RCS - Atlantic Lithium Ltd - Ricca Resources - Pre-IPO Placement

Atlantic LithiumAnnouncement

13/02/2023 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230213:nRSM7099Pa&default-theme=true

RNS Number : 7099P  Atlantic Lithium Limited  13 February 2023

13 February 2023

 

Corporate Update

Ricca Resources Pre-IPO Placement

 

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 Ricca Resources Limited ("Ricca") is undertaking a private placement
ahead of its intended listing on the Australian Stock Exchange ("ASX").

 

Ricca was formed as a public unlisted entity to hold and advance the Company's
suite of demerged gold projects (refer to the Company's announcement on 24
December 2021 regarding the completion of the demerger). Ricca holds extensive
gold portfolios in prospective birimian terrains in Côte d'Ivoire, a
potential new gold province discovery in Chad, a drill-ready gold target in
Liberia and a strategic partnership to advance a lithium-tantalum project also
in Côte d'Ivoire. The company remains on track to list on the ASX in H1 2023.

 

Due to Ricca's attendance at the 121 Mining Investment conference, the closing
date of the Ricca pre-IPO private placement has been extended to Friday, 24
February 2023.

 

Details of the placement and the intended ASX listing can be found in the
latest Ricca Resources presentation at the following link:
https://www.riccaresources.com.au/presentations
(https://www.riccaresources.com.au/presentations) .

 

For any further information, please contact:

 

 Atlantic Lithium Limited                                           Tel:  +61 2 8072 0640

 Neil Herbert (Executive Chairman)

 Amanda Harsas (Finance Director and Company Secretary)

 www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)

 IR@atlanticlithium.com.au (mailto:IR@atlanticlithium.com.au)

 SP Angel Corporate Finance LLP                                     Tel: +44 (0)20 3470 0470

 Nominated Adviser

 Jeff Keating

 Charlie Bouverat

 Canaccord Genuity Limited                                          Tel: +44 (0) 20 7523 4500

 Joint Company Broker

 Raj Khatri

 James Asensio

 Harry Rees

 Liberum Capital Limited                                            Tel: +44 (0) 20 3100 2000

 Joint Company Broker

 Scott Mathieson

 Edward Thomas

 Kane Collings

 Yellow Jersey PR Limited                                           Tel: +44 (0)20 3004 9512

 Charles Goodwin

 Bessie Elliot

 atlantic@yellowjerseypr.com (mailto:atlantic@yellowjerseypr.com)

 

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)

 

Atlantic Lithium is an AIM and ASX-listed lithium exploration and development
company advancing a portfolio of lithium projects and licenses 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. for US$103m towards the development of the Ewoyaa Project. Based on the
Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues
exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only
process flowsheet.

 

Atlantic Lithium holds 560km(2) & 774km(2) of tenure across Ghana and
Côte d'Ivoire respectively, comprising significantly under-explored, highly
prospective licenses.

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAVXLBFXLLZBBB