REG - Atlantic Lithium Ltd - Board Changes

Atlantic LithiumAnnouncement

20/12/2023 07:15

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RNS Number : 3792X  Atlantic Lithium Limited  20 December 2023

 

 

20 December 2023

Board Changes

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium"
or the "Company"), the African-focused lithium exploration and development
company targeting to deliver Ghana's first lithium mine, is pleased to
announce that Jonathan Henry has been appointed to the Company's Board of
Directors as an Independent Non-Executive Director.

Mr Henry is a senior executive with significant, global listed company
experience, primarily in the mining industry, having held various leadership
and Board roles for nearly two decades.

He currently serves as Non-Executive Chair of Toronto Venture Exchange-listed
(TSX-V) Giyani Metals Corporation, a battery development company advancing its
portfolio of manganese oxide projects in Botswana, having previously held the
role of Executive Chair until May 2023.

Through his extensive career in the industry, Mr Henry has been heavily
involved in the strategic management and leadership of projects towards
production, commercialisation and, ultimately, the realisation of shareholder
value. In his career to-date, he has gained significant experience working
across capital markets, business development, project financing, key
stakeholder engagement (including public and investor relations), and the
reporting and implementation of ESG-focused initiatives.

Mr Henry's former roles within the mining sector include as Executive Chair
and Non-Executive Director at Euronext Growth and AIM-listed Ormonde Mining
plc, Non-Executive Director at TSX-V-listed Ashanti Gold Corporation,
President, Director and Chief Executive Officer at TSX-listed Gabriel
Resources Limited and various roles, including Chief Executive Officer and
Managing Director, at London and Oslo Stock Exchange-listed Avocet Mining PLC.

Mr Henry holds a BA (Hons) in Natural Sciences from Trinty College, Dublin,
Ireland.

In his role as Independent Non-Executive Director, Mr Henry will be focused on
maintaining good corporate governance in the interests of all shareholders.
His appointment also recognises the importance of having independent directors
on the Board, particularly as the Company continues to grow.

In line with Mr Henry's appointment and on the date that Mr Henry assumes his
position as Independent Non-Executive Director, Len Kolff, the Company's Head
of Business Development and Chief Geologist, will step down from his role on
the Board. Following these changes, there will be four Non-Executive and three
Executive Directors on the Board.

Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:

"Jonathan is a highly regarded mining executive with excellent credentials and
directly relevant experience of working in Africa. Having held leadership and
Board positions within companies across a multitude of stock exchanges
globally, he brings significant capital markets expertise, as well as a proven
track record of successfully delivering value at both the project and company
level.

"As we approach construction at the Ewoyaa Lithium Project, his learnings from
his career to date, particularly from bringing projects he has worked on
through to production, will be invaluable to the Company. As such, I am
delighted to welcome Jonathan to the Atlantic Lithium team and look forward to
working closely with him going forward.

"I would also like to take the opportunity, on behalf of the Board, to thank
Len Kolff for his considerable contributions as a Director since his
appointment to the Board in March 2022. Len joined the Board at a challenging
time for the Company, following the untimely passing of the founder of the
Company. His input through this period was, without doubt, instrumental in
guiding the Company to where Atlantic Lithium is today. I am pleased that, in
his role as Head of Business Development and Chief Geologist, Len will remain
key to the ongoing success of the Company."

 

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Jonathan George
Henry aged 57:

  Current directorships and/or partnerships:   Former directorships and/or partnerships (within the last five years):

 Giyani Metals Corporation                     Ormonde Mining plc

                                               Ashanti Gold Corporation

 

Mr Henry currently holds 51,518 ordinary shares of no par value each in the
Company.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

 

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
 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

 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 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 Definitive Feasibility Study for the Project indicates the production of
3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the
top 10 largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being
developed under a funding agreement with Piedmont Lithium Inc.

Atlantic Lithium holds 509km(2) and 774km(2) of tenure across Ghana and Côte
d'Ivoire respectively, comprising significantly under-explored, highly
prospective licences.

 

 

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