Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) executive chairman Neil Herbert talked with Proactive's Stephen Gunnion about the company's latest milestone: receiving a mine operating permit for the Ewoyaa Lithium Project in Ghana. This is part of the company's broader permitting efforts, following the environmental permit obtained last month.
Herbert said completing all permitting stages will allow Atlantic Lithium to set a date for breaking ground in 2024. The Ewoyaa project is expected to begin production by the end of 2026 and reach full production by 2027, making it Ghana’s first lithium mine. Herbert described the project as having a strong cost profile, even in challenging lithium markets.
Herbert highlighted current M&A activity, noting Rio Tinto's proposed acquisition of US-listed Arcadium Lithium, saying the sector is ripe for consolidation, but emphasised Atlantic Lithium's focus on taking the Ewoyaa project into production.