Atlantic Lithium (ALL) H1 2026 earnings summary

Executive summary

• Advanced permitting for the Ewoyaa Lithium Project in Ghana, aiming to become the country's first lithium mine, with parliamentary ratification of the mining lease pending.

• Ongoing exploration in Côte d'Ivoire, with significant lithium-in-soil anomalies identified at Rubino and Agboville licences.

• Entered into financing agreements to raise up to £28m over 24 months to support project development.

• Board rejected a conditional, non-binding acquisition proposal after exclusive discussions.

Financial highlights

• Net loss for the half-year ended 31 December 2025 was $1,913,777, compared to a loss of $2,077,255 for the same period last year.

• Cash and cash equivalents at 31 December 2025 were $5,400,411, down from $11,809,771 at 31 December 2024.

• Total assets increased to $47,797,272 from $44,484,603 at 30 June 2025.

• Share capital increased to $159,451,860 following new share issues.

Outlook and guidance

• Confident in securing parliamentary ratification for the Ewoyaa Mining Lease, which is the final permitting step.

• Additional funding will be required to meet project development obligations; ongoing efforts to secure further financing.

• Exploration in Côte d'Ivoire to be accelerated pending new funding partnerships.