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Atlantic Lithium Limited — Capital/Financing Update 2022
Dec 29, 2022
10433_rns_2022-12-29_a4c30f4b-e550-4510-b1dc-684edf5b624f.pdf
Capital/Financing Update
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30 December 2022
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Corporate Update Change of terms for Share Options
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana’s first lithium mine, wishes to advise the following changes of terms for existing Share Options (“Options”).
The following changes have been made to the Options held by the Estate of Atlantic Lithium’s founder and former CEO, Mr Vincent Mascolo, who passed away earlier this year. The Board has amended the expiry date of the unlisted Options held by the Estate of the late Mr Mascolo to the original expiry date the options were issued to, as detailed below.
Unlisted Options
Number of Strike Price Original Amended New Options Expiry Date Expiry Date Expiry Date (RNS 22 April 2022) 5,000,000 40 pence 18 Aug 2023 31 Dec 2022 18 Aug 2023 6,000,000 50 pence 18 Aug 2023 31 Dec 2022 18 Aug 2023
For any further information, please contact:
Atlantic Lithium Limited
Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au [email protected]
Yellow Jersey PR Limited Henry Wilkinson Dominic Barretto Bessie Elliot
Tel: +61 2 8072 0640 Tel: +44 (0)20 3004 9512
Notes to Editors:
About Atlantic Lithium www.atlanticlithium.com.au
Atlantic Lithium is an AIM and ASX-listed lithium exploration and development company advancing a portfolio of lithium projects and licenses in Ghana and Côte d'Ivoire through to production.
Atlantic Lithium Limited ACN 127 215 132 Post: Level 33, Australia Square, 264 George Street, Sydney NSW 2000 Phone: +61 2 8072 0640 Email: [email protected] Website: www.atlanticlithium.com.au
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The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the PreFeasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.
Atlantic Lithium holds 560km[2] & 774km[2] of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.
Atlantic Lithium Limited ACN 127 215 132 Post: Level 33, Australia Square, 264 George Street, Sydney NSW 2000 Phone: +61 2 8072 0640 Email: [email protected] Website: www.atlanticlithium.com.au