In its unaudited interim results for the half-year period ended December 31, 2025, Aim-listed Atlantic Lithium has reported that the lithium market has experienced a strong recovery, with prices having risen from lows of $590/t in June 2025 to over $1 500/t in January, and beyond $2 000/t more recently.

CEO Keith Muller says the company has undertaken work in recent months to enhance the viability of the project amid ongoing price volatility, ensuring the project can survive through price downturns but also capitalise on periods of improved pricing.

He notes that this work is expected to support the company's financing discussions, which will be further progressed post-ratification of the Ewoyaa mining lease, in Ghana.

“We continue to receive positive indications in respect of the ratification process. Parliament reconvened on February 3 and a meeting was held for the Select Committee to consider the mining lease application on February 12."

Muller says the company eagerly awaits the conclusion of the select committee's review of the mining lease and the submission of its recommendation to Parliament thereafter.

“We remain confident that ratification will be forthcoming and continue to support the process where possible.”

He adds that further steps have also been taken to progress the company’s early-stage exploration in Côte d'Ivoire during the period.

He explains that the company has now concluded the Phase 4 soil sampling programme undertaken within the Agboville and Rubino licences, with results still to be returned.

“While advancing Ewoyaa remains our priority, the impressive results delivered to date from the two licences in Côte d'Ivoire provide us with confidence to build a pipeline of lithium production assets to drive the company's longer-term growth”.

Post period-end, Muller points out that Atlantic Lithium announced the receipt of an unsolicited takeover offer from an undisclosed suitor.

While the offer validated the direction in which the company is heading, he says the board felt that it did not fully encapsulate the potential that Ewoyaa and the company's exploration tenure offer; particularly when considering the current status of the mining lease ratification process and the underlying demand trajectory for lithium products.

Following the cessation of discussions with said suitor, Muller says the company remains fully committed to advancing Ewoyaa towards production to become Ghana's first lithium mine.

"We look forward to providing further updates in due course."

EXPLORATION

Meanwhile, Atlantic Lithium reports that new spodumene pegmatite occurrences discovered in rock float from further mapping completed within the company's Rubino licence in Côte d'Ivoire, in addition to the previously reported outcrop.

The company says impressive results were returned from lithium-in-soil sampling completed across both of the company's 100%-owned Rubino and Agboville exploration licences.

The results delineate pronounced lithium-in-soil anomalies, extending over several kilometres, across both licences.

Atlantic Lithium says Phase 2 results at Agboville have defined a pronounced linear anomaly greater than 5 km in length, in addition to other anomalous linear features.

Phase 3 soil sampling at Rubino has extended the anomalous zone reported previously to an increased area of about 6 km by 2.5 km, while Phase 4 soil sampling programmes were completed within the Agboville and Rubino licences post-period end.

The company says a formal process is under way to source funding options that are nondilutive to the company's shareholders to accelerate the exploration of its licences in Côte d'Ivoire.