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Atlantic Lithium Limited (ASX:A11)

ALERT: Price-sensitive ASX Announcement for A11
Current share price for A11 : $0.295 0.05 (20.41%)+
Announcement
Release
17 Mar 2026 10:01AM
Price at Release
$0.245
Full Release
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Summary
Atlantic Lithium Limited has announced a strategic investment with Ghanaian investors, facilitated by IC Asset Managers, to invest up to approximately US$11 million through a subscription for ordinary shares and milestone-linked warrants to support the company's projects in Ghana. The investment is designed to align with key project milestones, including parliamentary ratification of mining leases and project commencement stages. Under this strategic investment, 25,380,709 shares will be subscribed at a price of US$0.197 per share, and a series of warrants will be issued with different classes contingent on project milestones. Additionally, the company has secured a third placement to raise an additional US$5.4 million, with its shares being admitted to trading on the Ghana Stock Exchange, which boosts investor participation in Ghana's lithium production initiatives.
Key Points
  • Atlantic Lithium Limited has secured a strategic investment with Ghanaian investors.
  • The investment includes a subscription for ordinary shares and the issuance of milestone-linked warrants.
  • The Ghanaian investors have agreed to invest around US$11.0 million.
  • The investment aligns with key project milestones: lease ratification, final investment decision, and construction commencement.
  • Ghanaian Investors will subscribe to 25,380,709 shares at a price of US$0.197 per share.
  • Warrants issued include Class A for lease ratification, Class B for project investment decision, and Class C for construction commencement.
  • A total of 20,270,266 warrants will be issued at an exercise price of US$0.296 per warrant.
  • Atlantic Lithium's shares have been admitted to trading on the Ghana Stock Exchange.
  • The company is also undertaking a third placement to raise an additional US$5.4 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.