Atlantic Lithium submits mining licence application for Ewoyaa

Africa-focussed lithium explorer and developer Atlantic Lithium announced the submission of the mining licence application for the extraction of minerals from the proposed Ewoyaa Lithium Mine on Thursday, to the Minerals Commission of Ghana.

The AIM-traded firm said its majority-owned Ghana company Barari DV Ghana, and wholly-owned Ghana company Green Metals Resources, had lodged initial documents in support of its licence application for Ewoyaa.

It said the application would now be assessed by the Ghanaian government as soon as practicably possible, as part of the approval process ahead of the granting of the mining licence.

The application included the submission of the company's recent pre-feasibility study, which forms part of the necessary required documentation.

Atlantic’s board described it as a “significant milestone”, as it moved the Ewoyaa Lithium Project from the discovery stage to the delivery of studies and the submission of a mining licence application, towards permitting.

“We are pleased to have lodged our application for a mining licence at the Ewoyaa Lithium Project in Ghana, which has a compelling case for development at a time of unprecedented lithium demand,” said interim chief executive officer Lennard Kolff.

“The application marks a significant milestone for the company having completed extensive exploration and technical programmes, environmental and social studies, economic studies and the valuation of the project.

“As evidenced by our work to date and highlighted by the recent pre-feasibility study, we can demonstrate a fundamentally robust development case at Ewoyaa, which delivers extensive social and economic benefits to our local communities and the Republic of Ghana.”

Kolff said the company was “looking forward” to working with MinCom, the Ministry of Lands and Natural Resources, the EPA, local government authorities, host communities and other regulatory bodies towards the grant of the Ewoyaa mining licence.

“Our ongoing and planned activities now focus on further de-risking the development timelines of the project, rapidly advancing a detailed design and construction phase and ultimately, moving into production whilst continuing to grow our exploration pipeline.”

At 1216 BST, shares in Atlantic Lithium were down 0.61% at 32.8p.

Reporting by Josh White at Sharecast.com.