ROSATOM’s Uranium One Holding NV has entered into an agreement with Alpha Lithium Corporation to establish a joint venture to develop the Tolillar lithium deposit in Argentina. The 27,500 hectares deposit is located in the Argentine province of Salta within the world famous lithium triangle. This region is rich with hydromineral raw materials with a high concentration of lithium.The agreement provides for the initial subscription for shares in Alpha One Lithium BV by Uranium One Holding NV for consideration of USD 30 million, which will result in Uranium One Holding NV and Alpha Lithium Corporation each holding 15% and 85%, respectively. The main asset of Alpha One Lithium BV comprises the 100% stake in the Argentine project company Alpha Argentina S.A., which owns the exploration and production rights for the Tolillar lithium deposit.Following completion of a bankable feasibility study on the project, Uranium One Holding NV will have the option to invest an additional USD 185 million which would result in its shareholding in Alpha One Lithium BV increasing to 50%. Upon exercise of the option, Uranium One Holding NV will be entitled to 100% off-take of the project’s production.
ROSATOM’s Uranium One Holding NV has entered into an agreement with Alpha Lithium Corporation to establish a joint venture to develop the Tolillar lithium deposit in Argentina. The 27,500 hectares deposit is located in the Argentine province of Salta within the world famous lithium triangle. This region is rich with hydromineral raw materials with a high concentration of lithium.The agreement provides for the initial subscription for shares in Alpha One Lithium BV by Uranium One Holding NV for consideration of USD 30 million, which will result in Uranium One Holding NV and Alpha Lithium Corporation each holding 15% and 85%, respectively. The main asset of Alpha One Lithium BV comprises the 100% stake in the Argentine project company Alpha Argentina S.A., which owns the exploration and production rights for the Tolillar lithium deposit.Following completion of a bankable feasibility study on the project, Uranium One Holding NV will have the option to invest an additional USD 185 million which would result in its shareholding in Alpha One Lithium BV increasing to 50%. Upon exercise of the option, Uranium One Holding NV will be entitled to 100% off-take of the project’s production.
