Atlantic Lithium Limited has confirmed that a revised Mining Lease for its flagship Ewoyaa Lithium Project has been formally submitted to the Parliament of Ghana and referred to the appropriate Select Committee for consideration. The move represents a critical milestone toward the development of what is expected to become Ghana’s first lithium mine.
In a market update, the Africa-focused lithium exploration and development company said the submission was made in accordance with Ghana’s constitutional and parliamentary requirements governing mineral agreements.
“The Mining Lease includes certain fiscal terms which were incorporated following a period of consultation undertaken by the Minister of Lands and Natural Resources with relevant stakeholders in Ghana in relation to Ghana’s current mining code and the application of royales, which was supported by the Company.”
Atlantic Lithium Limited
The development signals progress in a process that has drawn significant public and policy attention as Ghana positions itself within the global lithium and energy transition value chain.
The company said the revised fiscal terms were designed to align the Ewoyaa project with existing legislation, particularly in relation to royalties and levies.
Sliding Scale Royalties for Lithium Projects
A central feature of the revised framework is the introduction of a sliding-scale royalty regime for lithium projects. Atlantic Lithium noted that the Minister of Lands and Natural Resources has submitted a new Legislative Instrument to Parliament, titled the Minerals and Mining (Royalty) Regulations, 2025.
“The Company notes the submission by the Minister of Lands and Natural Resources to Parliament of a new Legislative Instrument, Minerals and Mining (Royalty) Regulations, 2025.”
Atlantic Lithium Limited
Under the proposed structure, lithium royalties would start at five per cent for spodumene prices of up to US$1,500 per tonne. Royalties would rise to seven per cent when prices range between US$1,501 and US$2,500 per tonne, increase to 10 per cent for prices between US$2,501 and US$3,000 per tonne, and reach a maximum of 12 per cent when prices exceed US$3,000 per tonne.
Industry analysts say the sliding-scale model reflects a growing global trend aimed at balancing investor certainty with the state’s ability to capture greater value during commodity price upswings.
Atlantic Lithium emphasized that the proposed Legislative Instrument will be subject to Ghana’s established parliamentary procedures.
It added that aside from the revised royalty framework and aligned levies, all other fiscal terms contained in the Mining Lease granted in October 2023 remain unchanged. “All other fiscal terms outlined in the Mining Lease granted in October 2023 remain unchanged,” the statement noted, referencing the company’s earlier announcement.
This clarification is expected to reassure investors that the overall commercial structure of the Ewoyaa project remains largely intact, notwithstanding adjustments to royalty arrangements.
Committee Review Expected in the New Year
With Parliament having adjourned for the festive period, Atlantic Lithium said it understands that the Select Committee responsible for reviewing the Mining Lease will resume its work in the New Year.
“Following the adjournment of Parliament for the festive period, the Company understands that the Select Committee will undertake its review of the revised Mining Lease in the New Year.”
Atlantic Lithium Limited
The company expressed confidence that the process would proceed smoothly, stating that it remains optimistic about the outcome.
“Shareholders should note, however, that there can be no certainty that the proposed terms of the Legislative Instrument will not change or that Parliament will indeed ratify the Mining Lease.”
Atlantic Lithium Limited
This caution reflects the broader public debate in Ghana around lithium governance, fiscal terms and value addition, as policymakers seek to balance national interests with the need to attract long-term investment.
The Ewoyaa Lithium Project is widely regarded as a strategic asset for Ghana as the country seeks to diversify its mineral portfolio beyond gold and bauxite.
If approved, the project could position Ghana as a new lithium producer at a time of growing global demand driven by electric vehicles and renewable energy storage.
As Parliament prepares to review the revised Mining Lease, attention will remain focused on how the proposed fiscal framework shapes the future of lithium mining in Ghana and the broader role of the country in the global energy transition.
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