Atlantic Lithium Posts Q2 Loss Despite Higher Revenue
Atlantic Lithium reported a loss of $6.59 million for the second quarter of 2025, narrowing from the $12.65 million loss recorded in the same period last year. The company attributed the performance to elevated operational expenses, even as income rose to $683,218 in Q2 2025 from $413,780 a year earlier.
The Africa-focused lithium explorer’s balance sheet showed improvement over the period, with total assets increasing to $44.48 million from $41.19 million in Q2 2024, while total liabilities declined to $3.78 million from $5.74 million.
Meanwhile, the AIM- and ASX-listed company has secured binding financing agreements worth up to £28 million ($37.5 million) with Hong Kong-based Long State Investments. The funding package, aimed at supporting the development of Ghana’s first lithium mine, comprises an £8 million share placement and a £20 million committed equity facility.
According to Atlantic Lithium, the deal provides a combination of immediate capital inflows and medium-term financing flexibility. The initial tranche of the share placement is expected to raise £2 million through the issuance of 24.8 million shares, with three further tranches of £2 million each available at the company’s discretion.
The £20 million equity facility—subject to shareholder approval at an extraordinary general meeting in October—will enable Atlantic Lithium to issue new shares over a two-year period, ensuring sustained access to liquidity in what has been described as a subdued lithium market.
