Ghana’s Environmental Protection Agency (EPA) has granted an environmental permit to Piedmont Lithium (ASX:PLL, OTC:PLLTL)'s Ewoyaa Lithium Project in Ghana, which is being developed in partnership with Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11).
In August 2023, Piedmont exercised its option to acquire a 22.5% interest in Ewoyaa, subject to government approvals. This move is part of the company’s staged investment agreement to earn a 50% equity stake in Atlantic Lithium’s Ghanaian lithium portfolio.
Piedmont Lithium (ASX:PLL, OTC:PLLTL) chief operating officer Patrick Brindle stated that the receipt of the EPA Permit is a significant milestone in the development of the Ewoyaa Project.
“Our partners at Atlantic Lithium have demonstrated a strong commitment to responsible development of the Ewoyaa Project. Piedmont would like to express our gratitude to the EPA and to Atlantic Lithium for achieving this important step,” Brindle said.
“We look forward to the ratification of the mining lease for the Ewoyaa Project in due course and the eventual construction of the project subject to remaining approvals and prevailing market conditions.”