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PROJECT|Resources|Sustainable
PROJECT|Resources|Sustainable
project|resources|sustainable

Atlantic Lithium starts trading on ASX

26th September 2022

By: Marleny Arnoldi

Deputy Editor Online

     

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Ghana-focused lithium developer Atlantic Lithium has started trading on the ASX.

The company’s secondary listing for 22.8-million shares, at a price of A$0.58 apiece, was fully subscribed to investors in Australia, New Zealand, Hong Kong and Singagore, on September 26.

Atlantic on September 22 announced a prefeasibility study in its Ewoyaa lithium project, in Ghana, which confirms its strong earnings prospects.

The company finds it viable to put up a 255 000 t/y 6% lithium spodumene concentrate operation, for a capital cost of $125-million.

The board believes the ASX listing reflects the global demand for a sustainable supply of lithium to facilitate the transition to a lower carbon future, and will raise the Ewoyaa project’s profile in a robust resources market.

The dual listing also extends Atlantic’s shareholder base, enabling wider trading of its shares and providing greater liquidity for its shares.

“As an Australia-headquartered company, the listing also allows us to reinforce the close communication we have with an expanded group of Australian investors,” says chairperson Neil Herbert.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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