Up Or Down? Alpha Lithium Corp (OTCMKTS:ALLIF) (CVE:ALLI)
Alpha Lithium Corp (OTCMKTS:ALLIF) (CVE:ALLI) stock is moving lower in the afternoon session on Tuesday.
Market Action
As of 2:01, ALLIF stock moved down 1% to $0.6445 with more than 546K shares, compared to its average volume of 558K shares. The stock has moved within a range of $0.6314 – 0.6870 after opening the trade at $0.6870.
Major Trigger:
Alpha Lithium Acquires New Property and Expands Second Core Area in Hombre Muerto Salar, Argentina
Key Highlights:
- ALLIF announce that it is increasing its existing position in the Hombre Muerto Salar, Argentina. The Company has agreed to purchase a 100% working interest in an additional 287 Hectares in this world-class salar.
- Hombre Muerto houses one of the most desirable lithium brines in the world, rivaled only by the Salar de Atacama in Chile, primarily due to its high lithium concentrations, exceptional brine flowrates and minimal levels of impurities. It has attracted billions of dollars of investment from the likes of Livent Corporation, Galaxy Resources and Korean giant, POSCO, amongst others.
- The Company expects to build on this, and the first , acquisition in this world renowned salar. Hombre Muerto is the highest quality and longest producing salar in Argentina and it benefits from an extensive amount of infrastructure developed to support Livent Corporation’s 25 years of production history.
- Through a privately negotiated purchase and sale Agreement the Company has acquired a 100% interest in 287 Hectares – free of any 3rd party royalties – in the heart of the Hombre Muerto Salar. This latest acquisition brings the Company’s total to 4,087 Hectares.
