Excellent and very positive interview with NH on Vox today. Not sure why the drop, seems we are on the cusp of a major re rate https://www.voxmarkets.co.uk/media/66348e7477cf53fce0a1c38f/?context=/listings/LON/ALL/ |
Could do with the 25k seller clearing off |
Certainly a good start |
Another week like last week please.
DC |
Interesting post on LSEGhana exchange will start buying Atlantic shares on Monday when we're closed, they have probably asked for a few days to get their shares sorted before the Miif deposit the other 28m and the offtake agreement is announced, full license to follow after that. Apparently the Ghana big wigs all got together for a meeting this week, what a coincidence |
It has. Off- take and Govt ratification very close i expect. |
Plasbryn…̷0;……R30;…MMs will play this up and down within a couple of pence either way till that happens.They have to make the market while people are waiting. |
OfftakeHttps://x.com/jalv_spodumene/status/1793517729556947040?s=46&t=ZqhPmi5ZRievRUdQcC2OxQ |
When will we get the Govt. ratification? June? |
I will be lmao tomorrow if this bounces higher. Shaping up for it! |
They won’t let it rise,maybe Friday for a good bankholiday |
hxxps://x.com/digdeep_mining |
It will stay around this share price for a while yet,let the churn carry on. |
George is back doom time |
Slowly but surely heading back in the right direction. Ratification next hopefully soon it was initially meant to be February. Then fingers crossed that we get a wedge of cash to build the mine. Roll on 30p. |
Not much interest in this,though they have persuaded a few mugs to buy. |
Lol probably not. |
Probably finish blue,just churning shares |
https://youtu.be/veLHWHHc3QM?si=vwAGWPrOxIdah0hd |
 BLOOMBERG: Lithium Miner Debuts as Ghana's First Listing in Two Years -
Australian-based Atlantic Lithium Ltd which is developing Ghana's first lithium mine, has taken a step toward raising capital from equity investors in the country.
The company has listed all its shares in issue on the Australian Securities Exchange and London Stock Exchange's AIM board. on the Ghana Stock Exchange, said Abena Amoah, the Accra-based bourse's managing director.
The shares opened at 4.40 cedis ($0.31) apiece at Monday's launch in Accra.
The miner, which has yet to start production, listed the shares to meet licensing requirements in the West African nation. and isn’t raising new capital in Ghana for now. Its Ewoyaa mine is expected to become the continent’s third-largest hard-rock lithium project, according to the company.
"We look forward to working with you on a follow-on offering where the company raises capital by selling shares to Ghanaian investors as you build out your mine," Amoah said, addressing the company's representatives.
The next steps for Atlantic Lithium include the ratification of its 15-year mining lease by Ghana’s parliament and a final investment decision, with the aim of breaking ground before the end of the year, said Chief Executive Officer Keith Muller.
Read More: African Lithium Project Boosts US Drive to Close EV Gap on China
Ghana, which is already Africa’s biggest gold producer, aims to increase local ownership of its mineral wealth, Land and Natural Resources Minister Samuel Jinapor said at the event.
Last year, the country approved a green-minerals policy requiring miners of these resources, considered key to the world’s energy transition, to allow for a minimum 30% local stake in projects.
Resource nationalism is strengthening across the world as developing countries seek a greater share of the profits from their commodities, while addressing historic inequities in the wealth flows from mining. In Chile — the No. 2 lithium producer — President Gabriel Boric has been negotiating the role of the state in a sector seen as key to its economic growth.
Ghana’s sovereign minerals fund plans to pour $32.9 million into the Ewoyaa project, which could produce 65,000 metric tons lithium carbonate equivalent at its peak, enough to power about 1.4 million Tesla Model 3s.
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Atlantic is the Ghanaian bourse’s first listing since Asante Gold Corp., which also received backing from the fund, said Minerals Income Investment Fund Chief Executive Officer Edward Koranteng.
Half of Ewoyaa's output is earmarked for a refinery that Piedmont Lithium Ltd., which supplies Tesla Inc. and LG Chem Ltd plans to build in Tennessee.
Piedmont, which has agreed to provide most of the funds to build the mine, is Atlantic Lithium’s second-largest shareholder, followed by Ghana’s sovereign minerals fund MIIF.
"I’m still in dream land hearing all these proposals in mining," Alexandra Amoako-Mensah, the geologist whose 1971 thesis laid the groundwork for lithium exploration in Ghana, said. “I’m surprised that my modest development of research work has generated all this." |
Behind paywall, if anyone has access: |
"During what is set to be a milestone year for Atlantic Lithium, we are grateful for the considerable support we have received from the Minerals Income Investment Fund, the Minerals Commission, Ghana's Securities and Exchange Commission and the GSE to enable the company's admission.
"We look forward to commencing our journey on the GSE alongside the prospective Ghanaian investors that we hope to welcome through our admission -
This represents an important new chapter for Atlantic Lithium in Ghana as we look to achieve long-term lithium production to support the country's critical mineral objectives."
..Taken from Morningstar |
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