Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
6 months after y/e !!
Need a better explanation.
My view is something is rotten somewhere
All I ask is the company produces its Financial Statements within 90 days of each reporting period end.
We can then see if they are doing what they say.
I’m not interested in hearing a presentation without serious figures.
I think we can put a cross on the Indian operations being merged in at least at a reasonable valuation.
The Mozambican acquisition ended up very expensive in dilution.
Minerals Income Investment Fund of Ghana Invests US$32.9m
Ghana’s Minerals Income Investment Fund agrees to invest US$32.9 million in Atlantic Lithium and its Cape Coast Lithium Portfolio subsidiaries in Ghana to support the development of the Ewoyaa Lithium Project
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce that it has agreed non-binding Heads of Terms with the Minerals Income Investment Fund of Ghana ("MIIF") to invest a total of US$32.9 million (A$51.4m / £26.3m) in the Company and its Ghanaian subsidiaries (“Strategic Investment”). MIIF’s proposed investment will support the development of the Company’s flagship Ewoyaa Lithium Project (“Ewoyaa” or the “Project”) and the broader Cape Coast Lithium Portfolio in Ghana (“Ghana Portfolio”) towards production.
Highlights
Minerals Income Investment Fund of Ghana to invest a total of US$32.9m (A$51.4m / £26.3m) in the Company and its Ghanaian subsidiaries to support the development of the Ewoyaa Lithium Project and broader Cape Coast Lithium Portfolio in Ghana.
MIIF to invest US$27.9m (A$43.6m / £22.3m) in the Company’s Ghanaian subsidiaries to acquire a 6% contributing interest in the Company’s Ghana Portfolio, inclusive of the Ewoyaa Lithium Project. The contributing interest will take the form of funding of development, exploration and studies expenditure.
MIIF to subscribe for 19,245,574 Atlantic Lithium shares (“Subscription”) at a price of US$0.2598 (A$0.41 / £0.21) per share, for a value of US$5m (A$7.8m / £4m), to be held in escrow, equating to 3.05% of the total issued share capital of the Company.
Under the non-binding terms of the Strategic Investment, MIIF will be i) entitled to nominate one person to each of the boards of the Company’s Ghanaian subsidiaries ii) invited to participate in the near-term competitive process for Ewoyaa’s available off-take and iii) granted one warrant for every two Atlantic Lithium shares subscribed for under the Subscription at a 40% premium to the Subscription price.
MIIF’s Strategic Investment further aligns the Company and its spodumene concentrate production ambitions at Ewoyaa and its Ghana portfolio with its Ghanaian shareholders.
The Strategic Investment highlights the desirability of the Ewoyaa Lithium Project, derisks the success of the Project and sees MIIF contribute towards the development expenditure for the Project.
The Strategic Investment is a major endorsement by an African sovereign wealth fund and spotlights Ghana as a highly attractive mining jurisdiction and a pioneer in the decarbonisation thematic.
Click here to view full announcement
Further highlighted details:
Investor Presentation - September 2023: Click Here (7th September 2023)
Resource and Exploration Drilling Re
Goliath had better get a move on -
https://techcrunch.com/2023/08/16/tesla-supplier-catl-unveils-battery-that-can-add-up-to-400km-of-range-in-10-minutes/
Thanks Tyche100.
That may explain the appalling service in France.
Anyway I’ve cancelled my direct debit as they were unable supply any service.
Seems they want to sue me for €59 ! despite failing to deliver the service.
Have they stopped the quarterly dividend ?
Have they
I set up with Twoway communications that became Bigblu in France.
The Tv service I’ve been paying Bigblu for last 10 years was sold without telling me and now disconnected.
Bigblu have been taking the cash but can’t tell me who the service provider is although they’ve been paid for the service.
The internet doesn’t work since their satellite was damaged over Ukraine and the two decoders sent since don’t work.
Be careful this is a dishonest company.
I’m not so sure that Oxford Nanopore is a good investment. Their sales growth was heavily Covid related. The loss and cash outflow are very high with the outlook having no Covid help.
Good sign as management would have been contacted by FT before publication. No caveats in the article.