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Atlantic Lithium Ltd (ALL)

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Wednesday 25 May, 2022

Atlantic Lithium Ltd

Corporate Update - Response to Media Articles

RNS Number : 7846M
Atlantic Lithium Limited
25 May 2022
 

 

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:

 

Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

www.atlanticlithium.com.au

[email protected]

Tel:  +61 2 8072 0640

 


SP Angel Corporate Finance LLP

Nominated Adviser

Jeff Keating

Charlie Bouverat

 

Tel: +44 (0)20 3470 0470

 

Canaccord Genuity Limited

Joint Company Broker

Raj Khatri

James Asensio

Harry Rees

 

Tel: +44 (0) 20 7523 4500

 

 

Liberum Capital Limited

Joint Company Broker

Scott Mathieson

Edward Thomas

Kane Collings

 

Tel: +44 (0) 20 3100 2000 

 

 

SI Capital Limited

Joint Company Broker

Nick Emerson

Jon Levinson

 

Tel: +44 (0) 1483 413 500

Tel: +44 (0) 207 871 4038

 


Yellow Jersey PR Limited

Henry Wilkinson

Dominic Barretto

James Lingfield




Tel: +44 (0)20 3004 9512

 

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.

 

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