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Alpha Lithium Corp
Symbol ALLI
Shares Issued 156,494,880
Close 2022-05-20 C$ 1.05
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Alpha Lithium cancels Tolillar agreement

2022-05-20 21:00 ET - News Release

Mr. Brad Nichol reports

ALPHA LITHIUM ANNOUNCES TERMINATION OF TOLILLAR AGREEMENT

Alpha Lithium Corp. has confirmed the termination of the previously announced transaction in respect of the Tolillar property with Uranium One Group. The company continues to evaluate prospective opportunities as they arise with the aim of aggressively advancing the Tolillar property in Argentina.

About Alpha Lithium Corp.

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto salars. In Tolillar, it has assembled 100-per-cent ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighbouring multibillion-dollar lithium players in the heart of the renowned Lithium Triangle. In Hombre Muerto, it continues to expand its 5,000-plus-hectare (12,570 acres) foothold in one of the world's highest-quality and longest-producing lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Ltd., Galaxy Lithium, Livent Corp. and Posco in salar del Hombre Muerto; Orocobre in salar Olaroz; Eramine SudAmerica SA in salar de Centenario; and Gangfeng and Lithium Americas in salar de Cauchari.

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