Fatality halts work at Atlantic Lithium's Ewoyaa project

By MININGCOM STAFF / July 10, 2024 / www.northernminer.com / Article Link

Atlantic Lithium (ASX: A11; US-OTC: ALLIF) has halted activity at its Ewoyaa project in Ghana after a fatal accident on Tuesday.

According to the company, authorities have been notified and an investigation is underway to establish the circumstances that led to the incident.

Ewoyaa will be Ghana's first lithium operation.

The miner secured in October a 15-year permit for the project.

Half of the lithium produced at Ewoyaa will be sent to a refinery of U.S.-based Piedmont Lithium (NASDAQ: PLL; ASX: PLL), which is the Australian firm's second-largest shareholder and has agreed to provide most of the funds for building the mine.

Atlantic Lithium aims to produce a total of 3.6 million tonnes of spodumene concentrate, or 350,000 tonnes annually, over 12 years from the site. That would make it the world's 10th-biggest lithium project, according to the company.

Shares of Atlantic Lithium fell 4% to A36? by mid-afternoon on Wednesday, giving the company a market capitalization of ?123.7 million (US$158.8 million).

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok