(Ecofin Agency) - Ghana is preparing for the development of its inaugural lithium mine in collaboration with Australian firm Atlantic Lithium. Local authorities are focused on optimizing the country's gains from the Ewoyaa resources.

Ghanaian investors will soon be able to buy Atlantic Lithium shares on the country’s local stock exchange. The company has secured approval from the Ghana Stock Exchange (GSE) listing committee and the Securities and Exchange Commission to list its ordinary shares on the main market.

The first is already listed on the ASX and AIM exchanges. While the exact date of this third initial public offering is pending, Atlantic Lithium assures that it will not impact its existing listings.

“In listing Atlantic Lithium shares on the GSE, we intend to maximise local participation in the Ewoyaa Lithium Project and align our Ghanaian stakeholders with the long-term success of the Company. We look forward to welcoming new Ghanaian investors onto Atlantic Lithium’s shareholder register”, said Executive Chairman of Atlantic Lithium Neil Herbert.

This development follows the Ghanaian Sovereign Fund's recent investment in Atlantic Lithium's local subsidiary, solidifying Ghana's stake in the company and its future lithium mine venture at Ewoyaa.

Results from a feasibility study released in June 2023 forecast that Ewoyaa could generate over $6 billion in revenue across 12 years, producing 3.6 million tonnes of spodumene concentrate. A local processing project for the concentrate is also under consideration.