Atlantic Lithium Limited has announced significant job cuts, attributing the decision to delays in the ratification of its Ewoyaa Mining Lease and declining lithium prices.
The company stated that the move is part of efforts to reallocate resources toward advancing Ghana's first lithium mine.
The announcement was made during the company's 2024 Annual General Meeting, where Chief Executive Officer Keith Muller highlighted the challenges. "The ratification of the Mining Lease now represents the final regulatory step in the permitting process to enable the Company to break ground at Ewoyaa.
We had expected that the Mining Lease would have been ratified by now.