Atlantic Lithium Limited, the Ghana focused lithium miner, said it has agreed amendments to its existing funding arrangements with Long State Investments, refining the structure and timing of drawdowns under its previously announced £28mn financing package to provide greater flexibility as it advances the Ewoyaa project. The changes largely relate to the terms of the share placement and committed equity facility, with the company seeking to better align access to capital with market conditions and project milestones. The update reflects a pragmatic approach to funding amid continued volatility in lithium markets and delays to key permitting, with management focused on preserving liquidity while maintaining a pathway to development. Overall, the revised terms are intended to ensure the company retains sufficient financial headroom as it progresses towards a final investment decision on Ghana’s first lithium mine.
The video below, shot in February 2025, provides an overview of the Ewoyaa lithium mine in Ghana