Over 40 automakers are making EVs today, and the International Energy Agency (IEA) predicts 230 million new EVs could be on the road by 2030.[57]
To meet skyrocketing demand, Benchmark Mineral Intelligence estimates 74 NEW lithium mines with an average output of 45,000 tonnes are needed by 2035.[59]That’s nearly 7 new operational mines every year!
With its friendly mining regulations and 19.3 million tonnes of lithium deposits, Argentina is on the “forefront of a global scramble for Lithium”,[60] according to TIME magazine.
The company also has the second-largest position in the Salta province of Hombre Muerto, second only to multi-billion mining giant Posco.
Hombre Muerto is considered one of the best and most coveted lithium brine salars.
This alone could save Alpha Lithium millions of dollars and speed up lithium production and delivery by a decade or more.
Management is recommending a “NO” vote on the bid.[63]
CEO Nichols and his team assess the value of Alpha’s assets, including both the Tollilar and Hombre Muerto projects, exceeds the bid price.[64]
He’s placed a $14.9 million bet on the company and its prospects in Argentina, and is refusing to tender his shares to Tecpetrol.
Alpha Lithium is in the forefront of scaling this technology.
Its new pilot plant will take DLE from the lab into the field. DLE projects in the Lithium Triangle could quickly dominate the global market.[66]
In-country manager, David Guerrero, is on-site in Argentina to keep a close eye on operations. David has $280 million in M&A experience in the lithium space.[67]
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[56] https://www.globenewswire.com/news-release/2023/03/08/2623219/0/en/Global-Lithium-Market-to-Reach-22-6-Billion-by-2030.html
[57] https://www.iea.org/reports/global-ev-outlook-2021
[58] https://www.emergingtechbrew.com/stories/2023/02/16/a-by-the-numbers-look-at-lithium-a-key-commodity-for-automakers
[59] https://www.emergingtechbrew.com/stories/2023/02/16/a-by-the-numbers-look-at-lithium-a-key-commodity-for-automakers
[60] https://time.com/6200372/lithium-mining-technology-argentina-gold/
[61] https://alphalithium.com/alpha-lithium-significantly-increases-resource-at-tolillar-salar-argentina/
[62] https://alphalithium.com/alpha-lithium-advises-shareholders-to-take-no-action-on-tecpetrols-significantly-undervalued-takeover-bid/
[63] https://alphalithium.com/alpha-lithium-advises-shareholders-to-take-no-action-on-tecpetrols-significantly-undervalued-takeover-bid/
[64] https://alphalithium.com/alpha-lithium-advises-shareholders-to-take-no-action-on-tecpetrols-significantly-undervalued-takeover-bid/
[65] https://alphalithium.com/alpha-lithium-comments-on-shareholder-support/
[66] https://alphalithium.com/alpha-lithium-nears-completion-of-pilot-plant-at-tolillar-salar-argentina/
[67] https://alphalithium.com/our-company/
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