Ghana: Atlantic Lithium moves closer to production after Ewoyaa lease approval

Atlantic Lithium Limited has taken a significant step toward production after Parliament ratified the mining lease for its flagship Ewoyaa Lithium Project, bringing Ghana closer to establishing its first lithium mine.

The parliamentary approval formally clears the way for the development of the Ewoyaa Lithium Mine and Processing Plant, enabling the company to advance key processes, including project financing and preparations toward a Final Investment Decision.

With the lease now ratified, Atlantic Lithium says its focus is shifting to the next phase of execution. The company indicated it is approaching upcoming milestones with renewed momentum as it works toward first production of spodumene, a critical raw material in the global battery supply chain.

The Ewoyaa Mining Lease, initially granted by the Ministry of Lands and Natural Resources in October 2023, provides the company with exclusive rights to mine and undertake commercial production over a 15-year period, subject to renewal under Ghanaian law.

The approval marks a historic moment for Ghana, as Ewoyaa becomes the first lithium mining lease to be granted and ratified in the country.

The move signals strong government backing for the development of a lithium industry, positioning Ghana to benefit from rising global demand for battery minerals driven by the energy transition.

As part of the ratification process, fiscal terms under the lease were revised following stakeholder consultations, aligning royalty rates and the Growth and Sustainability Levy with current legislation.

The Minerals and Mining (Royalty) Regulations, 2025, now provide a sliding scale for lithium royalties ranging from 5 percent to 12 percent, depending on prevailing spodumene prices.

Atlantic Lithium noted that the revised fiscal regime is designed to ensure a balance between investor returns and national benefits, while delivering socio-economic value to local communities in the Central Region where the project is located.

Chief Executive Officer Keith Muller described the ratification as a major milestone, emphasising that the company is now firmly focused on progressing toward production. He also highlighted ongoing work undertaken in the second half of 2025 to strengthen the project’s resilience amid lithium price volatility, with further updates expected as the company advances toward a Final Investment Decision.

The Ewoyaa project is expected to play a key role in Ghana’s mineral diversification strategy, expanding beyond gold into critical minerals and positioning the country within the global electric vehicle and renewable energy value chains.