Australian Atlantic Lithium is in negotiation with the Ghanaian Government to review the fiscal terms of the Ewoyaa lithium project.
Since the Ewoyaa Mining Lease was granted in October 2023, lithium prices have declined significantly. Accordingly, the Company has engaged key stakeholders, including government representatives, to discuss fiscal terms that reflect the current lithium price environment. Discussions remain ongoing.
Despite the challenging global lithium market, Atlantic Lithium remains steadfast in its commitment to progressing the Ewoyaa project to production, working closely with the Government of Ghana and local communities. The Company continues to engage in constructive discussions with all stakeholders to ensure that the project delivers long-term benefits for Ghana, including critical revenues, local employment and skills development.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
"We are dedicated to working in a spirit of partnership with the Government of Ghana and our host communities to ensure Ewoyaa becomes a flagship project for the country and the region. While current lithium prices present headwinds, we believe that through collaboration and prudent fiscal measures, we can advance Ewoyaa to production and deliver lasting value for all stakeholders."
