Atlantic Lithium Limited (AIM:ALL) (AIM: ALL, ASX: A11, GSE: ALLGH) said the Parliament of Ghana has ratified the Mining Lease for its flagship Ewoyaa Lithium Project, enabling the company to advance discussions on project funding and continue progressing towards a Project Final Investment Decision.
The company said the ratified Mining Lease — originally granted by Ghana's Ministry of Lands and Natural Resources in October 2023 — gives Atlantic Lithium exclusive rights to mine and commercially produce over the lease area for an initial 15-year period, renewable in accordance with Ghanaian legislation, and incorporates revised fiscal terms aligning the project's royalty rate and Growth and Sustainability Levy to current legislated rates.
The filing notes that, following a 21-sitting-day review, a new Legislative Instrument, Minerals and Mining (Royalty) Regulations, 2025, has become legally binding and "outlines the following sliding scale in relation to royalty rates for lithium projects in Ghana," the company said.
Keith Muller, Chief Executive Officer, said: "Parliamentary ratification of the Mining Lease for the Ewoyaa Lithium Project marks a watershed moment for both Ghana and Atlantic Lithium." He added the company will shortly provide "further clarity on the outcomes of the work we completed through H2 2025 to enhance the viability of the Project through ongoing commodity price volatility" to inform the path to a Final Investment Decision, the filing said.
