Atlantic Lithium: Awards FEED contract for Ewoyaa project to Primero

Atlantic Lithium Awards FEED contract for Ewoyaa project to Primero

• Atlantic Lithium (A11) awards its front-end engineering design contract for the Ewoyaa lithium project to engineering company, Primero
• Primero will help to advance the Ghana-based project to becoming a robust lithium-producing mine by providing its services for a few key tasks
• The contract is valued at US$980,000 (A$1.45 million) and will be paid via a three-stage earn-in agreement with Piedmont Lithium to fund the project towards production
• AtlanticLithium expects to announce an MRE for Ewoyaa in Q1 2023 and will use that to support the planned DFS, expected to be completed by mid-next year
• Shares in AtlanticLithium are down 2.92 per cent, trading at 66.5 cents at 1:50 pm AEDT