IN BRIEF: Atlantic Lithium expects ratification of Ghana lease soon
Atlantic Lithium Ltd - West Africa-focused lithium exploration and development - Tells annual general meeting on Thursday ‘the fundamentals for lithium remain robust, underpinned by electric vehicle growth and energy storage demand’. In response to recent lithium price weakness, Atlantic Lithium agreed new fiscal terms with the Ghana government for the Ewoyaa project that ‘align with current market conditions’. The resulting revised mining lease was submitted to Parliament for approval, and Atlantic Lithium says it is ‘confident that ratification will follow soon’, due to the strategic importance of the planned mine to Ghana. In the meantime the company secured two funding agreements with Long State Investment Ltd that provide access to up to £28 million over two years.
Outside of Ghana, Atlantic Lithium says exploration at the Agboville and Rubino licenses in Ivory Coast has yielded ‘encouraging results’.
‘With mining lease ratification expected soon, we look ahead to a promising 2026 and beyond,’ the company says.
Current stock price: 10.40p early Friday in London
12-month change: down 15%
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