Last checked at 13 Jun 2023 07:00
13 June 2023
Corporate Update
Resignation of Director
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, announces that, after 10 years, Stuart Crow will step down from the Board with immediate effect to focus on his other business interests.
As Senior Non-Executive Director Mr Crow has played a leading role in guiding the Company through its transformation to become a near-term, significant lithium producer.
As the Company's leadership team continues to take shape with the focus on first production from its Ewoyaa Lithium Project, Mr Crow has decided to step back from his role to focus on his other business ventures, where his increasing involvement will be greatly valued.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
"Stu has served as a highly valued member of the Atlantic Lithium Board for over a decade. In this time, he has played a significant role in the Company's ability to weather commodity and market cycles and his insights have been vital in advancing the Company from junior multi-commodity explorer to near-term lithium producer.
"On behalf of the Board, I would like to thank Stu for the considerable contributions he has made towards the growth of the Company. We wish him every success in all his business endeavours."
For any further information, please contact:
Atlantic Lithium Limited Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au IR@atlanticlithium.com.au | Tel: +61 2 8072 0640
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SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat |
Tel: +44 (0)20 3470 0470 |
Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees |
Tel: +44 (0) 20 7523 4500
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Liberum Capital Limited Joint Company Broker Scott Mathieson Kane Collings |
Tel: +44 (0) 20 3100 2000
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Yellow Jersey PR Limited Charles Goodwin Bessie Elliot atlantic@yellowjerseypr.com
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Tel: +44 (0)20 3004 9512 |
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium is an AIM and ASX-listed lithium company advancing a portfolio of lithium projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium-producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. towards the development of the Ewoyaa Project. Atlantic Lithium is currently advancing the Ewoyaa Project through feasibility studies and intends to be producing a spodumene concentrate via simple gravity only process flowsheet.
Atlantic Lithium holds 560km2 & 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.