Alpha Lithium Produces Lithium Hydroxide and Lithium Carbonate from Tolillar Salar, Argentina
29 Junho 2021 - 10:00AM
Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF)
(Frankfurt: 2P62) (“
Alpha” or the
“
Company”) an exploration and development company
situated in the heart of South America’s “Lithium Triangle” is
pleased to announce that after weeks of bench testing raw brine
samples from its wholly-owned Tolillar Salar, Alpha’s efforts have
yielded anticipated lab-scale quantities of Lithium Hydroxide and
Lithium Carbonate.
Beyond Lithium LLC (“Beyond Lithium”) utilized
the same raw brine samples that were previously run through Alpha’s
Direct Lithium Extraction (“DLE”) process developed in-house by the
principals of Beyond Lithium (see news release dated June 2, 2021).
That same DLE process yielded a lithium concentration of 9,474
mg/L, starting from raw brine, produced from the Tolillar
Salar.
Samples of the Lithium Hydroxide and Lithium
Carbonate have been sent from Beyond Lithium’s lab in Salta,
Argentina to SGS Canada (“SGS”) in Ontario. SGS is recognized as
the world’s leading inspection, verification, testing and
certification company. SGS will determine the purity of Lithium
Hydroxide and Lithium Carbonate, as well as provide a complete
breakdown of impurities present in the final products, if any.
Brad Nichol, President and CEO commented, “We
are elated to have actually produced both Lithium Hydroxide and
Lithium Carbonate from the Tolillar Salar, less than 18 months
after founding the Company. While this is limited bench scale
production, it showcases our strategic goal to achieve production
and our proven ability to operate at an incredible pace in
Argentina.”
The Company also wishes to report that the 2,000
Liters of raw brine from the Tolillar Salar that were sent to Lilac
Solutions Inc (“Lilac”) (see news release dated April 1, 2021) have
finally cleared customs in San Francisco and have arrived at
Lilac’s California lab testing facilities. Lilac will conduct a
larger scale Stage 1 test using their patented lithium extraction
technology with raw brine extracted directly from the Tolillar
Salar.
Alpha Lithium is intently focused on determining
the optimal DLE technology and most suitable lithium production
process for its properties in Argentina.
Concurrently, Alpha has $34.2 million in cash
and equivalents and is therefore well positioned to aggressively
pursue production and growth in Argentina’s Lithium Triangle.
ON BEHALF OF THE BOARD OF ALPHA LITHIUM
CORPORATION
“Brad Nichol”
Brad NicholPresident, CEO and Director
For more information:Alpha
Lithium Investor Relations Tel: +1 844 592
6337info@alphalithium.com
About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF)
(Frankfurt: 2P62)
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
are expanding our 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
Orocobre Limited, Galaxy Lithium, Livent Corporation, and POSCO in
Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine
SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium
Americas in Salar de Cauchari.
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.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. No securities regulatory
authority has reviewed nor accepts responsibility for the adequacy
or accuracy of the content of this news release.
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