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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Atlantic Lithium Limited | ALL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.45 | 2.25% | 20.45 | 16:28:57 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.45 | 19.94 | 20.50 | 20.45 | 20.00 |
| Industry Sector |
|---|
| MINING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 27/10/2021 | Interim | GBX | 2.6875 | 19/11/2021 | 23/11/2021 |
| Top Posts |
|---|
Posted at 24/4/2024 08:06 by plasybryn Sorry to see Len go. Wish him all the best. |
Posted at 17/4/2024 16:01 by albert35911 Don’t you just love the optimism or should I say ramping on all the advfn boards. |
Posted at 27/3/2024 18:38 by l0ngterm Play fair, you bought higher then suck it up and wait! We have all done it. You short belt up, wrong timing or you made profit. Either way play fair! |
Posted at 26/3/2024 17:41 by lurker5 Management are right to be excited about 'the Eowaa project' - their bonny baby. But there is deafening silence about the share of its profits that ALL shareholders will see. For one, a 15% 'free carry' is pretty onerous. It will take away more than 15% of the NPV shareholders will see. On top will be the cost of any off-take deal. So far, by shouldering 38% of the capex, shareholders can expect 38% of the net profit after the free carry. But if ALL can only meet that cost by selling an offtake in advance (a stream deal, or however - the mechanism can vary but usually consists in selling the offtake at a substantial discount) there will be another cost that shareholders will have to bear. Eg if ALL got a loan, the repayments will take away the associated repayment NPV (ie the repayments wll dent ALL's profit share). But getting a loan against what is now ALL's minority share in the project just can't be done. Hence an off-take deal, which always turns out much more expensive than any borrowing. (Depends how the offtake is structured in relation to whatever is paid to ALL up front.) No wonder Amanda and Neil aren't discussiing it, and no wonder I can't find any analysts report which calculates the shares' true value. Thats not to say it probably won't be more than current (insider Assor has obviously done the summs) But it could turn out a lot less than is being bandied around, and the funding structure together with an erratic lithium market makes for a pretty highly geared ALL share. It is probably why potential investors are still wary. |
Posted at 22/3/2024 10:02 by lcwanderer Ghana Stock Exchange listing, Parliamentary ratification of mining lease, MIIF final investment funding, Offtake agreement for part of remaining 50% and news of further resource increase.As you say, all due in Q2 - which starts in 10 days! All very positive if you ask me. |
Posted at 23/1/2024 13:50 by pauliewonder SP Angel seems to agree with this boards commentsAtlantic Lithium* (ALL LN) 20.20p, Mkt cap £126m Assore notifies market of increase in shareholding to 28.4% as potential precursor to hostile offerAssore International Holdings Limited reports it has raised its stake to 28.40% from 25.06%.We suspect the move may be a precursor to an offer for the company .UK takeover provisions do not apply as Atlantic Lithium is incorporated in Australia but Assore have bought the maximum that the 3% creep provision allows every six months.Atlantic management have already rejected offers from Assore to take over the business on at least two occasions.Assore have been long-standing backers of Atlantic supporting the IPO in 2015 and continuing to back the company through its transition into lithium.The group runs a series of bulk commodity mines in South Africa and holds 50% of Assmang (manganese), 100% of Dwarsrivier Chrome mine and 100% of Wonderstone.Assore also holds 26.6% of Gemfields and ~14% of Vision Blue Resources as well as its 28.4% stake in Atlantic Lithium.Given the worsening political, security situation in South Africa we would not be surprised to see more South African based businesses move to consolidate assets outside the region.Conclusion: We suspect Assore will be preparing for another potentially less friendly run on the company*SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 12/12/2023 11:16 by plasybryn SP Angel Brokers today:Atlantic Lithium* (ALL LN) 26.5p, Mkt Cap £162m – Feldspar mineral resource shows 15.7mt grading 40.2% feldspar at Ewoyaa Lithium project in Ghana (Ewoyaa Ownership: 40.5% Atlantic, 40.5% Piedmont, 6% MIIF Sovereign Wealth fund, 13% government of Ghana) STRONG BUY Atlantic Lithium have reported their first feldspar Mineral resource Estimate at the Ewoyaa Lithium project in Ghana. The initial mineral resource is estimated to be 15.7mt grading 40.2% representing approximately half of the total pegmatite volume with strong potential to double the resource. The team have also started re-sampling previous drilling samples for sodium as the indicator mineral for feldspar with potential to expand the resource further before the inclusion of new extensions being drilled. And a comment on the sub-region represents one of the fastest growing population centres globally which bodes well for ceramics demand. Ghana had a thriving ceramics industry in the Salt Pond region with investors looking to revamp the Saltpond Ceramic Company ‘SCC’ and Ghana Ceramics Company factory in recent years. The GCC factory has been defunct since the 1990s, partly due to the unreliable energy supply at the time. New hydropower production coupled with a more stable power grid is seen as supporting the restart of the ceramics industry along with plans for new solar power in the region. Atlantic’s metallurgical test work and ceramic application trials show the feldspar product is suitable for industry-standard ware and is comparable in all aspects, including contraction, water absorption, density, porosity, shape, colour and appearance. The team’s expert processing skills and output should be able to supply local Ghanaian demand and may even find new export markets. Conclusion: Atlantic is focussed on the production of lithium bearing spodumene from the Ewoyaa mine. The processing and sale of Feldspar should help to restart and rejuvenate local production of ceramics providing substantial new youth employment as well as opportunities for further export. This is good news for Atlantic, the Salt Pond ceramics industry and great news for local youth employment . *SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 22/11/2023 10:54 by ukgeorge From share price AngelCompany News Atlantic Lithium* (ALL LN) 26.6p, Mkt Cap £165m – Atlantic to start initial production at the Ewoyaa lithium project in early 2025 (Ewoyaa Ownership: 40.5% Atlantic, 40.5% Piedmont, 6% MIIF Sovereign Wealth fund, 13% government of Ghana) STRONG BUY Work is underway in planning for the construction of the Ewoyaa lithium mine and processing plant next year. First spodumene concentrate production should roll off in early 2025 from the DMS ‘Dense Media Separation’ plant with construction of the flotation plant to start shortly after. The Atlantic team have received the necessary permit for electrical power offtake from the Ghana grid which is reported to cut power costs by 30-50%. Ghana. Ghana has over >7,000Gwh of hydropower capacity generating just over 35% of the countries needs. The Atlantic team is busy working to prepare the way for construction next year on the: EPCM ‘Engineering, Procurement, Construction and Management‘ for the main process plant and other infrastructure Tendering for mining contractor and DMS procurement with DRA advising Tendering for the mobile crusher to feed the DMS Contract to move the high-tension transmission lines which cross the project site. This should happen in Q2 2024 Scoping study for the Flotation plant to follow on from the DMS plant. This will improve the overall performance of the plant. Feldspar resource estimate due this year to support study for by-product production for local ceramics industry EPCM on potential for lithium conversion plant in Ghana, as agreed in the terms of the grant of the Ewoyaa mining lease. 2.7mtpa flotation study supports viability of processing fines and the middlings along with enhanced recovery of P2 finer-grained pegmatite material. Recruitment of three general managers for the mine development and ongoing operation: Ahmed-Salim Adam joins as General Manager, Operations. He is an accomplished mining General Manager with >15 years' experience in Ghana. Andrew Henry joins General Manager, Commercial and Finance. Previously Andrew was at Allkem, a lithium chemicals company and also Newcrest Mining. Simone Horsfall joins General Manager, People. Previously Simone was a senior human resources professional at AngloGold Ashanti and at 29Metals. Permitting: “Following ministerial grant of the Mining Lease for the Project in October 2023, representatives of the Government of Ghana have publicly expressed their desire to ratify the Mining Lease before the end of the calendar year. Concurrently, the Company is undergoing activities to obtain the necessary approvals and permits required ahead of construction of the Project.” *SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 08/8/2023 10:56 by ukgeorge From SPAngelAtlantic Lithium* (ALL LN) 22.9p, Mkt Cap £138m – Infill and extension drilling shows high-grade results. Green minerals press speculation in Ghana. (Piedmonth can earn into up to 50% of the Ewoyaa lithium project through the expenditure of around 70% of the project capex) • Atlantic Lithium have responded to press speculation in Ghana in relation to potential new government legislation on ‘green minerals’ including lithium. • Speculation suggests the government may impose a sliding scale royalty scheme with royalties exceeding gold royalties at certain price levels. • The state’s carried interest is also expected to rise modestly from the current rate required from gold miners. • We understand the government is keen to see downstream processing in Ghana but we are also told miners should be allowed to export lithium concentrates till a refinery is built. • This follows a similar pattern to the gold industry where gold miners were allowed to export gold concentrates and dore but are now required to refine gold in Ghana. • The government of Ghana has an underlying right to buy all minerals produced in country and like most other nations is understandably keen to see value added in country. • Management are in regular and ongoing discussion with the Minerals Commission for the early development of the Ewoyaa lithium mine. • Livista, a European refinery company, is currently considering a site which it has been offered close to the port of Takoradi for the construction of its first non-European lithium refinery. • Infill and Extensional drill results: • Management report results from the latest 5,444m of infill and exploration drilling at Ewoyaa as part of a larger 18,500m drill program. • Two share price Angel mining analysts were recently at site to see Geodrills’ magnificent EDN2000HC automated drill rig churning out reverse circulation chippings with round the clock supervision and logging of drill chips. • Drilling is designed to increase the proportion of ‘Indicated Resources’ from lower confidence ‘Inferred resources’ at Ewoyaa South-2 for future mine scheduling and resource growth. • Intersections include: o 23m at 1.75% Li2O from 184m o 15m at 1.3% Li2O from 68m o 14m at 1.27% Li2O from 48m o 9m at 1.57% Li2O from 263m o 14m at 0.99% Li2O from 6m o 11m at 1.22% Li2O from 65m o 13m at 0.97% Li2O from 96m o 10m at 1.22% Li2O from 202m o 9m at 1.33% Li2O from 94m o 11m at 0.98% Li2O from 106m • Seismic survey using passive seismic is being demobilised due to limitations with not all known pegmatites identified by the survey. • The survey did identify a 10m wide pegmatite, an extension of a known pegmatite though the survey generally saw limitations on targets less than 20m true thickness. • The team see greater value in drilling now the seismic survey has shown how the structures run. • Broader exploration will continue to use soil sampling, geophysics and auger drilling ahead of RC drill testing. Conclusion: The government of Ghana is treading carefully with its new ‘Green minerals’ legislation. Ministers do not want to risk losing out on investment at a critical time for the ‘Green metals’ industry by imposing overly harsh royalty, ownership and export regimes which could cause investment to move to other countries for lithium and other green metals supplies. Ewoyaa remains on track to be Ghana's first lithium mine and is currently waiting on the government to settle on its new ‘Green minerals’ regime for its mining license. *SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port and see the infrastructure for the potential new Livista refinery site. Our intrepid analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 22/5/2023 11:45 by mikethebike4 Feb 2023What Are Sodium-Ion Batteries, and Could They Replace Lithium? gcarnero/Shutterstoc Sodium-ion (Na-ion) batteries use sodium ions instead of lithium ions to store and deliver power. Sodium is much more abundant and environmentally friendly than lithium, but there are still several challenges left to make sodium-ion batteries the new battery champion. Batteries are becoming crucial to everyday life, and whoever comes up with a better battery has the world on a platter. Sodium-ion batteries are a top contender to the crown held by lithium-ion batteries, but what exactly makes them special? What Is a Sodium-Ion Battery? Sodium-ion batteries are batteries that use sodium ions (tiny particles with a positive charge) instead of lithium ions to store and release energy. Sodium-ion batteries started showing commercial viability in the 1990s as a possible alternative to lithium-ion batteries, the kind commonly used in phones and electric cars. How Sodium-Ion Batteries Work Sodium-ion batteries, also called Na-ion batteries, use a chemical reaction to store and release electrical energy. Like all batteries, they have two electrodes (a positive electrode and a negative electrode) separated by an electrolyte, which is a special substance that allows ions (tiny particles with a positive or negative charge) to move between the electrodes. RELATEDWhat Is a Graphene Battery, and How Will It Transform Tech? Sodium-ion batteries work similarly to lithium-ion batteries, but they use sodium ions instead of lithium ions. The choice of materials for the electrodes and electrolytes can affect the performance and lifespan of the battery, so researchers are constantly experimenting with different combinations to find the best combination of cost, performance, and safety. Generally, the cathode (the negative electrode) and electrolyte contain sodium. What Makes Sodium-Ion Batteries Great? Lithium-ion batteries rule the roost at the moment, and there’s plenty of research to make them even better than they are right now. Still, sodium-ion batteries have a few distinct advantages over them. · Sodium is a much more abundant element than lithium, making it easier and cheaper to obtain. This could make sodium-ion batteries less expensive to manufacture than lithium-ion batteries and more environmentally friendly to boot! · Sodium-ion batteries have the potential to offer similar energy density as lithium-ion batteries, making them suitable for a wide range of similar applications, although they aren’t quite there yet. · Sodium-ion batteries are generally considered safer than lithium-ion batteries, as they are less prone to overheating and catching fire. Although several experimental lithium batteries have shown incredible resistance to damage that would make current batteries explode. The Drawbacks of Sodium-Ion Batteries There’s no such thing as perfect battery technology, and there are a few reasons sodium-ion batteries haven’t taken over from lithium yet. · Sodium-ion batteries have a lower voltage (2.5V) than lithium-ion batteries (3.7V), which means they may not be suitable for high-power applications that require a lot of energy to be delivered quickly. · They have a slower charge/discharge rate than lithium-ion batteries, which may not be suitable for applications that require a lot of power to be delivered quickly (such as electric vehicles). · Sodium-ion batteries still have limited charge cycles before the battery begins to degrade, and some lithium-ion battery chemistries (such as LiFeP04) can reach 10,000 cycles before degrading. Apart from these technical pros and cons, the manufacturing chain for sodium-ion batteries still has some kinks to sort out before it can become a widespread commercial product. Not to mention that engineers and scientists are working on solutions to this battery technology’s remaining weak points. The Present and Future Potential of Sodium-Ion Batteries Researchers and companies around the world are working to improve the performance and commercial viability of sodium-ion batteries. Some key areas of focus include improving the energy density and voltage of sodium-ion batteries, as well as increasing their lifespan and charge/discharge rate. If these efforts are successful, sodium-ion batteries could become a viable alternative to lithium-ion batteries in the future. They could potentially be used in various applications, including portable electronics, electric vehicles, and stationary energy storage systems. RELATEDHow Long Do Electric Car Batteries Actually Last? In 2022, researchers at the US Department of Energy made a major breakthrough in improving the durability of sodium-ion batteries. By changing some of the chemistry in the battery, the prototype coin-sized batteries lasted in excess of 300 cycles while maintaining more than 90% capacity. However, even without this new approach to chemistry, it seems that sodium-ion batteries are about to hit mass production anyway. Sodium-Ion Mass Production Has Already Started In December of 2022 it was reported that a company named HiNa in partnership with Chines state-owned China Three Gorges Corporation, had started mass production of sodium-ion batteries. The first generation of HiNa batteries offer energy density figures of 125Wh/kg, which is around half that of lithium-ion batteries. However, these batteries are rated for around 4500 charge cycles, which is significantly more than typical lithium-ion batteries. The Best Tech Newsletter Anywhere Join 425,000 subscribers and get a daily digest of features, articles, news, and trivia. By submitting your email, you agree to the Terms of Use and Privacy Policy. Typical lithium iron phosphate batteries offer energy densities similar to sodium-ion batteries, and the rated number of charge cycles is also similar. That puts sodium-ion batteries in direct competition with these batteries for applications such as backup inverter power or electric vehicles. The next generation of these HiNa batteries are slated to have a 200Wh/kg energy density, and subsequent generations are expected to exceed that. Considering that some electric cars using lithium batteries have an energy density below 250Wh/kg, these early mass-produced sodium-ion batteries have serious potential to reduce the cost of power storage. However, just like LiFeP04 batteries, don’t expect this technology in your smartphone or laptop any time soon. In these small devices, energy density is still the most important consideration. However, don’t be surprised if your electric car or solar power battery system gets a little saltier in the near future. |
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