The Ghanaian government has granted the first mining lease for lithium in Ghana to Atlantic Lithium's flagship Ewoyaa lithium project.
Ghanaian legislation has granted exclusive rights to conduct mining and commercial production operations in the mining lease area for a duration of 15 years, with the possibility of renewal.
"As the first to be granted for lithium in the country, the award of the mining lease for the Ewoyaa Lithium Project is auspicious for both Ghana and Atlantic Lithium,” said Atlantic executive chairperson Neil Herbert.
“It serves as Ghana's statement of intent to establish itself as a leading hub in Africa in the EV supply chain through the long-term production of lithium, with Atlantic Lithium as its partner of choice in this objective.”
Piedmont Lithium and MIIF would both participate in a competitive offtake partnering process to secure project funding for a portion of the remaining 50% of the feedstock that is available.
Under the terms of the mining lease, the government of Ghana will be entitled to a 13% free-carried interest in the project, representing a 3% increase from the 10% free-carried interest incorporated in the definitive feasibility study.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
