US-based Piedmont Lithium has revealed its decision to sell a portion of shares it holds in Aim- and ASX-listed Atlantic Lithium to Assore International, the largest shareholder in Atlantic.
The sale of 24.3 million shares, priced at £0.25 each, will inject approximately $7.8 million into Piedmont Lithium’s funds.
The move, representing 3.8% of Atlantic’s outstanding shares, will lower Piedmont’s shareholding in Atlantic, owner of the Ewoyaa project in Ghana, to around 5.2%.
Assore now holds about 28.4% of Atlantic. The sale has no impact on Piedmont’s existing positions with Atlantic or the Ewoyaa project.
“We remain confident about the potential of Ewoyaa as a logistically advantaged, low-cost producer of spodumene concentrate, but are taking a disciplined approach to deploying capital in the current lithium price environment and positioning ourselves for the recovery we anticipate in the lithium market,” said Phillips.
Piedmont aims to be a leading lithium hydroxide producer in North America. It processes spodumene concentrate from assets it has an economic interest in, including the Carolina Lithium and Tennessee Lithium projects in the US. Piedmont also has partnerships with Sayona Mining in Quebec and with Atlantic Lithium in Ghana.
Over 60 individuals, primarily from Senegal, are feared to have perished as their boat was discovered adrift approximately 300 kilometers (186 miles) away from the Atlantic island nation of Cape Verde.
Among the 38 survivors, seven are currently undergoing medical treatment in a hospital.
The wooden fishing vessel in which they were traveling was located a month after its departure from Senegal with over 100 migrants on board. The fate of those who remain unaccounted for remains unknown.
Officials in Senegal are arranging repatriation for the survivors. Authorities in Cape Verde have urged for international collaboration in addressing migration issues to prevent further loss of lives.
The vessel is believed to have been en route to the Spanish Canary Islands, a common migrant entry point into the European Union.
The boat was initially spotted on Monday by a Spanish fishing vessel.
Among the survivors are four children aged between 12 and 16, as confirmed by a representative from the International Organization for Migration (IOM).
The men told the news agency Reuters that they had to ration their meagre food and water for ten days until they were able to survive for four days by drinking seawater.
They boarded the ferry expecting to reach Europe, but instead they arrived in Brazil, which left them, to put it mildly, startled.
The guys fastened themselves to the rudder with a rope and constructed a net around it to keep from falling off while the ship sailed over the Atlantic.
One of the men, 35-year-old Roman Ebimene Friday, claimed that he frequently glanced below to spot “big fish like whales and sharks.”
Sleep was also not an option. One wrong move could be fatal, and it was hard to sleep anyhow with the sound of the engine running.
The men’s first concern was to hide from the crew because they feared that if they were discovered, they would be cast into the water.
Thankgod Opemipo Matthew Yeye, 38, continued, “It was a terrible experience for me.”
It is difficult to be on board. I was trembling from fear. However, I’m here.
Liberian-flagged ship On June 27, Ken Wave left Lagos. A fisherman rowed Friday from Bayelsa to the boat, where he discovered three individuals sitting close above the propeller.
The ship was finally located off the coast of the state of Esprito Santo in the southeast, and the sailors were saved.
The guys were all in “precarious health conditions,” according to the force, and were saved by federal police officers at the port of Vitoria.
Each had a different reason for leaving Nigeria, one of the most populous countries in Africa but also one of the most violent and impoverished. The nation has experienced a spike in kidnappings in recent years, and according to one survey, security is one of the top worries among the populace.
Yeye, a Pentecostal priest, claimed that his farm producing peanuts and palm oil was destroyed by heavy flooding, displacing his family.
He expressed optimism that one day they will be able to accompany him to Brazil.
While the other two guys asked to be sent back to Nigeria, Yeye and Friday both requested asylum in Brazil.
They are not the only men. According to the UN department for human rights, 123,300 refugees and migrants travelled across the Mediterranean to reach Europe in 2021.
Deaths are on the rise as people brave choppy waves and bad weather, despite the fact that the number has been down for years.
3,231 individuals at least perished or perished at sea in the Mediterranean and northwest African routes last year.
The agency said that it had “constantly warned of the horrific experiences and dangers faced by refugees and migrants who resort to these journeys.”
“Many of them are people running from conflict, violence, and persecution,” it is said.
Ameyaw TV gives you an inside look at the Atlantic Mall, Accra‘s newest shopping center that cost $20 million to build.
The Atlantic Shopping Mall, which is situated at the Atomic Junction Roundabout in the North Legon neighborhood close to the University of Ghana, is anticipated to draw tens of thousands of people every day from near and far.
Almost 40 stores are located in the mall, which is owned by Medco.
The shopping mall features a wide range of local and international brands such as The Outlet, Palace, Mabel Kids Shop among others.
Kifle Hampton, Director of Medco, said the Atlantic Mall journey began with a simple idea – to create a shopping experience unlike any other in Ghana
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