Member Info for EarEyeAm

Still got 50% upside just to get back to the 'waiting on Ratification' 12p we were at not long ago.

"It is anticipated that HUI will act as an originating partner and co-developer alongside regional developers, engineering contractors, and strategic partners. HUI expects that projects will be financed by external institutional capital and regional funders, enabling HUI to scale without deploying significant capital from its own balance sheet."

Multibillion-Dollar!!!

"HUI has moved from a tech concept to a tangible operating technology capable of supporting projects subject to, among others, funding being obtained, of a scale that represent multibillion-dollar infrastructure investment"

This would be nice, especially as Ewoyaa is profitable well below $1100/t.

"While most high quality hard rock projects will generate a return at $1100/t, we believe the equity market will ascribe a higher price into the valuations for the miners. On this basis, a higher price will be needed to pick share price inflection points."

Https://cdn-ceo-ca.s3.amazonaws.com/1kg4kkt-2510%20JPM%20Lithium%20Upgrade%20on%20Higher%20ESS%20Demand.pdf

Oppps, typo, should say "and if Spod prices go up in the meantime, even better."

For sure, we need to start building the mine infrastructure ASAP as it's going to take a year to do that, we can't wait around just in case the Spod price goes up, it's profitable at this price and lower prices so let's get on with building it and start making some money for us and Ghana, and if Spod prices go up in the meat, even better.

MikeClarke,

I concur!

Zero chance that $1300 will be above 10%.

What was said on the Committee meeting was minimum 5%, maximum 10% or 11%, "whatever the minister decides". Clearly anyone talking about 18% has been eating too much cheese or smoking something they shouldn't, as no way would the mining companies agree to 18%, that's a delusional figure plucked from the air by someone that doesn't have a clue about the mining industry.

The sliding scale goes up logarithmic not exponentially, so if you start with 5% at $800/MT and 10% starts at $2000/MT, then the ridiculous 18% would not be seen on this logarithmic scale until $3820/MT.

No way on Earth would you have a sliding scale that started at 5% at $650/MT and peaked at 18% at just $1300/MT, that would be a ludicrously small range, not in any way associated with Lithium price forecasts, and therefore utter nonsense.

For the FID to be changed to $1,300/MT, ALL would need to change the numbers in their DFS, they've not done that yet, so unless and until they do, the numbers given by ALL still stand as the price in the DFS that FID will be based on. Assuming something will change doesn't mean it will, ALL could stick to their own numbers and say that's what they believe, based on any study that backs those numbers or their own data model.

Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:

"Having been granted the Mine Operating Permit through the period, alongside other critical permits, Atlantic Lithium has now secured all of the approvals required for the construction of the Ewoyaa Lithium Project.

"We await the ratification of the Ewoyaa Mining Lease, which represents the final step in the permitting process and which will enable us to advance towards a Project Final Investment Decision. Following the recent election of the new government in Ghana, we are confident that ratification will be forthcoming in line with due parliamentary process.

"In the meantime, we are busy engaging various funding providers to secure the necessary financing. While the price of spodumene concentrate remains subdued, lithium demand continues to grow significantly and prices are expected to rise over the estimated period of plant construction.

"We look forward to providing further developments in due course."

This is what FID will be based on, not today's price or next year's price, but the long term forecast average price, because it's a 12 year project not a one year project.

"Feasibility Study Forecasts: Atlantic Lithium's Definitive Feasibility Study (DFS) published in June 2023 used a long-term price of US$1,587/t (FOB Ghana Port). An updated study in late 2023 used US$1,410/t as a long-term concentrate price."

Doing exactly what they said they would do, and doing it quickly too. The Government want this agreement Ratified just as much as we do.

"The reason for the withdrawal of this agreement is to enable the Ministry of Lands and Natural Resources to undertake further consultations with relevant stakeholders prior to representing it to this important House," Alhaji Sulemana said.

https://allafrica.com/stories/202512120402.html

Maybe all these idiots complaining about the 5% AND sliding scale should be given a shovel each to go dig up the Lithium and see if they can make it pay. Bunch of imbeciles!

The project, as stated on the Committee videos, is based on a long term average price, it's not based on the price today or the price next year, it's the average expected price over ten years, which captures the peak created by huge EV uptake heading into 2030 and beyond 2035. That is what the FID will be based on, and getting funding won't be an issue at all, neither will getting offtake agreements signed and money up front to help fund it.

Seems to be catching up with Oslo, finally!!

Imani is clueless. ALL responded to similar baseless claims weeks ago. Fact is, people like Imani don't have the figures that ALL have for producing at different volumes and different prices, so they pick one number and base all their incorrect assumptions on that.

The Cabinet will have been shown the truth figures and they approved the agreement to go into Parliament. The Cabinet would never have approved the agreement if there was any truth in what Imani is spouting.

Some will take a profit when they see a profit, they probably don't read or understand the news, it's not something I'd take any notice of, just keep your eyes on the prize 🏆

The Board of Atlantic Lithium accept what it is, but they also fully understand that Ghana have every right to fix their own Royalty laws before Ratifying the Ewoyaa Agreement, not only that, Ghana MUST fix their Royalty laws otherwise the Ewoyaa Agreement would be illegal because of the current 5% maximum enshrined in their law.

People can moan, Shareholders seem to think it's their daily job for life to moan, some will fake moan or massively exaggerate moans in order to try and make their trades pay off. All this moaning does is chip away at the value of the company year after year.

I prefer to look at the facts and decide whether I believe I will make a big ROI by continuing to hold the stock. In the case of ALL I believe I will, so I'll keep holding the stock, I may even top up at the bargain price.

What I posted isn't optimism, I merely stated the facts as I see them. I do have a lot of optimism based on the facts, but that's not what I posted.

They are being 100 % professional, as you'd hope any Directors of a listed company would be. As they say "The Company remains confident that ratification of the Mining Lease will be forthcoming in accordance with due parliamentary process" and government have stated "The withdrawal of the lithium agreement, HE STRESSED, is therefore A TEMPORARY STEP" both align and indicate that it will be back in Parliament soon enough. The waiting game continues but that's all it is, no worries here as both sides want Ratification.

Update re the Ewoyaa Mining Lease

Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, “Atlantic Lithium” or the “Company”), the Africa-focused

lithium exploration and development company targeting the delivery of Ghana's first lithium mine, provides the

following update regarding the status of the Mining Lease in respect of its flagship Ewoyaa Lithium Project (“Ewoyaa”

or the “Project”) in Ghana.

The Company notes that the Parliament of Ghana has temporarily withdrawn the Mining Lease from consideration to

allow for further consultation in respect of Ghana’s current mining code and the application of royalties.

As the country’s most advanced lithium project, we remain in discussion with the Government regarding the best way

forward to deliver upon Ghana’s critical minerals objectives.

The Company remains dedicated to securing terms for the Mining Lease that generate value for shareholders and its

host communities and supports the Government’s commitment to securing a path towards delivering long-term

benefits for Ghana through its mineral production.

The Company remains confident that ratification of the Mining Lease will be forthcoming in accordance with due

parliamentary process and is supporting the process where possible.

Further updates will be provided to shareholders as and when appropriate.