Atlantic Lithium (ALL) H2 2026 earnings summary

Executive summary

• Advanced the Ewoyaa Lithium Project in Ghana, securing key permits and achieving parliamentary ratification of the Mining Lease, positioning it as Ghana's first lithium-producing mine.

• Entered into a Scheme Implementation Deed with Zhejiang Huayou Cobalt Co., Limited for a proposed acquisition of all shares, valuing the company at approximately US$210 million, representing a 26.6% premium to the prior closing price.

• Secured up to £28m in financing from Long State Investments and a strategic investment of up to US$11m from Ghanaian pension funds.

Financial highlights

• Reported a net loss after tax of $7,023,970 for the year ended 30 June 2026, compared to $6,593,824 in the prior year.

• Cash and cash equivalents increased to $9,735,333 from $5,386,779 year-over-year.

• Exploration and evaluation assets rose to $41,948,126 from $37,389,331 year-over-year.

• No dividends declared or paid during the year.

Outlook and guidance

• Pending completion of the acquisition by Huayou, which is expected to accelerate project development and funding.

• If the scheme does not proceed, alternative funding sources will be required to advance the Ewoyaa project.