The Board of Atlantic Lithium Limited, the Africa-focused lithium exploration and development company targeting the delivery of Ghana’s first lithium mine, says it remains steadfast in its commitment to progressing the Ewoyaa project to production despite the challenging global lithium market.
According to the company, it is working closely with the Government of Ghana and local communities to deliver the lithium project, which is located at Ewoyaa, about 130 kilometres south of the capital, Accra.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said: “We are dedicated to working in a spirit of partnership with the Government of Ghana and our host communities to ensure Ewoyaa becomes a flagship project for the country and the region.
While current lithium prices present headwinds, we believe that through collaboration and prudent fiscal measures, we can advance Ewoyaa to production and deliver lasting value for all stakeholders.”
The Board said it acknowledged the recent media coverage regarding its appeal to the Ghanaian Government for fiscal concessions to ensure the successful development of the Ewoyaa Lithium Project, Ghana’s first lithium-producing mine.
Since the Ewoyaa Mining Lease was granted in October 2023, lithium prices have declined significantly.
Accordingly, the company has engaged key stakeholders, including government representatives, to discuss fiscal terms that reflect the current lithium price environment. Discussions remain ongoing.
The company continues to engage in constructive discussions with all stakeholders to ensure that the project delivers long-term benefits for Ghana, including critical revenues, local employment and skills development.
