In today's Atlantic Lithium (ALL) RNS it was mentioned that the company welcomes Ghana's sovereign minerals wealth fund, the Minerals Income Investment Fund ("MIIF"), onto its shareholder register following the completion of MIIF's US$5m Subscription, part of its total US$32.9m Strategic Investment to support the development of the Ewoyaa Lithium Project.
Neil Herbert, Executive Chairman of Atlantic Lithium, commented in the RNS:
"I am delighted to welcome Ghana's sovereign wealth fund, MIIF, onto the Atlantic Lithium register as a highly valued shareholder and partner. MIIF's Strategic Investment recognises the considerable, long-lasting benefits that the Company, through lithium production at Ewoyaa and the broader Cape Coast Lithium Portfolio, can bring to Ghana, while also being indicative of Atlantic Lithium's significant value upside to existing and prospective investors.
"As we near the commencement of construction at Ewoyaa later this year, we expect to benefit greatly from MIIF's support. Notably, this includes MIIF's contributing interest towards the Project's development expenditure, which further de-risks the success of the Project.
"We look forward to completing the deal and working alongside MIIF as a partner in achieving Ghana's lithium production ambitions."