Australian mining conglomerate, Atlantic Lithium Limited will begin trading on the Ghana Stock Exchange (GSE) from May 2024 after a successful listing. The firm, which seeks to undertake the mining of lithium in Ewoyaa, Central Region, will oversee mining assets in both Ghana and Cote d’Ivoire. Atlantic Lithium has 649,669,053 outstanding shares and a market capitalisation of GH¢2.17 billion as at April 2024.

Listing on the GSE is an indication of Atlantic Lithium’s determination to undertake the Ewoyaa Project, Ghana’s first lithium mine estimated to produce 3.6Mt spodumene concentrate over 12 years. The mining deal has come under criticism from civil society for excluding parliament, inadequate local participation, and for similarity to other mining agreements which have not transformed Ghana’s economy.

The shares are expected to be listed at about GH¢3.34 per share. You can download the prospectus for the listing here.

Update: Early trade on the GSE saw the stock exchange hands at GHS4.40.