocated for further drilling, infrastructure, and feasibility studies, paving the way for commercial production. The transaction is expected to close on January 31, 2022.
Alpha Lithium Corporation (OTC: APHLF) has announced positive results from its drilling program at the Tolillar Salar in Salta Province, Argentina. The six-well campaign confirmed lithium grades between 194 and 351 mg/L and demonstrated improved flow rates up to 130 m³/hour. The brine showed low impurity levels, with a magnesium to lithium ratio of around 5.0, indicating quality resource potential. Following these results, Alpha plans to drill additional wells and expand their geophysical studies to further define the lithium resource.
Alpha Lithium Corporation (OTC: APHLF) has signed an agreement to acquire a 100% interest in a property in Argentina's Salar del Hombre Muerto, expanding its landholdings to 5,072 hectares. This strategic acquisition positions Alpha as one of the largest lithium developers in the region, alongside major players like POSCO. The company plans to start drilling after obtaining necessary permits, leveraging its strong local presence. The acquisition involves option payments totaling $1.3 million, with a finder’s fee of 10% of the total agreement consideration.
Alpha Lithium Corporation (OTC: APHLF) has announced a trading symbol change in the US following a CUSIP update due to the spin-out of Beta Energy Corp. As of August 6, 2021, the company's shares will now trade under the symbol APHLF, while retaining the symbol ALLI on the TSX Venture Exchange in Canada. The company anticipates that volatility in US trading will stabilize soon. Alpha has confirmed no undisclosed adverse events are affecting its operations, which are reportedly progressing positively.