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Gold/Mining/Energy : Canadian Warrants Only
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From: LoneClone11/29/2021 12:21:24 PM
1 Recommendation

Recommended By
onepath

   of 23102
 
Interesting new today from Alpha Lithium aka ALLI, and the warrants are reacting well, currently $0.34/0.36.

An unexpected JV partner, Uranium One, the Russian state nuclear agency, has paid $30M for a 15% stake in the Tollilar lithium salar in Argentina, a transaction which will leave ALLI with about $45M to develop its nearby Hombre Muerte lithium project. Uranium One can then pay $185 for another 35%, subject to various conditions, with ALLI being fully carried through to production, plus there is the possibility of a bonus payment of up to $75M.

I imagine the folks at ALLI's corporate headquarters are fairly exuberant today.

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