Atlantic Lithium Advances Ratification of Ewoyaa Mining Lease in Ghana

An update from Atlantic Lithium ( (GB:ALL) ) is now available.

Atlantic Lithium has submitted a revised mining lease for its flagship Ewoyaa Lithium Project in Ghana to the country’s Parliament, where it has been referred to the Select Committee for review and ratification once Parliament reconvenes in the new year. The updated lease aligns the project’s royalty rate and Growth and Sustainability Levy with Ghana’s current mining code, including a proposed sliding-scale royalty framework for lithium based on spodumene prices, while leaving other fiscal terms unchanged; the company says it remains confident of ratification but cautions that both the legislative terms and parliamentary approval are not guaranteed, a key factor for shareholders and the timing of Ghana’s first lithium mine.

More about Atlantic Lithium

Atlantic Lithium is an Africa-focused lithium exploration and development company listed on AIM, ASX and the Ghana Stock Exchange, advancing the Ewoyaa Lithium Project in Ghana as the country’s first lithium-producing mine. The flagship Ewoyaa project, a lithium spodumene pegmatite discovery supported by a definitive feasibility study, already holds key permits including a mining lease, environmental permit and mine operating permit, and sits within a broader portfolio of largely under-explored lithium licences across Ghana and Côte d’Ivoire.

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