Atlantic Lithium has allocated 1,402,492 unlisted performance rights to senior employees who play a pivotal role in the significant advancement of the Ewoyaa Lithium Project, a key project for our company’s future.
These performance rights are linked to new ordinary shares. They are granted at no cost, contingent upon achieving specific performance benchmarks and remaining with the company through the end of the measurement period on July 30, 2026.
The performance evaluation period for these rights began on July 31, 2023, and will extend until July 30, 2026.
The allocation of these rights is governed by the company’s ASX listing rule 7.1, which allows Atlantic Lithium to proceed without requiring shareholder approval.
Atlantic Lithium’s strategic allocation of performance rights serves to align employee incentives with the company’s long-term growth objectives, ensuring that our key talent is fully invested in our success.
The decision to allocate these rights was made by the Remuneration & Nomination Committee, which underscored their importance in attracting, retaining, and motivating key talent, crucial for the company’s ambitious expansion plans related to the Ewoyaa Lithium Project.
Find below their statement
Atlantic Lithium, listed on AIM, ASX, GSE, and OTCQX, is advancing the Ewoyaa Lithium Project, a major lithium spodumene pegmatite discovery in Ghana, toward production, positioning it to become the country’s first lithium-producing mine.
The Definitive Feasibility Study for the Project forecasts the production of 3.6 million tonnes of spodumene concentrate over a 12-year mine life, placing it among the world’s largest spodumene concentrate mines.
Atlantic Lithium’s portfolio also includes lithium projects spanning 509 km² in Ghana and 774 km² of granted and under-application tenure across Côte d’Ivoire.
