Atlantic Lithium to list on Ghana Stock Exchange after regulatory nod
TLDR
- Atlantic Lithium secures listing on Ghana Stock Exchange, becoming first near-term lithium producer in the region.
- Ewoyaa project in Ghana's Central Region aims to establish premier lithium mine, advancing from hard rock spodumene deposit.
- Definitive feasibility study projects Ewoyaa to produce 365,000 tonnes of spodumene concentrate yearly, positioning it among global spodumene mining giants.
Atlantic Lithium is set to become the first near-term lithium producer to secure listing on the Ghana Stock Exchange, following approvals from both the GSE’s listing committee and Ghana’s Securities and Exchange Commission.
The company is currently advancing its flagship lithium project, Ewoyaa, a hard rock spodumene deposit situated in Ghana’s Central Region, to establish the African nation’s premier lithium mine.
Based on the definitive feasibility study conducted in June 2023, the Ewoyaa project is anticipated to yield a steady production output of 365,000 tonnes of spodumene concentrate annually. This projection positions Ewoyaa among the largest spodumene mines globally.
Key Takeaways
The shift towards EVs in the auto industry, driven by impending bans on fossil-fuel cars, has led to a surge in both lithium prices and demand. Lithium, a highly sought-after mineral, plays a crucial role in manufacturing electric cars (which rely on lithium-ion batteries) as well as in the production of several electronic devices. Currently, China dominates the lithium supply chain, being the world's top refiner and a leading producer. However, Western governments and international companies view Africa's lithium reserves as a significant opportunity. Africa holds over 30% of global mineral reserves, including 5% of naturally occurring lithium ore reserves. This presents African countries with a unique chance to meet the increasing global demand for lithium while bolstering their economies.
Think someone else should see this?
To invest in this opportunity and other opportunities across Africa
Download the daba finance app on your mobile through
Take action.
Download app
Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.
Partner with us
Unlock exciting business opportunities and growth potential.
Join Daba
Become a part of our vibrant community and enjoy exclusive benefits.
Contact us
Reach out to us for inquiries, support, or collaboration.