Issue of Options and New OTCQX Ticker 'ALLIF'

Rhea-AI Summary

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.

Positive

• 3 million unlisted options issued to enhance market awareness.
• New OTCQX ticker 'ALLIF' to increase visibility in US equity markets.
• Ewoyaa Project fully funded with US$102 million from Piedmont Lithium.
• Projected Life of Mine revenues exceeding US$1.5 billion.

Negative

• None.

SYDNEY, AUSTRALIA / ACCESSWIRE / November 26, 2021 / Atlantic Lithium Limited (AIM:ALL)(OTCQX:ALLIF), 'Atlantic' or the 'Company'), the African focussed lithium exploration and development company, has issued the unlisted options set out below to a New York based proprietary research and capital markets advisory firm focused on the lithium-ion battery materials supply chain which the Company has engaged to assist with enhancing awareness of Atlantic in the US equity markets.

Unlisted Options

Number of Options	Strike Price	Term to Expiry
1,000,000	30 pence	18 August 2023
1,000,000	40 pence	18 August 2023
1,000,000	50 pence	18 August 2023

The Company will commence trading on the OTCQX market under its new ticker 'ALLIF' with effect from today, 26^th November 2021.

Atlantic also encourages existing and prospective shareholders to follow the Company's social media channels for real-time access to investor presentations, videos and updates:

Twitter: https://twitter.com/AtlanticLithium
LinkedIn: https://www.linkedin.com/company/atlantic-lithium-limited/
YouTube: https://www.youtube.com/channel/UC4G-Ufl7tHFcgkokwp-sK-w/featured
AIM announcements: https://www.atlanticlithium.com.au/aim-announcements
Proactive Investors: https://www.proactiveinvestors.co.uk/LON:ALL/Atlantic-Lithium-Ltd
Mining Review Africa profile: https://www.miningreview.com/Atlantic-lithium/

For any further information, please contact:

Atlantic Lithium Limited Vincent Mascolo (Chief Executive Officer) Amanda Harsas (Company Secretary) www.atlanticlithium.com.au	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 Matheson 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 Matthew McHale	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 and set to produce a premium lithium product. A robust Scoping Study indicates Life of Mine revenues exceeding US$1.5bn.

Atlantic holds a 560km² & 774km² 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/674742/Issue-of-Options-and-New-OTCQX-Ticker-ALLIF

FAQ

What is the significance of Atlantic Lithium issuing unlisted options?

Issuing 3 million unlisted options is a strategic move to enhance Atlantic Lithium's market presence and attract investor interest in the US.

When did Atlantic Lithium start trading on the OTCQX market?

Atlantic Lithium commenced trading on the OTCQX market under the ticker 'ALLIF' on 26 November 2021.

What are the details of Atlantic Lithium's Ewoyaa Project?

The Ewoyaa Project in Ghana is expected to be West Africa's first lithium mine, fully funded with a US$102 million agreement and projected revenues of over US$1.5 billion.

What are the strike prices and expiry for the new options issued by Atlantic Lithium?

The newly issued options have strike prices of 30p, 40p, and 50p, all expiring on 18 August 2023.