Atlantic Lithium Restructures Leadership and Cuts Executive Pay in Cost-Cutting Drive
Atlantic Lithium, the Africa-focused developer advancing Ghana’s first lithium mine, has announced a leadership restructuring and cost-cutting measures aimed at sharpening operational focus as it moves towards the construction phase of its flagship Ewoyaa project.
Under the revised structure, Executive Chairman Neil Herbert will step down to become Non-Executive Chairman from 1 July 2025, a move intended to reduce executive costs and enhance board oversight. Day-to-day management responsibilities will be consolidated under CEO Keith Muller, who will assume full operational and strategic control.
Muller, a mining executive with over two decades of lithium sector experience, has agreed to a voluntary 10% pay cut for the next 12 months, reducing his fixed annual remuneration to A$427,500. Herbert’s compensation will also be revised in line with his transition to a non-executive role.
The leadership streamlining forms part of a broader initiative to reduce Atlantic Lithium’s cost base while accelerating the development of Ewoyaa, a project the company sees as central to Ghana’s emergence as a key player in the global battery minerals market.
“These changes ensure a sharper focus on operational delivery and cost control as we move towards construction at Ewoyaa,” said Herbert.
CEO Keith Muller added: “We are taking decisive steps to streamline our leadership and reduce costs, ensuring we are well-positioned to deliver long-term value for Ghana and our shareholders.”
Atlantic Lithium, which is dual-listed in London, Australia, Ghana, and on the US OTC market, continues to work with the Government of Ghana to finalise fiscal and operational terms for the Ewoyaa project, amid a challenging global environment for lithium developers. The company has reiterated its commitment to ensuring the project delivers benefits to both local communities and the national economy.
