Atlantic Lithium (ALL) AI Stock Analysis

• Market Cap: £71.11M
• Dividend Yield: N/A
• Average Volume (3M): 1.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: N/A
• EPS Growth: 54.72%
• Country: UK
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 748,525,600
• 10 Day Avg. Volume: 1,785,114
• 30 Day Avg. Volume: 1,696,091
• PEG Ratio: 0.29
• Price to Book (P/B): 2.41
• Price to Sales (P/S): 9223.05
• P/FCF Ratio: -4.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £11.96
• Price Target Upside: 20.32% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: 10.50p ▲(5.63% Upside)

Atlantic Lithium's overall stock score reflects a mix of financial challenges and positive corporate developments. The company's financial performance is weak, with significant losses and cash flow issues. However, technical indicators show some positive momentum, and recent corporate events suggest potential for future growth. Valuation remains a concern due to negative earnings and lack of dividends.

Positive Factors

Strategic Partnerships

Strategic partnerships can provide Atlantic Lithium with enhanced operational capabilities, access to new markets, and shared expertise, which are crucial for scaling operations and improving efficiency in the long term.

Low Leverage

A low leverage ratio indicates financial stability and flexibility, allowing Atlantic Lithium to potentially secure additional financing for growth without overburdening its balance sheet.

Positive Free Cash Flow Growth

The positive growth in free cash flow suggests improving cash generation capabilities, which can support reinvestment in projects and reduce reliance on external funding over time.

Negative Factors

Negative Margins

Deeply negative profit margins indicate severe profitability issues, which could hinder Atlantic Lithium's ability to sustain operations and invest in growth without strategic changes.

Declining Revenue

A drastic decline in revenue suggests challenges in market demand or operational execution, potentially impacting long-term viability unless addressed.

Negative Cash Flow Management

Negative cash flow management indicates operational inefficiencies, which can strain financial resources and limit the company's ability to fund future projects or manage debts effectively.

Atlantic Lithium Business Overview & Revenue Model

Company Description

Atlantic Lithium Limited explores for and develops mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It also holds interest in a lithium property covering an area of 1,172 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.

How the Company Makes Money

Atlantic Lithium generates revenue primarily through the exploration, development, and eventual production of lithium concentrate. The company’s revenue model is centered on the sale of spodumene concentrate to battery manufacturers and electric vehicle producers as demand for lithium continues to rise. Key revenue streams include direct sales agreements with customers, potential off-take agreements that secure future sales, and partnerships with other mining companies and stakeholders in the lithium supply chain. Significant factors contributing to its earnings include the increasing global demand for lithium due to the electric vehicle boom, strategic partnerships that enhance operational capabilities, and favorable government policies promoting mineral extraction in the regions where it operates.

Atlantic Lithium Financial Statement Overview

Summary

Atlantic Lithium faces substantial financial challenges with significant losses and negative cash flows. The income statement shows drastic revenue decline and negative margins, while the balance sheet indicates low leverage but inefficiencies in generating returns. Cash flow management remains a concern despite some positive growth in free cash flow.

Income Statement

Atlantic Lithium's income statement shows significant challenges with negative margins across the board. The company has experienced a drastic decline in revenue, with a revenue growth rate of -98.66%. The net profit margin is deeply negative at -619.43%, indicating substantial losses relative to revenue. These figures suggest severe profitability issues and a need for strategic changes to improve financial performance.

Balance Sheet

The balance sheet reflects a relatively stable financial structure with a low debt-to-equity ratio of 0.0043, indicating minimal leverage. However, the return on equity is negative at -16.20%, highlighting inefficiencies in generating returns for shareholders. The equity ratio is not explicitly calculated, but the company's equity position appears strong relative to its assets, suggesting some stability despite ongoing losses.

Cash Flow

Cash flow analysis reveals significant negative free cash flow, though there is a positive growth rate of 34.23% in free cash flow. The operating cash flow to net income ratio is negative, indicating operational challenges in generating cash. The free cash flow to net income ratio is high at 4.97, suggesting that while the company is generating some cash relative to its net losses, overall cash flow management remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	693.86K	10.64K	717.86K	0.00	0.00	0.00
Gross Profit	693.86K	-109.88K	717.86K	-27.93K	-16.83K	-12.02K
EBITDA	-5.75M	-6.15M	-12.17M	-12.26M	-33.39M	-4.04M
Net Income	-6.59M	-6.59M	-12.48M	-12.99M	-34.65M	-4.90M
Balance Sheet
Total Assets	44.48M	44.48M	41.19M	36.69M	39.13M	72.19M
Cash, Cash Equivalents and Short-Term Investments	5.39M	5.39M	12.68M	15.31M	23.88M	19.14M
Total Debt	176.25K	176.25K	611.35K	0.00	0.00	0.00
Total Liabilities	3.78M	3.78M	5.74M	6.54M	4.35M	3.95M
Stockholders Equity	40.70M	40.70M	35.45M	30.15M	34.78M	68.24M
Cash Flow
Free Cash Flow	-24.01M	-24.45M	-34.16M	-28.85M	-10.60M	-17.41M
Operating Cash Flow	-4.64M	-4.92M	-9.14M	-6.96M	-5.38M	-2.86M
Investing Cash Flow	-13.67M	-12.57M	-8.39M	-4.47M	-12.66M	-14.65M
Financing Cash Flow	15.04M	10.02M	15.05M	2.88M	23.49M	28.76M

Atlantic Lithium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ALL, the sentiment is Positive. The current price of 9.94 is below the 20-day moving average (MA) of 10.00, above the 50-day MA of 9.37, and above the 200-day MA of 8.20, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 51.34 is Neutral, neither overbought nor oversold. The STOCH value of 6.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ALL.

Atlantic Lithium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALL	58 Neutral	£71.11M	-19.79	-17.14%	―	―	54.72%
KOD	48 Neutral	£49.48M	-4.88	-21.41%	―	―	-133.33%
ZNWD	41 Neutral	£32.54M	-10.91	-7.78%	―	―	-19.57%

Atlantic Lithium Corporate Events

Atlantic Lithium Advances with Successful EGM Resolutions

Atlantic Lithium announced that all resolutions at their Extraordinary General Meeting were passed, marking a significant step forward for the company. This development supports their strategic goal of advancing the Ewoyaa Lithium Project in Ghana, potentially enhancing their position in the lithium market and benefiting stakeholders by progressing towards production.

Atlantic Lithium Advances Ewoyaa Project with New Agreements and Exploration Success

Atlantic Lithium has concluded negotiations with the Government of Ghana on revised fiscal terms for the Ewoyaa Mining Lease, awaiting parliamentary ratification as the final step in the permitting process. The company also reported promising lithium exploration results from its Côte d’Ivoire licenses and secured up to £28m in financing to advance the Ewoyaa project, which is poised to become Ghana’s first lithium mine. These developments are expected to enhance the company’s operational capabilities and long-term growth prospects, benefiting both shareholders and local stakeholders.

Atlantic Lithium Announces Virtual AGM Amidst Progress on Ghana’s First Lithium Mine

Atlantic Lithium Limited has announced that its Annual General Meeting will be held online on 27 November 2025. This meeting is significant for stakeholders as it provides an opportunity to discuss the company’s progress, including the development of the Ewoyaa Lithium Project, which has received various permits and is moving towards production. The virtual format allows broader participation from shareholders, reflecting the company’s commitment to transparency and stakeholder engagement.

Atlantic Lithium Announces EGM to Discuss Financing Resolutions

Atlantic Lithium Limited has announced an Extraordinary General Meeting (EGM) scheduled for November 6, 2025, to discuss several resolutions related to its financing arrangements. The meeting will address the ratification of shares and approval of warrants under agreements with Long State Investments. The company’s largest shareholder, Assore International Holdings Limited, intends to support the resolutions, indicating strong shareholder backing for the company’s strategic financial moves.

Atlantic Lithium Advances Ewoyaa Project with Key Approvals and Funding

Atlantic Lithium has made significant progress in advancing its Ewoyaa Lithium Project in Ghana, having secured critical regulatory approvals, including the Mine Operating Permit and environmental and land use permits. The company is now awaiting the parliamentary ratification of the Mining Lease, which is the final step in the permitting process. Additionally, Atlantic Lithium has secured up to £28 million in funding from Long State Investments, which will support the project’s development. The company has also implemented cost-saving measures to focus resources on the Ewoyaa Project, despite challenges posed by a weakened lithium market. These developments position Atlantic Lithium favorably for future growth and stakeholder value creation.