Piedmont Lithium has thrown its support behind Atlantic Lithium’s development of Ewoyaa.
Production of spodumene concentrate and secondary product are targeted for the second quarter of 2025.Piedmont Lithium has thrown its support behind Aim- and ASX-listed Atlantic Lithium’s development of Ewoyaa.
Atlantic reported in late August that Piedmont had notified the company of its intent to support the development of Ewoyaa towards production. As part of a staged investment agreement to earn a 50% interest in Atlanic’s spodumene projects, in Ghana, Piedmont has exercised its option to acquire an initial 22.5% interest to fast-track the development of the project.
To earn the full 50% interest in Atlantic’s Ghana portfolio, Piedmont will sole-fund the first $70-million, and 50% of any additional development expenditure, towards the total $185-million development expenditure for the project indicated in the definitive feasibility study. Atlantic has said that this stage of funding will result in the construction and initial production of spodumene concentrate at the project, with production for 2025, after required licences and approvals have been received.Atlantic Minerals, tel +61 2 8072 0640 or email [email protected].
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