{"id":126674,"title":"Atlantic Lithium Limited – secure funding up to £28 million to advance Ewoyaa Lithium Project","publisher":"Share Talk","author":"sharetalk","published":"2025-09-03T08:39:40+00:00","modified":"2025-09-03T08:39:40+00:00","canonical_url":"https://www.share-talk.com/atlantic-lithium-limited-secure-funding-up-to-28-million-to-advance-ewoyaa-lithium-project/","markdown_url":"https://www.share-talk.com/atlantic-lithium-limited-secure-funding-up-to-28-million-to-advance-ewoyaa-lithium-project.md","json_url":"https://www.share-talk.com/atlantic-lithium-limited-secure-funding-up-to-28-million-to-advance-ewoyaa-lithium-project.json","category":"Mining","categories":["Mining"],"tags":["AAL","Atlantic Lithium Ltd","Ghana","Lithium","Mine","Neil Herbert","Philip Ho"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/Atlantic-Lithium-Ltd-AIM_ALL-Primero-awarded-FEED-Contract-for-Ewoyaa-Lithium-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Atlantic Lithium Ltd (AIM: ALL, OTCQX: ALLIF, ASX: A11)** has entered into **binding financing agreements with Long State Investments** to raise up to **£28 million over the next 24 months**, with the funds earmarked to advance the company’s flagship **Ewoyaa Lithium Project in Ghana**.\n\nThe package includes an **initial £8 million share placing** along with a **committed equity facility of up to £20 million**, subject to shareholder approval. Atlantic Lithium noted that its largest shareholder, **Assore International Holdings**, has already expressed support for the proposal.\n\nChief executive **Keith Muller** said the agreements provide both immediate and longer-term access to funding at a critical point in the project’s development. He described the funding as timely, particularly given the **weak lithium pricing environment** and the **ongoing delay in ratifying the Ewoyaa Mining Lease, adding that the structure helps ****minimise shareholder dilution** while giving the company maximum control over when and how the funds are drawn.\n\nMuller also pointed to Long State’s track record of backing high-growth companies to deliver on their strategic objectives.\n\n**Philip Ho**, managing director of Long State Investments, said the firm was pleased to support Atlantic Lithium at such an important stage, describing Ewoyaa as a **“high-quality, strategically significant asset”** with the potential to become **Ghana’s first lithium-producing mine**. He added that the project is underpinned by strong fundamentals and improving market dynamics, making Atlantic Lithium a **highly attractive investment opportunity**."}