Atlantic Lithium Limited

Atlantic Lithium Limited, based in Australia, is developing Ghana’s first lithium mine, the Ewoyaa Project. Producing high-quality spodumene concentrate for lithium-ion batteries, it supports electric vehicles and energy storage. Strategic partnerships enhance its role in the global move toward a carbon-neutral future.

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Atlantic Lithium Limited is an Australia-based exploration and development company specializing in lithium mining, with a primary focus on advancing its flagship Ewoyaa Lithium Project in Ghana, West Africa. The Ewoyaa project is a significant lithium resource, boasting 36.8 million tonnes at a grade of 1.24% Li₂O spodumene pegmatite. Once operational, it will become Ghana’s first lithium-producing mine, positioning Atlantic Lithium as a key player in the global lithium supply chain.

The company operates with a clear mission to support the global transition to a carbon-neutral future by supplying high-quality lithium for electric vehicle (EV) batteries and energy storage systems. Atlantic Lithium benefits from strategic partnerships, including a co-development agreement with Piedmont Lithium, which enhances project economics and provides access to essential resources. With a combined tenure of 1,280 square kilometers across Ghana and Côte d’Ivoire, the company is well-positioned to capitalize on the growing demand for lithium driven by the EV revolution and renewable energy storage needs. Atlantic Lithium is committed to responsible mining practices, ensuring long-term benefits for stakeholders and local communities.

Battery Technology

Atlantic Lithium’s primary contribution to the battery market lies in its production of spodumene concentrate. The company’s Ewoyaa Lithium Project is designed to produce high-quality spodumene concentrate, which can be further processed into lithium hydroxide or lithium carbonate—key components in battery manufacturing. By providing a reliable supply of lithium, Atlantic Lithium plays a vital role in meeting the surging demand for battery materials, driven by the rapid adoption of EVs and the push for cleaner energy solutions.

Recent Projects

Atlantic Lithium has made significant progress with its Ewoyaa Lithium Project, which is on track to become Ghana’s first lithium mine. Recent milestones include the receipt of a Mine Operating Permit in October 2024 and an Environmental Protection Agency (EPA) permit in September 2024. These regulatory approvals are critical for advancing the project toward production, which is expected to begin as early as April 2025.

The company has also secured funding through a $10 million equity placement led by Assore and a partnership with Piedmont Lithium, which is merging with Sayona Mining to manage $70 million in funding for the Ewoyaa project. These developments have strengthened Atlantic Lithium’s financial position and de-risked the project’s path to commercialization.

Investors

Atlantic Lithium has attracted significant investment from key players in the mining and energy sectors. Assore Ltd. is the largest shareholder, holding approximately 32.13% of the company’s shares. Piedmont Lithium, Inc., a strategic partner, owns about 4.92% of the shares and has committed to funding the Ewoyaa Project. Other notable investors include the Minerals Income Investment Fund (MIIF), which holds 2.92% of the shares, and Amati Global Investors Ltd., with a 1.92% stake.

These investors have played a crucial role in advancing Atlantic Lithium’s projects, providing the financial and strategic support needed to bring the Ewoyaa Lithium Project to fruition.