"Atlantic Lithium Allocates Over 1.4 Million Performance Rights to Senior Employees Involved In Ewoyaa Project"

" Atlantic Lithium Allocates Over 1.4 Million Performance Rights to Senior Employees Involved In Ewoyaa Project \r\n\r\nAtlantic Lithium has granted 1,402,492 unlisted performance rights to key senior employees involved in the development of the Ewoyaa Lithium Project.\r\n\r\nThe rights, tied to new ordinary shares and issued at no cost, are subject to rigorous performance conditions set by the Board and require the employees to remain with the company until the conclusion of the measurement period on July 30, 2026.\r\n\r\n The measurement period for the performance rights begins on July 31, 2023, and ends on July 30, 2026. \r\n\r\n The performance rights according to a statement by Atlantic Lithium, are being granted under the Company\u2019s ASX listing rule 7.1 capacity and do not require shareholder approval.\u00a0\u00a0 \r\n\r\nThe performance rights are designed to align employee incentives with Atlantic Lithium's long-term growth objectives.\r\n\r\nThe company's Remuneration & Nomination Committee underscores the use of such rights as a vital tool for attracting, retaining, and motivating talent integral to the company\u2019s ambitious expansion plans.\r\n\r\n 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\u2019s first lithium-producing mine.\u00a0\u00a0 \r\n\r\n The Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the largest spodumene concentrate mines in the world.\u00a0 \r\n\r\n The Project, which was awarded a Mining Lease in October 2023, is being developed under an earn-in agreement with Piedmont Lithium. \r\n\r\n Atlantic Lithium holds a portfolio of lithium projects within 509km 2 and 774km 2 of granted and under-application tenure across Ghana and C\u00f4te d'Ivoire respectively. "

"Atlantic Lithium Allocates Over 1.4 Million Performance Rights to Senior Employees Involved In Ewoyaa Project"

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