Officials of Atlantic Lithium at the exhibition stand at the just WAMPEX /WAMPOC
Atlantic Lithium has participated in the just ended 17th Edition of the West African Mining and Power Conference and Exhibition (WAMPOC/WAMPEX) in Accra.
The company apart from being a headline sponsor of the prestigious mining confab also mounted an exhibition to interact with visitors and potential investors about its operations.
The General Manager, Operations of Atlantic Lithium, Ahmed-Salim Adam joined two breakout sessions as a Panellist on the topics “Development of West Africa’s Critical Resources for Sustainable Development” and “Attracting Exploration Investments into the Sub-Region”
At the first session, Adam indicated that this is the best time to buy the company’s shares on the Ghana Stock Exchange.
“In our case, we were listed on the GSE during our pre-production phase, thus making it a very good time to buy Atlantic Lithium shares, the shares are traded live as is done for the London and Australia Stock Exchange and the Ghana Stock Exchange is supportive of that, everybody has the opportunity to own Atlantic Lithium shares.”
“Again, this is something we had to do, as part of the Mining Lease requirements, and we spear headed this because share prices are currently up,” Adam said.
Wrapping up with the second session Adam emphasised the need for government to invest in exploration as a strategic way of deepening local ownership in the extractive sector.
“We do not see the need to put money in exploration or encourage our locals to explore. that is the beginning of ownership.
“But we wait till we hear that there is GHC 6 billion revenue coming and people say why is it that we are only having 13% but it started somewhere, 10-years ago and with 5 or 10% success and we in the industry understand it.”
“And I think that government needs to make deliberate decision, if the ambition really is to domesticate and regionalize stakes,” Adam said.
This years three-day event offered an ideal platform for investors, mining companies, financiers, and suppliers of a variety of equipment, goods, and services to further develop business interests and promote new opportunities in the value chain of West Africa’s Mining and Power sectors.
WAMPOC/WAMPEX commenced in 1994 and has become a major forum attracting mining and power professionals from more across the globe, making it one of the most important meeting places for the West African mining industry.
The African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine became the first lithium company to list on the Ghana Stock Exchange on Monday,13 May,2024.
Atlantic Lithium is an AIM and ASX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country’s first lithium-producing mine.
The Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the largest spodumene concentrate mines in the world.
The Project, which was awarded a Mining Lease in October 2023, is being developed under an earn-in agreement with Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium projects within 509km2 and 774km2 of granted and under-application tenure across Ghana and Côte d’Ivoire respectively, which, in addition to the Project, comprises significantly under-explored, highly prospective licences.
Reporting by Fred Dzakpata in Accra
