Atlantic Lithium

Atlantic Lithium Launches A$9m Placing to Fund Ghana’s First Lithium Mine Atlantic Lithium, the Africa-focused mining company, has launched a A$9 million (£4.6m) equity placing to advance its flagship Ewoyaa Lithium Project in Ghana, marking a crucial step towards delivering the country’s first lithium mine. The ASX and AIM-listed company announced the institutional placement at A$0.23 per share, representing an 11.5% discount to its last closing price. The company has secured strong backing from its largest shareholder, Assore International Holdings, which has committed up to US$5 million to the raise. The fundraising comes at a pivotal moment for Atlantic Lithium,…

Atlantic Lithium has suspended operations at its Ewoyaa lithium project in the Central Region following a fatal accident earlier this week. The Australian company has reported that authorities have been notified, and an investigation is underway to determine the circumstances surrounding the incident. The Ewoyaa project, which received a 15-year permit in October last year, is poised to become Ghana’s first lithium operation. Half of the lithium produced at Ewoyaa will be processed at a refinery owned by US-based Piedmont Lithium, Atlantic’s second-largest shareholder, which has committed to funding most of the mine’s construction. Atlantic plans to produce a total…

Atlantic Lithium is optimistic of employing about 900 workers when full production commences at its Ewoyaa project in the Central Region of Ghana. Lithium is one of the main minerals used in the production of lithium-ion batteries, which is being promoted as a substitute for fossil fuels, as the world continues to battle with climate change. The Australia-based Atlantic Lithium on Thursday (19 October) secured a 15- year mining lease from the government of Ghana after meeting all the necessary requirements. Speaking in an exclusive interview with ghectractives.com, Country Manager of Atlantic Lithium, Abdul-Razak Shaibu Ballah was optimistic the employment…