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African explorer eyes Australian potential

Tuesday, September 27th, 2022

Atlantic Lithium, the funded African-focussed lithium exploration and development company targeting to deliver Ghana’s first lithium mine, has officially listed on the ASX.

The company recently announced a pre-feasibility study for the Ewoyaa lithium project in Ghana, which spotlights the project as an industry-leading lithium asset, capable of generating significant profitability.

The board believes that the ASX listing reflects the global demand for a sustainable supply of lithium to facilitate the transition to a lower carbon future and will be beneficial in a number of ways:

  • Raise the profile of Ewoyaa and its Cape Coast lithium portfolio in a robust resources market where lithium exploration companies have in recent times attracted significant investor interest
  • Extend Atlantic Lithium’s shareholder base, enable wider trading and provide greater liquidity for Atlantic Lithium shares
  • Allow existing Australian investors the opportunity to reposition securities held in the UK to Australia, should they so desire
  • Enable close communication with Australian investors, through its Australian headquarters.

Atlantic Lithium executive chairman Neil Herbert said the company welcomed its new investors, who joined up as Atlantic Lithium makes great strides, both operationally and commercially.

“At a time when significant growth in lithium demand is forecast over the coming years, driven largely by the global uptake of electric vehicles, we are eager to continue our work to progress the project through to production,” he said.

“As an Australian-headquartered company, the listing also allows us to reinforce the close communication we have with an expanded group of Australian investors.

“At this fundamental moment in the company’s history, we look forward to advancing Ewoyaa towards production and delivering long-term value to all stakeholders.”

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