Atlantic Lithium Limited, the African-focused lithium exploration and development company aiming to establish Ghana’s first lithium mine, today announced the addition of Edward Nana Yaw Koranteng to its Board of Directors as a Non-Executive Director. This appointment comes as part of the Company’s strategic move to bolster its leadership team with expertise in corporate governance, finance, and the mining sector, particularly in Africa.
Edward Koranteng brings over 23 years of extensive experience in law, corporate, and investment banking. Currently serving as the Chief Executive Officer of the Minerals Income Investment Fund (MIIF) since 2021, he oversees Ghana’s sovereign minerals wealth fund. In this role, he manages Ghana’s equity interests in mining companies, oversees the collection of mining royalties, and fosters sustainable investment in the mining sector to bolster its growth.
“It gives me great pleasure to welcome Edward to the Atlantic Lithium Board, assuming the position available to the Minerals Income Investment Fund as agreed under the terms of MIIF’s US$5m Subscription in the Company, which was completed in January 2024. Enabling greater Ghanaian representation in the strategic direction of the Company and the Ewoyaa Lithium Project, Edward’s appointment more closely aligns the Company’s objectives and the advancement of the Project with its Ghanaian stakeholders.”
Edward Nana Yaw Koranteng, Non-Executive Director, Atlantic Lithium
Koranteng’s appointment aligns with MIIF’s recent investment in Atlantic Lithium, marking the beginning of a significant partnership aimed at accelerating the development of the Company’s flagship Ewoyaa Lithium Project. The US$5 million investment by MIIF is the initial phase of a larger commitment totaling US$32.9 million, demonstrating confidence in Atlantic Lithium’s potential to transform Ghana’s lithium landscape.
Before his role at MIIF, Koranteng served as the Business Head for East, Central, and Southern Africa at Ghana International Bank plc (GHIB), where he spearheaded financing projects across several African countries. His career also includes a stint at the Chase Bank Group (now SBM Bank of Mauritius) as the Group Head for Energy, Oil, Gas, and Mining, further cementing his expertise in these sectors.
In addition to his professional achievements, Koranteng is recognized for his contributions to the legal profession in Ghana, having co-founded one of the country’s leading law firms, Koranteng & Koranteng Legal Advisors. He currently serves on the boards of Asante Gold Corporation, the Minerals Income Investment Fund, and Glico General Insurance Ltd, underscoring his commitment to corporate excellence and community involvement.
Edward Koranteng expressed enthusiasm about his new role at Atlantic Lithium, emphasizing his commitment to contributing to the company’s growth and success. He highlighted the significance of MIIF’s investment in Atlantic Lithium, stating that it is based on the strong potential of the Ewoyaa Lithium Project and the broader opportunities within the company’s portfolio. Koranteng believes that this investment will not only yield substantial returns but also play a crucial role in advancing Ghana’s green energy initiatives.
He underscored the alignment between MIIF’s investment strategy and the government’s goals for the mining sector, aiming to solidify Ghana’s position as a premier mining destination in Africa. Koranteng is confident that with the combined efforts of MIIF, the government, and Atlantic Lithium’s management, the Ewoyaa Lithium Project will be successfully executed.
Edward Koranteng further stated, “I look forward to working with the Board and Management of Atlantic Lithium towards the goal of developing the world-class Ewoyaa Mine and achieving full lithium production.”
Edward Nana Yaw Koranteng’s appointment to Atlantic Lithium’s Board of Directors represents a pivotal moment for the Company, bringing onboard a seasoned leader with a proven track record in corporate governance, finance, and the mining sector. With Koranteng’s expertise and guidance, Atlantic Lithium is well-positioned to navigate the complexities of the global lithium market and achieve its goal of delivering Ghana’s first lithium mine.
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