REG - Atlantic Lithium Ltd - Response to Media Reporting

Atlantic LithiumAnnouncement

24/04/2025 12:00

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RNS Number : 0798G  Atlantic Lithium Limited  24 April 2025

24 April 2025

Response to Media Reporting

The Board of Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX:
ALLIF, "Atlantic Lithium" or the "Company"), acknowledges the recent media
coverage regarding its appeal to the Ghanaian Government for fiscal
concessions to ensure the successful development of the Ewoyaa Lithium
Project, Ghana's first lithium-producing mine.

Since the Ewoyaa Mining Lease was granted in October 2023, lithium prices have
declined significantly. Accordingly, the Company has engaged key stakeholders,
including government representatives, to discuss fiscal terms that reflect the
current lithium price environment. Discussions remain ongoing.

Despite the challenging global lithium market, Atlantic Lithium remains
steadfast in its commitment to progressing the Ewoyaa project to production,
working closely with the Government of Ghana and local communities. The
Company continues to engage in constructive discussions with all stakeholders
to ensure that the project delivers long-term benefits for Ghana,
including critical revenues, local employment and skills development.

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

"We are dedicated to working in a spirit of partnership with the Government of
Ghana and our host communities to ensure Ewoyaa becomes a flagship project for
the country and the region. While current lithium prices present headwinds, we
believe that through collaboration and prudent fiscal measures, we can advance
Ewoyaa to production and deliver lasting value for all stakeholders."

Authorised for release by Amanda Harsas, Finance Director and Company
Secretary, Atlantic Lithium Limited.

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 (mailto: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, ASX, GSE and OTCQX-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 Project was awarded a Mining Lease in October 2023, an Environmental
Protection Agency ("EPA") Permit in September 2024, and a Mine Operating
Permit in October 2024 and is being developed under an earn-in agreement with
Piedmont Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
771km(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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