Business
Corporate Funding Update - Amendment
Atlantic Lithium Limited has secured up to US$16.4 million in funding through a strategic investment from Ghanaian pension funds totaling up to US$11.0 million and a US$5.4 million placement with Long State Investments Ltd. The strategic investment includes a US$5.0 million ordinary share subscription at US$0.197 per share and US$6.0 million in milestone-linked warrants, with proceeds intended to advance the Ewoyaa Lithium Project towards production. Dealings in new ordinary shares are expected to commence on or around March 20, 2026, for the Third Placement shares and on or around March 25, 2026, for the Ordinary Share Subscription shares. Disclaimer*
About this update from Atlantic Lithium Limited.
The following amendment has been made to the 'Corporate Funding Update' announcement released on 17 March 2026 at 07:00 under RNS No 8744W: Wording in respect of the date of Admission and the commencement of dealings in the new ordinary shares pursuant to the Ordinary Share Subscription and Third Placement has been amended to "on or around 20 March 2026 for the 27,379,260 shares being issued pursuant to the Third Placement and on or around 25 March 2026 for the 25,380,709 shares being issued pursuant to the Ordinary Share Subscription." All other details remain unchanged. The full amended text is shown below. 17 March 2026 Corporate Funding Update Atlantic Lithium to raise up to c. US$16.4m through a Strategic Investment from Ghanaian Investors and a Third Placement with Long State Investments Ltd Atlantic 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 announce that it has secured access to funding of up to a combined value of US$16.4m (AUD 23.1m / £12.2m). This comprises: 1. A Strategic Investment, comprising a subscription for ordinary shares and the issue of warrants, by a group of Ghanaian pension funds (together, the "Ghanaian Investors") to invest up to c. US$11.0m (AUD 15.5m / £8.2m); and 2. A placement under the Company's share placement agreement with Long State Investments Ltd ("Long State") to raise US$5.4m (AUD 7.6m / £4.0m). Proceeds will be used to support the advancement of the Company's flagship Ewoyaa Lithium Project ("Ewoyaa" or the "Project") in Ghana towards production. Highlights - Strategic investment from Ghanaian Investors, which are clients to IC Asset Managers (Ghana) Ltd ("ICAMGH"), to raise up to c. US$11.0m (AUD 15.5m / £8.2m) ("Strategic Investment") through: o An unconditional subscription for 25,380,709 Atlantic Lithium shares ("Ordinary Share Subscription") at a price of US$0.197 (AUD 0.277 / £0.146) per share, for a total value of US$5.0m (AUD 7.0m / £3.7m); o The issue of milestone-linked warrants ("Warrants") with an exercise price of up to US$0.296 (AUD 0.415 / £0.219) per warrant, for a total value of US$6.0m (AUD 8.5m / £4.5m).1 -  ...
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