Government Reaffirms Commitment to Lithium Exploration Despite Project Delays
Media Relations Officer at the Ministry of Lands and Natural Resources, Paa Kwesi Schandorf, has assured Ghanaians that the government remains committed to the exploration of lithium despite delays in the Ewoyaa Lithium Project.
Speaking in an interview on Monday, November 10, 2025, Mr Schandorf quipped the lithium sector holds immense economic potential, describing it as “pregnant with a lot of prospects” that could drive growth and create jobs.
He explained that discussions regarding the project are ongoing at both Cabinet and parliamentary levels, adding that the government is optimistic about reaching a final resolution before the end of the year.
“The government appreciates the prospect, is interested in the exploration, and the sector minister also sees the fortune embedded in it,” he stated.
The Ewoyaa Lithium Project, which had initially sparked optimism about job creation and foreign investment, has faced delays, prompting public concern.
Mr Schandorf, however, reassured stakeholders that the government’s commitment to advancing the project remains strong and that updates will be shared once Cabinet deliberations conclude.
Atlantic Lithium Secures up to $37.5m Funding for Ewoyaa Project
Meanwhile, Atlantic Lithium has secured binding financing agreements worth up to £28m ($37.5m) with Long State Investments, bolstering its balance sheet as the Africa-focused explorer moves closer to developing Ghana’s first lithium mine.
The AIM- and ASX-listed company said on Thursday it had struck a two-pronged deal with the Hong Kong-based investment group, comprising an £8m share placement and a £20m committed equity facility.
The funding, spread over 24 months, will provide both immediate capital and longer-term access to liquidity as the group navigates a subdued lithium market.
The initial tranche of the share placement will raise £2m through the issue of 24.8m shares, with three further tranches of £2m each available at the company’s discretion.
The £20m equity facility, which requires shareholder approval at an extraordinary general meeting in October, will allow Atlantic to issue new shares in stages over two years.
