Alpha Lithium Shares to Up-List to Senior Canadian Exchange – Investing News Network

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) ("Alpha" or the "Company") is pleased to announce that, effective as of market open on September 20, 2022, the Company's common shares and certain warrants will commence trading on the NEO Exchange under ticker symbols "ALLI" and "ALLI.WT," respectively. In connection with the NEO Exchange listing, the Company's securities will be delisted from the Canadian TMX Group's venture exchange, the TSX Venture Exchange (the "TSXV"), after market close on September 19, 2022.
Existing shareholders will experience no disruptions and are not required to take any action as a result of the uplisting to one of Canada's senior stock exchanges, the NEO Exchange.

Brad Nichol, President & CEO of Alpha commented, "This is an important milestone for Alpha, as the uplisting is expected to increase liquidity, exposure and reach a broader range of global, institutional investors. Today's announcement is reflective of many exciting growth developments occurring within the Company."
The Company is also pleased to announce that Chris Cooper, a director of the Company, has replaced Sean Charland on the Company's Audit Committee. Alpha's Audit Committee represents a highly experienced, diverse, multinational group of professionals, including Foster Wilson (USA), Andrew Hallett (UK) and Chris Cooper (Canada).
About the NEO Exchange
NEO Exchange is a senior, progressive, Canadian stock exchange that brings together investors and capital raisers within a fair, efficient, and service-oriented environment. Fully operational since June 2015, the NEO Exchange puts investors first and provides access to trading all Canadian-listed securities on a level playing field. The NEO Exchange lists non-venture companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION
"Brad Nichol"
Brad Nichol
President, CEO and Director
For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
relations@alphalithium.com

www.alphalithium.com
About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1)
Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ 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 Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the results of further brine process testing and exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
Neither the NEO Exchange, TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
Source

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The famous Triángulo del Litio — the Lithium Triangle — is an under-explored area that is becoming a major host for investor-friendly projects prepared to embrace the potential of a lithium-powered future.

Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) is one of many pursuing lithium in this region, given its potential to be one of the last greenfield project opportunities in this section of the world.

Alpha Lithium is a development company that is focused on highly prospective lithium production of its Tolillar Salar project in Salta province, Argentina.

The company has been able to leverage its 100-percent ownership and work towards repeating the successes of its highly established lithium producing neighbor. There is promising potential for Alpha Lithium to thrive as the company is surrounded by notable players.

Alpha Lithium’s flagship Tolillar Solar project is located in Northwest Argentina near the heart of the Lithium Triangle. Its highly accessible infrastructure connects the project site to Salta and San Antonio de Los Cobres by paved road networks, natural gas resources and a skilled local workforce.

The company recently purchased two mining properties in the renowned Salar del Hombre Muerto, Argentina. Nestled right alongside its existing property, the company controls interest in a total of 5,072 hectares in what many claim to host the world’s largest lithium brine reserves. This land is immediately bordered by Korean giant, Posco, which recently announced that it was investing US$4 billion in Hombre Muerto, up from its originally planned investment of US$830 million. The increase follows a drilling campaign that increased its estimated lithium carbonate equivalent sixfold from a 2018 estimate to 13.5 million tonnes.

In two geophysical surveying campaigns, the company discovered structural trends that mimicked the Salar del Hombre Muerto horizon. This basin hosts one of the longest operating lithium brine producers in the world with over 25 years of active extraction.

“We consider the geological similarities between the Tolillar Salar, and other nearby salars like Hombre Muerto, to be very encouraging,” said Brad Nichol, president and CEO of Alpha Lithium.

Additionally, the project’s discovery and exploration plans are especially exciting for Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) due to the high-producing mining companies situated near Tolillar Salar.

Local operations include Livent Corporation (NYSE:LTHM) with a market cap of approximately US$3.2 billion and POSCO (NYSE:PKX) with an approximate market cap of US$23.2 billion.

Alpha Lithium presents a unique entry opportunity for investors as an emerging player in the lithium production space.

Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report.

Vinneth Bajaj, a senior mining analyst for GlobalData, said lithium demand will be driven by a surge in EV sales, with annual production expected to go from 3.4 million vehicles in 2020 to 12.7 million in 2024.

Lithium-ion battery production is also forecast to rise from 95.3 GWh in 2020 to 410.5 GWh over the same period. A Fastmarkets report from 2021 explains that the projected EV market penetration will increase from 15 percent to 35 percent by 2030. This sustained increase in demand could strain supply, showing the growing value of Argentine lithium deposits.

Alpha Lithium received promising VES geophysical survey results at its Tolillar lithium project and is preparing permit applications for exploration.

These achievements put Alpha Lithium on track for project expansion and execution of the company’s well-engineered six-phase approach for developing its major emerging lithium assets.

Timeline – A Six Phased Approach

The Tolillar Salar occupies an internally drained basin with much of the property’s rock formation dating back to the Ordovician period. This geological makeup has created a sediment profile that includes younger continental sediments, salt crusts and evaporite deposits.

This property is in close proximity to the Hombre de Muerto Salar, a premier lithium brine basin. The company recently acquired 3,800 hectares in this area, expected to yield high-grade lithium discoveries with low impurities.

Early stage investigations have already revealed lithium concentrations up to 504 mg/l in a sampling campaign from 2015. With drilling licenses approved, Alpha Lithium is ready to commence an advanced drill program.

The company has conducted two substantial geophysics surveying programs and accomplished development goals under budget and ahead of schedule. This trend in lithium exploration shows promise for the future of the project.

Location

Alpha Lithium is located less than 10 miles away from Livent, which has a market cap of over US$3 billion and over 20 years of production from the nearby property. The company is strategically located approximately six miles from Livent's high-quality, low-impurity Fenix Project.

Immediately adjacent to Livent is South Korean company Posco (NYSE:PKX), with a staggering market cap of around US$20 billion. Posco has been very busy in the area, expanding on their lithium project that they bought from Australian lithium miner Galaxy Resources, now Alkem (ASX:AKE), for US$280 million in 2018.

The Tolillar project area has never been extensively explored, yet is located in prime territory, directly near a concentration of major lithium producers, providing a significant portion of the international lithium supply.

The world’s going to need more lithium mines due to the unprecedented lithium-ion battery demand required to fuel electric vehicles and energy-hungry devices. With a project located in the coveted Lithium Triangle in South America, Alpha Lithium could be sitting on a potentially massive lithium discovery.

The management team at Alpha Lithium comprises industry professionals and experienced stakeholders with years of expertise in mining, exploration and capital markets. This well-connected team uses a proven de-risk approach, priming the company for significant growth on the global lithium market.

The international community is in the midst of a battery revolution. Shares of electric vehicle maker Tesla (NASDAQ:TSLA) surged over 740 percent in 2020, then an additional 56 percent gain in 2021, making it one of the most valuable companies in the world. This dramatic increase in demand showcases the promising growth narrative of the electric vehicle boom.
The revolution for electric powered cars is not only being led by Tesla, but many other car companies including Nio (NYSE:NIO), with a year-over-year increase of 26 percent. Volkswagen (OTC Pink:VWAGY), General Motors (NYSE:GM), Nissan (OTC Pink:NSANY), Hyundai (OTC Pink:HYMTF) and Bayerische Motoren Werke, known as BMW (OTC Pink:BMWYY) are also investing heavily into the boom.
With the rising movement towards a sustainable and electric-powered world, the lithium that will be needed to support this rapid transition lends it the potential to become one of the most valuable resources in the world.
The famous Triángulo del Litio — the Lithium Triangle — is an under-explored area that is becoming a major host for investor-friendly projects prepared to embrace the potential of a lithium-powered future.
Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) is one of many pursuing lithium in this region, given its potential to be one of the last greenfield project opportunities in this section of the world.
Alpha Lithium is a development company that is focused on highly prospective lithium production of its Tolillar Salar project in Salta province, Argentina.
The company has been able to leverage its 100-percent ownership and work towards repeating the successes of its highly established lithium producing neighbor. There is promising potential for Alpha Lithium to thrive as the company is surrounded by notable players.
Alpha Lithium’s flagship Tolillar Solar project is located in Northwest Argentina near the heart of the Lithium Triangle. Its highly accessible infrastructure connects the project site to Salta and San Antonio de Los Cobres by paved road networks, natural gas resources and a skilled local workforce.
In two geophysical surveying campaigns, the company discovered structural trends that mimicked the Salar del Hombre Muerto horizon. This basin hosts one of the longest operating lithium brine producers in the world with over 25 years of active extraction.
“We consider the geological similarities between the Tolillar Salar, and other nearby salars like Hombre Muerto, to be very encouraging,” said Brad Nichol, president and CEO of Alpha Lithium.
Additionally, the project’s discovery and exploration plans are especially exciting for Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) due to the high-producing mining companies situated near Tolillar Salar.
Alpha Lithium presents a unique entry opportunity for investors as an emerging player in the lithium production space.
Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report.
Vinneth Bajaj, a senior mining analyst for GlobalData, said lithium demand will be driven by a surge in EV sales, with annual production expected to go from 3.4 million vehicles in 2020 to 12.7 million in 2024.
Alpha Lithium received promising VES geophysical survey results at its Tolillar lithium project and is preparing permit applications for exploration.
These achievements put Alpha Lithium on track for project expansion and execution of the company’s well-engineered six-phase approach for developing its major emerging lithium assets.

The Tolillar Salar property covers 27,500 hectares and consists of 10 exploration concessions registered in the Salar de Tolillar basin in Argentina’s Salta province. With limited exploration history, and a strategic location nearby several lithium producing heavyweights, the Tolillar Salar project puts Alpha Lithium in a unique first-mover position for significant mining success.
The Tolillar Salar occupies an internally drained basin with much of the property’s rock formation dating back to the Ordovician period. This geological makeup has created a sediment profile that includes younger continental sediments, salt crusts and evaporite deposits.
This property is in close proximity to the Hombre de Muerto Salar, a premier lithium brine basin. The company recently acquired 3,800 hectares in this area, expected to yield high-grade lithium discoveries with low impurities.
Early stage investigations have already revealed lithium concentrations up to 504 mg/l in a sampling campaign from 2015. With drilling licenses approved, Alpha Lithium is ready to commence an advanced drill program.
The company has conducted two substantial geophysics surveying programs and accomplished development goals under budget and ahead of schedule. This trend in lithium exploration shows promise for the future of the project.
Alpha Lithium is located less than 10 miles away from Livent, which has a market cap of over US$3 billion and over 20 years of production from the nearby property. The company is strategically located approximately six miles from Livent's high-quality, low-impurity Fenix Project.
Immediately adjacent to Livent is South Korean company Posco (NYSE:PKX), with a staggering market cap of around US$20 billion. Posco has been very busy in the area, expanding on their lithium project that they bought from Australian lithium miner Galaxy Resources, now Alkem (ASX:AKE), for US$280 million in 2018.
The Tolillar project area has never been extensively explored, yet is located in prime territory, directly near a concentration of major lithium producers, providing a significant portion of the international lithium supply.
The world’s going to need more lithium mines due to the unprecedented lithium-ion battery demand required to fuel electric vehicles and energy-hungry devices. With a project located in the coveted Lithium Triangle in South America, Alpha Lithium could be sitting on a potentially massive lithium discovery.
The management team at Alpha Lithium comprises industry professionals and experienced stakeholders with years of expertise in mining, exploration and capital markets. This well-connected team uses a proven de-risk approach, priming the company for significant growth on the global lithium market.
Brad Nichol is an international entrepreneur who has served and advised corporations on strategy and finance for over 25 years. Throughout his career, Nichol has served as both senior executive and director of several public and private enterprises across the finance and resource sectors. He has led successive organizations through multiple rounds of private and public project financing, initiated and executed dual listings and established key international and domestic financial relations. Nichols also has significant experience in various business functions including financial, operational, human resources, investor relations and legal and regulatory processes.
Previously, Nichol worked at Schlumberger, the world’s largest oil and gas services firm, in various technical, managerial, marketing and sales roles in North America, South America and Europe. He left Schlumberger to pursue his MBA at one of the world’s top-ranked business schools, the London Business School in the UK, Nichol he graduated with honours in 2003. Nichol also holds a BSc. in Mechanical Engineering from the University of Alberta and has been a registered Professional Engineer since 1994.
David Guerrero brings almost 20 years of international experience in the mining industry, 10 of which are specifically related to lithium as a specialty product. He has held various roles with mining major Rio Tinto as well as senior management positions with Canadian company, Lithium One, and with Australia-based Galaxy Resources. In this capacity, Guerrero undertook a critical functional role in a recent US$280 million M&A transaction with giant South Korean steelmaker POSCO for mineral resources at the Salar del Hombre Muerto, the best quality brine producing district in Argentina. He was also the former president of the Salta Mining Providers Chamber and the AUSCHAM Argentina chapter’s vice president. Guerrero brings indispensable local knowledge and communal leadership to Northern Argentenian projects.
Nathan Steinke is a highly respected financial professional with over 15 years of experience at public and private companies in the international resource sector. Since 2003, Steinke’s responsibilities have included all of the companies’ financial aspects, including debt and equity financing, corporate structure design and management, cash flow management and forecasting, legal and regulatory compliance, stakeholder engagement and reporting, dual listing execution and management and risk management.
Foster Wilson has over 30 years of experience in explo­ration and development, including reserve drilling and estimation, feasibility studies, mine permitting and development. He has worked in various capaci­ties for Placer Dome, Echo Bay, American Bonanza Gold and different junior exploration companies. Foster also currently serves as president of Mesa Exploration.
Sean Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. His network of contacts within the financial community extends across North America and Europe. Charland also serves as a director of Maple Gold Mines, Arctic Star Exploration, Eyecarrot Innovations and Voltaic Minerals.
Andrew Hallett is a commodity transaction specialist with over 10 years of cross-commodity investment experience within investment banking, trading, and asset management. Hallett is currently a partner at Rice Capital and an investment advisor specialized in alternative investments, focusing on upstream metals and mining investments in critical raw materials. Hallett received a bachelor’s of arts in economics from the Augustana Faculty of the University of Alberta and a master’s of science in finance from the London School of Economics. He was previously a director within the commodities investments group at BTG Pactual Commodities, responsible for all principal investments and structured finance transactions in metals, mining and energy. His prior experience includes commodity investment roles within global markets at Deutsche Bank as a senior structured originator and as a director at Natsource Asset Management.
Chris Cooper has over 20 years of management and finance experience in the oil and gas, mining and technology industries. Cooper received his B.A. from Hofstra University and his M.B.A. from Dowling College, both in New York State. He has been involved in the creation and funding of several oil and gas issuers, including Choice Resources Corp., an intermediate oil and gas producer, before it was taken over in August 2007 by Buffalo Resources Corp. Cooper also sits on the board of other junior public companies, including Counterpath Corporation, Westridge Resources Inc, Bullion Gold Resources Corp. and Planet Mining Exploration Inc. He has sat on the audit committee of many public companies in several different industry sectors and has a broad, comprehensive knowledge of financial reports.
Darryl Jones has over 15 years of capital market experience and an estab­lished financial network. Jones was an investment advisor in Canada with PI Financial and Raymond James. He was responsible for raising significant risk capital for growth companies in all sectors, focusing on natural resources.
Pedro Mauricio Torres is a metallurgical Engineer with 17 years of experience in operation, process and projects of chemical plants. He has 10 years of experience in SQM Salar, where he participated in developing the new lithium hydroxide plant, expansion of the lithium carbonate plant to 70,000 tonnes per year. In recent years, Torres has also worked as process advisor for Galaxy Lithium, Tianqi Lithium and Eramet Chilean Lithium Salars.
Adrian Sergio Arias has over 22 years of experience in the operation of various chemical plants. Arias has dedicated the last seven years to developing technologies and process improvements for the processing of lithium brines. He has also worked in exar with Lithium Americas to develop the Cauchari Lithium project, recently taking on the position of process manager of Galaxy Lithium in the Sal de Vida project, located in the Salar del Hombre Muerto.
Alpha Lithium Corporation (TSXV: ALLI) (OTC Pink: APHLF) has secured a US$30 million investment from Uranium One Group.
Uranium One Group, (www.uranium1.com) one of an international group of companies, all wholly owned subsidiaries of the Russian State Atomic Energy Corporation, better known as Rosatom, manages one of the world's largest uranium mining holdings with a diversified portfolio of assets.
For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Alpha Lithium" in the search box.

It is developing projects in Kazakhstan, Tanzania, Namibia and in South America. Rosatom recently assembled a team of lithium industry experts within Uranium One to focus on constructing one of the world's largest lithium portfolios and to become a very significant provider of battery grade lithium to key international manufacturers.

Alpha Lithium has formed a wholly owned subsidiary, Alpha One Lithium B.V., which will be the sole owner of Alpha Lithium's Tolillar lithium deposit in Argentina. The 27,500-hectare deposit is located in the Argentine province of Salta, neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle", a region rich with hydromineral raw materials with a high concentration of lithium.
Uranium One's wholly owned subsidiary Uranium One Holding N.V. has agreed to invest US$30 million in exchange for a 15% ownership of Alpha One Lithium, with Alpha Lithium holding the balance of 85% and retaining full control of Tolillar, management, and the board and will be responsible for deploying the invested capital. The transaction is limited only to Tolillar and when closed, is expected to leave Alpha Lithium with approximately $45 million in cash, free to focus expansion and development efforts on its nearby Salar del Hombre Muerto, where the company continues to expand its 5,000+ hectare foothold in one of the world's highest quality and longest producing lithium salars.
Following the completion of a bankable Feasibility Study on the project, Uranium One Holding N.V. will have the option to invest an additional US$185 million to acquire another 35% of Tolillar, thereby increasing its ownership to 50%. Should Uranium One exercise its Earn-in Right, the US$185 million will be directed toward the construction of an initial 10,000 tonne per annum LCE commercial production facility. This initial production facility is intended to be the first module of several, allowing production to be expanded if and when it is desired.
If Uranium One were to issue a large capital call associated with a plant expansion in which Alpha Lithium may choose not to participate in, Alpha has an option to sell its equity stake in Alpha One, receiving fair market value plus a premium of 25% for its position as well as having a right of first offer to solicit higher offers.
Brad Nichol, Alpha's President and CEO, stated: "This early-stage asset has attained a truly game-changing breakthrough for our shareholders. This sort of milestone is rarely achieved by a company with less than two years of operations and with a valuation at this level. Exercising the Earn-in Right implies a value at Tolillar of US$529 million, not including any Additional Consideration. Including the maximum Additional Consideration, the implied project value would be US$604 million, which is over CDN$750 million for the Tolillar asset alone. Uranium One has the ability to earn a 50% interest in Tolillar and Alpha will retain a 50% working interest in a salar that is funded up to the point of commercial production. Having gotten to know Mr. Shutov and his team over the past few months, I am truly pleased to be partnering with Uranium One, an internationally recognized, large-scale project developer. I have no doubt they will match our hunger for fast and full development of the Tolillar Salar, in addition to offering large project execution experience and significant downstream contacts in Europe."
Andrey Shutov, President of Uranium One, added: "In alignment with our stated strategy of securing non-uranium mineral resources, Uranium One is very excited to work with the famous Alpha Lithium team to advance the Tolillar Project, located within the renowned Lithium Triangle, the world's most prolific lithium region. This partnership agreement represents a scaled approach to expanding Uranium One's lithium production, while allowing Uranium One and Alpha Lithium to collaborate on the development of Tolillar and implement efficient extraction technologies."
For more information, please visit the company's website at www.AlphaLithium.com. Investor Relations is handled by Rob Guzman of Xander Capital Partners, who can be reached at 844-592-5337 or by email at relations@alphalithium.com.
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/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES /
Alpha Lithium Corporation (TSXV: ALLI) (OTC: APHLF) ( Frankfurt : 2P62) (" Alpha " or the " Company ") is pleased to announce that it has amended the terms of its previously announced offering of Units (as defined below). Under the amended terms of the Offering (as defined below), the underwriter, Echelon Wealth Partners Inc. (the " Underwriter ") has agreed to purchase 21,750,000 units (the " Units " ) from the treasury of the Company, at a price of $1.00 per Unit (the " Issue Price ") and offer them to the public by way of short form prospectus for total gross proceeds of $21,750 ,000 (the " Offering "). Each Unit will consist of one common share of the Company (each a " Common Share ") and one-half common share purchase warrant (each full warrant, a " Warrant " and collectively the " Warrants "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.45 for a period of 24 months from the closing date of the Offering.

The Company has granted the Underwriter an option to purchase up to an additional 15% of the Units at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Units as determined by the Underwriter upon written notice to the Company at any time up to 30 days following the Closing Date (the " Over-Allotment Option "). If fully exercised, the Over-Allotment Option would bring the total of the offering to $25,000,000 .
The Company intends to use the net proceeds of the Offering for the development of Hombre Muerto Salar, Tolillar Salar and for general working capital purposes.
The Offering will be completed (i) by way of a short form prospectus of the Company to be filed in the provinces of British Columbia , Alberta , and Ontario , (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Offering is expected to close on or about December 1, 2021 , or such other date as the Company and the Underwriter may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION
"Brad Nichol"
Brad Nichol
President, CEO and Director
About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) ( Frankfurt : 2P62)
Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ 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 Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.
Forward-Looking Information
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. While these statements reflect management's current plans, projections, and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. The Company's actual results, programs, production decisions (if any) activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.  The Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
SOURCE Alpha Lithium Corp.

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Alpha Lithium Corporation (TSXV: ALLI) (OTC: APHLF) ( Frankfurt : 2P62) (" Alpha " or the " Company ") is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. (the " Underwriter ") pursuant to which the Underwriter has agreed to purchase 13,000,000 units (the " Units" ) from the treasury of the Company, at a price of $1.00 per Unit (the " Issue Price ") and offer them to the public by way of a short form prospectus for total gross proceeds of approximately $13,000 ,000 (the " Offering ").

Each Unit will consist of one common share of the Company (each a " Common Share ") and one-half common share purchase warrant (each full warrant, a " Warrant " and collectively the " Warrants "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.45 for a period of 24 months from the closing date of the Offering.
The Company has granted the Underwriter an option to purchase up to an additional 15% of the Units at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Common Shares, Warrants or Units as determined by the Underwriter upon written notice to the Company at any time up to 30 days following the Closing Date (the " Over-Allotment Option ").
The Company intends to use the net proceeds of the Offering for the development of Tolillar Salar and working capital and general corporate purposes.
The Offering will be completed (i) by way of a short form prospectus of the Company to be filed in the provinces of British Columbia , Alberta , and Ontario , (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Offering is expected to close on or about December 1, 2021 , or such other date as the Company and the Underwriter may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION
"Brad Nichol"
Brad Nichol
President, CEO and Director
About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) ( Frankfurt : 2P62)
Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ 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 Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.
Forward-Looking Information
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. While these statements reflect management's current plans, projections, and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. The Company's actual results, programs, production decisions (if any) activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.  The Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
SOURCE Alpha Lithium Corp.

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/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES /
Alpha Lithium Corporation (TSXV: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62) (" Alpha " or the " Company "), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, is pleased to announce that it has amended the agreement with Echelon Wealth Partners Inc. and Leede Jones Gable Inc. as co-leads and joint bookrunners (the " Underwriter s"), pursuant to which the Underwriters have increased the size of its previously announced short form prospectus offering of  units of the Company (the " Units ") at a price of $0.81 per Unit (the " Issue Price ").  Under the amended terms, the Underwriters have agreed to purchase, on a bought deal basis, 24,700,000 Units for gross proceeds to the Company of $20,007,000 (the " Offering "), the remaining terms remain unchanged.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Offering is expected to close on or about February 16, 2021 , or such other date as the Company and the Underwriters may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION
"Brad Nichol"
Brad Nichol
President, CEO and Director
About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62)
Alpha Lithium is a growing team of industry professionals and experienced stakeholders focused on the development of the Tolillar Salar. Together, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle".  Other companies in the area exploring for lithium brines or currently in production include Galaxy Lithium, Livent, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.
For more information visit: https://alphalithium.com/ and follow us on Twitter or Facebook .
Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. While these statements reflect management's current plans, projections, and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. The Company's actual results, programs, production decisions (if any) activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.  The Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Alpha Lithium Corp.

View original content: http://www.newswire.ca/en/releases/archive/January2021/25/c0638.html
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/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES /
Alpha Lithium Corporation (TSXV: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62) (" Alpha " or the " Company "), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, is pleased to announce that it entered an agreement with a syndicate of underwriters co-led by Echelon Wealth Partners Inc. and Leede Jones Gable Inc. (the " Underwriters ") pursuant to which the Underwriters have agreed to purchase 12,400,000 units (the " Units ") from the treasury of the Company, at a price of $0.81 per Unit (the " Issue Price ") and offer them to the public by way of short form prospectus for total gross proceeds of approximately $10,044,000 (the " Offering ").

Each Unit will consist of one common share of the Company (each a " Common Share ") and one common share purchase warrant (each, a " Warrant " and collectively the " Warrants "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.10 for a period of 24 months from the closing date of the Offering.
The Company has granted the Underwriters an option to purchase up to an additional 15% of the Units at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Shares, Warrants or Units as determined by the Underwriters upon written notice to the Company at any time up to 30 days following the Closing Date (the " Over-Allotment Option ").
The Company intends to use the net proceeds of the Offering to pursue land acquisitions, for exploration expenditures and for general corporate purposes.
The Offering will be completed (i) by way of a short form prospectus to be filed in the provinces of British Columbia , Alberta , and Ontario , (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933 , as amended (the " U.S. Securities Act ") and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
In connection with the Offering, the Underwriters will receive a cash commission of 7.0% of the gross proceeds of the Offering and that number of non-transferable compensation options (the " Compensation Options ") as is equal to 7.0% of the aggregate number of Units sold under the Offering. Each Compensation Option is exercisable into one Common Share of the Company at the Issue Price for a period of 24 months from the closing date of the Offering.
The Offering is expected to close on or about February 16, 2021 , or such other date as the Company and the Underwriters may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION
"Brad Nichol"

Brad Nichol
President, CEO and Director
About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62)
Alpha Lithium is a growing team of industry professionals and experienced stakeholders focused on the development of the Tolillar Salar. Together, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle".  Other companies in the area exploring for lithium brines or currently in production include Galaxy Lithium, Livent, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.
For more information visit: https://alphalithium.com/ and follow us on Twitter or Facebook .
Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. While these statements reflect management's current plans, projections, and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. The Company's actual results, programs, production decisions (if any) activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.  The Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Alpha Lithium Corp.

View original content: http://www.newswire.ca/en/releases/archive/January2021/25/c0095.html
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Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”) is pleased to advise that it will commence trading on the Australian Securities Exchange (ASX) at 11am AEST today under the code “OCT”.
$0.20 per share. This included cornerstone investments of $1.38m each from Fuyan Mingjin New Energy Development and Southeast Mingqing Supply, with each company holding circa 15% interest in the Company.
The Company will use the proceeds of the IPO to explore and develop its portfolio of exploration projects in Western Australia, focussing on lithium, gold, Platinum Group Metals and nickel.
The Talga project is strategically located in a highly sought-after lithium region based on prospective lithium geology and significant recent discoveries. Previous exploration at Talga has identified lithium mineralisation that is only 10km to the north of the Archer Lithium Deposit where Global Lithium Resources Limited (ASX:GL1) has reported an inferred resource of 10.5mt at 1.0% Li20.

Octava’s Chairman Mr Clayton Dodd said, “We are very pleased with the level of support for the IPO from existing shareholders and welcome all new shareholders to the Company as we look forward to commencing detailed exploration, resulting in early-stage drill programs primarily for lithium”.

Click here for the full ASX Release
This article includes content from Octava Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Description
The securities of Charger Metals NL (‘CHR’) will be placed in trading halt at the request of CHR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 19 September 2022 or when the announcement is released to the market.
Issued by
Laura Gomme
Senior Adviser, Listings Compliance (Perth)

Click here for the full ASX Release
This article includes content from Charger Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Lithium Ionic Corp. (TSXV: LTH) (“Lithium Ionic” or the “Company”) reports additional excellent drilling results from the Galvani claims, which the Company recently acquired (see Sept. 12, 2022, press release) following a thorough due diligence review. The Galvani claims, as well as its neighbouring 100%-owned Itinga Lithium Project (Areas 1-5) are located in the state of Minas Gerais, Brazil, in the same district as the lithium producing CBL mine and Sigma Lithium’s Barreiro deposit (20.4Mt grading 1.4% Li2O) (see Figure 1, location map).

New Galvani Drill Results Highlights (See Figure 2 and Table 1)
Previously Reported Drill Result Highlights from Galvani Claims

Blake Hylands, Chief Executive Officer of Lithium Ionic, commented, “We are very encouraged to continue intersecting shallow and high-grade lithium zones within our now acquired Galvani claims and we look forward to conducting further exploration to improve our understanding of the structural controls of mineralization in this area with the belief that we will be able to define a meaningful resource in the near-term.”
Subsequent to the completed acquisition of the Galvani claims announced on September 12, 2022, the Company will be expanding upon the drill program it initiated in June 2022. As part of its due diligence review, Lithium Ionic successfully confirmed historic drilling results and also identified new zones of mineralization beyond the ~0.7km strike pegmatite with strong lithium values over significant widths. The Company has engaged Foraco International, a prominent global drilling company with extensive experience working with other local lithium companies in the region, who has recently mobilized two additional drill rigs on its properties to ramp up drilling efforts. The Company is now aggressively drilling with a total of five drill rigs.
The Galvani property is located less than 4 kilometres from Sigma Lithium’s Xuxa deposit (over 17Mt grading 1.55% Li2O M+I). The high grade and large widths of the intercepts to date demonstrate excellent potential to outline a significant resource very quickly. Mineralization is hosted in spodumene bearing pegmatites sourced from the same granitic intrusive, which characterizes Lithium Ionic’s Project Area 1, CBL’s lithium mining operation, and Sigma Lithium’s resources (Figure 2).
Figure 1: Itinga Project (Areas 1-5) and Galvani Claims location and geology map. Note the surface expression of the CBL lithium mine in the northeast corner of Project Area 1 and Sigma Lithium’s Barreiro deposit to the southeast.
https://www.globenewswire.com/NewsRoom/AttachmentNg/19aa1952-de6d-4371-87c9-a94ffa9adfc6
Figure 2: Galvani Pegmatite and Drill Hole Locations
https://www.globenewswire.com/NewsRoom/AttachmentNg/900ccf25-407d-4754-91f6-bf0a2e8298a9
Table 1. Galvani Drill Results

About Lithium Ionic Corp.
Lithium Ionic is a Canadian-based lithium-focused mining company with properties covering ~2,000 hectares located in the prolific Aracuai lithium province in Minas Gerais State, Brazil, which boasts excellent infrastructure, including highways, access to hydroelectrical grid power, water, and nearby commercial ports. Its Itinga and Galvani claims are located in the same district as the lithium-producing CBL mine and development-stage Sigma Lithium Corp.’s (TSXV: SGML; NASDAQ: SGML) large Barreiro and Xuxa lithium deposits.
Quality Assurance and Control
During the drill program, assay samples were taken from NQ core and sawed in half. One-half was sent for assaying at SGS Laboratory, a certified commercial laboratory, and the other half was retained for results, cross checks, and future reference. A strict QA/QC program was applied to all samples. Every sample was processed with Drying, crushing from 75% to 3 mm, homogenization, quartering in Jones, spraying 250 to 300 g of sample in steel mill 95% to 150. SGS laboratory carried out multi-element analysis for ICP90A analysis.
Qualified Persons
The technical information in this news release has been prepared by Carlos Costa, Vice President Exploration of Lithium Ionic and Blake Hylands, CEO and director of Lithium Ionic, and both are “qualified persons” as defined in NI 43-101.
For more information please contact:
Lithium Ionic Corp.
Blake Hylands, P.Geo.
Chief Executive Officer
Email: bhylands@lithiumionic.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the prospectivity of the Itinga Project and the Galvani claims, the mineralization and development of the Itinga Project, Galvani claims and other mining projects and prospects thereof. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Source
Those interested in the lithium sector and investing in lithium stocks are often curious about which countries produce the most of the battery metal.
Why? Because major lithium-producing countries are often home to a large number of lithium companies.
What investors may not think to consider are lithium reserves by country. While many of the world’s top lithium producers also hold significant reserves, some countries produce marginal amounts of lithium, but have very large reserves of the alkali metal responsible for electric vehicle battery power. Investors may want to be aware of these countries, as they could eventually become lithium powerhouses on the global stage.

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Looking forward, many analysts believe lithium demand will continue to increase. That’s because together with metals such as cobalt, lithium is a key raw material in the lithium-ion batteries used to power electric vehicles; it is also essential for the energy storage sector. However, lithium supply to meet that increasing demand is still uncertain.
On that note, here’s an overview of lithium reserves by country, with a focus on the four countries that hold the most lithium. Data is based on the most recent information from the US Geological Survey.
Lithium reserves: 9,200,000 MT
Chile was the second biggest producer of lithium in 2021 at 26,000 metric tons (MT), but it has the most reserves in the world by a large amount. The country reportedly holds most of the world’s “economically extractable” lithium reserves, and its Salar de Atacama hosts approximately 37 percent of the world’s lithium reserve base. SQM (NSYE:SQM) is a key lithium producer in Chile’s Salar de Atacama, and in 2018 it finally reached a long-awaited agreement with Corfo, the country’s development agency, over royalties.
Albemarle (NYSE:ALB) is another top lithium producer in Chile. Despite short-term volatility, the company is optimistic about long-term lithium demand.
Lithium reserves: 3,800,000 MT
Interestingly, while Australia was the largest lithium-producing country in the world in 2021, it comes in second in terms of reserves of the important commodity.
The country is home to the Greenbushes lithium project, which is operated by Talison Lithium, a subsidiary jointly owned by lithium producers Tianqi Lithium (SZSE:002466) and Albemarle, as well as Australian nickel–gold miner IGO (ASX:IGO,OTC Pink:IPGDF). The project is known as the longest continuously running mining area, having been in operation for over 25 years. Greenbushes has been the subject of multiple expansions in recent years.
Lithium reserves: 2,200,000 MT
Argentina is the fourth largest lithium producer in the world, and last year it put out 6,200 MT of the metal. It ranks third in terms of world lithium reserves at 2,200,000 MT.
It’s worth noting that Chile, Argentina and Bolivia comprise the “Lithium Triangle,” which hosts more than half of the world’s lithium reserves. The Argentinian government recently committed to investing up to US$4.2 billion in its lithium industry over the next three years with the goal of increasing lithium output.
Lithium reserves: 1,500,000 MT
China holds lithium reserves of 1,500,000 MT, and last year it produced 14,000 MT of the mineral. That’s a 700 MT increase from the previous year. Currently, the Asian nation still imports most of the lithium it needs for its battery cells from Australia, but increasing domestic production may bring an end to this reliance.
China’s lithium usage is high due to its electronics manufacturing and electric vehicle industries. It also produces nearly two-thirds of the world’s lithium-ion batteries and controls most of the world’s lithium-processing facilities.
Last year, both spot lithium carbonate prices and spot lithium hydroxide prices in China rebounded from 2019 lows. After lithium is extracted from lithium deposits, it is often processed into a lithium compound, usually lithium carbonate or lithium hydroxide, and then is used in lithium-ion batteries.
While Chile, Australia, Argentina and China are home to the world’s highest lithium reserves, other countries also hold significant amounts of the metal. Here’s a quick look at the other countries:
Total worldwide lithium reserves stand at 22,000,000 MT. If the lithium industry continues to grow, production will need to follow, and some of these countries with high reserves may become more significant players.
The three countries that make up the Lithium Triangle — Argentina, Bolivia and Chile — together account for more than 63 percent of the world’s lithium reserves.
In early 2021, India’s first lithium deposit was discovered in the Mandya district of Karnataka. The Indian government hopes to develop its newly found lithium reserves in order to reduce its lithium imports and build out its domestic zero-emissions technology industry. The first step is likely to involve changes to mining laws that will allow private firms to mine lithium in India.
Portugal has the biggest lithium reserves in Europe, coming in at 60,000 MT. The Southern European country produced 900 MT of lithium in 2021, up nearly 260 percent from the previous year.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Latin Resources Limited (ASX: LRS) is pleased to present its Half Year Report.
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Critical Resources Limited (ASX:CRR) (“Critical Resources” or “the Company”) is pleased to announce assay results from the current diamond drilling campaign at the Company’s 100% owned Mavis Lake Lithium Project. The assay results have returned the highest grade lithium results in our Projects’ history.
Highlights
Critical Resources Chairman, Mr Robert Martin said:
“To receive such exceptional assays results and for them to contain the Company’s highest grading results of lithium mineralization ever to be intersected at Mavis Lake is absolutely outstanding.
These result further build our confidence in the project and reinforce our decision to commence complmentary project development efforts such as metallurgical test work and resource modelling. Mavis Lake and the opportunity to position Critical Resources as an emerging, lithium focused project developer is an absolutely incredible prospect for the Company and our shareholders.

Furthermore, after a global search for a more suitably qualified senior executive to fill the role of Managing Director, the company is pleased to advise that it is in late stages of negotiations with a highly skilled lithium resource executive, with the ability and experience to take the Company from explorer to producer. We look forward to updating the market on this in the coming weeks”.
This article includes content from Critical Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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