Atlantic Lithium given the go-ahead to list on Ghana exchange

2nd May 2024 By: Creamer Media Reporter

Atlantic Lithium given the go-ahead to list on Ghana exchange

Photo by: Atlantic Lithium

Africa-focused lithium exploration and development company Atlantic Lithium has received approval from the Ghana Stock Exchange's (GSE's) listing committee and Ghana's Securities and Exchange Commission to list the company's ordinary shares on the main market of the GSE at a yet-to-be-announced date.

The Aim- and ASX-listed company says admission to trading on the GSE reflects Ghana's pioneering approach to establishing a route to the long-term supply of lithium to support the electrification transition and to meet global climate change objectives.

Atlantic is advancing its flagship Ewoyaa lithium project – a hard-rock spodumene deposit in Ghana's central region – towards production as the country's first lithium mine. The project is expected to produce 365 000 t/y of spodumene concentrate at steady-state.

"As the first lithium company to commence trading on the GSE, Atlantic's admission represents a new chapter in the country's esteemed mining history. By offering Atlantic shares on the GSE, we aim to maximise local participation in the project and more closely align our Ghanaian stakeholders with the long-term success of the company.

"In addition, we believe we provide the opportunity for Ghanaian investors to contribute towards and share ownership in the advancement of Ghana's first lithium mine and the emergence of its promising green minerals industry," comments Atlantic chairperson Neil Herbert.

He adds that the GSE listing comes at an exciting juncture in the development of the Ewoyaa project.

"Over the next couple of months, we expect to complete several major events that will significantly progress the project towards mine construction. This includes the conclusion of the competitive offtake partnering process, the ratification of the mining lease by Parliament and the grant of the final permits required by the company to start construction at Ewoyaa," he says.