Atlantic Lithium Ltd - ALLIF stock
About Atlantic Lithium[edit]
Atlantic Lithium Limited (OTC: ALLIF, LON: ALL) is engaged in lithium exploration, development and mining in West Africa and is traded on the OTC Exchange, the London Stock Exchange and the Australian Stock Exchange. The company holds the rights to over 1,300 square kilometers of land in Ghana and Cote d'Ivoire and hopes to open the first mine in this region.[1]
The Company acquired its name because it has projects in West Africa, shares listed on the AIM market of the London Stock Exchange, and shares traded on the over-the-counter market in the United States. These three markets reflect the three ends of the Atlantic ocean that the Company covers. Atlantic Lithium hopes to make significant natural resource discoveries and create value by bringing assets closer to the point where they can be commercialized while adhering to international standards and the most effective practices currently available.
Projects[edit]
Ewoyaa Lithium Project[edit]
Along with partner Piedmont Lithium, Atlantic hopes to develop the first lithium-producing mine in West Africa.[2] The goal of this project is to provide a high-quality end-product ideal for processing into battery materials.
Based on a pre-feasibility study on the Ewoyaa Lithium Project in Ghana it is estimated that the project could generate nearly $5 billion in revenue and $1.33 billion in free cash flow. Maiden ore reserves are estimated to be 18.9 million tons at 1.24% Li2O. Additionally, it is expected that the mine will have a 12.5 year life and require $125 million in capital expenditures.[3] An application was submitted in mid-2024 to the Ghanaian parliament for a mining lease.[4]
A fatality occurred at the project site in July, 2024, and the project shutdown while an investigation was conducted.[5]
Atlantic Lithium has received an environmental permit from Ghana’s Environmental Protection Agency for the Ewoyaa lithium project. The company was granted a 15-year mining lease in October 2023, with renewal options under Ghanaian law.[6] Final regulatory approval has been received from Ghana's Minerals Commission with the issuance of a Mine Operating Permit.[7]
An updated mineral resource estimate in February, 2025, reported 36.8 million tonnes at 41.9% feldspar, with measured, indicated, and inferred resources categorized separately. The company plans to supply the feldspar to the local ceramics market as a by-product of spodumene concentrate production.[8]
Potential for Profitability[edit]
According to the two experts from British Metals and Mining, Atlantic Lithium is on the verge of turning a profit. They forecast the last deficit for the firm in 2024, but then a gain of AU$58m in 2025. The business should achieve profitability in around three years. By 2025, at what annual growth rate will the company need to be profitable? If you do the math backward from the analysts' predictions, you'll find that they think the firm will expand by an average of 113% per year. If the Company grows more slowly than planned, it will take longer to turn a profit.[9]
Funding[edit]
Atlantic Lithium Limited completed an institutional placement, raising A$10 million through the issuance of 43,478,261 new shares at A$0.23 per share. The company’s largest shareholder, Assore International Holdings, subscribed for A$7.5 million, pending shareholder approval at the upcoming AGM. Proceeds will fund the Ewoyaa Lithium Project in Ghana, including feasibility study refinements and permitting activities. The placement will be executed in two tranches, with trading on AIM and ASX expected on October 30, 2024, for Tranche 1 and December 6, 2024, for Tranche 2, subject to approval.[10]
Strategy[edit]
High-value prospective mineral deposits are the Company's forte, and it employs cutting-edge, eco-friendly exploration, growth, and risk mitigation methods to bring its assets to commercialization. Shareholders may expect considerable exploration and value upside from the Company's 1,334km2 portfolio of exploration and development assets in Ghana and Côte d'Ivoire. The Royal Lithium Project is the crown jewel of Atlantic Lithium and will become the first lithium mine in Ghana, according to a funding deal with Piedmont Lithium. By the terms of the agreement, Atlantic Lithium is progressing with the Project via the required investigations.[11]
Atlantic Lithium is well-positioned to execute its goal and provide value to shareholders, and long-term benefits to all stakeholders, thanks to the Board and Management of the Company's extensive knowledge and experience in operating projects in Africa and across the globe. As global demand for lithium in electric car batteries and energy storage rises with international efforts to reduce emissions, the Company is well-positioned to capitalize on solid long-term market fundamentals for spodumene concentrate.[11]
- ↑ OTC Markets. ALLIF Stock Profile. Retrieved on 2/12/2023.
- ↑ Atlantic Lithium. About. Retrieved on 2/12/2023. Archive link.
- ↑ Global Mining Review. Atlantic Lithium Ltd complete pre-feasibility study for Ewoyya Lithium project. September 23, 2022.
- ↑ Financial Times. Ewoyaa Lithium Project Update. July 12, 2024.
- ↑ Mining.com. Atlantic Lithium halts work at Ewoyaa project in Ghana after fatality. July 10, 2024.
- ↑ Nasdaq. Ewoyaa Lithium Project Granted Key Environmental Permit. September 12, 2024.
- ↑ Investing News Network. Grant of Mine Operating Permit. October 8, 2024.
- ↑ Proactive Investors. Updated Ewoyaa Feldspa Resource Estimate. February 2, 2025.
- ↑ Yahoo. Atlantic Lithium Limited (LON:ALL): When Will It Breakeven?. October 30, 2022
- ↑ London Stock Exchange. Successful Completion of A$10m Equity Placement. October 25, 2024.
- ↑ 11.0 11.1 Atlanticlithium.com. Strategy. Retrieved on 11/13/2022
OTC Symbol: ALLIF | OTC Tier: OTCQX
