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Alpha Lithium adds to Argentina salar holding

Admin
May 18, 2021 Precious Metals News Comments Off on Alpha Lithium adds to Argentina salar holding



Alpha Lithium (TSX.V:ALLI) said today that it is acquiring 3,800 hectares in Argentina’s Hombre Muerto Salar.


Alpha calls it the world’s highest quality productive lithium brine salars, comparable only to the Salar de Atacama in Chile.


Alpha signed a letter of intent with Argentina Prime Holdings, the owner of the property, to issue 5 million common shares of the Company in exchange for 100% of the issued and outstanding securities of TargetCo.


“Hombre Muerto is the highest quality lithium deposit in Argentina. It is home to Livent Corp’s Fenix operation, which has been in commercial production for over 25 years. Hombre Muerto also houses Korean giant, POSCO’s Sal de Oro project, which it acquired from Galaxy Resources Limited (“Galaxy”) for US$280 million. Additionally, the southern portion of Hombre Muerto is home to Galaxy, who recently announced an AU$4 billion merger with Orocobre Limited,” writes Alpha Lithium.


Alpha’s current land holding is +27,500 hectares at Argentina’s Tolillar Salar.





Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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