Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

Alpha Lithium Files Significantly Improved Resource Estimate for Tolillar Salar, Argentina

by August 22, 2023
August 22, 2023
Alpha Lithium Files Significantly Improved Resource Estimate for Tolillar Salar, Argentina

Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) (‘ Alpha ‘ or the ‘ Company ‘) is pleased to announce that the Company has filed an updated NI 43-101 mineral resource estimate in respect of the Company’s Tolillar Salar with an effective date of August 8, 2023 (the ‘Resource Estimate’), on SEDAR. The full report is available under the Company’s profile at www.sedar.com and will be available on its website at www.alphalithium.com .

One week after announcing its inaugural Preliminary Economic Assessment(‘ PEA’) with an after tax NPV of US$1.5 billion, Alpha increased the ‘indicated resource’ by 70% to 3.6 million tonnes of Lithium Carbonate Equivalent (‘LCE’) and increased their ‘inferred resource’ by 20% to 1.4 million tonnes of LCE. A link to the significantly improved Resource Estimate July 17, 2023, news release can be found on the Company’s website www.alphalithium.com/news .

Alpha’s updated Resource Estimate was utilized to prepare Alpha’s second PEA (see August 14, 2023, news release ), in as many months.

Tolillar Salar represents one of the last, large, independent, wholly owned lithium brine salars in the world, and after incorporating the latest technical data from this Resource Estimate, Tolillar has become an even larger and longer-lived operation.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION

‘Brad Nichol’

Brad Nichol
President, CEO and Director

For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
relations@alphalithium.com
www.alphalithium.com

About Alpha Lithium (NEO: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina’s last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned ‘Lithium Triangle’. In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world’s highest quality, longest producing, lithium salars. Other companies in the area exploring for lithium brines or currently in production include Allkem Limited, Livent Corporation, and POSCO in Salar del Hombre Muerto; Allkem Limited in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari. For more information visit: www.alphalithium.com .

Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipate’, ‘expects’ and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further brine process testing and exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Skyharbour Resources Receives $1.65 Million from Warrant Exercises
next post
Toggle3D.ai Approved and Now Trading on the OTCQB Exchange Under the Ticker TGGLF

Related Posts

Baselode Announces Brokered Private Placement for up to...

September 26, 2023

Metals Australia

May 28, 2024

Platinum Price Forecast: Top Trends That Will Affect...

January 25, 2024

Prismo Metals’ Los Pavitos Gold Footprint Grows 2.5...

February 24, 2024

Aston Bay and American West Metals Confirm High...

November 28, 2023

Bitcoin Well Launches Cash Vouchers For Canadian Customers

April 16, 2024

First Assays Confirm Thick Copper Zone and Significant...

May 2, 2024

Purepoint Uranium Commences Initial Drill Program Along Groomes...

March 17, 2025

HMW Project Achieves 1,000t LCE Contained Inventory as...

April 29, 2024

Victory Sells Tahlo Lake Property in British Columbia

April 27, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved