Atlantic Lithium Says FIRB Approves Proposed Sale of Firm to Zhejiang Huayou Cobalt; Shares Up 5%

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Atlantic Lithium (ASX:A11) said Australia's Foreign Investment Review Board (FIRB) approved the proposed acquisition of Atlantic Lithium by Zhejiang Huayou Cobalt, or a wholly-owned unit nominee of Zhejiang Huayou, by way of a scheme of arrangement, according to a Thursday Australian bourse filing.

Zhejiang Huayou informed the firm that the Australian Treasury provided written notification that the Australian government had no objection to the scheme.

The scheme remains subject to other approvals, including an approval by a majority of Atlantic Lithium shareholders at the scheme meeting expected to be held in November as well as approval by the Supreme Court of Western Australia. Implementation of the scheme is expected to occur in December.

Atlantic's shares rose past 5% in recent trading on Thursday.

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Implementation of the scheme is expected to occur in December.</p><p>Atlantic's shares rose past 5% in recent trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Atlantic Lithium Says FIRB Approves Proposed Sale of Firm to Zhejiang Huayou Cobalt; Shares Up 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAtlantic Lithium Says FIRB Approves Proposed Sale of Firm to Zhejiang Huayou Cobalt; Shares Up 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-17 09:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/ALLIF\">Atlantic Lithium</a> (ASX:A11) said Australia's Foreign Investment Review Board (FIRB) approved the proposed acquisition of <a href=\"https://laohu8.com/S/A11.AU\">Atlantic Lithium</a> by <a href=\"https://laohu8.com/S/603799\">Zhejiang Huayou Cobalt</a>, or a wholly-owned unit nominee of Zhejiang Huayou, by way of a scheme of arrangement, according to a Thursday Australian bourse filing.</p><p>Zhejiang Huayou informed the firm that the Australian Treasury provided written notification that the Australian government had no objection to the scheme.</p><p>The scheme remains subject to other approvals, including an approval by a majority of Atlantic Lithium shareholders at the scheme meeting expected to be held in November as well as approval by the Supreme Court of <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>. Implementation of the scheme is expected to occur in December.</p><p>Atlantic's shares rose past 5% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GEAR.AU","symbol_name":"BETASHARES GEARED AUS EQTY F","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2668937949","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2668937949","pubTimestamp":1789608633,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Implementation of the scheme is expected to occur in December.Atlantic's shares rose past 5% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}