Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) said its mining lease for the Ewoyaa Lithium Project in Ghana has been formally submitted to Parliament for ratification, the final step before development of what is set to become the country’s first lithium mine.
The Africa-focused developer confirmed that the lease, which grants it exclusive mining and production rights for an initial 15-year period, has been referred to Ghana’s Parliamentary Select Committee on Lands, Forestry and Mines.
The committee will review the agreement and provide a recommendation to Parliament on whether to approve it.
Chief executive Keith Muller said: “We are pleased to note that the Ewoyaa Mining Lease has been put to Parliament for consideration in the current parliamentary sitting.
"We hope that the ratification can swiftly follow, which will serve as a key catalyst for the financing and development of the project.”
The lease was originally granted in October 2023, following the completion of all required regulatory approvals. Ratification would mark the final stage in the permitting process and pave the way for Atlantic Lithium to advance funding and offtake negotiations.
The current parliamentary session began on 21 October, and the company said it remains confident that ratification will proceed in due course, though it cautioned there can be no guarantee of parliamentary approval.