US$1.5 billion after tax NPV8 with an IRR of 25.1% US$5.3 billion of cumulative free cash flow over a 25-year mine life 3.8-year after-tax payback period from start of production Significant upside potential remains from recently drilled wells not yet included in this PEA VANCOUVER, British Columbia, July 10, 2023 -- Alpha Lithium Corp. , a company developing a portfolio of highly prospective lithium assets in Argentina [...]
Alpha Lithium Corp. today commented on shareholder feedback received in connection with the hostile offer for the common shares of Alpha announced June 8, 2023, including the open letter published on June 26, 2023 by Alpha's major shareholder Kyle Stevenson. The Board unanimously determined that the Hostile Offer is not in the best interests of the Company or its current shareholders. Brad Nichol, President and CEO of the [...]
Kyle Stevenson, a strategic advisor and major shareholder of Alpha Lithium Corp. , issues an open letter to his fellow shareholders declaring his opposition to the price and structure of Tecpetrol Investments S.L.'s hostile bid. The full text of the letter is included below: To my fellow shareholders, My name is Kyle Stevenson. I currently own 9,200,000 common shares of Alpha and securities convertible to acquire [...]
Alpha Lithium Corp. today announced that the Board of Directors of Alpha , based on the unanimous recommendation of the Special Committee of independent directors, recommends that Alpha shareholders REJECT the hostile offer from TechEnergy Lithium Canada Inc., a recently formed subsidiary of Tecpetrol Investments S.L. , for the common shares of Alpha . The Board unanimously determined that Tecpetrol's Hostile Offer is not [...]
Alpha Lithium Corp. announces that it will imminently file an independent technical report prepared in accordance with National Instrument 43-101 with respect to the Company's properties in the Salar del Hombre Muerto, located in Argentina. Hombre Muerto neighbors Alpha Lithium's Tolillar Salar, located less than 15 kilometres to the northwest. The Report was prepared by Dr. Mark King of Groundwater Insight Inc., an [...]
Alpha Lithium Corp. announces that it has received an unsolicited takeover bid from TechEnergy Lithium Canada Inc., a subsidiary formed five days ago by the Spanish firm Tecpetrol Investments S.L. . The board of directors of Alpha Lithium and its special committee of independent directors will review the Tecpetrol Offer and related takeover bid circular with their financial and legal advisors; after which, the Board will [...]
Alpha Lithium Corp. today responded to the June 2, 2023 announcement by Tecpetrol Investments S.L. of its intention to make an unsolicited takeover bid offer to acquire all of Alpha Lithium's issued and outstanding shares at $1.24 per share . Tecpetrol's Offer price represents a discount to the current 10-day weighted average price of $1.27 per share and a premium of only 7.8% to the share price immediately prior to [...]
Alpha Lithium Corp. , wishes to comment on the announcement by Tecpetrol Investments S.L. of its unsolicited and non-binding offer to acquire the issued and outstanding common shares of the Company for cash consideration of $1.24 per share . Tecpetrol is a company incorporated in Spain, and is a part of the Techint Group of Companies. In consultation with its financial and legal advisors, Alpha's board of directors has [...]
Alpha Lithium Corp. , a company with two substantial lithium assets in the Salta region of Argentina and over $35 million of cash on hand, is pleased to report that construction of the Company's 120 tonne per annum pilot plant is nearing completion and is expected to commence test production of high-quality lithium carbonate in Q2/Q3 2023. The pilot plant has the potential to utilize brine from both the 27,500-hectare [...]
Alpha Lithium Corp. is pleased to announce that the board of directors of the Company has approved the adoption of a shareholder rights plan pursuant to a shareholder rights plan agreement entered into with Computershare Trust Company of Canada, as rights agent dated February 14, 2023 . The adoption of the Rights Plan is intended to ensure, to the extent possible, that all shareholders of the Company are treated fairly in [...]
Alpha Lithium Corp. is pleased to report that an independent fresh water recharge study on its 100% owned Tolillar Salar asset has confirmed the on-site fresh water source is more than sufficient to support the Company's planned 50,000 tonnes per annum lithium chemicals production facility. The preliminary Study, initiated eight months ago, indicates that the fresh water aquifer located within the Tolillar Salar mining [...]
Alpha Lithium Corp. is pleased to report that it has received licenses to commence exploration operations on its properties in the Salar del Hombre Muerto in Argentina. The Company is already performing the mandatory health and safety checks of the rig and crew on the initial drilling rig, which it expects to mobilize to commence drilling before the end of this month. Alpha has secured a second drilling rig, which is s [...]
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