Business
Ratification Process - Ewoyaa Mining Lease
Atlantic Lithium Limited has submitted a revised Mining Lease for its Ewoyaa Lithium Project to the Parliament of Ghana for ratification, which includes updated fiscal terms aligning royalty rates and the Growth and Sustainability Levy with current Ghanaian legislation. The proposed royalty rates for lithium projects will now follow a sliding scale based on spodumene price, ranging from 5.0% up to 12.0%. While other fiscal terms remain unchanged from the October 2023 lease, the company acknowledges that the proposed terms of the Legislative Instrument may change and ratification is not guaranteed, with the Select Committee expected to review the lease in the New Year. Disclaimer*
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n\n\n\n22 December 2025\nRatification Process - Ewoyaa Mining Lease\n\nAtlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, \"Atlantic Lithium\" or the \"Company\"), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, provides the following update regarding the status of the Mining Lease in respect of its flagship Ewoyaa Lithium Project (\"Ewoyaa\" or the \"Project\") in Ghana.\nThe Company is pleased to confirm that a revised Mining Lease has been submitted to the Parliament of Ghana and referred to the Select Committee, per the necessary process for ratification.\nThe Mining Lease includes certain fiscal terms which were incorporated following a period of consultation undertaken by the Minister of Lands and Natural Resources with relevant stakeholders in Ghana in relation to Ghana's current mining code and the application of royalties, which was supported by the Company. The revised terms comprise the alignment of the Project's royalty rate and Growth and Sustainability Levy to current legislated rates in Ghana.\nAccordingly, the Company notes the submission by the Minister of Lands and Natural Resources to Parliament of a new Legislative Instrument, Minerals and Mining (Royalty) Regulations, 2025, which sets out the following proposed sliding scale in relation to royalty rates for lithium projects in Ghana according to various spodumene price ranges:\n\n\n\n\nSpodumene Price, US$/tonne\n\n\nRoyalty Applicable\n\n\n\n\nUp to US$1,500/tonne\n\n\n5.0%\n\n\n\n\nBetween US$1,501 - US$2,500\n\n\n7.0%\n\n\n\n\nBetween US$2,501 - US$3,000\n\n\n10.0%\n\n\n\n\nAbove US$3,000\n\n\n12.0%\n\n\n\n\n\nThe Legislative Instrument will be considered in line with due parliamentary process.\nAll other fiscal terms outlined in the Mining Lease granted in October 2023 remain unchanged (refer announcement of 20 October 2023).\nFollowing the adjournment of Parliament for the festive period, the Company understands that the Select Committee will undertake its review of the revised Mining Lease in the New Year, before providing its recommendation to Parliament for or against ratification.\nThe Company remains confident that ratification of the Mining Lease will be forthcoming in accordance with due parliamentary process. Shareholders should note, however, that there can be no certa...