Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has received approval for listing by introduction on the main market of the Ghana Stock Exchange, adding to its ASX, over-the-counter (OTC) and London Stock Exchange AIM listings
As the country’s first near-term lithium producer to list on the GSE, the company believes that admission to trading reflects a pioneering approach to establishing a route to the long-term supply of lithium to support the electrification transition and to meet global climate change objectives.
The company expects its GSE listing to broaden its investor base and increase the company’s visibility both within Ghana and globally.
Atlantic Lithium believes that as its Ewoyaa Lithium Project — which is set to be Ghana's first lithium-producing mine — nears construction and production, its GSE listing will also provide greater wealth creation opportunities for Ghanaians and financial institutions in Ghana, more closely aligning the company with its Ghanaian stakeholders.
Further, the company believes that the GSE listing demonstrates its firm commitment to the long-term development of the Ghanaian economy, enabling Ghanaians to share ownership in the country’s critical mineral production objectives.
Atlantic Lithium will not place or issue any new shares in connection with its listing on the GSE and the listing will have no impact on the company’s AIM or ASX listings.
First lithium company on GSE
Atlantic Lithium executive chairman Neil Herbert said: “As the first lithium company to commence trading on the Ghana Stock Exchange, Atlantic Lithium’s Admission represents a new chapter in the country’s esteemed mining history.
“By offering Atlantic Lithium shares on the GSE, we aim to maximise local participation in the project and more closely align our Ghanaian stakeholders with the long-term success of the company.
"In addition, we believe we provide the opportunity for Ghanaian investors to contribute towards and share ownership in the advancement of Ghana’s first lithium mine and the emergence of its promising green minerals industry.
“Atlantic Lithium’s GSE listing comes at an exciting juncture in the development of the Ewoyaa Lithium Project.
"Over the next couple of months, we expect to complete several major events that will significantly progress the project towards mine construction. This includes the conclusion of the competitive offtake partnering process, the ratification of the Mining Lease by parliament and the grant of the final permits required by the company to start construction at Ewoyaa.
“We are proud to be driving the country’s lithium production ambitions and, ultimately, delivering generational benefits to Ghana and Ghanaians.
“The company is proud to have been operating in Ghana since 2016 when it began initial exploration activities. As such, listing on the GSE represents a major milestone in the company’s journey in Ghana.”