Atlantic Lithium’s core battery technology centers on producing high-quality spodumene concentrate from the Ewoyaa Lithium Project. This concentrate is a raw material further processed into lithium hydroxide or lithium carbonate, which are essential for battery manufacturing, particularly for electric vehicles and renewable energy storage solutions.
Atlantic Lithium produces spodumene concentrate, a lithium-bearing mineral concentrate from its Ewoyaa Lithium Project, which serves as a critical input for producing lithium hydroxide and lithium carbonate used in battery manufacturing.
Atlantic Lithium’s key project is the Ewoyaa Lithium Project in Ghana, set to be the country’s first lithium-producing mine. The project has secured mine operating and environmental permits and expects production by April 2025. Strategic partnerships include Piedmont Lithium, funding a significant portion of the development costs and holding a 50% offtake agreement. Piedmont’s merger with Sayona Mining is expected to bring further funding support. Ghana’s Minerals Income Investment Fund (MIIF) and Assore International are pivotal investors providing capital and expertise. The company is also conducting early-stage lithium exploration in Côte d’Ivoire.
Key investors of Atlantic Lithium Limited include Assore Ltd. (largest shareholder with approximately 32.1%), Piedmont Lithium (4.9% and major development partner funding the first $70M of Ewoyaa project costs with rights to 50% of output), Minerals Income Investment Fund (MIIF) (2.9% and $32.9M invested for project-level interest), and Amati Global Investors Ltd. (1.9%). The anticipated merger between Piedmont and Sayona Mining is expected to further consolidate funding and project management.
