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Alpha Lithium Corporation - $aphlf STOCK NEWS

Welcome to our dedicated page for Alpha Lithium Corporation news (Ticker: $aphlf), a resource for investors and traders seeking the latest updates and insights on Alpha Lithium Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alpha Lithium Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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-0.92%
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Rhea-AI Summary
Alpha Lithium Corporation has filed the final NI 43-101 Preliminary Economic Assessment (PEA) for Tolillar, a lithium brine salar. The PEA provides an independent economic assessment of the potential value of Tolillar based on the lithium resources outlined in the September 2022 maiden resource estimate. The company expects to update the resource estimate soon. The PEA, prepared by Ausenco Chile Limitada, is conservative but allows for improvement as Tolillar is further explored and developed. Tolillar is one of the last large, independent, wholly-owned lithium brine salars globally and has the potential to become an even larger and longer-lived operation.
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1%
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Rhea-AI Summary
Alpha Lithium Corporation comments on shareholder feedback regarding hostile offer. Board determines offer is not in the best interests of the company or its shareholders.
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-0.95%
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Rhea-AI Summary
Kyle Stevenson, a major shareholder of Alpha Lithium Corp., opposes Tecpetrol Investments S.L.'s bid due to inadequate valuation and predatory structure. He believes the bid undervalues Alpha's Tolillar asset and fails to deliver value to shareholders. The bid price of $1.24 represents a ~15% discount to Alpha's closing price on June 23, 2023. Tecpetrol wants to acquire all of Alpha's assets, including Hombre Muerto and over $30 million in cash, for no additional consideration. Stevenson encourages Tecpetrol to engage in a constructive manner and offer a fair price for Alpha and/or its Tolillar asset.
Rhea-AI Impact
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-0.6%
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Alpha Lithium Corporation recommends rejecting the hostile offer from TechEnergy Lithium Canada Inc. The offer is deemed inadequate and undervalued by the Board of Directors. The Hostile Offer price of $1.24 per Common Share is at a 13% discount to the share price. Alpha has received an inadequacy opinion from PI Financial Corp. Tecpetrol is attempting to disrupt Alpha's ongoing Strategic Review. The Hostile Offer is highly conditional, giving Tecpetrol unfair options. Alpha advises shareholders to take no action.
Rhea-AI Impact
Rhea-AI Sentiment
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1.17%
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Alpha Lithium Corporation announces the imminent filing of an independent technical report for its properties in the Salar del Hombre Muerto in Argentina. The report identifies conductive sedimentary and halite facies compatible with brine-saturated horizons. The company's land position is adjacent to industry leaders such as POSCO and Livent Corp. An 18-hole exploration program is recommended, with a drilling campaign expected to cost around US$11 million. The company currently has over $30 million in cash.
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-0.93%
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Alpha Lithium Corporation has received an unsolicited takeover bid from TechEnergy Lithium Canada Inc., a subsidiary of Tecpetrol Investments. The board of directors will review the offer and make a recommendation to shareholders within 15 days. Alpha Lithium urges shareholders to take no action until the review is complete.
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0.46%
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Alpha Lithium responds to Tecpetrol's unsolicited takeover bid offer
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7.89%
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18.06%
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Alpha Lithium Corporation

OTC:APHLF

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207.81M
66.65M
110.88%
2.27%
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