Mr. Brad Nichol reports
ALPHA LITHIUM CONDITIONALLY APPROVED TO UPGRADE LISTING TO SENIOR CANADIAN STOCK EXCHANGE
Alpha Lithium Corp. has received conditional approval from one of Canada's senior exchanges, the NEO Exchange, to list its common shares and certain warrants for trading.
Upon uplisting to the NEO Exchange, the company will delist from the Canadian TMX Group's venture exchange, the TSX Venture Exchange. Trading of the company's securities will not be disrupted in any way.
Final approval of the listing is subject to the company fulfilling certain standard and customary conditions prescribed by the NEO Exchange. A timeline for the graduation will be announced once the company receives final approval. Upon listing on the NEO Exchange, the shares and warrants will continue trading in Canada under the same symbols ALLI and ALLI.WT, respectively, and the shares will continue trading under the symbol APHLF in the United States.
Brad Nichol, president and chief executive officer of Alpha, commented: "As the company continues making significant operational advancements, an upgrade to a more senior exchange was a natural progression. As a result of the upgrade to the NEO, we anticipate garnering more interest from the world's most significant and influential institutional investors. The NEO Exchange is also very focused on providing a customer-oriented service to companies that qualify to list. We expect this upgrade to be a win for current investors, a win for the company and a win for potential investors."
In connection with the anticipated listing, the NEO Exchange required the company to make minor adjustments to its current omnibus equity incentive plan and produce an amended and restated equity incentive plan to comply with the requirements of the NEO Exchange. The 2022 plan is subject to shareholder approval, which the company will seek at the company's upcoming annual general meeting of shareholders.
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, Alpha continues to expand its 5,000-plus-hectare (12,570 acres) 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 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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