Thanks mate. The recent $103M USD funding package by Piedmont in...

Thanks mate.

The recent $103M USD funding package by Piedmont in Atlantic Lithium has three stages.

First stage ($16M USD) is complete and gives Piedmont 10% equity in Atlantic Lithium as you mentioned.

Second stage ($17M USD) will be completed around mid 2023 (following the DFS) and will give Piedmont 22.5% earn-in to Atlantic's Ghana portfolio, including Ewoyaa.

Third and final stage ($70M USD) will occur once positive FID is made and will give Piedmont another 27.5% earn-in (ie. 50% total ownership). The $70M USD from Piedmont will help fund some of the project CAPEX to develop Ewoyaa.

I've captured Piedmont's future 50% ownership in Ewoyaa in the table given this is what Atlantic has committed to. I've also captured the full $103M USD funding in the EV calculation. Hope that makes sense.