ATLANTIC LITHIUM LTD - ALLIF STOCK NEWS

Atlantic Lithium Limited has successfully commenced trading on the Australian Securities Exchange (ASX) under the ticker 'A11'. The company's dual listing, which was fully subscribed for 22,850,000 shares at A$0.58 each, began on September 21, 2022. This move aims to enhance the profile of the Ewoyaa Lithium Project in Ghana, expected to be the country’s first lithium mine. The management emphasizes that this ASX listing will broaden the shareholder base and provide greater liquidity, aligning with the growing global demand for lithium.

Atlantic Lithium Limited has released a Pre-Feasibility Study (PFS) for the Ewoyaa Lithium Project in Ghana, showing a post-tax NPV of US$1.33 billion and an internal rate of return of 224%. The project is expected to generate US$4.84 billion in revenues over a 12.5-year mine life, with average annual EBITDA of US$248 million. The maiden ore reserve stands at 18.9 million tonnes at 1.24% Li₂O. Capital costs are estimated at US$125 million, supporting the development of Ghana's first lithium mine.

Atlantic Lithium Limited has achieved a significant milestone by gaining admission to the Australian Securities Exchange (ASX). The company's shares will begin trading under the ticker 'A11' at 12:00 PM AEST on September 26, 2022. This dual listing complements its existing presence on the AIM market of the London Stock Exchange, where it trades as 'ALL'. Atlantic Lithium is focused on developing Ghana's first lithium mine, the Ewoyaa Project, which is fully funded with an investment agreement worth US$103 million with Piedmont Lithium.

Atlantic Lithium Limited announced the issuance of 15,500,000 new ordinary shares following the exercise of unlisted options, generating a total of £2,580,000 (approximately A$4,469,534). The options were exercised at a strike price of 12 pence and 30 pence, with new shares expected to be admitted for trading on AIM by September 26, 2022. This brings the total issued share capital to 605,741,660. Interim CEO Lennard Kolff van Oosterwijk acquired 3,500,000 shares during this issuance, while a close associate sold 2,850,000 shares at A$0.58 each.

Atlantic Lithium Limited (AIM:ALL, OTC:ALLIF) announced a TR-1 Notification indicating a change in significant shareholdings. Electrification and Decarbonization AIE LP has acquired a voting rights stake of 3.07% in the company, representing a notable shift in share distribution. This development may impact the company's shareholder dynamics and potential future strategies. For further details, stakeholders can contact the company directly via their website or through listed corporate finance advisers.

Atlantic Lithium Limited announced the successful closure of its Australian Securities Exchange (ASX) dual listing offer on September 8, 2022.

The offer, which aimed to acquire 22,850,000 shares at A$0.58 each, received full subscription from eligible investors in Australia, New Zealand, Hong Kong, and Singapore.

Atlantic Lithium is on track for the ASX listing scheduled for September 26, 2022, under the ticker code A11, further positioning itself in the lithium market.

Atlantic Lithium Limited (AIM:ALL)(OTCQX:ALLIF) has announced its participation in the Africa Down Under conference from August 31 to September 2, 2022. The company aims to provide updates on its flagship Ewoyaa Lithium Project in Ghana, which is on track to become the country’s first lithium mine. The project is funded through an agreement with Piedmont Lithium, totaling US$102 million, with projected Life of Mine revenues exceeding US$3.4 billion. Investors can find further details and presentations on Atlantic Lithium's website.

Atlantic Lithium Limited (ALLIF) has announced the opening of its ASX dual listing offer on August 23, 2022. The company filed a Prospectus with the Australian Securities and Investments Commission, aiming to sell up to 22,850,000 shares at A$0.58 each, backed by firm investor commitments. Though this sell-down will not raise cash for Atlantic Lithium, it expects approximately $4.47 million from exercised options. The ASX listing is anticipated to enhance the company’s visibility and support its Ewoyaa Lithium Project.

Atlantic Lithium (AIM:ALL, OTCQX:ALLIF) announced positive assay results from the ongoing Ewoyaa Lithium Project in Ghana. The recent drilling program, targeting 37,000 meters, has revealed significant extensions of mineralization beyond the current resource estimate of 30.1Mt at 1.26% Li2O. Key intersections include 69m at 1.34% Li2O and 67m at 1.2% Li2O. Approximately 27,000m of drilling has been completed, with ongoing assays expected to continue boosting resource potential. The company is positioned to benefit from rising global lithium demand.