Atlantic Lithium remains confident of the grant of the Mining Lease
to advance the Ewoyaa Lithium Project
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, notes recent media speculation regarding the introduction of a new Green Minerals Policy by the Government of Ghana and issues the following statement.
The Company acknowledges comments made by Ghana’s Minister for Lands and Natural Resources, Hon. Samuel A. Jinapor, which relate to potential implications for mining companies from the introduction of the new policy, including changes to the mining royalty rate and the state’s carried interest in minerals projects.
The Company confirms that it has been in regular discussion with Ghana’s Minerals Commission, which is responsible for the determination and application of legislation within the mining sector, with regards to establishing a framework which is attractive for companies aiming to extract Ghana’s natural resources, while also ensuring maximum value is delivered to Ghana and Ghanaians.
Atlantic Lithium is not in a position to disclose the nature of these discussions at this stage and will update the market with any developments when it is appropriate to do so.
The Company recognises the strong support in-country to deliver a successful production operation at its Ewoyaa Lithium Project (“Ewoyaa” or the “Project”), which is on track to become Ghana’s first lithium mine, and remains of the belief that it will be granted the Mining Lease required to advance the Project.
