Atlantic Lithium has decided to halt operations at its Ewoyaa lithium project in Ghana due to a tragic accident earlier this week. The Australian company has informed the relevant authorities and an investigation is currently underway to clarify the circumstances surrounding the incident.
Atlantic Lithium continues to make progress in Ghana
The project is also set to become the first lithium operation in Ghana. first lithium operation in Ghana following Atlantic’s award of a 15-year permit in October last year. Half of the lithium production from Ewoyaa will be sent to a refinery owned by U.S.-based Piedmont Lithium, which is Atlantic’s second largest shareholder and has agreed to largely finance the mine’s construction.
In terms of production, the company plans to generate a total of 3.6 million tons of spodumene concentrate, equivalent to 350,000 tons per year, over a 12-year period at the deposit. According to the company, this would make the Ewoyaa project the tenth largest lithium project in the world.
Finally, it is relevant to mention that the company today has a market capitalization of £123 million (USD 156 million).
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Source and photo: mining
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