Atlantic Lithium’s Ewoyaa Project is accelerating towards becoming a major player in the global lithium market. Located in Ghana’s Central Region, this project has the potential to establish Ghana as a key contributor to the electric vehicle (EV) battery supply chain. As the world seeks sustainable energy solutions, Ewoyaa’s rich lithium reserves are poised to address the ever-growing demand for lithium-ion batteries.
Following a series of successful milestones in 2024, Atlantic Lithium has positioned the Ewoyaa project for rapid progress. The project’s Definitive Feasibility Study (DFS) has revealed exceptional economic potential, forecasting life-of-mine revenues of $6.6 billion over 12 years. The mine is projected to produce 3.6 million tonnes of spodumene concentrate—an essential material for battery manufacturers. Impressively, the project is set to generate an internal rate of return (IRR) of 105% and recover its initial capital investment within just 19 months, reinforcing its strong financial outlook
One of the project’s key advantages is its favorable geographic and infrastructure setup. Ewoyaa is strategically located near Ghana’s port, making it an attractive source of lithium for global markets. With a low water- and energy-intensive processing system and close proximity to the national grid, the project is well-positioned to contribute to a greener future. Additionally, its Dense Media Separation (DMS) process, which will be used to extract lithium, minimizes environmental impact while maximizing output
Moreover, Atlantic Lithium is committed to community development. Beyond the job creation for over 800 Ghanaians, the company has pledged 1% of retained earnings towards local initiatives. This ensures that the surrounding communities directly benefit from the project’s success
The Ewoyaa Project represents a significant opportunity for Ghana to diversify its economy and become a major player in the green energy revolution, particularly as demand for EV batteries and renewable energy storage soars.
