CORRECTED-Atlantic Lithium says it is confident of getting mining lease in Ghana (Aug 7)

By Reuters / August 07, 2023 / www.kitco.com / Article Link

(In Aug 7 story, corrects to 2021 from 2011 in third paragraphand removes incorrect paragraph on Piedmont's supply to Teslarelying partly on Atlantic's Ghana operations) Aug 7 (Reuters) - Atlantic Lithium said onMonday the Africa-focused company was confident of getting alease for a lithium mine in Ghana following the approval of agreen minerals policy by the country's government. The company said the new policy included "changes to themining royalty rate and the state's carried interest in mineralsprojects" and that Atlantic Lithium was in talks with Ghana'sMinerals Commission. In 2021, Piedmont Lithium invested $100 million inthe company to secure spodumene, or high-purity lithium ore,from Atlantic Lithium's mine in Ghana. In March, short seller Blue Orca Capital alleged AtlanticLithium obtained key Ghana mining licenses by making secretpayments. The company had rejected the allegations. (Reporting by Seher Dareen in Bengaluru; Editing by ShounakDasgupta)

70128, if within U.S. call +1 646 223 8780)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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