By: African mining market

Atlantic Lithium Ltd. says it remains confident it will secure final approval for its Ewoyaa mining lease in Ghana, after the country’s Lands Minister confirmed revised terms are being reviewed by Cabinet.

Parliamentary ratification is the last step in the permitting process for what would become the country’s first lithium mine.

The minister, Emmanuel Armah-Kofi Buah, told MPs the project had strong local backing and significant potential to create jobs and boost the economy.

Atlantic has already secured all other regulatory approvals and says it is supporting the ratification process while working to finalise financing for the mine.

CEO Keith Muller said: “We remain actively engaged in discussions with relevant stakeholders in Ghana to consider a revision of the fiscal terms of the Ewoyaa Mining Lease that were initially agreed in October 2023 and welcome the recent comments made by the Hon. Minister of Lands and Natural Resources regarding the project’s latest progress.

“Having seen a significant shift in the lithium price environment since the mining lease was granted, we are seeking terms that reflect prevailing market conditions and that ensure the project can deliver value for shareholders and the generational benefits that Ewoyaa promises for Ghana and Ghanaians, including significant job creation and socio-economic development of the project’s catchment area in the Central Region.”

Further updates will follow in due course.