Atlantic Lithium approved to list on Ghana Stock Exchange

According
to
the
June
2023
definitive
feasibility
study
for
the
project,
Ewoyaa
is
expected
to
produce
a
steady
state
of
365,000
tonnes
of
spodumene
concentrate
per
annum,
making
it
one
of
the
largest
spodumene
mines
in
the
world.

Half
of
the
lithium
produced
at
Ewoyaa
will
be
sent
to
a
refinery
of
US-based
Piedmont
Lithium
(NASDAQ,
ASX:
PLL),
which
is
the
Australian
firm’s second-largest
shareholder
 and
has
agreed
to
provide
most
of
the
funds
for
building
the
mine.

In
October
2023,
Atlantic
Lithium
announced
that
Ghana’s
Minister
of
Lands
and
Natural
Resources
had
granted
a
mining
lease
for
the
project,
comprising
the
proposed
Ewoyaa
lithium
mine
and
processing
plant.

The
company
currently
awaits
parliamentary
ratification
of
the
mining
lease
and
has
stated
that
it
is
advancing
the
necessary
permitting
steps,
with
the
intention
of
breaking
ground
at
Ewoyaa
in
the
second
half
of
2024.

The
project
is
set
to
achieve
nameplate
capacity
in
2026.

Shares
of
Atlantic
Lithium
rose
3.4%
by
3
p.m.
BST.
The
lithium
developer
has
a
market
capitalization
of
£$134
million
($167
million).

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