Ewoyaa Lithium Project Receives Approval from Ghana’s EPA

Piedmont Lithium, a key North American supplier of lithium essential for the U.S. electric vehicle industry, has announced that Ghana’s Environmental Protection Agency (EPA) has issued an environmental permit for the Ewoyaa Lithium Project. The Ewoyaa Project, a collaboration with Atlantic Lithium Limited, marks a significant step forward in the development of this crucial lithium initiative.

In August 2023, Piedmont Lithium revealed it had opted to acquire a 22.5% stake in the Ewoyaa Project, pending government approvals. This acquisition is part of a staged investment plan that aims to increase Piedmont’s equity interest to 50% in Atlantic Lithium’s Ghanaian lithium portfolio.

Patrick Brindle, Chief Operating Officer of Piedmont Lithium, highlighted the significance of receiving the EPA Permit. He stated, “Receiving the EPA Permit is a major milestone for the Ewoyaa Project. Atlantic Lithium has demonstrated a strong commitment to the responsible development of this project. We are grateful to the EPA and Atlantic Lithium for reaching this important achievement. We eagerly anticipate the ratification of the mining lease and the subsequent construction of the project, subject to final approvals and market conditions.”

The permit from Ghana’s EPA is a crucial development, setting the stage for the project's progression. The next steps include securing the mining lease and completing other necessary approvals before construction can commence.

Piedmont Lithium Inc. is spearheading the development of a premier, multi-faceted lithium enterprise with a focus on advancing the transition to a net zero world and fostering a clean energy economy across North America. The company's objective is to establish itself as one of the leading producers of lithium hydroxide in the region by processing spodumene concentrate from assets in which it holds a financial stake. Among its major projects are the Carolina Lithium and Tennessee Lithium initiatives in the United States. Additionally, Piedmont Lithium is engaged in strategic partnerships with Sayona Mining (ASX: SYA) in Quebec and Atlantic Lithium in Ghana. The company is confident that these geographically diverse operations will be crucial in bolstering America's progress towards energy independence and supporting the widespread adoption of electric vehicles and energy storage solutions. Through its commitment to these projects and partnerships, Piedmont Lithium aims to play a significant role in the global shift towards sustainable energy and the development of a robust clean energy infrastructure in North America. Piedmont’s strategy centers on hard rock lithium production. The company believes that spodumene concentrate is the most commercially scalable and lowest-risk raw material resource available.