Huayou Cobalt to acquire 87% stake in Ghana's Ewoyaa Lithium Project
2026-05-11 15:05:42 [Print]
Huayou Cobalt, through its subsidiary, has agreed to acquire Piedmont's entire suite of contractual rights and obligations under various agreements with Atlantic Lithium's Singapore subsidiary for USD70.9 million. Combined with the company's previously announced plan on May 7 to acquire 100% of Atlantic Lithium for USD210 million, Huayou would indirectly hold an 87% interest in the Ewoyaa lithium project should both deals close.
The Ewoyaa project is a high-quality lithium asset, with JORC-compliant total mineral resources of 36.8 million tonnes at 1.24% lithium oxide, equivalent to approximately 1.13 million tonnes of lithium carbonate equivalent (LCE).
A mining lease for Ewoyaa was granted in 2023 and received final parliamentary ratification in March 2026, marking the first-ever mining lease for a lithium operation to be approved by Ghana's parliament.
The Ewoyaa project is a high-quality lithium asset, with JORC-compliant total mineral resources of 36.8 million tonnes at 1.24% lithium oxide, equivalent to approximately 1.13 million tonnes of lithium carbonate equivalent (LCE).
A mining lease for Ewoyaa was granted in 2023 and received final parliamentary ratification in March 2026, marking the first-ever mining lease for a lithium operation to be approved by Ghana's parliament.
Spodumene Li2O 5%min In port China
Unit:RMB/dmtu
China lithium cobaltate producers' inventory statistics by province by month
Unit: mt
