Atlantic Lithium Limited NPV (DI) (ALL)

Sector:

Mining

Index:

FTSE AIM All-Share

19.37p
   
  • Change Today:
      0.030p
  • 52 Week High: 36.15
  • 52 Week Low: 17.94
  • Currency: UK Pounds
  • Shares Issued: 649.67m
  • Volume: 1,132,213
  • Market Cap: £125.84m

IronRidge's Ewoyaa project to proceed with Piedmont funding

By Josh White

Date: Tuesday 31 Aug 2021

LONDON (ShareCast) - (Sharecast News) - IronRidge Resources announced on Tuesday that the conditions required for the the execution of its binding agreement with Piedmont Lithium had now been satisfied.
The AIM-traded firm said that meant Piedmont would fully fund and fast track the company's Ewoyaa lithium project in Ghana through to production, for $102m.

It said Piedmont was committing a further £0.72m, or $1m, increasing its stake to 9.91% via the placing of a further 2.88 million shares at 25p.

The board said Ghana would benefit from becoming the first lithium-producing country in West Africa.

IronRidge had also increased its net cash position to $28m for future growth initiatives, while exploration, resource drilling and studies were ongoing at the project.

"Today's completion marks a pivotal time in IronRidge's development of Ewoyaa - from initial discovery to being fully funded through to production," said chief executive officer Vincent Mascolo.

"We are delighted to be in a position to confidently advance the project, whilst working alongside Piedmont towards first lithium production in Ghana.

"This landmark investment showcases and vindicates IronRidge's successful exploration strategy, and we are excited to deliver further on the demerged gold projects in our portfolio."

At 1149 BST, shares in IronRidge Resources were up 11.65% at 23.39p.

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ALL Market Data

Currency UK Pounds
Share Price 19.37p
Change Today 0.030p
% Change 0.16 %
52 Week High 36.15
52 Week Low 17.94
Volume 1,132,213
Shares Issued 649.67m
Market Cap £125.84m

ALL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.17% below the market average62.17% below the market average62.17% below the market average62.17% below the market average62.17% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
66.29% below the market average66.29% below the market average66.29% below the market average66.29% below the market average66.29% below the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average
Income Not Available
Growth Not Available

ALL Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:25 18,952 @ 19.11p
16:22 50,041 @ 19.38p
16:21 513 @ 19.48p
16:10 5 @ 19.74p
16:08 78,948 @ 19.00p

ALL Key Personnel

Finance Director Amanda Harsas

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