Atlantic Lithium Limited (ASX:A11) has announced the successful parliamentary ratification of the Mining Lease for its flagship Ewoyaa Lithium Project, marking a key milestone for Ghana’s emerging lithium sector.
The ratification serves as the government’s formal approval for the nation’s first lithium mine and processing plant, further de‑risking the project as it moves toward a Final Investment Decision (FID).
The approval coincides with a new legislative framework, the Minerals and Mining (Royalty) Regulations, 2025, which introduces a sliding scale royalty regime ranging from 5.0% to 12.0% based on spodumene prices.
CEO Keith Muller emphasised that this regulatory certainty provides a solid foundation for advancing project funding discussions.
Concurrent with development, the company is finalising socio‑economic initiatives for local communities in Ghana’s Central Region to support sustainable long‑term benefits.
Financially, Atlantic Lithium bolstered its position during the quarter, securing up to US$16.4 million in new funding.
This includes a US$11 million strategic investment from a group of Ghanaian pension funds and a US$5.4 million placement via Long State Investments.
While corporate discussions regarding a potential change‑of‑control proposal have ceased, the company remains focused on its dual strategy of delivering Ewoyaa and continuing low‑cost exploration at its Agboville and Rubino licences in Côte d’Ivoire.
As at the time of reporting Atlantic Lithium’s share price was $0.31.