Atlantic Lithium Limited has advanced its flagship Ewoyaa Lithium Project in Ghana as it moves steadily toward production despite a current subdued lithium pricing environment. The company announced that it has secured critical permits – notably obtaining a Water Use Permit from Ghana’s Water Resources Commission – and completed several key environmental and community studies. The firm now awaits the parliamentary ratification of the Ewoyaa Mining Lease, a final step in the permitting process, while actively engaging with local government representatives to negotiate additional fiscal support. With construction approvals in place, the Project is positioned to become both Ghana’s first working lithium mine and one of the world’s largest hard rock spodumene concentrate producers. On the exploration front, Atlantic Lithium reported an updated Mineral Resource Estimate for feldspar of 36.8 million tonnes at 41.9% feldspar, expanding on previous estimates that focused solely on lithium. The enhanced estimate now covers the full life-of-mine spodumene production cycle detailed in the Definitive Feasibility Study, with by-product potentials including quartz and muscovite. Meanwhile, extensive soil geochemical sampling on licences in Côte d’Ivoire has been completed across two major sites, underpinning the company’s broader exploration strategy in the region. The announcement also highlighted ongoing corporate initiatives, including stringent cash conservation measures that have kept cash on hand at A$8.1 million. This aligns with steps taken to reduce marketing, travel, and administration expenses, as well as a reduction in headcount. Funding discussions remain active with Piedmont Lithium Inc. regarding the allocation of development costs, with some dispute noted over a US$6.5 million claim. Board changes were noted with a resignation that reflected broader shifts in regional board representation, and the company’s engagement with the Minerals Income Investment Fund signals a potential US$27.9 million investment into its Ghana portfolio. Bullish sentiment is supported by Atlantic Lithium’s strong progress in securing permitting milestones and advancing its resource estimates, which improve the economic outlook for both spodumene concentrate and feldspar production. The company’s proactive cost management and strategic engagement with key stakeholders further enhance its ability to navigate the current market challenges and position itself for an upswing in lithium prices. Conversely, bearish concerns center on the delay in parliamentary ratification of the mining lease and ongoing funding disputes with Piedmont Lithium, which underscore the uncertainties associated with fiscal negotiations and project financing in a volatile lithium market.