Atlantic Lithium Limited, the African-focused lithium exploration and development company has received approval from the Ghana Stock Exchange (GSE) listing committee and the Securities and Exchange Commission to list its shares on the main market of the stock exchange.
Atlantic Lithium will be listing its issued shares on the main market of the GSE by introduction, meaning that it will not issue any new shares when it begins trading.
The GSE listing will help Ghanaian investors more easily purchase shares from the Australian Securities Exchange or the London Stock Exchange’s AIM, where the Company is already trading, enabling Ghanaians to share ownership in the advancement of the Ewoyaa Lithium Project and the generational benefits it is expected to deliver.
The listing comes at a time when the Ewoyaa Lithium Project is moving significantly closer to the mine construction phase, with the permitting phases currently underway and full production of lithium targeted for 2026.
Ewoyaa is expected to produce 365,000 tonnes of lithium per year, making it one of the top three largest spodumene mines in Africa and among the largest in the world, putting Ghana on the map for as a major source of lithium, intended to supply the global EV chain.
“We are delighted to have received approval to list Atlantic Lithium shares on the Ghana Stock Exchange as we strive to bring further tangible benefits to the Ghanaian community,” Executive chairman of Atlantic Lithium Neil Herbert said.
“The GSE listing comes at an exciting time for the Company, as over the next few months we expect to complete several milestones, such as the conclusion of the competitive offtake partnering process, the grant of the final permits we require, and the ratification of the Mining Lease by parliament; all of which will play an important role in progressing the Project towards mine construction.”
He added “In addition to the investment by MIIF, we believe that trading on the GSE will allow Ghanaian investors the opportunity to contribute towards the advancement of Ghana’s first lithium mine, which is expected to support the country’s long-term critical mineral production objectives.”
“In listing Atlantic Lithium shares on the GSE, we intend to maximise local participation in the Ewoyaa Lithium Project and align our Ghanaian stakeholders with the long-term success of the Company. We look forward to welcoming new Ghanaian investors onto Atlantic Lithium’s shareholder register.”
About Atlantic Lithium
Atlantic Lithium is an AIM and ASX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country’s first lithium-producing mine.
The Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the largest spodumene concentrate mines in the world.
The Project, which was awarded a Mining Lease in October 2023, is being developed under an earn-in agreement with Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium projects within 509km2 and 774km2 of granted and under-application tenure across Ghana and Côte d’Ivoire respectively, which, in addition to the Project, comprises significantly under-explored, highly prospective licences.
Source: Fred Dzakpata