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Atlantic Lithium Limited (ASX:A11)

ALERT: Price-sensitive ASX Announcement for A11
Current share price for A11 : $0.295 -0.025 (-7.81%)+
Announcement
Release
11 May 2026 8:53AM
Price at Release
$0.320
Full Release
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Summary
Atlantic Lithium Limited announced that Elevra Lithium Limited has agreed to transfer its rights and obligations related to the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt Co., Limited. Elevra will transfer all its interests, including a 22.5% stake in the Ghana Portfolio, to Huayou upon regulatory approvals. The agreement ensures Huayou will shoulder the remaining development costs, expediting project benefits delivery to Ghana, particularly to its Central Region communities. The deal is independent of a separate scheme of arrangement between Atlantic Lithium and Huayou.
Key Points
  • Elevra Lithium Limited to transfer Ewoyaa Project rights to Zhejiang Huayou Cobalt.
  • Transfer includes a 22.5% interest in Ghana Portfolio.
  • Huayou to fund remaining project development costs.
  • Agreement not contingent on separate scheme with Huayou.
  • Expected to expedite benefits to Ghana's Central Region.
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.