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Pin to quick picksAtlantic Lithium Share News (ALL)

Share Price Information for Atlantic Lithium (ALL)

London Stock Exchange
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Share Price: 21.85
Bid: 21.90
Ask: 22.40
Change: -0.05 (-0.23%)
Spread: 0.50 (2.283%)
Open: 21.95
High: 22.30
Low: 21.75
Prev. Close: 21.90
ALL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Verici Dx rockets on Thermo Fisher contract

Wed, 15th Nov 2023 10:51

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Verici Dx PLC, up 74% at 10.0 pence, 12-month range 4.53p-19p. The Cardiff, Wales-based developer of clinical diagnostics for organ transplants signs an exclusive global licensing agreement with Thermo Fisher Scientific Inc to further develop an assay for pre-transplant prognostic testing for the risk of early kidney rejection. It expects around USD5 million in payments from Thermo Fisher over the next 12 months, with a further payment thereafter, alongside ongoing royalties on tests sold.

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Atlantic Lithium Ltd, up 20% at 24.89p, 12-month range 16.15p-48.85p. The lithium exploration and development company, with assets in Ghana and Ivory Coast says it rejected a non-binding offer takeover from its major shareholder Assore International Holdings Ltd, which offered 33p per share. Also notes it had rejected a prior offer from Assore at the same price. "The Atlantic [independent board committee] and its advisers gave careful consideration to [both offers], and determined in each instance that it undervalued Atlantic Lithium and, therefore, was not in the best interests of shareholders," the firm says. Atlantic adds its relationship with Assore remains "supportive and constructive".

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AIM - LOSERS

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Aurrigo International PLC, down 26% at 109p, 12-month range 69.36p-174.00p. The provider of autonomous and semi-autonomous vehicle technology to the aviation, ground handling and cargo industries says it intends to carry out a placing of 3.5 million shares at a price of 100p to raise GBP3.5 million. This is a discount of 32% to its Tuesday closing price. Will also conduct separate retail offer to existing shareholders. Says funds will be used to progress new partnerships - including with International Consolidated Airlines Group SA-, to service anticipated growth, continue developing its products and technology, to capitalise on future opportunities and as working capital. More specifically, this will comprise investing in customer rollout, additional staff and IT systems.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Atlantic Lithium to begin trading on Ghana Stock Exchange next week

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Atlantic Lithium loss widens but Ewoyaa to start production this year

(Alliance News) - Atlantic Lithium Ltd on Friday said that its pretax loss widened in the latter half of 2023, though the company reported significant progress on its flagship Ghanaian lithium project.

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24 Jan 2024 14:16

IN BRIEF: Atlantic Lithium hails MIIF's USD5 million subscription

Atlantic Lithium Ltd - African-focused lithium exploration and development company - Says that, in line with heads of terms agreed in September, the Minerals Income Investment Fund of Ghana has completed a subscription for 19.2 million shares at USD0.26 each, for a total of USD5 million. The subscription is part of an agreed total USD32.9 million strategic investment in Atlantic and its Ghanaian subsidiaries. Under the terms of the subscription, MIIF is entitled to nominate one person to the company's board. Additionally, MIIF is to invest a further USD27.9 million, to acquire a 6% contributing interest in the Ghana portfolio.

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29 Dec 2023 12:04

Director dealings: Atlantic Lithium chairman makes share purchase

(Sharecast News) - Atlantic Lithium revealed on Friday that executive chairman Neil Herbert had acquired 173,913 ordinary shares in the AIM-listed exploration and development company.

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15 Dec 2023 11:54

IN BRIEF: Atlantic Lithium completes AUD8 million equity placing

Atlantic Lithium Ltd: - Sydney-based lithium exploration and development company, with assets in Ghana and Ivory Coast - Successfully completes AUD8 million equity placing. Company will issue 18.2 million shares at a price of 44 Australian cents each. Atlantic Lithium will use the proceeds for the completion of activities agreed unter the grant of the mining lease for the Ewoyaa lithium project in Ghana. Executive Chair Neil Herbert says: "As we await the completion and the receipt of the funds from the minerals income investment fund's investment, as well as the completion of the off-take process that is currently underway, the proceeds put the company in a strong position to continue advancing the Ewoyaa lithium project at pace."

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IN BRIEF: Atlantic Lithium net cash used in operating activities up

Atlantic Lithium Ltd - Sydney-based lithium exploration and development company, with assets in Ghana and Ivory Coast - Net cash used in operating activities as at September 30 increased 36% to AUD2.0 million from AUD1.5 million as at June 30.

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