EWOYAA LITHIUM PROJECT GETS THE GREEN LIGHT
PROJECTS AND EXPLORATION •
“ Bekisopa’ s value is immense, starting with the low capital and operating cost of direct shipping iron ore operation and potentially growing into a world-class, high-grade iron ore operation, underpinned by an exploration target of 500 million to 1 billion tonnes. This milestone positions AKORA to deliver significant shareholder value while delivering real, tangible economic and social benefits in Madagascar. Madagascar’ s new leadership has demonstrated a clear commitment to building a sustainable investment-ready mining sector. The efficient granting of our mining permit is a strong endorsement of that vision and reflects the focus of the government to deliver long-term prosperity and meaningful benefits to the people of Madagascar,” said Bird.
“ Finally, our participation at the Mining Indaba conference from 9 – 12 February 2026, in Cape Town, South Africa, generated strong interest in the project, with highly encouraging feedback from several potential strategic partners as well as key investment and financial stakeholders. The quality and depth of engagement reinforced our view of the project’ s strategic value and development potential. We will be actively following up on these leads over the coming weeks as we progress discussions and evaluate partnership and financing opportunities,” concluded Bird.
Source: supplied by AKORA Resources
Madagascar’ s new leadership has demonstrated a clear commitment to building a sustainable investment-ready mining sector.
Ratification constitutes the parliament of Ghana ' s formal approval of the proposed Ewoyaa Lithium Mine and Processing Plant, enabling the company to advance discussions relating to project funding and continue its progress towards a Project Final Investment Decision.
The Ewoyaa Mining lease is the first to be granted and ratified for the mining of lithium in Ghana, highlighting the government ' s support of the company ' s lithium production ambitions.
Under the terms of the lease, which was initially granted by Ghana ' s Ministry of Lands and Natural Resources in October 2023, the company has the exclusive rights to carry out mining and commercial production activities over the mining lease area for an initial 15-year period, renewable in accordance with Ghanaian legislation.
The ratified mining lease includes certain fiscal terms which were incorporated following Government consultation with relevant in-country stakeholders. The revised terms comprise the alignment of the project ' s royalty rate and Growth and Sustainability Levy to current legislated rates in Ghana.
The company notes that, following the expiration of the 21-day review period, a new Legislative Instrument, Minerals and Mining( Royalty) Regulations, 2025, which outlines the following sliding scale in relation to royalty rates for lithium projects in Ghana, has become legally binding:
Spodumene price, USD / tonne Up to USD1 500 5.0 % Between USD1 500 – USD2 300 7.0 % Between USD2 300 – USD3 200 10.0 % Above USD3 200 12.0 %
Royalty applicable
All other fiscal terms outlined in the mining lease granted in October 2023 remain unchanged.
The revised terms are intended to ensure that the project generates returns to shareholders, while maximising socio-economic value for Ghana and Ghanaians, particularly the residents of the project ' s catchment area communities in the central region, in the context of the prevailing lithium market conditions.
Natanaelginting on Magnific
EWOYAA LITHIUM PROJECT GETS THE GREEN LIGHT
Location: Ghana Phase: Development Resource: Lithium
The Ewoyaa Lithium Project is set to transition from the permitting phase into the development stage after Ghana’ s parliament gave Atlantic Lithium Limited approval for the mining lease in mid- March 2026.
Commenting, Keith Muller, CEO of Atlantic Lithium, said: " Parliamentary ratification of the Mining Lease for the Ewoyaa Lithium Project marks a watershed moment for both Ghana and Atlantic Lithium. We are delighted to have the full support of the government as we work towards achieving the first production of spodumene. Having already built itself to become a leading gold producer, Ghana has now taken a major step towards a new lithium future.”
" We are grateful to our stakeholders in Ghana, notably the relevant authorities, who have supported the company throughout the project ' s permitting process, and the residents of our local communities in the central region who have continued to voice their endorsement of the company. I would also like to thank every member of our team for their tireless, collective effort, which has resulted in this achievement. It is not lost on us that, despite the delays to ratification that we have experienced, we have been able to secure full permitting for the project in a timeframe that would not be possible in many jurisdictions.
www. africanmining. co. za African Mining Publication African Mining African Mining • June 2026 • 11