Alpha Lithium Corporation (OTCMKTS:APHLF) Stock In Focus After Latest Development
Alpha Lithium Corporation (OTCMKTS:APHLF) is a company which currently holds a pair of substantial lithium assets in the Salta region of Argentina and on top of that it also holds $35 million in cash at this point.
Trading Data
On Tuesday, APHLF stock surged 2.86% to $0.7200 with more than 166.14K shares, compared to volume of 296.79K shares. The stock moved within a range of $0.6900 – 0.7274 after opening trade at $0.6900.
Alpha Lithium Nears Completion of Pilot Plant at Tolillar Salar, Argentina
Yesterday, Alpha Lithium Corporation announced that it was one the verge of completing the construction of its pilot plant with the capacity of 120 tons a year. It was further noted that the test production of high-quality lithium carbonate at the facility was going to start in either the second quarter or the third quarter of 2023.
The pilot plant also has the potential of utilizing the brine from the 27000 hectare Tolillar Solar and Alpha Lithium Corporation’s 5000 hectare property located near Salar del Hombre Muerto. The modular plant construction had been completed 50% and the on-site module would initially have the Direct Lithium Extraction section. The second module would operate in Salta up until the processes and systems are calibrated completely.
Once it is calibrated, the second module would also be moved on-site. The plant is being designed with total flexibility so as to assess the flexibility to judge the effectiveness of the conditions and the variable parameters of operations.
