Atlantic Lithium Lists On GSE - First Greenfield Company On Ghanaian Bourse.

Atlantic Lithium, the entity overseeing the Ewoyaa Lithium Project in the Central Region, became the first international green minerals company to list its shares on the Ghana Stock Exchange (GSE).

Coming seven months after its subsidiary, Barari DV Ghana Ltd, was granted the country’s first lithium mining lease, Atlantic Lithium is initially offering shares valued at about GH¢650 million on the Ghanaian capital market, with an indicative price of GH¢4.40 per share. The Minister of Lands and Natural Resources, Samuel Abu Jinapor, told the Daily Graphic yesterday that Atlantic Lithium had made history as the first greenfield company to list on the GSE. Mr Jinapor also said the agreement between the state and the corporation was arguably the best approach to indigenising the mining sector and enhancing value addition for all stakeholders. GTbank dormant Account “This feat is historic because it is the first time in the history of this country that a greenfield project has been listed on the GSE. This is to say that a company that has just completed feasibility and about to start construction has listed on the GSE”. “It is equally refreshing to note that the listing of the shares of Atlantic Lithium on the GSE is in fulfilment of a key conditionality in the mining lease as stated clearly in the last paragraph under Schedule Two of the Mining Lease,” he said. Context Atlantic Lithium was granted a mining lease to mine lithium at Ewoyaa in October 2023 after going through laid down processes. As a measure to ensure that other interested Ghanaians benefit from the mining operation, the company was required, under the new mining policy, to list on the GSE and its shares made available to Ghanaian entities, individuals and pension funds. It was also required to pay one per cent of its revenue into a Community Development Fund to be used for the development of communities impacted by their operations. In terms of value addition, the company was mandated to submit a feasibility study for the utilisation of feldspar and the establishment of a chemical plant.