ATLANTIC LITHIUM LTD - ALLIF STOCK NEWS

Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF) announced its intention to pursue a listing on the Australian Securities Exchange (ASX) on July 12, 2022. The company aims to enhance visibility for its Ewoyaa Project in Ghana, attract new investors, and provide liquidity for existing shareholders. Canaccord Genuity has been appointed as the Lead Manager for this process. The company targets finalization of the ASX listing by Q3 2022, contingent upon meeting the ASX admission requirements of having at least 300 shareholders each holding a minimum of AUD $2,000. No guarantees of listing success were provided.

Atlantic Lithium reports positive initial assay results from its drilling program at the Ewoyaa Lithium Project in Ghana, which aims to establish the country's first lithium mine. The ongoing resource evaluation involves 37,000m of drilling, with 4,560m completed and promising high-grade intersections, such as 22m at 1.25% Li2O. The company upgraded its Mineral Resource Estimate to 30.1Mt at 1.26% Li2O, a 42% increase. Future resource growth appears strong, supported by favorable spodumene pricing. The Pre-Feasibility Study is expected in Q3 2022.

Atlantic Lithium Limited (AIM: ALL, OTCQX: ALLIF) has released positive metallurgical test results for its Ewoyaa Lithium Project in Ghana. The test highlights include up to 80% lithium concentrate recovery using a coarser 10mm crush, enhancing the project's economic prospects. Results indicate potential for a low-capex gravity separation plant. The company aims to deliver a Pre-Feasibility Study by Q3 2022, supported by promising lithium and feldspar concentrate quality. The project's location near infrastructure is a strategic advantage for operational efficiency.

Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF) has announced significant developments at its Ewoyaa Lithium Project in Ghana. The company has mobilized three additional drill rigs, increasing the total to four, and expanded its drilling program from 19,000m to approximately 37,000m. To date, 9,166m have been drilled with multiple spodumene intercepts observed, indicating potential resource growth. Despite delays in assay results due to high demand, the company remains on track to deliver a Pre-Feasibility Study in Q3 2022, aiming to define further resource expansion.

Atlantic Lithium Limited has announced the issuance of 1,352,700 Ordinary Shares at a price of 30 pence per share due to the exercise of unlisted broker warrants. Admission to trading on AIM is expected around 17 May 2022, increasing the Company's total issued share capital to 578,096,946 Ordinary Shares. The Company's flagship project, the Ewoyaa Project in Ghana, is on track to become West Africa's first lithium-producing mine, with projected revenues exceeding US$3.4bn.

Atlantic Lithium has announced a change in major holdings, with Sumitomo Corporation now holding 2.53% of its issued capital. Additionally, Mr. Tetsunosuke Miyawaki has resigned as a Non-Executive Director, along with his alternate director, Tsuyoshi Ueda. This shift in board composition may prompt questions about future leadership direction and potential impacts on company strategy.

Atlantic Lithium (AIM:ALL)(OTCQX:ALLIF) announced a significant change in major holdings with Assore International Holdings Limited now owning 23.79% of the company’s voting rights. The notification reflects an increase from the previous holding of 20.81%. Atlantic Lithium is focused on lithium exploration and development in Africa, specifically through its flagship Ewoyaa Project in Ghana, which is projected to bring in revenues exceeding US$3.4bn.

Atlantic Lithium (AIM:ALL, OTCQX:ALLIF) has announced significant updates regarding its executive team and board structure as it advances towards becoming West Africa's first lithium producer. Mr. Neil Herbert has transitioned from Non-Executive Chairman to Executive Chairman, while Mr. Stuart Crow has taken the role of Senior Non-Executive Director. The company will issue options to key board members, aligning their interests with shareholder value. Additionally, changes have been made to the share options held by former CEO Vincent Mascolo following his passing.

Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF) has appointed Canaccord Genuity Limited as its financial advisor amid increasing interest from potential buyers. The company is also exploring a secondary listing on the Australian Stock Exchange (ASX). This follows unsolicited inquiries about acquiring parts of the company or its assets. Atlantic Lithium's flagship Ewoyaa Project in Ghana is on track to be West Africa's first lithium-producing mine, fully funded for production with an expected life of mine revenue surpassing US$3.4 billion.