Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF), the Africa-focused lithium exploration and development company, has successfully closed a fully subscribed dual-listing offer on the Australian Stock Exchange (ASX).
The offer to acquire up to 22,850,000 shares in the AIM-quoted company at A$0.58 a piece was open to investors in Australia, New Zealand, Hong Kong and Singapore.
Atlantic Lithium is working towards a listing date of September 26 under the ticker code A11.AIM-listed ALL shares have significantly outperformed in 2022, having rallied 46% year to date.
The company is targeting to deliver Ghana's first lithium mine through its flagship Ewoyaa Lithium Project which is set to be West Africa’s first lithium-producing mine.