Member Info for Sjb777

Https://m.youtube.com/watch?v=AK-N4dI9eDg&ra=m

In my opinion provides clarity on strategic direction

Talks about Aftan

I think the point is Elevra already have a very good deal. Paying the same as MIIF but have the 50% off take as well. So I hope Atlantic lithium do not give more away to appease Elevra.

If we use MIIF as the reference for Financing. They are paying $27.9m for a 6% stake. Elevra can increase their stake from 22.5 to 40.5% an increase of 18%. So if they got the same deal as MIIf would cost $27.9 x 3 =$83.70M. Plus there existing share cost 22.5% x $180m = $40.5m . So total $83.7 + $40.5 =$124.20 on top of that get the 50% off take for free. If Elevra do not want the extra 18%, sale to a third party.

Https://www.atlanticlithium.com.au/projects-ghana

According to this information from Atlantic lithium regarding Elevra

Offtake rights only enabled on completion of funding to achieve initial concentrate production (US$70m plus 50% additional expenditure)

So if that is the case why not sale off take for 100% to fund the project ?

My view is with insiders recent buying shares at a premium and agreeing to warrants at 2.5 pence in the next 12 months that he is anticipating a lot of good news. That said it feels like it has taken along time with the pot of gold always just out of reach. As private investors are generally impatient it is enviable that a sell off would happen with no news. I would think there will be an update before the AGM to calm investor nerves.

Https://www.myjoyonline.com/parliament-to-revise-all-mineral-royalties-lithium-deal-withdrawn-in-the-interim-ayariga/

So yes a delay until the new royalty legislation is approved by parliament.

Https://www.myjoyonline.com/ewoyaa-lithium-project-approve-the-lease-now-talk-about-royalty-later-mankessim-chief-tells-parliament/

Chiefs trying to get a resolution

Https://www.myjoyonline.com/nkusukum-omanhene-decries-painful-delay-in-ratifying-ewoyaa-lithium-mining-lease/

Another article putting pressure on parliament to ratify

Https://www.myjoyonline.com/ewoyaa-lithium-project-to-be-ratified-by-parliament-before-end-of-the-year-mfantseman-mce/

More positive press

The recent trade at just over 300k shares was a buy at 1.32p. The announcement stated there was no know impediment to the award of 2a, which gave me encouragement to invest more. Agree with the general comments on here, I think it is a matter of time before the reward. As always things take longer than us investors would like.

Https://www.businesswire.com/news/home/20251001005854/en/RWSs-Language-Technology-Sets-New-Industry-Benchmark-a-Trillion-Words-Translated-in-the-Past-Year

Https://radiogoldlive.com/overview-of-parliaments-first-session-as-the-house-is-expected-to-reconvene-on-may-12-2025/

Let’s hope it’s true

In my opinion the needs to take place to resolve the current dire situation:-

1. Sell all the remaining assets of technology minerals ex Recyclus.

2. Lend no futures funds to recyclus

3. Make the loans that are repayment by recyclus equal the cost of technology minerals funding cost at least 15%.

4. Get rid of most of the staff from technology minerals and turn it in a shell company.

5. If needs be sell a percentage of recyclus held to a third party to pay back CLN,s

The premises of buying assets and taking them up the value curve has proved fruitless, look a the Leinster proceeds. Simple reduce costs, reduce loans, stop issuing stacks of new shares to fund either recyclus or a broken business model

Https://www.handbook.fca.org.uk/handbook/PRR/1/2.html

Exempt securities – admission to trading on a regulated market

PRR 1.2.4UK01/01/2021

Article 1(5) of the Prospectus Regulation provides that admission to trading of the following types of transferable securities is exempt from the obligation to publish a prospectus:

Article 1

Subject matter, scope and exemptions

…

5. The obligation to publish a prospectus set out in Article 3(3) shall not apply to the admission to trading on a regulated market of any of the following:

(a) securities fungible with securities already admitted to trading on the same regulated market, provided that they represent, over a period of 12 months, less than 20% of the number of securities already admitted to trading on the same regulated market;

So based on the FCA rules, Atlas are at least constrained in their ability to convert.

In my opinion and if I was in charge. I would sell all the assets that TM1 hold for the best possible price and repay the CLN holders. Retain the Recyclus holding and inter company loans. This would reduce the admin costs significantly, remove a significant amount of liabilities. Then either the following can happen:-

1. Reverse take over of TM1 by Recyclus when value of TM1 permits.

2. Sell the Recyclus holding, when they have money back to Recyclus.

3. When/if Recyclus is profitable to distribute money via dividends to shareholders rather than waste money on parcels of land to take them up the value curve and pay admin costs.

Any thoughts ?

Https://wcsecure.weblink.com.au/pdf/EUR/02884938.pdf.

Confirmed Leinster completed on a ASX announcement but why no RNS from Tech minerals ?

Https://wcsecure.weblink.com.au/pdf/EUR/02874511.pdf

European lithium are still doing their due diligence, page 1 and 9.

Articdriver,

Like all deals there is never a guarantee it will go through. However Tech minerals in the last interview said the deal would go through and I have provided the link to European lithium accounts that states the deal has been agreed.

Don,t get me wrong I think like many, the company have orchestrated an absolute perfect storm to destroy shareholder value in tech minerals to perpetuate their own interest in Recyclus. They

have not delivered on many things they have promised and therefore was looking to find independent evidence to support the deal they announced to sell Leinster.

I am confused by your post.

They get Leinster in exchange for the CRML shares, they don,t cash them in but transfer them. Unfortunately technological minerals cannot convert them into cash until Feb 2025.

Articdriver,

The $10m is from the transfer of 1371742 shares they hold in CRML . Their last price is $6.96.

So this now equates to just over $9.5m. Which equates to £7.4m at todays exchange rate.