Atlantic Lithium reports progress on Ewoyaa Lithium Project and strategic investments

Atlantic Lithium Limited (ASX: $A11) has released its Quarterly Activities and Cash Flow Report for the quarter ended 31 March 2024. The company, focused on delivering Ghana's first lithium mine, provided updates on the progress of its Ewoyaa Lithium Project in Ghana, including overwhelming local community support, strategic appointments, and exploration results. Atlantic Lithium also secured strategic investments to expedite the development of the Project.

Executive Chairman Neil Herbert highlights key achievements and future milestones

Neil Herbert, Executive Chairman of Atlantic Lithium, emphasized the company's focus on de-risking the Ewoyaa Lithium Project and moving it closer to shovel-readiness. He highlighted the overwhelming local community support, the successful investment from the Minerals Income Investment Fund of Ghana, and the ongoing competitive offtake partnering process. Herbert also acknowledged the significant work completed in respect of the Mining Lease for the Project and the advancements in exploration activities. He expressed optimism about the upcoming major catalysts, including the conclusion of the competitive offtake partnering process and the grant of final permits, and looked forward to updating the market on the company's progress.

Advancements in Project development, exploration, and strategic investments pave the way for future growth

Atlantic Lithium's Quarterly Activities and Cash Flow Report highlighted significant advancements in the Ewoyaa Lithium Project, including strong local community support, completion of key project studies, and progress in exploration activities. The company also secured strategic investments to expedite the Project's development. With a focus on de-risking the Project and achieving shovel-readiness, Atlantic Lithium aims to capitalize on the overwhelming demand for its lithium products globally. The company's future milestones include the conclusion of the competitive offtake partnering process, the grant of final permits, and the ongoing exploration and evaluation of new opportunities in Ghana and elsewhere.