Alpha Lithium Corp. is a mineral exploration company specializing in lithium mining operations within Argentina’s renowned “Lithium Triangle.” The company manages two significant projects: the Tolillar Project and the Hombre Muerto Project. These locations are strategically positioned near established lithium producers, making them valuable assets in the growing lithium market. With a focus on sustainable mining practices and professional expertise, Alpha Lithium aims to meet the increasing demand for lithium, particularly in electric vehicle battery production. The company maintains its corporate headquarters in Vancouver while conducting its primary operations through Alpha Lithium Argentina SA in Argentina’s Salta province, where both major projects are located.
Battery Technology
Alpha Lithium’s contribution to battery technology centers on its advanced lithium extraction and processing capabilities. The company employs Direct Lithium Extraction (DLE) technology at its Tolillar Salar project, which has demonstrated significant resource potential with 2.1 million tonnes of indicated lithium carbonate equivalent (LCE) and 1.2 million tonnes of inferred LCE. The site has shown promising lithium concentrations up to 504 mg/L.
The company’s Salar del Hombre Muerto project further enhances its technological capabilities, with recorded lithium concentrations reaching 1,200 mg/L and notably low impurity ratios (2.5:1 Mg:Li). This high-quality output is essential for battery manufacturers, as it requires less processing to achieve battery-grade specifications.
A 120-tonnes-per-annum pilot plant at the Tolillar Salar demonstrates the company’s technical advancement in lithium processing. This facility tests industrial-scale DLE processes and standard lithium processing equipment, providing crucial data for future commercial operations. The planned expansion to a 50,000 tpa commercial plant showcases Alpha Lithium’s commitment to large-scale, efficient lithium production for the battery industry.
Recent Projects
In late 2023, Alpha Lithium released an improved Preliminary Economic Assessment for the Tolillar project, revealing impressive financial metrics. The assessment showed an after-tax Net Present Value of C$2.3 billion (8% discount rate) and a 25.6% Internal Rate of Return. The project anticipates a 35-year production life with an average lithium carbonate price of $23,146 per tonne. The company is also completing construction of its pilot plant, which will validate the commercial viability of their extraction processes.
Investors
Tecpetrol Investments S.L., a subsidiary of the Techint Group, acquired Alpha Lithium in 2023 through a privatization deal valued at C$1.48 per share. The acquisition integrated Alpha Lithium as a wholly-owned indirect subsidiary of Tecpetrol, leading to its delisting from the NEO Exchange. This merger aligns with Tecpetrol’s Energy Transition Unit’s strategy to invest in decarbonized energy sources, strengthening Alpha Lithium’s position in the lithium market.
Business Details
Location: Vancouver, British Columbia, Canada
Operational facilities: Tolillar Salar Project: Salta Province, Argentina; Hombre Muerto Project: Salta Province, Argentina
Website: https://alphalithium.com
LinkedIn: https://www.linkedin.com/company/alpha-lithium/
