Atlantic Lithium Limited (ASX: A11), an Africa-focused lithium exploration and development company targeting the delivery of Ghana’s first lithium mine, has confirmed the completion of the dispatch of its Scheme Booklet. This significant step relates to the proposed acquisition of Atlantic Lithium by Huayou (Hong Kong) Company Limited, a wholly-owned subsidiary of Zhejiang Huayou Cobalt Company Limited, through a scheme of arrangement. The Scheme Booklet contains comprehensive information regarding this proposed transaction, which was distributed to all eligible Atlantic Lithium shareholders and depositary interest holders.
The Scheme Booklet provides full details of the proposed acquisition, including the reasons for the Atlantic Lithium Board’s unanimous recommendation. It also incorporates a copy of the Independent Expert’s Report and the official Notice of the Scheme Meeting. The Atlantic Lithium Board continues to unanimously recommend that shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to an independent expert continuing to conclude that the Scheme is in the best interests of Atlantic Lithium shareholders. Each member of the Board intends to vote their held or controlled shares in favour under these qualifications.
The document also sets out an indicative timetable for the upcoming stages of the Scheme. The Scheme Meeting is scheduled for 14 December 2026, where shareholders will vote on the proposal. Following this, the Second Court Date for approval is anticipated on 17 December 2026, leading to an Effective Date of 18 December 2026 and an Implementation Date of 12 January 2027. Atlantic Lithium strongly encourages all shareholders and depositary interest holders to thoroughly read the Scheme Booklet in its entirety and to seek independent financial, legal, accounting, taxation, or other professional advice before making any voting or investment decision.
