In 2021, Piedmont Lithium acquired an equity interest in Atlantic Lithium with the ability to earn a 50% ownership interest in Atlantic Lithium’s Ghanaian lithium portfolio.
Atlantic Lithium’s flagship Ewoyaa Lithium Project is located in the Cape Coast region of the country. Atlantic Lithium, in partnership with Piedmont Lithium, is working toward a goal of having the Ewoyaa Lithium Project licensed and permitted in 2023. Construction should follow shortly thereafter, and production of spodumene concentrate is planned to start by the end of 2024.
Approximately 70 miles from a major port and located along a national highway
Moderate transport distance to North America for lithium hydroxide conversion
High-grade, coarse-grained spodumene
Employment opportunities for the local workforce
Adjacent hydroelectric power lines for future renewable electricity supply
Supplying Spodumene Concentrate to the United States
The agreement with Atlantic Lithium provides critical access to spodumene concentrate as well as the infrastructure to transport it to the United States.
In addition to our equity investment, Piedmont holds an offtake agreement with Atlantic Lithium to purchase 50% of the spodumene concentrate produced by the Ewoyaa Lithium Project on a life-of-mine basis.
This offtake agreement will help supply the valuable resource to Tennessee Lithium, where it will be converted to lithium hydroxide to deliver battery-grade lithium to the EV and battery markets.