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for the year ending June 2024, up slightly from the previous year’s loss of $11.5 million, as the company stepped up place of construction at its Ewoyaa project in Ghana, which will be the West African country’s first lithium mine. for Ewoyaa, which is now waiting to be ratified by the country’s parliament.
The executive added that the company has fulfilled the key terms of the lease and now expects the ratification from Ghana’s parliament. Half of the lithium produced at Ewoyaa will be sent to a refinery of US-based Piedmont Lithium , which is the Australian firm’s 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.
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