ALL Atlantic Lithium Limited

TIDMALL

RNS Number : 2457V

Atlantic Lithium Limited

30 November 2023

30 November 2023

Result of Annual General Meeting

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, advises that all resolutions put to shareholders at the Company's Annual General Meeting ("AGM"), held earlier today in Perth, Australia, were passed by way of a poll.

In accordance with Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act 2001 (Cth), details of the results and the proxies received in respect of each resolution are set out in the attached summary, which can be found via the following link:

http://www.rns-pdf.londonstockexchange.com/rns/2457V_1-2023-11-30.pdf

As more than 25% of the votes cast on Resolution 1 were against the adoption of the Remuneration Report, this constitutes a 'first strike' for the purposes of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2(f).

The Board will seek to further engage with shareholders to understand their rationale for voting against Resolution 1, which will be taken into account as part of the Board's consideration of the Company's future remuneration policy and practices.

Resolution 15: Approval to issue an additional 10% of the issued capital of the Company over a 12-month period, was withdrawn on 30 November 2023, prior to the commencement of the AGM. At the date of the AGM, the Company's market capitalisation exceeded A$300 million, meaning the Company was therefore ineligible to seek approval under ASX Listing Rule 7.1A.

Announcement authorised for release by Amanda Harsas, Company Secretary.

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        Yellow Jersey PR Limited        Canaccord Genuity Limited 
 LLP                                    Charles Goodwin                   Financial Adviser: 
 Nominated Adviser                       Bessie Elliot                     Raj Khatri (UK) / 
 Jeff Keating                     atlantic@yellowjerseypr.com      Duncan St John, Christian 
 Charlie Bouverat                     Tel: +44 (0)20 3004              Calabrese (Australia) 
 Tel: +44 (0)20 3470                         9512 
 0470                                                                     Corporate Broking: 
                                                                               James Asensio 
                                                                        Tel: +44 (0) 20 7523 
                                                                                        4500 
==============================  =============================  ============================= 
 

Notes to Editors:

About Atlantic Lithium

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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November 30, 2023 06:50 ET (11:50 GMT)

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