Alpha Lithium’ $30 million Investment from Uranium One

Freshfields Bruckhaus Deringer and Mitrani Caballero & Ruiz Moreno advised Uranium One Holding N.V. on the deal.
Miller Thomson, Beretta Godoy, Argañaraz & Asociados and Fox Williams advised Alpha Lithium Corporation.

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: APHLF) closed a significant asset transaction with international, multi-billion-dollar, chemical processing conglomerate, Uranium One Group.

Uranium One’s wholly owned subsidiary, Uranium One Holding N.V. (“U1”), has agreed to invest US$30 million in exchange for a 15% ownership stake in Alpha’s 100% owned, 27,500-hectare Tolillar Salar in Argentina (“Tolillar”) and by doing so will earn an option to acquire another 35% of Tolillar for US$185 million (the “Option” or the “Earn-in Right”). If the Option is exercised, Alpha would retain a 50% interest in Tolillar, which would be fully funded up to the point of commercial production.

The transaction is limited only to Tolillar and when closed, is expected to leave Alpha with approximately $45 million of cash, free to focus expansion and developmental efforts on the Company’s nearby assets in the Salar del Hombre Muerto, one of the world’s most significant sources of lithium.

Freshfields Bruckhaus Deringer advised Uranium One Holding N.V. with Dmitry Surikov (Picture), Nikolay Seliakov, Dmitry Sheludyaev and Ekaterina Chepurnaya.

In Argentina, Mitrani Caballero & Ruiz Moreno advised Uranium One Holding N.V. with Matías Olcese, Julio Martínez, María Laura Lede Pizzurno, Corina Laudato, Aixa Sureda, María Paula Terrel, Evangelina González Soldo and Luciana Casagrande.

Miller Thomson LLP advised Alpha Lithium Corporation with Brian Fast, Alexander Lalka and Gosia Piasecka.

Beretta Godoy advised Alpha Lithium Corporation with Tomás Balzano and Juan Sonoda.

Argañaraz & Asociados advsied Alpha Lithium Corporation in argentina.

Fox Williams also advsied Alpha Lithium Corporation.

Involved fees earner: Tomas Balzano – Beretta Godoy; Juan Sonoda – Beretta Godoy; Nikolay Seliakov – Freshfields Bruckhaus Deringer LLP; Dmitry Sheludyaev – Freshfields Bruckhaus Deringer LLP; Dmitry Surikov – Freshfields Bruckhaus Deringer LLP; Brian Fast – Miller Thomson; Alexander Lalka – Miller Thomson; Gosia Piasecka – Miller Thomson; Luciana Casagrande – Mitrani Caballero & Ruiz Moreno; Evangelina González Soldo – Mitrani Caballero & Ruiz Moreno; Corina Laudato – Mitrani Caballero & Ruiz Moreno; María Laura Lede Pizzurno – Mitrani Caballero & Ruiz Moreno; Julio Martínez – Mitrani Caballero & Ruiz Moreno; Matías Olcese – Mitrani Caballero & Ruiz Moreno; Aixa Sureda – Mitrani Caballero & Ruiz Moreno; María Paula Terrel – Mitrani Caballero & Ruiz Moreno;

Law Firms: Beretta Godoy; Freshfields Bruckhaus Deringer LLP; Miller Thomson; Mitrani Caballero & Ruiz Moreno;

Clients: Alpha Lithium; Uranium One Holding N.V.;

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Author: Ambrogio Visconti