Atlantic Lithium Limited Announces Corporate Update - Result of 2022 AGM

Rhea-AI Summary

Atlantic Lithium has successfully passed all resolutions during its Annual General Meeting held on November 30, 2022, in Brisbane, Australia. The company focuses on establishing Ghana's first lithium mine through its flagship Ewoyaa Project, which is backed by a $103 million funding agreement with Piedmont Lithium. The project is projected to generate over $4.84 billion in revenues, utilizing a simple gravity process for spodumene concentrate production. Atlantic Lithium holds extensive licenses across Ghana and Côte d'Ivoire, enhancing its growth potential in the lithium sector.

Positive

• All resolutions at the AGM were passed, indicating strong shareholder support.
• Secured $103 million funding from Piedmont Lithium for the Ewoyaa Project.
• Ewoyaa Project expected to generate over $4.84 billion in revenues.

Negative

• None.

Corporate Update Result of Annual General Meeting

SYDNEY, AUSTRALIA / ACCESSWIRE / November 30, 2022 / Atlantic Lithium Limited (AIM:ALL)(ASX:A11)(OTCQX:ALLIF) "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to confirm that all resolutions put to shareholders at the Company's Annual General Meeting, held earlier today in Brisbane, Australia were passed by way of a poll.

Resolutions 1 to 7 are ordinary resolutions and resolution 8 is a special resolution. Details of the results and the proxies received in respect of each resolution are set out in the attached summary:
http://www.rns-pdf.londonstockexchange.com/rns/0539I_1-2022-11-30.pdf

By order of the Board
Amanda Harsas
Company Secretary

For any further information, please contact:

Atlantic Lithium Limited Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au atlantic@yellowjerseypr.com	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
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 is an AIM and ASX-listed lithium exploration and development company advancing a portfolio of lithium projects and licenses in Ghana and Côte d'Ivoire through to production.

The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.

Atlantic Lithium holds 560km² & 774km² of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Atlantic Lithium Limited

View source version on accesswire.com:
https://www.accesswire.com/729419/Atlantic-Lithium-Limited-Announces-Corporate-Update--Result-of-2022-AGM

FAQ

What were the results of Atlantic Lithium's AGM on November 30, 2022?

All resolutions proposed at Atlantic Lithium's AGM were passed by shareholders.

What is the Ewoyaa Project?

The Ewoyaa Project is Atlantic Lithium's flagship project in Ghana, aiming to establish the country's first lithium mine.

How much funding has Atlantic Lithium secured for the Ewoyaa Project?

Atlantic Lithium secured $103 million in funding from Piedmont Lithium for the Ewoyaa Project.

What are the expected revenues from the Ewoyaa Project?

The Ewoyaa Project is projected to exceed $4.84 billion in revenues based on the Pre-Feasibility Study.