Alpha Lithium Corporation is a Canadian company that operates in Argentina as Alpha Lithium One. The final offer was CA$1.48 (US$1.08) in cash per share, representing “the best and final offer,” Tecpetrol said. For the time being, Alpha Lithium has moved forward with the construction of a pilot plant in Tolillar, with a production capacity of 120 tonnes per year. In its message to shareholders, Tecpetrol said it already has the acceptance of Caravel Capital, which has 4.5 million Alpha shares. This investment fund, located in Bahamas, published an open letter at the end of September calling on Alpha’s shareholders to accept Tecpetrol’s offer.

Source: Bueno Aires Herald October 16, 2023 21:55 UTC