As Lithium Prices Drop, Atlantic Lithium Negotiates Government Support for Ewoyaa Lithium Project

In an era of stark economic realities facing the mining industry, Atlantic Lithium is keeping a stiff upper lip and pressing forward with its Ewoyaa Lithium Project, Ghana’s pioneering lithium production project. In the face of dwindling lithium prices since the mining lease for Ewoyaa was given in October 2023, they are appealing to the Ghanaian government for fiscal relief to ensure the successful establishment and operation of the mine.

The company, whose commitment remains undeterred despite the challenging financial landscape, has been actively engaging with key stakeholders, including government representatives, to negotiate fiscal terms in line with the current lithium price environment. This pivotal discussion remains in progress. Atlantic Lithium is not just committed to taking their project to production, but equally committed to ensuring that Ghana experiences long-term benefits from its venture, including increased revenues, job creation, and skills development.

The Ewoyaa Lithium Project has already been accredited with a Mining Lease, an Environmental Protection Agency (EPA) Permit, and a Mine Operating Permit, turning it into a significant lithium spodumene pegmatite find on the continent. Atlantic Lithium, besides Ewoyaa, also possesses a portfolio of lithium projects that span across Ghana and Côte d’Ivoire.