Atlantic Lithium CEO on Ewoyaa mining lease talks, lithium market

Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) CEO Keith Muller talked with Proactive's Stephen Gunnion about the company's engagement with the Ghanaian government regarding the mining lease for the Ewoyaa Lithium Project. Muller explained that Ewoyaa is one of the very few hard rock spodumene projects globally that is "essentially shovel-ready," emphasising that the mining lease ratification is the final step before securing financing and offtake arrangements. He outlined how the lease was initially signed under different market conditions in October 2023, with spodumene prices then falling from highs above $6,000 per tonne to around $800 per tonne currently. Muller stated, "We must recognise that there is a significant change in what has been to what is today," highlighting the proactive engagement with the government to secure a mutually beneficial outcome amid a challenging commodity market. Muller stressed the importance of the Ewoyaa project's low operating costs in ensuring resilience, even at suppressed pricing levels. He noted that Ewoyaa could bring over 900 direct and up to 2,500 indirect jobs to Ghana's Central Region, making it a catalyst for regional economic development. In closing, Muller reassured investors of the project's sustainability, saying, "There’s no doubt in my mind that this mine will be built." Visit Proactive's YouTube channel for more interviews like this one. Don't forget to like this video, subscribe to the channel, and turn on notifications so you never miss an update! #AtlanticLithium #EwoyaaProject #LithiumMining #Spodumene #GhanaMining #MiningInvestment #BatteryMetals #LithiumMarket #ResourceDevelopment #MiningNews