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Atlantic Lithium Limited (ASX:A11)

ALERT: Price-sensitive ASX Announcement for A11
Current share price for A11 : $0.295 -0.01 (-3.28%)+
Announcement
Release
30 Apr 2026 3:49PM
Price at Release
$0.305
Full Release
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Summary
Atlantic Lithium Limited released its Quarterly Activities and Cash Flow Report for the quarter ending 31 March 2026. The report highlights the parliamentary ratification of the Mining Lease for the Ewoyaa Lithium Project in Ghana, with fiscal terms revised according to local legislation. The company secured funding of up to US$16.4 million through investments from Ghanaian pension funds and an agreement with Long State Investments. As of the quarter's end, Atlantic Lithium had A$13.9 million in cash and no debt. The Ewoyaa project is advancing with a reported Mineral Resource Estimate of 36.8 million tonnes at 1.24% Li2O. The company spent A$2.2 million on development in Ghana and A$0.2 million in Côte d'Ivoire, with ongoing efforts to finalize socio-economic initiatives for affected Ghanaian communities and complete exploration activities in Côte d'Ivoire.
Key Points
  • Atlantic Lithium secured parliamentary ratification for the Mining Lease of the Ewoyaa Lithium Project in Ghana.
  • The project will include a revised royalty rate in alignment with Ghanaian laws.
  • The company secured up to US$16.4m in funding, including a strategic investment from Ghanaian pension funds and a placement agreement with Long State Investments.
  • Cash at the end of the quarter was A$13.9m with no debt.
  • The project's Mineral Resource Estimate (MRE) totals 36.8Mt at 1.24% Li2O.
  • Quarterly spending included A$2.2m on development in Ghana and A$0.2m in Côte d'Ivoire.
  • Project discussions include socio-economic initiatives for local communities in Ghana.
  • Soil sampling completed in Côte d'Ivoire with results pending.
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.