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Atlantic Lithium Ltd - West Africa-focused lithium exploration and development - Confirms the submission of a revised mining lease to the Ghanaian government for the Ewoyaa project. Says the lease includes certain fiscal terms incorporated following a consultation by the Minister of Lands & Natural Resources with relevant stakeholders in Ghana, regarding the country’s current mining code and the application of royalties. Atlantic says the revised terms comprise the alignment of Ewoyaa’s royalty rate, and Growth & Sustainability Levy, to Ghana’s current legislated rates. Understands that the government’s Select Committee will review the revised lease in the New Year, before providing a recommendation to Parliament. ‘The company remains confident that ratification of the mining lease will be forthcoming in accordance with due parliamentary process,’ Atlantic Lithium says. ‘Shareholders should note, however, that there can be no certainty that the proposed terms of the legislative instrument will not change or that Parliament will indeed ratify the mining lease.’ Current stock price: 10.15 pence, up 28% on Monday in London 12-month change: down 30% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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