#1 Potential Catalyst For ALLIF: Acquisition Closes
Alpha Lithium Corporation Closes Acquisition of Lithium Assets in Salta, Argentina
Large area play in Lithium Triangle moves ahead
VANCOUVER, British Columbia, March 09, 2020 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation. (TSXV: ALLI) (OTC: ALLIF) (the “Corporation” or “Alpha”) is pleased to announce that it has acquired all of the issued and outstanding shares of 1146915 B.C. Ltd. (“PrivCo”), thus completing its assembly of mineral assets located in the heart of the Argentinean “Lithium Triangle”. PrivCo owns eight lithium exploration claims which, when combined with the claims previously acquired by Alpha from PrivCo, covers approximately 27,477 hectares in Argentina (the “Claims”). In the transaction, the Corporation acquired all of the outstanding securities of PrivCo in exchange for the issuance of securities of the Corporation (the “Transaction”). The Corporation, with PrivCo as its wholly owned subsidiary, now plans to pursue the exploration and development of the Claims.
The Claims are in the Tolillar Salar (“Tolillar”), located 10km from the Hombre Muerto salar, which is Argentina’s largest and longest producing lithium source. The Company believes that previous exploration programs at Tolillar, which included geophysics, geological analysis, surface and shallow sampling, combined with its own independent geological expertise suggest the potential for high grade lithium mineralization similar to that of Hombre Muerto.
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A Solid Dozen Reasons Why Alpha Lithium (OTC: ALLIF) Could Be Best Lithium Stock In 2020
#1. Alpha Is Working in a Mining Sweet Spot – Alpha Lithium controls 68,000 acres in Argentina’s section of the world famous Lithium Triangle. Estimates suggest that the triangle holds about 54% of the world’s lithium resources. Argentina mined about 12% of the world’s lithium last year.
#2. Ready To Roll – Alpha is fully licensed and permitted to begin immediate exploration on its huge Lithium Triangle property.
#3. The Welcome Mat Is Out – Argentina’s president, Mauricio Macri, is a former civil engineer. Since elected in 2015, Macri has eliminated export taxes on minerals as well as doing away with import taxes on equipment and parts for mining operations.
#4. 125 million EVs in the Next Decade – Volkswagen will lead this drive with a goal of building 15 million EVs in the next five years. GM wants to build 1 million EVs a year.
#5. High-Performance Trend – After holding their noses at under-powered lithium batteries, Porsche, Audi, Jaguar, and Land Rover developed cutting edge motors that turn their EVs into high-performance rockets. These new motors need big batteries that use hundreds of pounds of lithium.
#6. Demand Will Likely Outstrip Supply – If the average EV battery size holds, the world is going to need at least 20.8 billion pounds, or 10.4 million tons, of lithium over the next decade.
#7. Quadrupling of Supply Just to Stay Even – Analysts believe the world’s annual lithium output needs to be about 1.1 million tons a year. That is a four and half times jump from 2018’s global demand of approximately 270,000 metric tons
#8. Residential Energy Storage – The forecast is for this market to grow as much as 700% in the next five years. The industry is already experiencing tight lithium supply against high demand.
#9. Amazon(dot)com Is Leading The Way – In a move that could define the lithium era, Amazon(dot)com just ordered 100,000 electric powered trucks for its delivery fleet.
#10. Alpha Is In Exceptional Company – Alpha Lithium’s publicly traded neighbors in the Lithium Triangle sport a combined $16 billion market cap.
#11. Juniors Explore, Majors Buy – It’s surrounded by major players, because of that there could be a buyout to amply reward Alpha Lithium’s early investors because Alpha could own the last huge lithium property in Argentina’s portion of the Lithium Triangle.
#12. Biggest Wild Card of All – Tesla (TSLA) has regained investors’ faith. It’s CEO, Elon Musk, believes battery metals are so critical to sustain growth that he’s looking to buy a lithium mine. In the U.S., there are tons of regulatory hurdles. Alpha’s vast property, in the heart of the Lithium Triangle, is shovel ready.