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Atlantic Lithium Limited announced the resignation of Edward Nana Yaw Koranteng as Non-Executive Director and Chairman of the Remuneration and Nomination Committee, effective 24 January 2025. Mr. Koranteng served as the Mineral Income Investment Fund's (MIIF) nominee director, following MIIF's US$5 million subscription in the Company. MIIF maintains its entitlement to appoint a nominee director.
| Date | 24 Jan 2025 |
| Time | 07:00:07 |
| Category | Board changes |
| ID | 5715U |
24 January 2025
Resignation of Non-Executive Director
Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, wishes to advise that Edward Nana Yaw Koranteng has resigned from his position of Non-Executive Director and Chairman of the Remuneration and Nomination Committee of the Board with immediate effect.
Mr. Koranteng held the position of Non-Executive Director in accordance with the Mineral Income Investment Fund's ("MIIF") entitlement to appoint a nominee director to the Company's Board, as agreed under the terms of MIIF's US$5m subscription in the Company (refer announcement of 24 January 2024), and his resignation follows his departure from MIIF earlier this month. MIIF maintains its entitlement to appoint a nominee director in his place.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
"On behalf of the Atlantic Lithium Board and management team, I would like to extend my gratitude to Edward for his valued contributions to the Company during his tenure and wish him well in his future pursuits."
Authorised for release by Amanda Harsas, Finance Director and Company Secretary, Atlantic Lithium Limited.
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
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www.atlanticlithium.com.au |
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Tel: +61 2 8072 0640 |
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SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat Tel: +44 (0)20 3470 0470 |
Yellow Jersey PR Limited Charles Goodwin Bessie Elliot Tel: +44 (0)20 3004 9512
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Canaccord Genuity Limited Financial Adviser: Raj Khatri (UK) / Duncan St John, Christian Calabrese (Australia)
Corporate Broking: James Asensio Tel: +44 (0) 20 7523 4500 |
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Notes to Editors:
About Atlantic Lithium
Atlantic Lithium is an AIM, ASX, GSE and OTCQX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country's first lithium-producing mine.
The Project was awarded a Mining Lease in October 2023, an Environmental Protection Agency ("EPA") Permit in September 2024, and a Mine Operating Permit in October 2024 and is being developed under an earn-in agreement with Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium projects within 509km2 and 771km2 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.
