Atlantic Lithium secures critical permits

Atlantic Lithium (ASX:A11) has made significant strides in advancing its Ewoyaa Lithium Project in Ghana. The company has successfully secured essential permits, such as the Mine Operating Permit, Land Use Certificate, and Environmental Protection Agency permit. Despite delays in the parliamentary ratification of the Mining Lease, Atlantic Lithium remains committed to progressing towards construction and operation.

Atlantic Lithium's strategic project development

Atlantic Lithium has achieved crucial milestones for the development of its Ewoyaa Lithium Project in Ghana. The issuance of permits such as the Mine Operating Permit and Environmental Protection Agency permit is pivotal for the project's advancement. However, delays in parliamentary ratification of the Mining Lease impact the timeline for the Final Investment Decision and funding processes. The company has increased its Ewoyaa Mineral Resource Estimate to 36.8Mt at 1.24% Li2O, showcasing significant exploration advancements. Financially, Atlantic Lithium ended the quarter with A$7.5 million in cash and received US$2.1 million from Piedmont Lithium. The company is actively engaging with investors and offtake partners to secure further funding. Moving forward, Atlantic Lithium is focused on overcoming legislative delays and market challenges to achieve key project milestones and enhance shareholder value.

Executive insights on project progress

Our continued focus is on advancing the Ewoyaa Lithium Project, and securing these key permits marks an important step forward. We remain committed to bringing Ewoyaa into production to drive shareholder value, despite the challenges posed by the delay in parliamentary ratification.