Atlantic Lithium Limited (ALL): Côte d'Ivoire lithium exploration

This situation live

ALL Atlantic Lithium Limited

£109m · 13.9p · +62% since the first step

31 Oct 2025 · Soil anomalies defined; follow-up mapping started · +38% until the next step The Company has commenced further mapping across the two licences to continue the evaluation of the anomalies identified in the Phase 2 and 3 soil results.

29 Jan 2026 · Phase 4 soil sampling underway at Agboville · +27% until the next step This additional mapping will assist in defining follow-up auger drill programmes to map the source of the anomalies below the laterite at surface, intended to support the definition of potential rever

13 Mar 2026 · Phase 4 sampling complete; results awaited · +19% until the next step We have now concluded the Phase 4 soil sampling programme undertaken within the Agboville and Rubino licences, with results still to be returned.

17 Mar 2026 · Binding agreements signed; completion expected 24 March · −5% until the next step The Company making a public announcement on ASX that the Ewoyaa Mining Lease has been ratified by the Parliament of Ghana.

17 Mar 2026 · Binding agreements signed; admission timing amended · −5% until the next step The Ordinary Share Subscription is expected to complete on Tuesday 24 March 2026 and is being issued pursuant to the Company's ASX Listing Rule 7.1 placement capacity.

20 Mar 2026 · Class A warrant trigger (lease ratified) met · −17% until the next step Ratification constitutes the Parliament of Ghana's formal approval of the proposed Ewoyaa Lithium Mine and Processing Plant

30 Apr 2026 · Phase 4 complete; results pending · +12% until the next step Completion of Phase 4 soil sampling within the Company's wholly-owned Agboville and Rubino licences in Côte d'Ivoire, with results pending.

11 May 2026 · Elevra agrees to transfer rights to Huayou · −5% until the next step If the relevant regulatory approvals condition precedent to the agreement is satisfied, Elevra will transfer all of its rights, obligations, title and interests associated with the Project and in the

31 Jul 2026 · Scheme conditions being progressed; booklet due October 2026 · −2% until the next step A Scheme Booklet containing important information in relation to the Scheme, including reasons for the unanimous recommendation of the Atlantic Lithium Board and an independent expert's report, is exp

17 Sep 2026 · FIRB condition satisfied; other conditions outstanding · −8% since As a result, the condition precedent under clause 3.1(a) of the SID relating to FIRB approval has been satisfied.

Project milestones

Côte d'Ivoire lithium exploration

FIRB condition satisfied; other conditions outstanding

Next: Scheme Booklet despatch, then shareholder meeting

Every step · 10

31 Oct 2025 Soil anomalies defined; follow-up mapping started – The Company has commenced further mapping across the two licences to continue the evaluation of the anomalies identified in the Phase 2 and 3 soil results. ↗
29 Jan 2026 Phase 4 soil sampling underway at Agboville – This additional mapping will assist in defining follow-up auger drill programmes to map the source of the anomalies below the laterite at surface, intended... ↗
13 Mar 2026 Phase 4 sampling complete; results awaited – We have now concluded the Phase 4 soil sampling programme undertaken within the Agboville and Rubino licences, with results still to be returned. ↗
17 Mar 2026 Binding agreements signed; completion expected 24 March – The Company making a public announcement on ASX that the Ewoyaa Mining Lease has been ratified by the Parliament of Ghana. ↗
17 Mar 2026 Binding agreements signed; admission timing amended – The Ordinary Share Subscription is expected to complete on Tuesday 24 March 2026 and is being issued pursuant to the Company's ASX Listing Rule 7.1... ↗
20 Mar 2026 Class A warrant trigger (lease ratified) met – Ratification constitutes the Parliament of Ghana's formal approval of the proposed Ewoyaa Lithium Mine and Processing Plant ↗
30 Apr 2026 Phase 4 complete; results pending – Completion of Phase 4 soil sampling within the Company's wholly-owned Agboville and Rubino licences in Côte d'Ivoire, with results pending. ↗
11 May 2026 Elevra agrees to transfer rights to Huayou – If the relevant regulatory approvals condition precedent to the agreement is satisfied, Elevra will transfer all of its rights, obligations, title and... ↗
31 Jul 2026 Scheme conditions being progressed; booklet due October 2026 – A Scheme Booklet containing important information in relation to the Scheme, including reasons for the unanimous recommendation of the Atlantic Lithium... ↗
17 Sep 2026 FIRB condition satisfied; other conditions outstanding – As a result, the condition precedent under clause 3.1(a) of the SID relating to FIRB approval has been satisfied. ↗

What is happening

Atlantic Lithium Limited: Côte d'Ivoire lithium exploration – FIRB condition satisfied; other conditions outstanding. ['FIRB condition satisfied; other conditions outstanding']

In short: Huayou signed a binding Scheme Implementation Deed on 7 May 2026 for US$0.25486 per share in cash, and Atlantic consented on 11 May 2026 to Elevra's sale of its 22.5% Ghana rights to Huayou. On 17 Sep 2026 FIRB approval was received, satisfying the clause 3.1(a) condition. Other approvals, the shareholder vote and court approval remain.
Announced: 31 Oct 2025 · Soil anomalies defined; follow-up mapping started
Latest: 17 Sep 2026 · FIRB condition satisfied; other conditions outstanding
Conditions: FIRB satisfied 17 Sep 2026; other regulatory approvals, shareholder vote and Supreme Court of Western Australia approval outstanding
Price link: If Scheme Consideration changes within 3 months, the Elevra consideration changes proportionally
Offer: US$0.25486 per share in cash (A$0.354 / £0.188); values company at about US$210m
Premium: 26.6% to A$0.280 close on 6 May 2026; 21.8% to 30-day VWAP
Bidder: Zhejiang Huayou Cobalt Co., Limited
Board view: Unanimously recommends, absent a superior proposal and subject to independent expert's conclusion
Irrevocables: Assore (~26.4%) and directors (~1.8%) intend to vote in favour, subject to the same qualifications
Timetable: Booklet October 2026; shareholder meeting November 2026; implementation December 2026

What comes next

Scheme Booklet despatch, then shareholder meeting.

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Also at Atlantic Lithium Limited 2 open

Project milestonesEwoyaa Mining Lease ratification – FIRB condition satisfied; other conditions outstanding Takeover targetOffer for the company – approved Stake building towards controlAssore International Holdings Limited towards control – 30.56% (from 27.16%) · closed Atlantic Lithium Limited – company page →