REG - Atlantic Lithium Ltd - Ewoyaa Lithium Project - Mining Lease Update

Atlantic LithiumAnnouncement

12/11/2025 07:00

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RNS Number : 1869H  Atlantic Lithium Limited  12 November 2025

 

12 November 2025

Ewoyaa Lithium Project - Mining Lease Update

Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, "Atlantic Lithium"
or the "Company"), the Africa-focused lithium exploration and development
company targeting the delivery of Ghana's first lithium mine, provides the
following update regarding the Mining Lease in respect of the Company's
flagship Ewoyaa Lithium Project ("Ewoyaa" or the "Project") in Ghana.

The Company is pleased to confirm that the Mining Lease has been submitted to
the Parliament of Ghana and referred to the Select Committee to be considered,
as per due process for ratification. The Select Committee is responsible for
considering matters related to lands, forestry, and mines, and, through its
review of the Mining Lease, will provide its recommendation to Parliament for
or against ratification.

Initially granted in October 2023, the Mining Lease provides the Company
exclusive rights to carry out mining and commercial production activities at
Ewoyaa for an initial 15-year period, renewable in accordance with Ghanaian
legislation (refer announcement of 20 October 2023).

With all of the necessary regulatory approvals secured, parliamentary
ratification serves as the final step of the Project's permitting process,
which will enable the Company to further progress activities in relation to
funding and offtake arrangements for the Project.

The current parliamentary session commenced on 21 October 2025. The Company
remains confident that ratification of the Mining Lease will be forthcoming in
accordance with due parliamentary process. Shareholders should note, however,
that there can be no certainty that Parliament will indeed ratify the Mining
Lease.

Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said:

"We are pleased to note that the Ewoyaa Mining Lease has been put to
Parliament for consideration in the current parliamentary sitting. We hope
that the ratification can swiftly follow, which will serve as a key catalyst
for the financing and development of the Project."

 

Authorised for release by Amanda Harsas, Finance Director and Company
Secretary, Atlantic Lithium Limited.

For any further information, please contact:

Atlantic Lithium Limited

Keith Muller (Chief Executive Officer)

Amanda Harsas (Finance Director and Company Secretary)

                   www.atlanticlithium.com.au
                   IR@atlanticlithium.com.au
                   Tel: +61 2 8072 0640

 SP Angel Corporate Finance LLP      Yellow Jersey PR Limited                                           Canaccord Genuity Limited

 Nominated Adviser                   Charles Goodwin                                                    Financial Adviser:

 Jeff Keating                        Bessie Elliot                                                      Raj Khatri (UK) /

                                   atlantic@yellowjerseypr.com (mailto:atlantic@yellowjerseypr.com)

 Charlie Bouverat
                                                                  Duncan St John, Christian Calabrese (Australia)

                                   Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470

                                                                                                        Corporate Broking:

                                                                                                        James Asensio

                                                                                                        Tel: +44 (0) 20 7523 4500

Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)

Atlantic Lithium is an AIM, ASX, and GSE-listed lithium company advancing its
flagship project, the Ewoyaa Lithium Project, a lithium spodumene pegmatite
discovery in Ghana, through to production to become the country's first
lithium-producing mine.

The Company published a Definitive Feasibility Study in respect of the Project
in July 2023. The Project was awarded a Mining Lease in October 2023, an
Environmental Protection Authority ("EPA") Permit in September 2024, and a
Mine Operating Permit in October 2024 and is being developed under an earn-in
agreement with Piedmont Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
771km(2) of granted and under-application tenure across Ghana and Côte
d'Ivoire respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective licences.

 

 

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