Alpha Lithium Corporation, a wholly-owned subsidiary of Tecpetrol S.A. since late 2023, engages in the exploration and development of lithium brine projects in Argentina's Lithium Triangle; it focuses on extracting lithium brine for processing into battery-grade lithium carbonate and lithium hydroxide. The company holds 100% interest in the flagship Tolillar Salar project spanning approximately 27,500 hectares in Salta province, featuring over 15 exploration wells, a proprietary lithium carbonate production process, and a pilot plant; it also maintains stakes in the Hombre Muerto Salar with around 5,000 hectares across multiple concessions. Operations target battery manufacturers and electric mobility sectors, with assets managed through local subsidiaries Alpha Lithium Argentina SA and Alpha SA, headquartered in Vancouver, British Columbia, and founded in 2010.
In 2023, Tecpetrol, a Techint Group member, completed its acquisition of Alpha Lithium through a C$1.48 per share offer, initially securing 67.4% followed by a subsequent amalgamation for 100% ownership, resulting in delisting from the NEO Exchange and privatization. Post-acquisition, Tecpetrol advanced Tolillar development, advancing basic engineering in mid-2024 toward completion by February 2025, planning an industrial plant for 30,000 tonnes per year of lithium carbonate capacity, with construction eyed for 2025 and production starting in 2027. Tecpetrol integrated Alpha's projects into its lithium portfolio across three Salta salars, enhancing logistics and direct lithium extraction testing via a regional pilot plant.