Purpose-, ASX- and Ghana Inventory Change-listed Atlantic Lithium has appointed Edward Koranteng as a nonexecutive director to the board efficient instantly.
As a lawyer and skilled company funding banker with expertise in Ghana, he can help the corporate’s targets of delivering the nation’s first lithium mine.
Koranteng has been CEO of Ghana’s sovereign minerals wealth fund, Minerals Revenue Funding Fund (MIIF), since 2021.
On this place, he has overseen the administration of Ghana’s fairness pursuits in mining corporations, in addition to the royalties paid by mining corporations to the State.
His appointment as a nonexecutive director is according to Atlantic’s agreed phrases of the MIIF’s $5-million subscription within the firm. The subscription kinds a part of Atlantic’s deliberate Section 1 funding of $32.9-million to expedite the event of the Ewoyaa lithium undertaking.
Koranteng additionally beforehand held the enterprise head position for Ghana Worldwide Financial institution’s East, Central and Southern Africa portfolio, throughout which he led numerous financing tasks in Ethiopia, Ghana, Tanzania, Kenya and Malawi.
Atlantic chairperson Neil Herbert feedback that Koranteng’s appointment will allow larger Ghanaian illustration within the strategic course of the corporate and Ewoyaa.
He says Koranteng’s authorized and company expertise will contribute tremendously to the development of the undertaking.
Atlantic is within the technique of finalising a second stage of funding from the MIIF within the firm.
Commenting on behalf of the MIIF, Koranteng says its funding in Atlantic additionally helps the federal government of Ghana’s goal to make sure the nation stays a most popular mining vacation spot on the continent.
He seems ahead to working with the Atlantic board to develop the world-class Ewoyaa mine to full manufacturing.
