Atlas Copco Group launched a new identity, including a new Group logo, a new visual identity, and a new Group message: Technology that transforms the future.

The current blue and white Atlas Copco brand and logo will continue to be used on products and services, in the same way as other brands in the Group use their respective logos. This includes around 50 brands such as Edwards, Isra, Leybold, LEWA and Chicago Pneumatic, which all have their distinct identity and unique value proposition.

“We have many strong brands driving the success of our business, and decentralization remains an important part of our strategy,” said Mats Rahmström, President and CEO of the Atlas Copco Group. “Going forward, the new Atlas Copco Group brand becomes the umbrella for all brands in the Group, including Atlas Copco. This will enable our brands to maintain their individuality, while we at the same time can increase the focus on the power of being part of something bigger.”

The new Group message: “Technology that transforms the future,” is there to reflect the Group’s contribution to society at large.

“Our customers are often at the forefront of transforming their industries and driving development forward, and we support them by increasing their productivity, safety, quality, and energy efficiency,” said Mats Rahmström. “It is our technology and people who make the difference in the Atlas Copco Group.”

Atlantic Lithium Ltd., the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, announces that on 7 November 2023, the Company’s major shareholder Assore International Holdings Ltd. presented a conditional and non-binding offer (“NBIO”) to acquire all of the shares in the Company that it does not already own, pursuant to a scheme of arrangement, at an offer price of £0.33 per share (A$0.63).

Following careful consideration, the NBIO was rejected by the Atlantic Lithium independent board committee, which was established to consider the approach from Assore. The NBIO follows an earlier approach from Assore on 2 October 2023 at an identical offer price of £0.33 per share (A$0.63; “Prior NBIO”), that was similarly rejected by the Atlantic IBC.

Shareholders of the Company do not need to take any action in respect of the NBIO or the Prior NBIO.

Rejected offer not considered to be in the best interests of Shareholders

The Atlantic IBC and its advisers gave careful consideration to both the NBIO and Prior NBIO, and determined in each instance that it undervalued Atlantic Lithium and, therefore, was not in the best interests of shareholders, having regard to the near-term producer status of the project, the status of the pending investment from the Minerals Income Investment Fund and the positive near-term outlook for lithium project developers.

Conditions of the rejected NBIOs

The NBIO and Prior NBIO were both subject to a number of conditions before they would become binding, including the Atlantic Lithium board unanimously recommending the offer, providing exclusive due diligence to Assore’s satisfaction, Foreign Investment Review Board approval and entry into a definitive and mutually acceptable scheme implementation agreement.

Market cleansing

In order for the Company to cleanse the market ahead of a proposed issue of equity interests to the Minerals Income Investment Fund, as well as other potential equity issues to satisfy existing employee performance plans, Atlantic Lithium is making this announcement to provide details of the approaches received and rejected by the Atlantic IBC. Atlantic Lithium advises that the relationship with Assore remains supportive and constructive.

There is no certainty that a further proposal will be received (from Assore or any other third party) and shareholders are cautioned not to place undue reliance upon such a proposal emerging. The Company remains focused on progressing its activities to maximise value for all shareholders.

The Company will continue to keep the market informed of any material developments in accordance with its continuous disclosure requirements.

The Atlantic IBC appointed Canaccord Genuity Limited (Australia and UK) as its financial adviser and HopgoodGanim Lawyers as its legal adviser.

“Assore, a major African mining company, has been a leading investor and key contributor to the Company’s success since its listing in London in 2015. We look forward to maintaining our strong relationship with Assore as we progress Ewoyaa towards production.” Neil Herbert, Executive Chairman of Atlantic Lithium

Atlantic Lithium Ltd., the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce that the Company’s wholly-owned Ghanaian subsidiary Green Metals Resources Ltd. has been granted the Bewadze and Senya Beraku prospecting licences in the eastern portion of the Company’s Cape Coast Lithium Portfolio in Ghana, which holds the flagship Ewoyaa Lithium Project.

The award of the Bewadze and Senya Beraku prospecting licences provides the Company exclusive access to explore new, undrilled tenure, offering significant potential to further enhance the Project and demonstrating the Government of Ghana’s desire to support the Company in its exploration efforts to deliver successful, long-term lithium production in Ghana following the recent grant of the Mining Lease for the Project.

Neil Herbert, Executive Chairman of Atlantic Lithium, said: 

“The grant of the Bewadze and Senya Beraku prospecting licences offers Atlantic Lithium the opportunity to apply its proven exploration strategy over a new significantly underexplored tenure package within its Cape Coast Lithium Portfolio in Ghana. Since we initiated exploration activities in Ghana, we have always bookmarked Bewadze, in particular, to be highly prospective for lithium discovery.

“The licence sits along strike and within only 300m of the historic Egyasimanku Hill occurrence where spodumene pegmatites have been observed. This, when considered alongside the radiometrics anomaly that runs into the licence, offers encouraging potential for mineralisation. With little modern exploration carried out across the licence to date, we are eager to get on the ground and commence an extensive work programme.

“Both Bewadze and Senya Beraku also benefit from exceptional existing infrastructure, including operational high-voltage transmission lines and the adjacent N1 highway, providing direct access to the Company’s Ewoyaa Lithium Project.

“No previous exploration has been completed at Senya Beraku, where north-east trending younger granitoids intrude gneisses and biotite schists in a similar orientation to the Egyasimanku Hill spodumene pegmatite occurrence, located within 20km of the licence.

“Subject to the success of our exploration efforts, we hope that we will be able to incorporate the licences into the Project footprint to further enhance the economics of the Project.

“We believe that the grant of the licences serves as the latest indication of the Government’s strong underlying support for the Ewoyaa Project and for the Company as its partner of choice in its ambitions of delivering long-term lithium production in Ghana. We have a number of licences still under application and hope that we see these granted in the near term, which will further assist us as we look to grow the current Resource at Ewoyaa.

“We look forward to providing further updates in due course.”

Bewadze Licence

The Company’s wholly-owned Ghanaian subsidiary Green Metals Resources Limited (“GMR”) has been granted the Bewadze prospecting licence, providing the Company with exclusive access to explore 9.93km² of highly prospective tenure for a period of three years.

The licence is located 5km as the crow flies from the town of Winneba in Ghana’s Central Region, directly adjacent to the Egyasimanku Hill occurrence, held by the Obotan Minerals JV within the Mankwadzi licence application, where coarse spodumene pegmatites have been observed and where historic trenching and drilling was completed by the Ghana Geological Survey during the 1970s (refer Figure 1, Figure 2, Figure 3, Figure 4 and announcement of 14 June 2017).

No modern-day exploration has been carried out across the Bewadze licence to date, offering significant potential exploration upside within a favourable geological setting of mafic schists in contact with granitoids and known spodumene pegmatites 300m along strike to the west.

Previously completed soil geochemistry and airborne radiometrics by the Company over the Apam East licence and Mankwadzi application directly to the west, highlight a coincident north-east trending rubidium in soils with potassium radiometrics anomaly that is indicative of fractionated granitoids and/or pegmatite trends. The radiometrics anomaly continues onto the newly-granted Bewadze licence which, along with the spodumene pegmatites observed at Egyasimanku Hill and soil sampling that terminates at the licence boundary, indicate the highly prospective nature of the Bewadze licence.

Additionally, the flat terrain that extends across the Bewadze licence moving north-eastward is interpreted as thin cover which could subdue the radiometrics response and, therefore, is prospective for potential extensions of the Egyasimanku Hill pegmatites in this area (refer Figure 2).

Madison Metals Inc. is pleased to announce the renewal of Exclusive Prospecting License 7011 (“EPL-7011”) in the Madison North project area, adjacent to the globally acclaimed Rössing Uranium Mine in the renowned Erongo uranium province of Namibia, Africa. This renewal is significant for Madison’s portfolio as the Company holds an 85% interest in EPL-7011 and it is located in a well-known uranium belt.

“EPL-7011 bolsters Madison’s strategic land positioning and there is an NI 43-101 technical report, affirming the license’s potential for uranium deposits,” says Duane Parnham, Executive Chairman and CEO of Madison Metals. “This report, alongside the renewal and the previously obtained Environmental Clearance Certificate, underlines Madison’s commitment to responsible exploration and development.”

Emphasizing the importance of this renewal, Parnham adds: “The strategic renewal of EPL-7011, supported by an NI 43-101 technical report, aligns with our focused approach in maintaining and expanding our presence in this uranium-rich area. Our current efforts are centred on strategic exploration and drilling for potential deposit expansions on adjoining concessions.”

Madison Metals continues its prudent approach, ensuring exploration and development activities are aligned with environmental stewardship and stakeholder value. The Company is dedicated to strategically advancing its uranium assets with a keen eye on creating shareholder value through judicious and environmentally conscious exploration activities.

The renewal of EPL-7011 follows the successful transfer of Exclusive Prospecting Licences 8531 (“EPL-8531”) and 8115 (“EPL-8115”) to PennyWort Investments (Pty) Ltd, which is majority-owned by Madison (85%) with the Company’s Namibian partners (15%). Please refer to Madison’s news release dated June 6, 2023 announcing the EPL-8531 and EPL-8115 license transfers.

Galp, a Portuguese energy corporation, awarded Fugro a contract to conduct an environmental and geophysical survey offshore Namibia. Known for its remote location, challenging conditions and ultra-deep water, this site is key to future energy operations in the region. Fugro’s advanced technology and expertise in marine geophysical and environmental surveys ensured efficient and accurate data collection, enabling Galp to make informed decisions for safe energy operations in the region.

With fieldwork completed earlier this month, the survey reached depths of 2000 metres. The Fugro Venturer, a geophysical vessel, collected sediment samples for environmental and chemical analysis before an autonomous underwater vehicle (AUV) captured seabed video footage. Additionally, Fugro acquired in situ full ocean depth water profiles and water samples to measure the current biodiversity. The Geo-data collected through this survey will support the identification of potentially sensitive habitats, advance knowledge of remote seamounts, and contribute to informed project planning and resource management.

Furthermore, the geophysical survey will provide insights into the underwater landscape, ensuring the safe movement and operation of offshore assets within the designated area.

Rob Hawkins, Fugro’s Commercial Director for Africa said: “Our expertise in deep-water surveying and identifying protected habitats supports sustainable and efficient offshore energy developments while minimising negative impacts on the marine environment. Fugro remains committed to the preservation of the environment, and this survey is an essential step towards achieving this goal.”

Ivanhoe Mines‘ President Marna Cloete and Chief Financial Officer David van Heerden are pleased to present the company’s financial results for the three and nine months ended September 30, 2023. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo (DRC); building the tier-one Platreef palladium, nickel, platinum, rhodium, copper and gold development in South Africa; restarting the historic, ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC; as well as exploring the expansive exploration licences of Ivanhoe’s Western Foreland for copper discoveries adjacent to Kamoa-Kakula. All figures are in U.S. dollars unless otherwise stated.

Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented:

“Kamoa-Kakula continues its industry-leading development and operating performance with copper production and costs remaining solidly within our annual guidance ranges… an increasing rarity in our business, where many of our peers are being plagued by cost over-runs and production shortfalls. With the Phase 3 concentrator expansion now well ahead of schedule, our teams are striving to further expedite copper production ramp-up into the second half of 2024, en route to becoming the world’s third-largest, lowest-carbon emitting copper complex by 2027.

“And this is only the beginning for a copper district with a multi-generational lifespan that will benefit the Congolese people, our partners, and our shareholders for many decades to come. We are particularly excited to provide, very soon, updates on our extensive exploration activities across Ivanhoe’s district-scale Western Foreland Exploration Project surrounding our 400-square-kilometre Kamoa-Kakula mining licenses. The Western Forelands, soon to be serviced by the new Lobito railway corridor, is without a doubt the best copper hunting ground on our planet. As we will soon demonstrate, there are vast opportunities to further expand high-grade, ultra-low-emissions copper production across this tier-one copper-mineralized basin, endowed with the world’s best copper deposits.

“Finally, our track record of operational excellence is continuing with the successful development of the Kipushi zinc-copper-silver mine, which is well ahead of schedule. Kipushi will also be powered by the Congo’s green hydropower grid. With the Platreef PGM-nickel-copper mine in South Africa also on track for production next year, Ivanhoe Mines has two additional world-class ore bodies spanning many critical strategic minerals, including zinc, platinum, palladium, nickel, rhodium, copper, and potentially gallium and germanium.”