https://www.miningweekly.com
Africa|Exploration|PROJECT|Equipment
Africa|Exploration|PROJECT|Equipment
africa|exploration|project|equipment

Atlantic completes Stage 1 of its offtake partner process

25th January 2024

By: Creamer Media Reporter

     

Font size: - +

Africa-focused lithium exploration and development company Atlantic Lithium has completed Stage 1 of its competitive offtake partnering process to secure funding for a portion of the remaining 50% available feedstock from the Ewoyaa project, in Ghana.

The objective of the process is to attract funding offers to sufficiently cover the company's allocation of development expenditure for the project, to expedite and de-risk the development of the project, realise attractive terms for any offtake contracted and secure a well-credentialled partner that will support the company's and Ghana's objectives of supplying lithium into the global electric vehicle market.

Following significant inbound interest prior to the commencement of the offtake process, and the receipt of bids from interested parties through Stage 1, Altantic has moved to a more detailed Stage 2 due diligence phase.

The competitive offtake process is being led by global investment bank, Macquarie Capital.

"As one of very few near-term spodumene producers with available offtake yet to be committed, the ongoing partnering process that we are running with Macquarie has highlighted the significant interest in Ewoyaa's feedstock, despite the backdrop of weakened lithium prices.

"Prior to the commencement of the offtake partnering process, we received strong interest from a number of parties across the battery minerals space, including original-equipment manufacturers, battery gigafactories, traders and chemical processors. Non-binding indicative offers were received and reviewed during Stage 1, and we now move to Stage 2 with a number of preferred parties," says Atlantic chairperson Neil Herbert.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 06 December 2024
Magazine round up | 06 December 2024
6th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.057 0.089s - 128pq - 2rq
Subscribe Now