Alpha Lithium

Alpha Lithium Corp. specializes in sustainable lithium mining in Argentina’s Lithium Triangle, managing the Tolillar and Hombre Muerto projects. Utilizing advanced Direct Lithium Extraction technology, the company supports the growing electric vehicle battery market. Acquired by Tecpetrol in 2023.

Company Location

Country:

Canada

City:

Vancouver, British Columbia

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Company Overview

Alpha Lithium Corp. is a mineral exploration company specializing in lithium mining within Argentina’s Lithium Triangle. Founded to develop sustainable lithium resources for battery production, it operates primarily through Alpha Lithium Argentina SA with headquarters in Vancouver, Canada. The company manages two main projects, the Tolillar Project and the Hombre Muerto Project, located in Salta province near other established lithium producers.

Battery Technology

Alpha Lithium employs advanced Direct Lithium Extraction (DLE) technology at its Tolillar Salar project, with lithium concentrations up to 504 mg/L and a pilot plant producing 120 tpa lithium carbonate. Its Hombre Muerto project features higher lithium concentrations of up to 1,200 mg/L with low impurities, enabling efficient battery-grade lithium production. The company is planning to expand Tolillar to a 50,000 tpa commercial plant, applying cutting-edge lithium extraction and processing equipment.

Products

The company produces battery-grade lithium carbonate, initially targeting 25,000 tonnes per annum from the Tolillar project with expansion plans to 50,000 tpa. The pilot plant validates industrial-scale DLE processes essential for efficient, high-quality lithium product output supporting electric vehicle battery manufacturers.

Recent Projects

The flagship Tolillar project features a Preliminary Economic Assessment with a C$2.3 billion NPV (8% discount) and a 25.6% IRR over a 35-year production life. The company is completing a pilot plant to prove commercial viability and is progressing toward a commercial plant. Alpha Lithium holds 100% interest in nearby Hombre Muerto, focusing on exploration and future development with strategic location advantages in Argentina’s Lithium Triangle.

Investors

Tecpetrol Investments S.L., part of the Techint Group, acquired Alpha Lithium in 2023 via privatization at C$1.48 per share, making it a wholly-owned indirect subsidiary. Uranium One invested $30M for a 15.0% stake with rights to increase to 50.0% in the Tolillar project; however, this agreement was later canceled as Alpha Lithium pursued independent development.

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