shares in atlantic lithium ltd rose thursday upon its restoration to trading on the london stock exchange and after the company rejected all allegations in a shortseller report issued by activist investment firm blue orca capital on wednesday shares at 0927 gmt were up 63 pence or 28 at 289 pence the africafocused lithium exploration and development companys shares fell 40 on wednesday evening and it requested a temporary suspension following the publication of the report alleging payments to the immediate family of a highlevel politician in ghana in return for mining licenses the report was focused on piedmont lithium inc which invested more than 100 million in atlantic to secure highpurity lithium ore from atlantics ghana mine blue orca said in the report that it doesnt believe authorities in ghanaincluding the parliamentwill ratify atlantics mining licenses tainted by corruption atlantic said it holds valid prospecting licenses with operating permits for all of its current activities which were acquired in accordance with the ghanaian government and the minerals commission of ghanas requirements atlantic said all allegations have been taken seriously and are ungrounded and it will seek legal advice to address the claims made the report is clearly intended to benefit blue orca capital which in the report itself has disclosed that it is short selling and stands to profit in the event that the stock price of piedmont lithium inc declines the company said blue orca wasnt immediately available when contacted for comment