Atlantic Lithium Ltd (AIM:ALL, ASX:A11, OTCID:ALLIF) says Ghana’s parliament has temporarily put a hold on the approval process for a mining lease for its Ewoyaa project to allow more consultation on the country’s mining code and how royalties are applied.
The company, which wants to develop Ghana’s first lithium mine, said the pause relates to a wider review rather than any project-specific issue.
Ewoyaa is the most advanced lithium development in the country, and Atlantic Lithium said it remains in talks with the government “regarding the best way forward to deliver upon Ghana's critical minerals objectives”.
Mining leases in Ghana must be ratified by parliament, and the company stressed that it is still aiming to secure terms that work for both shareholders and local communities.
It added that it supports the government’s goal of ensuring the long-term benefits from mineral production remain in the country.