Atlantic Lithium, an African-focused lithium exploration and development company, has received an environmental permit for its Ewoyaa lithium project in Ghana.
Granted by Ghana’s Environmental Protection Agency (EPA), this permit allows the company to move forward with the project’s mining activities based on the Environmental Impact Statement (EIS) submitted by Atlantic Lithium.
The permit marks a significant milestone in the Ewoyaa lithium project’s permitting process. The final EIS, submitted after incorporating feedback from the EPA and addressing questions raised during public hearings, was a crucial step for project advancement. Public hearings held in Ewoyaa and Krofu in February and June 2024 demonstrated strong local support for the project.
Neil Herbert, Executive Chairman of Atlantic Lithium, commented, “The grant of the EPA permit is a major step towards the construction of Ghana’s first lithium mine.
This achievement follows a collaborative engagement process with the EPA and local residents to ensure alignment with our proposed activities at Ewoyaa.
This approval underscores Atlantic Lithium’s commitment to responsible land stewardship, which we view as essential to the project’s long-term success. We are pleased to have the full backing of the EPA and our local stakeholders.”
The Ewoyaa lithium project, poised to become Ghana’s first lithium-producing mine, includes both the Ewoyaa lithium mine and processing plant.
The project is being advanced towards production through an agreement with Piedmont Lithium. In October 2023, Atlantic Lithium secured the mining lease from Ghana’s Ministry of Lands and Natural Resources.
Earlier in June, the company released a definitive feasibility study (DFS) for the Ewoyaa project, confirming its economic viability.
The DFS projected the production of 3.6 million tonnes of spodumene concentrate over a 12-year mine life, with a capital cost of $185 million.
The study estimated a net present value (NPV) of $1.3 billion and an internal rate of return (IRR) of 94% for the project.
