NEO Exchange Lists Another Strategic Minerals Mining Company with Graduation of Alpha Lithium
Toronto | September 20, 2022 – NEO welcomes Alpha Lithium Corporation, a lithium mining company headquartered in Vancouver, British Columbia. Alpha Lithium begins trading today on the NEO Exchange under the symbol ALLI, following a voluntary delisting from the TSX-Venture Exchange.
“Supporting the enablers of the Innovation Economy is one of our top priorities, and Alpha Lithium is a lighthouse example of delivering on this endeavor,” said Jos Schmitt, President of NEO and SVP of Global Listings for Cboe Global Markets. “Alpha Lithium is now our fifth and largest strategic minerals mining listing. Alpha Lithium is also the most recent listing in a steady flow of companies graduating from venture exchanges to NEO as their Canadian main board. This is a trend that we expect to continue as we focus on providing issuers with global exposure and trading liquidity. We are honoured to welcome Alpha Lithium as our newest corporate partner and look forward, with much anticipation, to the future results of their lithium exploration in Argentina.”
Alpha Lithium is currently focused on advancing its two flagship projects in Argentina’s famous “Lithium Triangle” – the Tolillar project and the Hombre Muerto project. Lithium is a critical mineral necessary for electrification and a low carbon economy, and is used as a key component in rechargeable batteries for electric vehicles, mobile phones, laptops, digital cameras, and more.
“Having advanced our company operationally, advancing to the senior NEO Exchange is now critical to gaining wider access to investors,” said Brad Nichol, President and CEO of Alpha Lithium. “From a capital markets perspective, we chose to graduate our public listing to the NEO Exchange in order to leverage their reach with a broader range of global, institutional investors. Today’s uplisting is reflective of many exciting growth developments occurring within the company.”
Investors can seamlessly continue to trade shares and warrants of Alpha Lithium under the symbols ALLI and ALLI.WT respectively, through their usual investment channels, including discount brokerage platforms and full-service dealers.
Alpha Lithium joins over 250 unique listings on the NEO Exchange, including some of the most innovative Canadian and international growth companies, and ETFs from Canada’s largest ETF issuers. NEO consistently facilitates between 10% and 15% of all volume traded in Canadian-listed companies and close to 20% of all volume traded in Canadian ETFs. Click here for a complete view of all NEO-listed securities.
About the NEO Exchange
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since 2015 and acquired by Cboe Global Markets in 2022, NEO provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About Alpha Lithium
Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto salars. In Tolillar, the company has assembled 100% ownership of what may be one of Argentina’s last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighbouring multibillion-dollar lithium players in the heart of the renowned Lithium Triangle. In Hombre Muerto, the company continues to expand its 5,000-plus-hectare (12,570-acre) foothold in one of the world’s highest-quality, longest-producing lithium salars.
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