Atlantic Lithium confirms discussions with Ghanaian mineral fund

Africa-focussed lithium explorer and developer Atlantic Lithium, which is working on delivering Ghana's first lithium mine, responded to an announcement from the Minerals Income Investment Fund of Ghana (MIIF) on Friday.

The AIM-traded firm said the MIIF had expressen an interest to invest up to $30m (£25.12m) in the company.

It confirmed on Friday morning that discussions were ongoing.

“Shareholders should note that there can be no certainty that any such investment will be made by MIIF or on what terms such an investment might be made,” the board said in its statement.

“The company will advise and update the market as discussions progress.”

At 0921 GMT, shares in Atlantic Lithium were down 4.24% at 38.11p.

Reporting by Josh White for Sharecast.com.