25 May 2022
Corporate Update
Response to media articles
Atlantic Lithium Limited
(AIM: ALL, OTC: ALLIF, "Atlantic Lithium" or the "Company"),
the African focused lithium exploration and development company, notes recent media articles referring to a potential investment in the Company by Ghana's Minerals Income Investment Fund ("MIIF").
The Company confirms that it was approached by MIIF and has signed a non-disclosure agreement to enter into discussions regarding a potential investment into the Company however no discussions have occurred at this stage.
As previously announced the Company is considering a secondary listing on the ASX.
Further announcements will be made as appropriate.
For any further information, please contact:
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Atlantic Lithium Limited
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
www.atlanticlithium.com.au
[email protected]
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Tel:
+61 2 8072 0640
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SP Angel Corporate Finance LLP
Nominated Adviser
Jeff Keating
Charlie Bouverat
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Tel: +44 (0)20 3470 0470
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Canaccord Genuity Limited
Joint Company Broker
Raj Khatri
James Asensio
Harry Rees
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Tel: +44 (0) 20 7523 4500
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Liberum Capital Limited
Joint Company Broker
Scott Mathieson
Edward Thomas
Kane Collings
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Tel: +44 (0) 20 3100 2000
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SI Capital Limited
Joint Company Broker
Nick Emerson
Jon Levinson
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Tel: +44 (0) 1483 413 500
Tel: +44 (0) 207 871 4038
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Yellow Jersey PR Limited
Henry Wilkinson
Dominic Barretto
James Lingfield
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Tel: +44 (0)20 3004 9512
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Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium (formerly "IronRidge Resources") is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa's first lithium producing mine. The project is fully funded to production under an agreement with Piedmont Lithium for US$102m, based on the updated Scoping Study dated 7 December 2021, indicating Life of Mine revenues exceeding US$3.4bn and set to produce a premium lithium product.
Atlantic Lithium holds a 560km2 & 774km2 tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.