Minerals Commission CEO discloses $2bn share listings on GSE in the next three years
Chief Executive Officer (CEO) of the Minerals Commission, Martin Ayisi, has disclosed the upcoming listing of shares of mining companies worth $2 billion on the Ghana Stock Exchange (GSE) in the next three years.
Making the assertion during the secondary listing of Atlantic Lithium on the GSE on Monday, May 13, 2024, Mr Ayisi quipped talks are currently ongoing with some mining firms to list on the local bourse.
“The next three years will be the best years in Ghana and for the GSE. We are expecting the listing of some mineral projects which are mainly gold mining projects worth $2 billion on the GSE. We are currently in talks with these mining firms to list on the Stock Exchange,” he quipped.
Atlantic Lithium Ghana has made its debut on the Ghana Stock Exchange (GSE) with a secondary listing of 649,669,053 shares on the local bourse.
The initial trading share price of Atlantic Lithium on the GSE is GHS 4.40.
Hence, the starting market capitalization of Atlantic Lithium is pegged at GHS 2.85bn.
Atlantic Lithium will be trading on the local bourse under the acronym “ALLGH”.
With the secondary listing of Atlantic Lithium on the GSE, the company becomes the first lithium mining company to be traded on the GSE, signaling Ghana’s strategic entry into the global lithium market amid the increasing demand for green energy resources,
Atlantic Lithium, already listed on AIM, ASX, and OTCQX, is pioneering Ghana’s lithium production with its Ewoyaa Lithium Project located in the country’s Central Region.
The project boasts a globally significant hard rock spodumene deposit and is poised to commence production as Ghana’s first lithium mine.
According to a definitive feasibility study completed in June 2023, the Ewoyaa project is expected to produce approximately 365,000 tonnes of spodumene concentrate per annum, positioning it as one of the largest of its kind globally.
The decision to list on the GSE follows the recent strategic investment by Ghana’s mineral sovereign wealth fund (MIIF), which invested $5 million in January 2024 as part of a larger $32.9 million funding initiative aimed at supporting the project’s development.
