Allkem Limited - $OROCF STOCK NEWS

A new wave of mergers and acquisitions is on the rise in the lithium sector, with Tecpetrol acquiring 54% equity of Alpha Lithium Corporation at a per-share bid price of C$1.48, spending over C$150M on the Alpha transaction. The lithium market is gaining momentum with the mega-merger between Allkem Limited and Livent Corporation, and potential takeout targets like Lithium South Development Corporation and Argentina Lithium & Energy Corp. Lithium South has expanded its HMN Li Project resource by 175% and has announced a newly calculated resource of 1.583Mt of LCE with a stable lithium market price of around $22,000 per tonne. The company has attracted significant investment, and the salt flat where HMN Li is located has also seen billions of dollars in investment, reflecting positively on projects like Lithium South's and Argentina Lithium & Energy Corp's Rincon West project. The mega-merger between Allkem Limited and Livent Corporation is set to reshape the lithium landscape, creating the world's third largest lithium miner by production capacity. Tecpetrol's successful takeover bid of Alpha Lithium Corporation and the ongoing drilling and well testing activities indicate a positive outlook for the lithium market.