George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
In recent months, Atlantic Lithium has received unsolicited enquiries from multiple parties interested in acquiring all or part of the Company and/or its assets. Canaccord Genuity Limited will assist in evaluating the merit of these enquiries.
There will be lots of Eyes on us after that news today. This imho is only going to get bigger and bigger. Open at depth and along strike. We’ve only just scratched the surface. Len and his team are drilling their hearts out for Vince’s legacy.
Lithium carbonate prices in China extended their rally to 473,500 yuan/tonne in the last week of February, marking a gain of 65% so far in 2022, amid high global demand and projections of scarcity. Sales of electric vehicles powered by lithium batteries are soaring amid the transition to greener energy. According to Adamas Intelligence, a record 25,921 tonnes of lithium carbonate equivalent batteries were deployed to roads during December 2021, a 68% increase on the year and a 31% increase on the month. At the same time, sales of new energy vehicles in China rose by 157% to 3.2 million units in 2021 and are expected to surpass 5 million in 2022. Meanwhile, battery manufacturers race to secure long-term supply contracts due to mineral scarcity. Benchmark Mineral Intelligence estimates a 26,000-tonne shortfall in 2022 and a 300,000 tonne by 2030, as miners cannot keep up with demand.
30 minutes to be sure to be on the register
Just had an update and to be sure to be on the register it’s today guys and girls.
· Subject to satisfaction of the demerger conditions Eligible IRR shareholders will receive an in-specie distribution of 1 Ricca Share for every 8 IRR Shares held at the In-specie Distribution Record Date (which is currently scheduled to be 23 November 2021).
https://www.mining.com/sqm-expects-lithium-prices-to-jump-50-before-year-end/
So Vince basically said get on the register to get free shares. Then buy at a massive discount and with Ricca it will be multiples of what you buy for. Atlantic lithium will totally focus on our lithium projects. Resource upgrade coming soon and I don’t think it will disappoint. Aimho