InvestSMART

Atlantic Lithium Limited (ASX:A11)

ALERT: Price-sensitive ASX Announcement for A11
Current share price for A11 : $0.295 0.095 (47.50%)+
Announcement
Release
31 Oct 2025 5:03PM
Price at Release
$0.200
Full Release
download
Summary
Atlantic Lithium Limited has released its Quarterly Activities and Cash Flow Report for the period ending 30 September 2025. The company concluded negotiations with the Government of Ghana over the Ewoyaa Mining Lease's fiscal terms and is awaiting parliamentary ratification. Exploration efforts in Côte d'Ivoire have shown promising results, with significant lithium-in-soil anomalies identified. Financially, the company reported a cash balance of A$4.1 million with no debt, having spent A$4.2 million on exploration activities in Ghana and Côte d'Ivoire. Atlantic Lithium also secured binding financing agreements with Long State Investments Ltd, providing access to up to £28 million over two years to advance the Ewoyaa project. The report indicates that Atlantic Lithium is focused on advancing the Ewoyaa Lithium Project in Ghana and low-cost exploration in Côte d'Ivoire, aiming to become Ghana's first lithium-producing mine.
Key Points
  • Concluded negotiations with Ghana regarding Ewoyaa Mining Lease.
  • Secured financing agreements providing up to £28 million.
  • Promising exploration results in Côte d'Ivoire with significant lithium anomalies.
  • Awaiting parliamentary ratification for Ewoyaa Mining Lease.
  • Cash balance of A$4.1 million, with A$4.2 million spent on exploration.
  • Focus on advancing Ewoyaa Lithium Project and Côte d'Ivoire exploration.
  • No debt as of the quarter ending 30 September 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.