Atlantic Lithium (A11) is set to establish Ghana’s inaugural lithium mine, known as the Ewoyaa project. Despite reporting a $12.4 million loss for the fiscal year ending June 2024, Atlantic Lithium at the site. Under an agreement with Piedmont Lithium (PLL), they will fund nearly 70% of the $185 million needed for construction, as outlined in the 2023 feasibility study.

The First Steps in Ghana’s Lithium Mining

Atlantic Lithium secured a critical 15-year mining permit for Ewoyaa, pending ratification by Ghana’s parliament. Moreover, they completed vital permitting steps and obtained the environmental license for the project. A flotation study confirmed the potential of developing a downstream flotation circuit at Ewoyaa, enhancing its operational value.

Progress and the Road Ahead

Executive chairman Neil Herbert praised the progress achieved in the past year. Securing the mining lease is a significant milestone for the company and the country, with the expectation of parliamentary ratification soon.

Half of Ewoyaa’s lithium will be processed by a Piedmont refinery. Piedmont is a major stakeholder, owning 22.5% of Ghana’s key lithium projects, including Ewoyaa, and holds an option to acquire a 50% stake.

Atlantic aims to produce 3.6 million tonnes of spodumene concentrate over 12 years, positioning it as the world’s 10th-largest lithium project.

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