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Atlantic Lithium Limited Announces Corporate Update - Canaccord Appointmet

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Apr 04, 2022
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Corporate Update

Appointment of Canaccord Genuity Limited as financial advisor

Potential secondary listing on ASX

SYDNEY, AUSTRALIA / ACCESSWIRE / April 4, 2022 / Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, "Atlantic Lithium" or the "Company"), the African focused lithium exploration and development company, announces the appointment of Canaccord Genuity Limited as the Company's financial advisor.

In recent months, Atlantic Lithium has received unsolicited enquiries from multiple parties interested in acquiring all or part of the Company and/or its assets. Canaccord Genuity Limited will assist in evaluating the merit of these enquiries.

The Company is also independently considering a potential secondary listing on the Australian Stock Exchange (ASX).

Further announcements will be made if and when such announcements are appropriate.

For any further information, please contact:

Atlantic Lithium Limited

Neil Herbert (Chairperson)

Amanda Harsas (Finance Director and Company Secretary)

www.atlanticlithium.com.au

[email protected]

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 Mathieson

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

James Lingfield

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 update Scoping Study indicates Life of Mine revenues exceeding US$3.4bn.

Atlantic Lithium 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 [email protected] or visit www.rns.com.

SOURCE: Atlantic Lithium Limited



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