ACCESS Newswire
22 Nov 2022, 12:43 GMT+10
SYDNEY, AUSTRALIA / ACCESSWIRE / November 22, 2022 / Atlantic Lithium Limited (AIM:ALL)(ASX:A11)(OTCQX:ALLIF) 'Atlantic Lithium' or the 'Company'), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, wishes to advise that the Company has received the following TR-1 Notification notifying of a change in major holdings. Assore International Holdings Limited ('Assore') voting rights now sit at 25.06% of the issued capital of the Company.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
'We welcome the further investment by Assore showing their commitment to the Company, and indeed their active involvement and support in developing Ghana's first lithium mine.'
For any further information, please contact:
Notes to Editors:
About Atlantic Lithium
Atlantic Lithium (formerly 'IronRidge Resources') is an AIM and ASX-listed lithium exploration and development company advancing a portfolio of lithium projects and licenses in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.
Atlantic Lithium holds 560km2 & 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.
22 November 2022
Atlantic Lithium Limited
TR1 Notification of Major Interest
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
AU0000237554
Issuer Name
Atlantic Lithium Limited
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition of voting rights
3. Details of person subject to the notification obligation
Name
Assore International Holdings
City of registered office (if applicable)
Winchester
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
16 November 2022
6. Date on which Issuer notified
14 November 2022
7. Total positions of person(s) subject to the notification obligation
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
22 November 2022
13. Place Of Completion
Johannesburg, South Africa
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: Atlantic Lithium Limited
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationNEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
(Photo credit: Mark J. Rebilas-Imagn Images) The Washington Nationals dismissed manager Dave Martinez and general manager Mike Rizzo...
(Photo credit: Rick Scuteri-Imagn Images) Michael Lorenzen pitched seven scoreless innings and won for the first time in nearly a...
(Photo credit: Ron Chenoy-Imagn Images) Mickey Moniak finished a double shy of the cycle, Michael Toglia also went deep, and the...
(Photo credit: Daniel Bartel-Imagn Images) Road course ace Shane van Gisbergen roared to the lead on Lake Shore Drive and ran away...
(Photo credit: Bruce Kluckhohn-Imagn Images) The Washington Wizards completed a three-team trade on Sunday, acquiring guard CJ McCollum,...
(Photo credit: Nick Turchiaro-Imagn Images) The Toronto Blue Jays placed second baseman Andres Gimenez on the 10-day injured list...