Atlantic Lithium has expressed strong conviction of successfully obtaining a lease for a lithium mine in Ghana, following the endorsement of the Green Minerals Policy by the Government.
The newly introduced policy encompasses significant alterations to the mining royalty rate and the state’s equity participation in minerals projects.
Atlantic Lithium on the back of the new policy has already entered into discussions with the Minerals Commission in light of these transformative policy changes.
Notably, a strategic move was made in 2011 when Piedmont Lithium invested a substantial $100 million in Atlantic Lithium.
This strategic alliance was forged to secure spodumene, a premium high-purity lithium ore, from Atlantic Lithium’s Ghanaian mine.
A key facet of Piedmont’s grand plan to supply lithium to electric vehicle titan Tesla hinges on the lithium it intends to procure from Atlantic’s operations in Ghana.
Atlantic Lithium has however, not been untouched by controversy. In March, short seller Blue Orca Capital alleged that the company had secured vital Ghanaian mining licenses through undisclosed financial transactions.
Atlantic Lithium swiftly rebuffed these claims, maintaining a staunch stance against the allegations and reaffirming its steadfast commitment to transparency and ethical practices.
Government has given the nod to a pioneering policy poised to redefine the nation’s role in the global minerals arena. Underlining its commitment to a sustainable future, the policy revolves around the exploitation, management, and regulation of “green minerals,” a cohort that includes lithium, cobalt, copper, and others.
The approved “Minerals of the Future” policy stands testament to Ghana’s proactive stance in positioning itself as a key player in the transition to cleaner energy sources.
Notably, this policy’s purview extends beyond conventional resource management and delves into socio-economic considerations that could reshape the country’s economic landscape.