Atlantic Lithium Confident of Lease Approval as Government Withdraws Ewoyaa Agreement for Further Consultation
Atlantic Lithium Limited says it remains optimistic about securing parliamentary ratification for the Mining Lease covering its flagship Ewoyaa Lithium Project, despite the Government’s decision to withdraw the agreement from Parliament for further stakeholder consultations.
In a statement, the Africa-focused lithium developer disclosed that Parliament has temporarily stepped down the Mining Lease to allow for broader engagements on Ghana’s mining code and proposed royalty arrangements.
The Company assured shareholders that ongoing discussions with government officials remain constructive, noting that the Ewoyaa project – touted as Ghana’s most advanced lithium development – continues to align with the country’s critical minerals strategy.
“The Company remains dedicated to securing terms for the Mining Lease that generate value for shareholders and its host communities and supports the Government’s commitment to delivering long-term benefits for Ghana,” Atlantic Lithium stated. It added that it is confident the lease will be approved “in accordance with due parliamentary process.”
The announcement follows an official disclosure in Parliament on Wednesday by Deputy Minister for Lands and Natural Resources, Alhaji Yusif Sulemana, who confirmed the withdrawal of the agreement to accommodate deeper technical and stakeholder engagement.
Addressing lawmakers, the Deputy Minister said the move was influenced by concerns raised by civil society organisations, extractive industry experts and MPs across the political divide.
“Listening to my colleagues from the other side, they have made my work very easy. They have given reasons why there’s a need for us to withdraw this agreement,” he told the House.
He explained that NGOs and key sector actors had urged government to revisit the terms of the agreement and strengthen consultations to ensure broad acceptance before resubmitting the lease for approval.
According to him, the decision reflects the administration’s commitment to transparency and accountability in mineral resource governance.
“It is for that reason that the listening minister, the listening government, has decided that we will withdraw this agreement, do further work involving you, so that together we can move forward,” he added.
The Ewoyaa Lithium Project has been at the centre of national debate, with stakeholders calling for improved fiscal terms, enhanced local participation and stronger assurances of long-term national value.
Atlantic Lithium said it will continue to support the Government through the review process and will provide further updates to shareholders “as and when appropriate.”
