Deal: Atlantic Lithium Limited (Atlantic) has listed on the ASX, with commencement of trading occurring on 26 September 2022.

Value: $13.3 million

Area: Corporate

Key players: The HopgoodGanim team comprised partner Brian Moller, senior associate Grace Mullins, associate Rebecca Rutland, solicitor Josie Tait and law graduates Elaina Betzel and Liam O’Shaughnessy.

Deal significance: Atlantic is a lithium-focused exploration and development company. 

According to a statement from HopgoodGanim, the group recently completed a pre-feasibility study on its flagship Ewoyaa Lithium Project situated in Ghana, West Africa. The development of the project is supported by a funding agreement with Piedmont Lithium, the firm noted.

In addition to now being listed on the ASX, the company is also listed on the London-based AIM and US-based OTC markets. Atlantic’s $13.3 million dual-listing offer was conducted by way of a sell-down of existing shares, and it has a market capitalisation of approximately $351 million, HopgoodGanim’s statement explained.

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“We are proud to have advised Atlantic Lithium on their successful listing, which has also served to showcase the calibre of our diverse and significant capital markets practice,” said HopgoodGanim partner Brian Moller.

Commenting further, Atlantic’s finance director and company secretary Amanda Harsas said: “The HopgoodGanim team worked collaboratively and tirelessly with us to support us in our ASX listing. The listing had challenging elements that were faced with pragmatic resilience and good humour. We look forward to continuing our successful relationship with the HopgoodGanim team.”