REG - Atlantic Lithium Ltd - AGM Statement

Atlantic LithiumAnnouncement

27/11/2025 07:05

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RNS Number : 2245J  Atlantic Lithium Limited  27 November 2025

27 November 2025

AGM Statement

Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, "Atlantic Lithium"
or the "Company"), the Africa-focused lithium exploration and development
company targeting the delivery of Ghana's first lithium mine, announces that
at the Company's Annual General Meeting ("AGM"), which will be held online at
7pm (Sydney time) / 8am (London time) today, the Chairman of the AGM will
issue the following statement:

"On behalf of the Board of Atlantic Lithium, I am pleased to welcome
shareholders to the Company's 2025 Annual General Meeting.

"Over the past year, our focus has been on positioning the Company to deliver
value for shareholders and lasting benefits for our partners in Ghana. We made
strong progress despite the delay to the Ewoyaa Mining Lease ratification and
continued volatility in the lithium market. Through disciplined management, we
reduced leadership salaries, cut non-critical costs, and streamlined our teams
in Ghana and Australia to ensure we can advance the Project efficiently.

"While lithium prices have recovered from mid-year lows, they remain below
most analysts' incentive range. In response, we worked closely with the
Government of Ghana to seek fiscal terms for the Project that align with
current market conditions. The revised Mining Lease has now been submitted to
Parliament and referred to the Select Committee for consideration. We remain
confident that ratification will follow soon, recognising the Project's
strategic importance to both Ghana and the Central Region.

"To strengthen our financial position, we secured two funding arrangements
with Long State Investments Ltd, giving the Company access to up to £28
million over 24 months. These facilities provide flexibility in terms of
drawing down on available capital while helping to limit shareholder dilution.
Long State's support is a strong endorsement of both our strategy and the
Project's potential.

"Beyond Ghana, our exploration work in Côte d'Ivoire has delivered
encouraging results across the Agboville and Rubino licences, with early signs
of significant lithium potential. Our experienced exploration team continues
to add long-term value through disciplined and results-driven fieldwork.

"Despite near-term price pressures, the fundamentals for lithium remain
robust, underpinned by electric vehicle growth and energy storage demand.
Ewoyaa stands out as a low-cost, near-term development opportunity,
positioning the Company to benefit strongly from a market recovery.

"The resilience of our team has been exceptional through challenging
conditions. With Mining Lease ratification expected soon, we look ahead to a
promising 2026 and beyond. I would like to thank our shareholders for your
patience and confidence, and our Ghanaian stakeholders for their continued
support. Together, we are working to deliver transformational opportunities
for the Central Region and lasting value for all."

Authorised for release by Amanda Harsas, Finance Director and Company
Secretary, Atlantic Lithium Limited.

For any further information, please contact:

Atlantic Lithium Limited

Keith Muller (Chief Executive Officer)

Amanda Harsas (Finance Director and Company Secretary)

                   www.atlanticlithium.com.au
                   IR@atlanticlithium.com.au
                   Tel: +61 2 8072 0640

 SP Angel Corporate Finance LLP      Yellow Jersey PR Limited                                           Canaccord Genuity Limited

 Nominated Adviser                   Charles Goodwin                                                    Financial Adviser:

 Jeff Keating                        Bessie Elliot                                                      Raj Khatri (UK) /

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

 Charlie Bouverat
                                                                  Duncan St John, Christian Calabrese (Australia)

                                   Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470

                                                                                                        Corporate Broking:

                                                                                                        James Asensio

                                                                                                        Tel: +44 (0) 20 7523 4500

Notes to Editors:

About Atlantic Lithium

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

Atlantic Lithium is an AIM, ASX, and GSE-listed lithium company advancing its
flagship project, the Ewoyaa Lithium Project, a lithium spodumene pegmatite
discovery in Ghana, through to production to become the country's first
lithium-producing mine.

The Company published a Definitive Feasibility Study in respect of the Project
in July 2023. The Project was awarded a Mining Lease in October 2023, an
Environmental Protection Authority ("EPA") Permit in September 2024, and a
Mine Operating Permit in October 2024 and is being developed under an earn-in
agreement with Elevra Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
771km(2) of granted and under-application tenure across Ghana and Côte
d'Ivoire respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective licences.

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