James Heal 📈

$sgml - nothing beats putting your money where your mouth is. @Anacabralgardn1 @sigmalithium 'when you know you know!!!' 👏 👏 👏 🚀 📈 sigmalithiumcorp.com/a10-global-fun…

#lithium stock short interest data is out for mid May (more timely from me as feet back under the desk). Slight increase in SI across most names with the noticeable exception of $SGML where SI continued to collapse ahead of Q1 results - (interesting to see what the SI has done post the figs & continued FUD). Strikes me as a tricky market for shorts - couple of small cap bids ($A11 #ALL and $ZINN) vs equity calls to fund capex ($ELV & $SLM). Spending some time on solar high SI names $ENPH $SEDG $RUN etc.... o $ALB 9.1% vs 8.8% (mid may vs end Aprl) o $ELV 5.4% vs 5.3% o $LAC 10.4% vs 10.0% o $LAR 4.3% vs 3.5% o $LTR 2.3% vs 2.2% o $MIN 5.8% vs 5.7% o $PLS 6.8% vs 6.7% o $SGML 4.5% vs 5.3% o $SQM 1.1% vs 0.8%

#lithium stock short interest data for end of April is now available. Will try and update the data for mid May in a more timely fashion over the next few days as likely some changes to note. Noticeable decline at $SGML to 5.3% ahead of Q1 results & a chart break out and SI now at lowest level since April 2023 $LAC continues to creep higher & $ALB looking stubbornly high o $ALB 8.8% vs 8.9% (end April vs mid March) o $ELV 5.3% vs 5.6% o $LAC 10.0% vs 9.3% o $LAR 3.5% vs 3.9% o $LTR 2.2% vs 2.9% o $MIN 5.7% vs 6.1% o $PLS 6.7% vs 6.8% o $SGML 5.3% vs 9.2% o $SQM 0.8% vs 1.0%

$gln #lithium trading halted til 28/5 again on plant start up news:

$gln #lithium trading halt on plant start up!!!

@AtlanticLithSAG fancy hosting a spaces call with like minded holders to see if there is a way forward?

We are Atlantic Lithium Shareholders and we are passionate about extracting full value from our long term investment in the Ewoyaa project. We are equally committed to ensuring all Ghanaians share in the benefits of this globally significant Lithium project.

@AtlanticLithSAG #ALL $A11 @AtlanticLithium shareholder base looks sewn up... unless one of the ~1% holders below wants to lead the charge.

Admire your confidence 😃. A typical merger arb discount to an all cash offer would be ~5%. IMO #all discount is wider due to: 1. Multi jurisdiction al antitrust & foreign investment approvals, 2. Ghana regulatory waivers, 3. Corporate restructuring of the Ewoyaa operating subsidiary, 4. 75% shareholder vote threshold. Each one of those hurdles has added approx 2%pts to the discount. Which is at odds to @ALLTheChairman statement of "the most attractive, certain, and accelerated realisation of value". Market saying its not certain.

@GarethHughes7 @LithiumJW @WiseWordsMonos @AndyMac76631198 @Robin25461631 @marketsjoe @ShareScope @claudiohfox @Toro_AIM @Smudgedann @The_Bagman2 @Roysie12 @RussPalumbo @Lorian222 @AtlanticLithium @ElevraLithium @MrBreakouts @JohnSmi34926067 @jdsheal @JWilm0t @dwillis_fx Due to Atlantic Lithium & now $ELV cutting their own deals with Zhejiang Huayou Cobalt. It now appears unlikely that #ALL' 18.8p p/s TAKEunder will energise a counterbid of >20p There4 I'm confident that I can generate far >15% by trading my $ALL funds b4 this takeover concludes

My LT #investing portfolio hit a new record ATH✅ 🏋️My No.1 o/w #AZN w/ #dividends & buying on dips is a 29 bagger✅ ✅2 x 30 baggers ✅#ECOR #AAL TR🆙+185% +112% from 2025 lows ✅#VALT🆙+147% ✅#JUP 1yr🆙+139% inc dividends ✅65 takeover exits in 12 yrs open.spotify.com/show/2G8k3SUL7…

18.8p per share vs 16.2p today implies 16% discount to the bid price. Assume close at year end then equals a 27% annualised return between now and close. Market clearly thinks it doesn't close. But if it doesn't the $elv announcement today implies that #all have a partner that can and will fund their share of the capex. Plus highly unlikely outside chance of a counter bidder IMO. FWIW I 2x my position at 16p last week to capture some of the annualised return. Might be missing something 🤷 NFA.

@conkers3 @LithiumJW @WiseWordsMonos @AndyMac76631198 @Robin25461631 @marketsjoe @ShareScope @claudiohfox @Toro_AIM @Smudgedann @The_Bagman2 @Roysie12 @RussPalumbo @Lorian222 @AtlanticLithium @ElevraLithium @MrBreakouts @JohnSmi34926067 @jdsheal @JWilm0t @dwillis_fx Any reason for not waiting until the end?

@ALLTheChairman kindly explain why 18.8p is better than buying out $elv from the jv, signing an off take for half the capex, fresh equity for the other half, for a 'simple DMS process' with 'exceptional transport links' at the low end of the cost curve with exploration optionality creates value for long suffering shareholders when we have just entered a higher for longer #lithium price environment!!! Your minority shareholders deserve better.

Atlantic Lithium is pleased to announce it has entered into a binding Scheme Implementation Deed with Zhejiang Huayou Cobalt Co., Limited ("Huayou"), under which it is proposed that Huayou will acquire all of the issued shares in Atlantic Lithium by way of an Australian scheme of arrangement. Read in full: shorturl.at/pfC7J. #ALL #A11 $A11 #ALLGH #Lithium #Ghana #Mining

@Trisseswe @AtlanticLithium SP reaction seems to be suggesting that this one gets blocked - lots of regulatory approvals required - and we know how fast Ghana works. Hope I'm wrong and it flushes out a proper bid, but...

@jdsheal @AtlanticLithium Let’s see competing bids.

So $A11 #ALL @AtlanticLithium I've seen some sh1t deals in my time, but this one even surpasses the Arcadium/RIO sell out at the low point in the cycle. Even assuming shareholders had to fund 100% of the capex with fresh equity, it is IMO impossible to justify a sell out at the proposed Huayou valuation.

#lithium short interest data now available for mid April. Noticeable decreases at $LAR and $SGML, $PLS also lower vs $ALB slight increase. The short squeeze in $CAR might have forced some de-risking in other high SI names and feels like some short term positioning moves. IMO SI across the sector still well above a normalised level in a higher for longer #lithium price environment. o $ALB 8.9% vs 8.5% (mid april vs end march) o $ELV 5.6% vs 5.9% o $LAC 9.3% vs 9.5% o $LAR 3.9% vs 6.1% o $LTR 2.9% vs 2.6% o $MIN 6.1% vs 6.2% o $PLS 6.8% vs 7.1% o $SGML 9.2% vs 11.8% o $SQM 1.0% vs 0.9%

@Milinkoeterno Was not on my radar - will take a look at this.

ARGENTINA LITHIUM ENERGY $LIT.V The price of lithium is exploding, and for me, this is one of the most undervalued options the market has to offer. Market Cap : 10,6 M USD Price of share: 0.085 CAD Argentina Lithium Energy $LIT.V has 80% four lithium extraction projects in Argentina (20% Stellantis) The most developed project is Rincon West. Resources at Rincon West 238.000 T LCE M+ I (296 m/gl) 64.000 T LCE infered They are currently drilling to increase resources. To cover drilling costs, they recently raised US$4.4 million in the market. The placement was at CAD 0.12 per share plus one warrant per share with an exercise price of CAD 0.16. The Rincon West project is right next to a large Rio Tinto lithium project. In my opinion, once Rio Tinto spends hundreds of millions of dollars building the infrastructure, it's very likely they'll be interested in adding the tons of LCE from Rincon West to expand their project. STELLANTIS Stellantis acquired a 20% stake in Argentina's subsidiary, Lithium, for $90 million USD. This occurred in 2023, when the company's market capitalization was $20 million USD . The agreement with Lanshen 1. The objective: DLE Technology The agreement focuses on the Rincón West project (in the province of Salta). Unlike traditional evaporation methods, Lanshen contributes its Direct Lithium Extraction (DLE) technology. • Brine tests: Lanshen is conducting tests with samples from the Rincón Salt Flat to optimize the lithium recovery rate. • Pilot Plant: If the results are positive (something that is being evaluated in the first half of 2026), the next step is the installation of a pilot plant on site. 2. What does the Chinese company (Lanshen) contribute? Lanshen is not just a consultant; the agreement stipulates that they will provide: • The integrated pilot platform. • The engineering and process design packages. • The technical personnel and the budget for the equipment necessary to reach the feasibility study level. 3. Financing and Off-take The most interesting aspect for LIT.V investors is that the agreement leaves the door open for Lanshen to participate in the project's financing and secure production purchase agreements (off-take). This would complement the massive $90 million investment they already received from Stellantis last year. PEA The project's PEA is expected in the second half of the year. Based on current figures and without taking into account the tonnage that will be added after the current delidding is completed, the NPV of this project should exceed USD 1 billion. Conclusions: Dilutions will be necessary to move forward with the project, but a market cap of 1% above the estimated NPV seems attractive to me.(Market Cap 10,6 M USD - 80% property) I think that sooner or later Rio Tinto will look towards Rincon West. Once they've spent so much money on fixed infrastructure, the more tons of lithium they can process, the better. Demand for lithium continues to grow and this should boost lithium prices.

@Milinkoeterno Hard to get reliable data for .v stocks - but looks like the short interest is only 134.6k shares or 0.1% of the float. Will keep an eye on it.

@jdsheal Add $LIT.V to your list

Updated #lithium short interest data for end of Mar - while there are still any shorts left 🤣🤣🤣. If your #lithium short thesis is prices are lower for longer - you are going to get your face ripped off when the cycle turns. Just saying. $ALB +13%, $SGML +15%, $SQM +8% today at pixel time. Whilst I'm at it - congrats to $PLS on making a new ATH in 🇦🇺 overnight - goes to show what investing counter cyclically can do - grow vols into rising prices whilst others need years to catch up. Lesson for any budding #lithium CEOs out there -protecting your balance sheet through a down cycle and maintaining capex and opex discipline should imply you explode to the upside when the cycle turns up. Also, if Paul Graves is listening - you sold it at the low point in the cycle!!! A small increase in SI across the sector over the last 2 weeks of March - likely risk off war related. o $ALB 8.5% vs 8.0% (end mar vs mid mar) o $ELV 0.6% vs 2.0% (change of data source and might be inaccurate) o $LAC 9.6% vs 9.2% o $LAR 6.1% vs 4.5% o $LTR 2.6% VS 4.5% (change of data source as per $ELV) o $MIN 6.2% VS 6.3% o $PLS 7.4% vs 8.7% o $SGML 11.8% vs 11.8% (guess while waiting for Q4s) o $SQM 0.9% vs 0.8%

$SGML short interest still stubbornly high at end of Mar - likely before the double barrel they gave that week on the balance sheet. Share price low of ~$4.50 at end Jun 25 to $21 today and SI has only gone from 1.7% of the free float to 11.8%.

$lth.v Are you f'ing kidding. The last thing shareholders need is a committee to oversee comms. "The Board of Directors has established a Special Committee of independent directors to oversee the Company’s communications and disclosure in respect of this matter." As Dr Seuss said:

Just when you thought #lithium couldn't get any more interesting $lth.v gets suspended down 40% because the Ontario Securities Commission files an Enforcement Proceeding against $emo.v and 6 respondents. 👀 👀 👀

👏👏👏 $sgml @SigmaLithium @Anacabralgardn1 ir.sigmalithiumcorp.com/news-releases/