Member Info for EarEyeAm

It seems quite obvious now that Elevra WANTED to sell their 22.5% of Ewoyaa to get cash for NAL to reduce the amount of dilution from today's fundraise.

It would not surprise me to hear that it was actually Elevra that approached Zhejiang Huayou Cobalt to sell their 22.5% first, then told Atlantic Lithium they were looking to dispose of their cut.

Atlantic Lithium had to authorise that sale and therefore had to do their own Due Diligence on Zhejiang Huayou Cobalt. This would then be the point where Atlantic Lithium decided that without the agreed Elevra $70m it would make more sense to put the whole project up for sale, making it's own deal with Zhejiang Huayou Cobalt before signing off Elevra's deal. All fully communicated with Elevra of course, nothing underhand.

This made 100% Ewoyaa, Cote d'Ivoire and other licenses "in play" and Atlantic Lithium Directors hoping for further bids because they know how attractive Ewoyaa is to potential bidders.

"Proceeds from the Strategic Financing Package, together with existing net cash and cash equivalents of approximately US$59 million2 as at 31 March 2026 and net proceeds received from the sale of the Ewoyaa Project3, will be applied to advance Elevra’s key growth initiatives. Capital will be directed towards the staged expansion of the NAL operation, including mill optimisation and targeted upgrades under Stage 1, expanded grinding, separation and flotation capacity under Stage 2, and significant crushing circuit and recovery enhancements under Stage 3"

"In addition, funding will support key Moblan technical and pre-development activities, including environmental baseline studies, permitting and technical workstreams through to FID. Remaining proceeds will be allocated to interest costs, transaction expenses and the maintenance of additional liquidity to support construction, working capital and future growth opportunities."

Huge news run for Elevra tonight, trading halt, big funding

https://www.asx.com.au/markets/trade-our-cash-market/announcements.elv

Manx71 talking utter nonsense trying like RamonM to make out they are the all knowing all seeing guru's of Atlantic Lithium knowledge any anyone else is stupid, absolutely pathetic. Filter them I say, and that's exactly what I've done, as I'm bored with the massive ego's.

Everything I post is intended to help other investors, none of what I post here is meaningless dross, it's all useful if people have a mind to use it, but some want to pull the wool over what I post purely because they want to be the only voices on this board, allowing them to control the narrative they want to spread to suit their trading position at the time.

Wise up people, pull that wool off your eyes.

Manx71 talking utter nonsense trying like RamonM to make out they are the all knowing all seeing guru's of Atlantic Lithium knowledge any anyone else is stupid, absolutely pathetic. Filter them I say, and that's exactly what I've done, as I'm bored with the massive ego's.

Everything I post is intended to help other investors, none of what I post here is meaningless dross, it's all useful if people have a mind to use it, but some want to pull the wool over what I post purely because they want to be the only voices on this board, allowing them to control the narrative they want to spread to suit their trading position at the time.

Wise up people, pull that wool off your eyes.

Makeabundle,

Ah right, thanks, just re-read it. I thought it was Euro's because it's Ireland, but as you say, Dollar's, because it's Oil.

I should have said a bit more so here goes.

A superior bid doesn't reduce those odds it just erases the current bid and replaces that bid with itself.

Of course you do dear, of course you do 😂😂😂

Makeabundle,

Where are you getting "That would be a 100% payout of $84m" from? It's in Euro's is it not?, I just did £ as an example because the stock is listed in the UK, the actual amount was just an example to get the calculation out there and people can put in their own guess at the payout.

My example was just back of a cigarette packet thinking, €135m award, based on 'at least €100m' plus interest, giving us £100m total, then 60% to existing shareholders minus deductions leaving £50m. It could be less, it could be more, it's just a starting point for the calculation though.

3rd day in a row of flat line, adding to the notion that Zhejiang or Hedge Funds are hoovering up any stock sold into the market that's not picked up by other investors.

Note the lower section of the chart, this is the Money Flow, and as you can see, money is flowing out of the stock, but the price isn't falling, which again suggests that all the sold stock already has a home to go to. ADVFN only shows 16.81% as buys, the rest went somewhere otherwise the price would have dropped.

Bring on the Rule 8.3 /8.5 / TR-1 holdings RNS.

https://ibb.co/Yv3sXcJ

Oh, and by the way, if this bid is 99.999999% likely to succeed, that's it's odds. A superior bid doesn't reduce those odds it just erases the current bid.

The number of shares in issue pre consolidation will be 1,773,618,335. This is based on "Assuming the Share Consolidation proceeds, the number of New Ordinary Shares in issue immediately following the Share Consolidation would be 354,723,667."

So if you hold 1m shares today and existing shareholders get a share of £50m, you'd get £50m / 1,773,618,335 x 1m = £28,190.96

Confirmation calculation!

After consolidation, 1m / 5 = 200,000

£50m / 354,723,667 x 200,000 = £28,190.96

National news. LOGP and PRD as I said. As the claims progress and each company makes progress announcements, these will appear in he national press and at some point the international press.

https://www.businesspost.ie/esg-energy/ireland-faces-second-legal-challenge-under-energy-charter-treaty-as-predator-oil-gas-slams-delays/

For the clueless.

National news:

https://www.independent.ie/business/irish/lansdowne-secures-funding-to-pursue-100m-claim-against-government/a419047623.html

https://www.businesspost.ie/news/lansdowne-oil-and-gas-still-seeking-funding-for-e100m-legal-case-against-state-over-barryroe-field/

Ah right! 😂😂

I checked with Google and the LOGP claim is unprecedented for Ireland! It's something they've always avoided because it's bad for business.

'As of May 2026, Ireland has faced its first-ever claim at the International Centre for Settlement of Investment Disputes (ICSID).The case was brought by the UK-based exploration company Lansdowne Oil & Gas, following a dispute over the refusal of consent for a lease undertaking regarding the Barryroe offshore oil and gas field."

Aquinaga

It's you that's naive, naive and filtered for talking nonsense.

If it was only 85% they wouldn't be doing it.

Ask the Directors of both companies and they'll agree with ME .... NOT YOU.

The Irish Government are under huge and increasing pressure to do something about the claims from LOGP and PRD.

Kicking the can down the road isn't the best way to appease the public and those in positions of power like the council members and opposition parties.

I think it's probably unprecedented for Ireland to be taken to ICSID, not only that but they are being taken to ICSID twice in the same term from different companies over very similar complaints.

This is national news, soon to become global news, it's not helpful at all when trying to lure international companies to invest in Ireland, it may also put companies that have already invested in Ireland from expanding there or investing any more money there.

Government needs to get both claims sorted out quickly, one way or another.

If they want to stick to green energy or allow Goodman to progress Barryroe, they need to make a quick settlement to bury the ICSID claims before they caused real damage to international investment in Ireland. Same scenario applies to PRD.

Makeabundle,

Was there a public meeting or something??

The only reason I see the Huayou potentially not going through is because a bidding war prices then out.

They are already mining Lithium in Zimbabwe, so I don't see the Ghana Government opposing the deal. The reason Huayou have jumped for Ewoyaa is because of the Zimbabwe restrictions on Lithium exports.

"As of April 2026, Zhejiang Huayou Cobalt has solidified its position in Zimbabwe by exporting Africa’s first locally processed lithium sulphate, upgrading from shipping raw concentrates to higher-value processed materials. Operating through its Arcadia Lithium Mine project near Harare, the firm invested roughly \(\$300\) million in a plant designed to process 4.5 million tonnes of ore annually."

"Zimbabwe implemented an immediate, surprise ban on the export of raw lithium and lithium concentrates on February 25, 2026, accelerating a planned 2027 restriction to halt mineral "leakages" and force local value addition. As Africa's top producer, this move forces firms to build processing plants locally, creating severe disruptions for Chinese battery supply chains."

If a big Battery Manufacturer like CATL or BYD wanted to buy us out, that would please the Government even more, because they would get the Battery Factory they dream of as a side deal.