Atlantic Lithium
Atlantic Lithium Limited will appear before the Supreme Court of Western Australia on November 5, 2026, to seek approval to convene a shareholder meeting to vote on Zhejiang Huayou Cobalt Co.’s proposed US$210 million acquisition of the company.
The hearing is a key step towards securing shareholder approval for the proposed takeover, under which Huayou has offered to acquire all issued shares in Atlantic Lithium for US$0.25486 per share in cash.
The company disclosed the scheduled hearing in its quarterly activities and cash flow report for the period ended September 30, 2026.
The proposed acquisition remains subject to shareholder approval and other conditions. Atlantic Lithium’s board has unanimously recommended the deal, subject to there being no superior proposal and an independent expert concluding that it is in the best interests of shareholders.
