Latest news with #AtlanticLithium
Yahoo
05-05-2025
- Business
- Yahoo
UK Penny Stocks Worth Watching In May 2025
The UK market has been experiencing fluctuations, with the FTSE 100 index closing lower due to weak trade data from China, impacting companies tied to Chinese economic performance. Despite these broader market challenges, penny stocks—often representing smaller or newer companies—remain an intriguing area for investors seeking growth opportunities at lower price points. By focusing on those with strong financial foundations and potential for long-term growth, investors can discover hidden gems that offer both stability and upside potential in a volatile market landscape. Name Share Price Market Cap Financial Health Rating Croma Security Solutions Group (AIM:CSSG) £0.855 £11.77M ★★★★★★ LSL Property Services (LSE:LSL) £2.88 £297.21M ★★★★★☆ One Media iP Group (AIM:OMIP) £0.0375 £8.34M ★★★★★★ Helios Underwriting (AIM:HUW) £2.23 £161.55M ★★★★★☆ Warpaint London (AIM:W7L) £3.80 £306.99M ★★★★★★ Foresight Group Holdings (LSE:FSG) £3.755 £424.34M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.04 £389.44M ★★★★★★ Begbies Traynor Group (AIM:BEG) £0.938 £149.6M ★★★★★★ QinetiQ Group (LSE:QQ.) £4.008 £2.2B ★★★★★☆ Van Elle Holdings (AIM:VANL) £0.35 £37.87M ★★★★★★ Click here to see the full list of 395 stocks from our UK Penny Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Atlantic Lithium Limited focuses on the exploration and development of mineral properties in Australia, Ivory Coast, and Ghana with a market cap of £50.25 million. Operations: The company generates revenue from its exploration activities in base and precious metals, totaling A$1.15 million. Market Cap: £50.25M Atlantic Lithium Limited, with a market cap of £50.25 million, is pre-revenue and currently unprofitable, reporting a net loss of A$2.08 million for the half-year ending December 2024. Despite its losses increasing by 11.2% annually over five years, the company maintains short-term assets of A$12.8 million exceeding both short-term and long-term liabilities. The firm is debt-free but faces high volatility in share price and has less than a year of cash runway at current free cash flow reduction rates. Shareholder dilution has not been significant recently, offering some stability amidst financial challenges. Click to explore a detailed breakdown of our findings in Atlantic Lithium's financial health report. Examine Atlantic Lithium's earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Beeks Financial Cloud Group plc offers managed cloud computing, connectivity, and analytics services for capital markets and financial services sectors globally, with a market cap of £138.34 million. Operations: The company generates revenue from its Public/private Cloud segment, which accounts for £26.01 million, and its Proximity/Exchange Cloud segment, contributing £5.32 million. Market Cap: £138.34M Beeks Financial Cloud Group plc, with a market cap of £138.34 million, has shown strong financial growth, reporting earnings that grew by 293.4% over the past year and a net profit margin improvement from 2.4% to 7.4%. The company is debt-free and boasts short-term assets of £13.2 million surpassing both its short-term and long-term liabilities. Recent contracts with Kraken and a global FX brokerage firm highlight Beeks' expansion into new markets, promising revenue growth as these partnerships commence in H2 FY25. Despite stable weekly volatility over the past year, its share price remains highly volatile recently. Navigate through the intricacies of Beeks Financial Cloud Group with our comprehensive balance sheet health report here. Assess Beeks Financial Cloud Group's future earnings estimates with our detailed growth reports. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Hostelworld Group plc operates as an online travel agent specializing in the hostel market globally, with a market cap of £144.66 million. Operations: The company generates revenue of €92 million from providing software and data processing services. Market Cap: £144.66M Hostelworld Group plc, with a market cap of £144.66 million, has demonstrated robust earnings growth of 78.4% over the past year, surpassing both its historical average and industry benchmarks. The company is debt-free and maintains high-quality earnings; however, its short-term assets (€12.7M) fall short of covering short-term liabilities (€16.9M). Despite this, long-term liabilities are well-covered by assets. Recent executive changes include the upcoming departure of Chairman Ulrik Bengtsson later in 2025 as the company seeks new leadership to support its growth trajectory amidst stable weekly volatility and an experienced board and management team. Dive into the specifics of Hostelworld Group here with our thorough balance sheet health report. Explore Hostelworld Group's analyst forecasts in our growth report. Navigate through the entire inventory of 395 UK Penny Stocks here. Want To Explore Some Alternatives? The end of cancer? These 23 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:ALL AIM:BKS and LSE:HSW. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Atlantic Lithium negotiates with Ghana to revise terms for Ewoyaa lithium project
Atlantic Lithium is in ongoing discussions with the Ghanaian Government to review the fiscal terms of the Ewoyaa lithium project. The Australian miner is seeking adjustments to Ghana's mining revenue framework, which mandates a 10% state free carried interest and a special 13% royalty on lithium production revenue. The negotiations aim to address the impact of falling lithium prices on the project's economic feasibility. These terms have come under scrutiny as lithium prices have plummeted by more than 80% since their peak in 2022, challenging the viability of new lithium mining ventures globally. Atlantic Lithium's general manager, Ahmed-Salim Adam, highlighted the urgency of revising the fiscal terms to Reuters, stating that such changes are critical for the project's survival, according to a report by Reuters. Despite the downturn in the lithium market, Atlantic Lithium aims to advance the Ewoyaa project, working in tandem with the Ghanaian Government and local communities. Atlantic Lithium executive chairman Neil Herbert said: "We are dedicated to working in a spirit of partnership with the Government of Ghana and our host communities to ensure Ewoyaa becomes a flagship project for the country and the region. 'While current lithium prices present headwinds, we believe that through collaboration and prudent fiscal measures, we can advance Ewoyaa to production and deliver lasting value for all stakeholders." The Ewoyaa project boasts a strategic location with excellent infrastructure and has demonstrated its capability to produce spodumene concentrate suitable for electric vehicle batteries. In June 2023, Atlantic Lithium released its definitive feasibility study (DFS) for the Ewoyaa Project, affirming its economic viability with a projected 3.6 million tonnes (mt) of spodumene concentrate production over a 12-year life of mine. The DFS reflects updated mineral reserves of 25.6mt at 1.22% lithium oxide. Atlantic Lithium secured a mine operating permit for the project in October last year, the final regulatory step before construction can commence. "Atlantic Lithium negotiates with Ghana to revise terms for Ewoyaa lithium project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
24-04-2025
- Business
- Zawya
Ghana: Atlantic Lithium seeks concessions to salvage Ghana project
ACCRA: Australia-based miner Atlantic Lithium said it has appealed to Ghana's government for fiscal concessions to salvage its Ewoyaa project, as plummeting global prices threaten the viability of what would be the West African nation's first lithium mine. "We have done the maths and it doesn't make sense at all," Ahmed-Salim Adam, Atlantic Lithium's general manager, told Reuters. "We have written to the minister of lands and natural resources for urgent help on the fiscals. If not, the project cannot proceed," he added. Prices of the critical battery metal have tumbled more than 80% from peaks seen in November 2022, as a supply glut coincided with slower-than-expected electric vehicle adoption rates globally. Ghana, Africa's lead gold producer, granted the Australian miner a 15-year lease to establish the mine by late 2024, hoping to capitalize on the EV boom. The Ewoyaa project, with an estimated resource of 35-40 million tonnes of lithium-bearing ore, is positioned to become one of the top 10 global spodumene concentrate producers, according to Atlantic Lithium, making it a significant new supply source outside the industry-dominant markets of Australia, Chile and China. It is estimated to produce around 360,000 tons of lithium annually, which will be exported to the U.S. However, construction of the project stalled on delayed parliamentary ratification, with the lithium price collapse now further complicating its viability and the company's development timeline. Despite a recent price recovery, driven by normalizing global auto production, industry analysts remain cautious. While "EV-led demand growth remains strong, it continues to be overwhelmed by mine supply growth," said Tom Price, Panmure Liberum's head of commodities, noting that U.S. President Donald Trump's 25% tariff further dampened prospects. West Africa's relatively recent entry to lithium also means investors will prefer to stay in established markets when prices are weak, Price said. In its appeal to Ghanaian authorities, Atlantic Lithium said the project's internal rate of return has plunged from an initial 105% to just 13.6%. "Nobody is going to put their money in that. It should have been 30% to make sense," Adam explained. Government officials from Ghana's mining sector regulator and relevant ministries did not respond to requests for comment. CONCESSIONS SOUGHT The company is seeking several fiscal adjustments, including reducing royalty rates from 10% to 5% - matching Ghana's gold mining sector - or implementing a sliding scale tied to lithium prices. It also proposed revisions to the 32.5% corporate income tax rate and removal of import duties on capital equipment. Atlantic Lithium said it has spent $70 million since 2016 but was now facing "significant challenges" that risk stalling the project. The situation has forced the miner to dramatically scale back operations, dismissing 25 employees in October with plans to lay off approximately 50 more in May. "We will maintain only a skeletal team," Adam said. He said while parliamentary ratification remains critical, construction cannot begin without addressing the fiscal framework. "Even if we get ratification done, we can't get it off the ground." Adam concluded.
TimesLIVE
24-04-2025
- Business
- TimesLIVE
Atlantic Lithium seeks concessions to salvage Ghana project
Australia-based miner Atlantic Lithium says it has appealed to Ghana's government for fiscal concessions to salvage its Ewoyaa project, as plummeting global prices threaten the viability of what would be the West African nation's first lithium mine. "We have done the maths and it doesn't make sense at all," Ahmed-Salim Adam, Atlantic Lithium's general manager, told Reuters. "We have written to the minister of lands and natural resources for urgent help on the fiscals. If not, the project cannot proceed." Prices of the critical battery metal have tumbled more than 80% from peaks seen in November 2022, as a supply glut coincided with slower-than-expected electric vehicle adoption rates globally. Ghana, Africa's lead gold producer, granted the Australian miner a 15-year lease to establish the mine by late 2024, hoping to capitalise on the EV boom. The Ewoyaa project, with an estimated resource of 35-40 million tonnes of lithium-bearing ore, is positioned to become one of the top 10 global spodumene concentrate producers, according to Atlantic Lithium, making it a significant new supply source outside the industry-dominant markets of Australia, Chile and China.
Time of India
24-04-2025
- Business
- Time of India
Atlantic Lithium seeks concessions to salvage Ghana project
Australia-based miner Atlantic Lithium said it has appealed to Ghana's government for fiscal concessions to salvage its Ewoyaa project , as plummeting global prices threaten the viability of what would be the West African nation's first lithium mine. "We have done the maths and it doesn't make sense at all," Ahmed-Salim Adam, Atlantic Lithium's general manager, told Reuters. "We have written to the minister of lands and natural resources for urgent help on the fiscals. If not, the project cannot proceed," he added. Prices of the critical battery metal have tumbled more than 80% from peaks seen in November 2022, as a supply glut coincided with slower-than-expected electric vehicle adoption rates globally. Ghana, Africa's lead gold producer, granted the Australian miner a 15-year lease to establish the mine by late 2024, hoping to capitalize on the EV boom. The Ewoyaa project, with an estimated resource of 35-40 million tonnes of lithium-bearing ore, is positioned to become one of the top 10 global spodumene concentrate producers, according to Atlantic Lithium, making it a significant new supply source outside the industry-dominant markets of Australia, Chile and China. It is estimated to produce around 360,000 tons of lithium annually, which will be exported to the U.S. However, construction of the project stalled on delayed parliamentary ratification, with the lithium price collapse now further complicating its viability and the company's development timeline. Despite a recent price recovery, driven by normalizing global auto production, industry analysts remain cautious. While "EV-led demand growth remains strong, it continues to be overwhelmed by mine supply growth," said Tom Price, Panmure Liberum's head of commodities, noting that U.S. President Donald Trump's 25% tariff further dampened prospects. West Africa's relatively recent entry to lithium also means investors will prefer to stay in established markets when prices are weak, Price said. In its appeal to Ghanaian authorities, Atlantic Lithium said the project's internal rate of return has plunged from an initial 105% to just 13.6%. "Nobody is going to put their money in that. It should have been 30% to make sense," Adam explained. Government officials from Ghana's mining sector regulator and relevant ministries did not respond to requests for comment. CONCESSIONS SOUGHT The company is seeking several fiscal adjustments, including reducing royalty rates from 10% to 5% - matching Ghana's gold mining sector - or implementing a sliding scale tied to lithium prices. It also proposed revisions to the 32.5% corporate income tax rate and removal of import duties on capital equipment. Atlantic Lithium said it has spent $70 million since 2016 but was now facing "significant challenges" that risk stalling the project. The situation has forced the miner to dramatically scale back operations, dismissing 25 employees in October with plans to lay off approximately 50 more in May. "We will maintain only a skeletal team," Adam said. He said while parliamentary ratification remains critical, construction cannot begin without addressing the fiscal framework. "Even if we get ratification done, we can't get it off the ground." Adam concluded.
