Atlantic Lithium Share Discussion Threads

[albert35911] 07/8/2023 16:37

Blue orca must be laughing at this.

[albert35911] 07/8/2023 16:36

Ever get the feeling you’ve been had,well you have here for sure.

[bobbym82] 07/8/2023 16:10

Just an overbearing politician talking tough for his constituency IMO. How many times do you see politicians talking bol10x in the U.K.?It will be the Ghana Minerals Commission that will establish the framework, royalties etc, as stated in the RNS, to which the company have been in negotiations with for a long while. In the worst case, an orchestrated shake of the price in order to invest some of their IMF loan at a more favourable level of return, which should fund another large part of the project in addition to the Piedmont commitment. A deal is close I suspect. AIMO. DYOR.

[neo26] 07/8/2023 16:06

All getting screwed, africa is changing...

[impossible123] 07/8/2023 15:47

This was sort of expected given the location and precedence of a government in Africa. It's part and parcel of doing business in Africa. And, Ghana will not be the last country in Africa either to hold a mining company to ransom.

The last episode was painful, this has just compounded the misery for shareholders.

[l0ngterm] 07/8/2023 15:46

So the company have had insight, 1st mover advantage/engagement. The Company confirms that it has been in regular discussion with Ghana's Minerals Commission, which is responsible for the determination and application of legislation within the mining sector, with regards to establishing a framework which is attractive for companies aiming to extract Ghana's natural resources, while also ensuring maximum value is delivered to Ghana and Ghanaians.Atlantic Lithium is not in a position to disclose the nature of these discussions at this stage and will update the market with any developments when it is appropriate to do so.The Company recognises the strong support in-country to deliver a successful production operation at its Ewoyaa Lithium Project ("Ewoyaa" or the "Project"), which is on track to become Ghana's first lithium mine, and remains of the belief that it will be granted the Mining Lease required to advance the Project

[l0ngterm] 07/8/2023 15:43

Ghana ministers in the Bloomberg interview stated they do not have the supply chain capability so would need to be phased approach. As stated below ALL had already taken this into consideration.

[aeu97137] 07/8/2023 15:41

@farrugia - ALL were not planning to export raw DSO, only Spod concentrate, so this isn't new news. Ewoyaa isn't large enough to justify building lithium refining in Ghana, and as the government hardly has 2 beans to rub together, they will need to attract more investment for that

[bigglesbingham] 07/8/2023 15:32

Not great news but they have to make any deal acceptable or forge in investment is dead in water for them and they have alluded to the fact. So essentially potentially bigger cut to gov but the license will go ahead imho as no other alternative to either party

[farrugia] 07/8/2023 15:14

if they don't want the raw lithium exported that really complicates matters for ALL doesn't it!?

[gbh2] 07/8/2023 14:59

great buy op.

LOL

[farrugia] 07/8/2023 14:21

higher mineral royalties

"For instance, he said, while Act 703 set the rate for mineral royalties at between three and five per cent, the new policy would see a different royalty regime for green minerals.

“I wrote to the Chief Executive Officer of the Minerals Commission last week and asked him to present to me a strategy document within a week for the implementation of the tenets of this policy. We want to get on with this as quickly as possible,” the minister said

Policy implications

"For some reasons, I will not give the rate for green mineral royalties yet, but suffice to say that it is going to be higher than what we have now relating to gold. The point is that we will have a different royalty regime for green minerals as opposed to gold and others," Mr Jinapor said.

The minister also said the new policy would insist on a higher level of local participation in the green minerals value chain as opposed to the 10 per cent vested interest the state had currently in mining entities.

"We will insist on a certain minimum Ghanaian participation that will obviously be more and better than the 10 per cent. I am reluctant to put specific figures out now on this. There is a Cabinet decision on a baseline, and we will not go below that in any negotiation for our lithium and other green minerals," he said"

[farrugia] 07/8/2023 14:10

no license and stock price cratering now because Ghana doesn't want export of raw lithium?

""Therefore, mining and export of lithium in its raw form is a triple no," he stressed.

Mr Jinapor said the policy was also focused on putting in place incentives and measures to attract the needed investments, adding that stabilisation clauses, development agreements and other measures would be put in place to give investors the comfort to put their resources in the sector.

He said the arrangement would be done in a manner that would ensure a fair balance to have a win-win situation for both the country and the investor community.

"We will do negotiations on a case-by-case basis, and this will be within the context of this new policy," he said."

[bobbym82] 07/8/2023 12:49

https://www.bloomberg.com/news/articles/2023-08-07/ghana-approves-green-minerals-policy-to-tap-into-trillion-dollar-lithium-market

[neo26] 03/8/2023 15:34

Over 1 year they been banging on about ML.

[albert35911] 03/8/2023 14:53

Neo…. jam tomorrow

[plasybryn] 03/8/2023 14:17

late Q3 early Q4 is my take.

[neo26] 03/8/2023 13:23

What is coming months, 6 months?

[ukgeorge] 03/8/2023 12:16

It was first submitted in October, but then we had the update hidden in the June RNS.




13 October 2022
Mining Licence Application Lodged for Ewoyaa


Then in this RNS

20 June 2023 Initial Infill Drilling Results

· Awaiting approval of Mankessim licence consolidation ahead of resubmission of Mining Lease application for the Project.

"We also await approval of the consolidation of the licence covering the proposed mine and processing plant site, which was undertaken to facilitate a smoother approvals process and simplified operational structure, as advised by Ghana's Minerals Commission Technical Committee.

"The Company expects no further major amendments to the application, so believes that the Mining Lease will be granted for the Project in the coming months.

[l0ngterm] 03/8/2023 11:59

Does anyone know how long the ML has been sitting at the approval stage online?

[lenses] 02/8/2023 18:40

Vincent? Let's see......

'The atlantic team has made impressive progress in bringing this project from first securing of propective ground to sale of product in just eight years when the average new lithium mine is taking 10 to 15 years'

Then again may end up as 8 1/2 years..... or even 9!

What a failure.

[l0ngterm] 02/8/2023 16:53

Just a guess but most likely "Where is my ML"