Highlights from the Reporting Period:
Project Development:
Exploration:
Corporate:
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
“Considerable progress has been made towards advancing the Company’s flagship Ewoyaa Lithium Project towards shovel-readiness. The Project is set to be one of the leading hard rock lithium projects, expected to generate significant benefits to the local communities in which we operate in the Central Region, and to Ghana more broadly.
“Following the grant of the Mining Lease in October 2023, we received notification this month that the Mining Lease had been submitted to parliament to undergo the necessary approval process to enable the advancement of the Project towards construction and operation.
“It is expected that the Mining Lease will be ratified in the current parliamentary sitting or in the next parliamentary session, expected to commence in October. We are prepared for all eventualities and will adapt plans as events unfold.
“We continue to make strong progress through permitting hurdles, with the recent submission of the draft Environment Impact Statement and subsequent completion of the second and final EPA public hearing in respect of the Project; both representing major events on the road to production.
“In June, we were delighted to list the Company’s shares on the Ghana Stock Exchange, providing Ghanaians the opportunity to share ownership in the development of the country’s first lithium mine. We also welcomed the appointment of Edward Koranteng, the CEO of MIIF, the sovereign wealth fund of Ghana, to the Company’s Board as Non-Executive Director. This follows the completion of MIIF’s US$5m subscription in the Company early in the year.
“We are busy working to conclude several major landmark events, including the completion of the ongoing offiake partnering process, MIIF’s Project-level investment and the grant of the remaining permits as required for the advancement of the Project.
“We appreciate shareholders patience and support and look forward to providing further updates on our progress.”
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