Business
Quarterly Activities and Cash Flow Report
Atlantic Lithium Limited has reported its activities for the quarter ended December 31, 2025, highlighting the submission of a revised Ewoyaa Mining Lease to the Parliament of Ghana for ratification, which is the final permitting step. The company also noted positive exploration results in Côte d'Ivoire, with new spodumene pegmatite occurrences and significant lithium-in-soil anomalies identified across its Rubino and Agboville licences. Financially, Atlantic Lithium raised £2 million (A$4.1 million) through a second placement with Long State Investments Ltd, following an initial placement of £2,005,156, and ended the quarter with A$5.4 million in cash. The company also withdrew from the OTCID Basic Market as part of a cost-saving measure. Disclaimer*
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n\n\n29 January 2026\nQuarterly Activities and Cash Flow Report\nfor the quarter ended 31 December 2025\n Atlantic Lithium awaits parliamentary ratification of the revised Ewoyaa Mining Lease\n\nAtlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, \"Atlantic Lithium\" or the \"Company\"), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, is pleased to release its Quarterly Activities and Cash Flow Report for the period ended 31 December 2025.\nHighlights\nProject Development:\n- A revised version of the Mining Lease in respect of the Company's flagship Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\") in Ghana has been submitted to the Parliament of Ghana and referred to the Select Committee, per the necessary process for ratification.\n- The Mining Lease includes fiscal terms that were incorporated following a period of consultation undertaken by the Minister of Lands and Natural Resources and relevant local and industry stakeholders.\no The revised terms comprise the alignment of the Project's royalty rate and Growth and Sustainability Levy to current legislated rates in Ghana.\no Concurrently, the Ministry of Lands and Natural Resources has submitted a Legislative Instrument proposing a sliding scale for royalty rates for lithium projects for parliamentary approval.\n- The Company understands that Parliament has been called to reconvene on Tuesday, 3 February 2026, following which the Select Committee is expected to provide its recommendation to Parliament.\n- With all the necessary regulatory approvals secured, parliamentary ratification of the Mining Lease represents the final step in the Project's permitting process.\n \nExploration:\n- New spodumene pegmatite occurrences discovered in rock float from further mapping completed within the Company's Rubino licence in Côte d'Ivoire, in addition to the previously reported outcrop.\n- Impressive lithium-in-soil results returned from soil sampling completed across both of the Company's 100%-owned Rubino and Agboville exploration licences in Côte d'Ivoire.\no Resu...