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Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF) has issued 3 million unlisted options at various strike prices (30p, 40p, and 50p), all expiring on 18 August 2023. This strategic move aims to enhance the company's presence in US equity markets alongside its new OTCQX ticker, effective 26 November 2021. The company is advancing the Ewoyaa Project in Ghana, projected to be West Africa's first lithium-producing mine, with fully funded operations backed by a US$102 million agreement with Piedmont Lithium. Estimated revenues for the project exceed US$1.5 billion.
Atlantic Lithium Limited announces participation in upcoming online conferences, specifically the 121 Mining Investment Online EMEA from November 23-25, 2021. CEO Vincent Mascolo and COO Len Kolff will provide project updates. The conference aims to inform existing and potential shareholders through presentations accessible on their social media platforms. The company's flagship Ewoyaa Project in Ghana is poised to become West Africa's first lithium-producing mine, with a projected revenue exceeding US$1.5 billion.
IronRidge Resources Limited has officially changed its name to Atlantic Lithium Limited as of November 22, 2021. The Australian Securities and Investments Commission approved this name change following a resolution passed at the recent AGM. The stock will now trade under the new ticker symbol 'ALL'. Despite the name change, shareholder rights remain unaffected, and existing share certificates will still be valid. Atlantic Lithium focuses on lithium projects in Ghana and Côte d'Ivoire, particularly the Ewoyaa Project, which is backed by a $102 million agreement with Piedmont Lithium.
IronRidge Resources Limited has been granted a Cape Coast exploration license covering 139.23km2 in Ghana. This license enhances its lithium portfolio, adjacent to the Ewoyaa Lithium Project, which has a defined resource of 14.5Mt at 1.31% Li2O. The total portfolio in Ghana now extends to 560km2. The company plans aggressive exploration to define additional targets, anticipating increased demand for lithium amid the transition to stored energy.
IronRidge Resources Limited held its Annual General Meeting in Sydney, Australia, on November 18, 2021, where all resolutions were approved by shareholders. Key decisions included a name change to Atlantic Lithium Limited and the demerger of gold assets into a separate entity, Ricca Resources. The name change reflects a shift in focus towards lithium, particularly the development of the Ewoyaa Project in Ghana. A detailed breakdown of voting results showed overwhelming support, with 98.98% approval for major resolutions.
OTC Markets Group Inc. announced that IronRidge Resources Limited has upgraded to trading on the OTCQX Best Market from the Pink Market, effective November 8, 2021. This upgrade allows IronRidge to provide transparent trading for U.S. investors. The company’s CEO, Vincent Mascolo, emphasized the importance of this platform in reaching a broader investor audience, especially after their agreement with Piedmont Lithium Inc. to fast-track the Ewoyaa Lithium Project. Investors can find financial disclosures and quotes for IRRLF on OTC Markets.
