Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has been granted an operating permit for the Ewoyaa project in Ghana, its final regulatory approval in the permitting process.
The award, from the Minerals Commission of Ghana, clears the way for the construction of the mine at Ewoyaa, the company said in a statement and is an important milestone towards the Final Investment Decision,
Atlantic is still awaiting ratification of the mining lease at Ewoyya from Ghana's parliament, which it said resumes sitting on 15 October 2024.
Neil Herbert, Atlantic Lithium executive chairman, added: "Representing the final regulatory approval required by the company before we can commence construction, the issuance of the Mine Operating Permit marks a critical milestone in the permitting process for the Ewoyaa Lithium Project.
"With our sights set on achieving the first production of lithium in Ghana, we now eagerly await parliamentary ratification of the Ewoyaa Mining Lease.
“We hope that ratification can occur in the coming sitting, expected to resume on the 15th of this month, which would set us on the path towards construction and operation of this globally significant lithium project."