Atlantic Lithium suspends work at Ewoyaa project following fatal accident

Atlantic
Lithium
has
suspended
operations
at
its
Ewoyaa
lithium
project
in
Ghana
after
a
fatal
accident
occurred
earlier
this
week.

The
Australian
company
reported
that
authorities
have
been
informed,
and
an
investigation
is
currently
underway
to
determine
the
circumstances
leading
to
the
incident.

The
Ewoyaa
project,
which
secured
a
15-year
permit
in
October
last
year,
is
set
to
become
Ghana’s
first
lithium
operation.

Half
of
the
lithium
produced
at
Ewoyaa
will
be
sent
to
a
refinery
owned
by
US-based
Piedmont
Lithium,
Atlantic’s
second-largest
shareholder,
which
has
committed
to
funding
most
of
the
mine’s
construction.

Atlantic
plans
to
produce
a
total
of
3.6
million
tonnes
of
spodumene
concentrate,
or
350,000
tonnes
annually,
over
12
years
from
the
site.

This
output
would
position
Ewoyaa
as
the
world’s
10th-largest
lithium
project,
according
to
the
company.

The
company
has
a
market
capitalization
of
£123
million
($156
million).