{"id":3894,"date":"2021-11-29T19:21:56","date_gmt":"2021-11-30T00:21:56","guid":{"rendered":"https:\/\/www.millerthomson.com\/deals-cases\/alpha-lithium-secures-us30-million-investment-from-uranium-one-with-option-to-invest-additional-us185-million-in-tollilar-salar-project\/"},"modified":"2026-01-20T17:23:21","modified_gmt":"2026-01-20T22:23:21","slug":"alpha-lithium-secures-us30-million-investment-from-uranium-one-with-option-to-invest-additional-us185-million-in-tollilar-salar-project","status":"publish","type":"deals-cases","link":"https:\/\/www.millerthomson.com\/en\/deals-cases\/alpha-lithium-secures-us30-million-investment-from-uranium-one-with-option-to-invest-additional-us185-million-in-tollilar-salar-project\/","title":{"rendered":"Alpha Lithium secures US$30 million investment from Uranium One, with option to invest additional US$185 million in Tollilar Salar Project"},"content":{"rendered":"

On November 29, 2021, Alpha Lithium Corporation (TSX.V:ALLI; OTC:APHLF) (\u201cAlpha Lithium\u201d) announced a US$30 million investment from Uranium One Holding N.V. (\u201cU1\u201d), a wholly owned subsidiary of Uranium One Group (\u201cUranium One\u201d), an international, multi-billion dollar chemical processing conglomerate. The investment was made in exchange for a 15% ownership stake in Alpha Lithium\u2019s 100% owned, 27,500-hectare Tolillar Salar in Argentina (\u201cTolillar\u201d).<\/p>\n

Upon completion of the investment, U1 will have the option to acquire another 35% of Tolillar for US$185 million (the \u201cOption\u201d). If the Option is exercised, Alpha Lithium would retain a 50% interest in Tolillar, which would be fully funded up to the point of commercial production.<\/p>\n

The transaction is limited only to Tolillar and when closed, is expected to leave Alpha Lithium with approximately $45 million of cash, free to focus expansion and developmental efforts on the Company\u2019s nearby assets in the Salar del Hombre Muerto, one of the world\u2019s most significant sources of lithium.<\/p>\n

Alpha Lithium is a lithium mining company focused on the development of the Tolillar and Hombre Muerto Salaras located in Argentina.<\/p>\n","protected":false},"author":1,"template":"","class_list":["post-3894","deals-cases","type-deals-cases","status-publish","hentry"],"acf":[],"yoast_head":"\nAlpha Lithium secures US$30 million investment from Uranium One, with option to invest additional US$185 million in Tollilar Salar Project | Miller Thomson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/alpha-lithium-secures-us30-million-investment-from-uranium-one-with-option-to-invest-additional-us185-million-in-tollilar-salar-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha Lithium secures US$30 million investment from 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