Atlantic Lithium readies to list on Ghana Stock Exchange

Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) finance director Amanda Harsas visits Proactive’s virtual studio to announce the company has been approved to list on the Ghana Stock Exchange. While the listing date is yet to be disclosed, Harsas says the green light is a significant milestone in the company’s journey to operate Ghana’s first lithium mine. The lithium stock, which is focused on its Ewoyaa Lithium Project in Ghana's Central Region, anticipates producing 365,000 tonnes of spodumene concentrate annually, positioning it among the largest spodumene mines globally. Recently, the Ghanaian Minister of Lands and Natural Resources granted a mining lease for the project, facilitating its progression to commercial production. Additionally, the company welcomed a major investment from Ghana’s mineral sovereign wealth fund (MIIF), which acquired a significant stake through a US$5m share subscription. This investment is part of a broader US$32.9m funding commitment from MIIF, underscoring strong government support. Harsas characterises the listing as part of Atlantic Lithium’s strategy to broaden its investor base and enhance visibility. It aims to foster wealth creation in Ghana, enhancing the economic impact on local communities and stakeholders. The company, operational in Ghana since 2016, has established itself as a significant local employer and taxpayer, with a fully Ghanaian in-country team. The company expects to start construction at Ewoyaa in the second half of 2024 and reach full production capacity by 2026.