REG - Atlantic Lithium Ltd - Admission to Trading on the Ghana Stock Exchange

Atlantic LithiumAnnouncement

10/05/2024 07:00

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RNS Number : 9047N  Atlantic Lithium Limited  10 May 2024

 

10 May 2024

Admission to Trading on the Ghana Stock Exchange

Atlantic Lithium to commence trading on the Main Market of the GSE on Monday, 13 May 2024

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium"
or the "Company"), the African-focused lithium exploration and development
company targeting to deliver Ghana's first lithium mine, is pleased to
announce that admission of its entire issued share capital ("Admission"),
being 649,669,053 ordinary shares ("Ordinary Shares"), by introduction on the
Main Market of the Ghana Stock Exchange ("GSE") and commencement of trading of
the Ordinary Shares will take place at 10:00 a.m. GMT on Monday, 13 May 2024,
under the ticker "ALLGH".

The Company will not place or issue any new Atlantic Lithium shares in
connection with its GSE listing and Admission will have no impact on the
Company's existing listings on the Australian Securities Exchange or the
London Stock Exchange's AIM.

Further information in relation to the Admission can be found in the Company's
announcement dated 2 May 2024 and the Company's GSE Listing Prospectus, which
can be found on the Company's website or via the following link:
https://www.atlanticlithium.com.au/s/Atlantic-Lithium-Limited-Prospectus-April-2024.pdf
(https://www.atlanticlithium.com.au/s/Atlantic-Lithium-Limited-Prospectus-April-2024.pdf)
.

The Transaction Advisors for the Company's Listing are Black Star Brokerage
Limited as the Sponsoring Broker and Arranger, JLD & MB Legal Consultancy
as the Legal Advisor, SCG Chartered Accounts as the Reporting Accountants,
Central Securities Depository (GH) LTD as the Registrar and Depository and SRK
Exploration Services LTD as the Geological Consultants.

Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:

"Recognising the strategic and socio-economic importance of the Ewoyaa Lithium
Project to Ghana, we are delighted to be listing the Company's shares on the
Ghana Stock Exchange, which we believe will provide Ghanaians greater
opportunity to share ownership in and contribute to the advancement of the
Project towards production.

"During what is set to be a milestone year for Atlantic Lithium, we are
grateful for the considerable support we have received from the Minerals
Income Investment Fund, the Minerals Commission, Ghana's Securities and
Exchange Commission and the GSE to enable the Company's Admission.

"We look forward to commencing our journey on the GSE alongside the
prospective Ghanaian investors that we hope to welcome through our Admission.
This represents an important new chapter for Atlantic Lithium in Ghana as we
look to achieve long-term lithium production to support the country's critical
mineral objectives."

 
 

For any further information, please contact:
Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

                   www.atlanticlithium.com.au
                   IR@atlanticlithium.com.au
                   Tel: +61 2 8072 0640
 SP Angel Corporate Finance LLP      Yellow Jersey PR Limited      Canaccord Genuity Limited

 Nominated Adviser                   Charles Goodwin               Financial Adviser:

 Jeff Keating                        Bessie Elliot                 Raj Khatri (UK) /

                                   atlantic@yellowjerseypr.com

 Charlie Bouverat
                             Duncan St John, Christian Calabrese (Australia)

                                   Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470

                                                                   Corporate Broking:

                                                                   James Asensio

                                                                   Tel: +44 (0) 20 7523 4500

 
Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)

Atlantic Lithium is an AIM and ASX-listed lithium company advancing its
flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene
pegmatite discovery in Ghana, through to production to become the country's
first lithium-producing mine.

The Definitive Feasibility Study for the Project indicates the production of
3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the
largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being
developed under an earn-in agreement with Piedmont Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
774km(2) of granted and under-application tenure across Ghana and Côte
d'Ivoire respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective licences.

 

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