Member Info for L0ngterm

@JackB14 it’s definitely one of those days, will be interesting next week when the report lands, the scrambling about to get in.

Err they have been saying that for a year or so! See below, it kinda makes sense 😂

https://www.proactiveinvestors.co.uk/companies/news/1072752/atlantic-lithium-streamlines-management-costs-1072752.html

And for clarity it won’t be in the week ahead statement.

@JackB14 of course, it all adds to the drama! The committee report/findings can be issued any sitting day back to Parliament.

All minerals, however the current lease agreements for these minerals need to expire for the changes to apply.

Atlantic let’s say was the guinea pig, the fact if the majority government don’t approve/ratify the 1st new lease that meets their new royalties, after changing the laws then what does that say!

I literally think the board has followed too much of the drama in Ghana, and a step back here and look at the bigger picture.

What has the new majority done that wouldn’t give us confidence?

They pulled the ratification to fix it

Resubmitted it to meet the requirements

Changed the laws for royalties

Engaged the community

Ran the review sessions on royalties

All of which they said on December 19th would happen. and have executed a lot faster on this , than I would bet anyone of us expected.

Also noting spud price heading back up,

We now have had two take over offers

Our partners are generating money (elevra)

The royalties changes have been completed.

Review committee engagements completed.

Massive noise reduction across the board.

In fairness it’s looking a lot more stacked on the positive side now that it has ever been.

Well we all know the drama in the Ghana, and we all knew the company can’t state anything until the committee’s report is passed back. Which can be dropped any day.

So scratching my head here on why anyone is shocked about the companies update, but it is a great little roller coaster 🎢 GLA.

The company won’t know though. As it’s released by the committee, so unless it’s mentioned at the 1pm (from memory) weekly business statement from parliament, and then results are released after this they will be none the wiser.

Totally missed the point that he should be there for the debate and the vote, as he is the head of the ministry.

And to answer the question, we were at 3 in December, when it got pulled by the current government, changed and resubmitted by the current gov. back into 3.

All steps below and we are at 3, hopefully going into 4. Then it’s down to the speaker to schedule debates and vote.

1. Pre-Parliamentary Approval

Cabinet Approval: The mining agreement is negotiated by the Ministry of Lands and Natural Resources and must receive cabinet approval before being submitted to Parliament.

2. Tabling in Parliament (First Reading)

Laying the Paper: The Minister of Lands and Natural Resources formally tables the mining lease document in Parliament.

Referral to Committee: The Speaker of Parliament refers the agreement to the Select Committee on Mines and Energy (or sometimes the Lands and Forestry Committee) for review.

3. Review by the Select Committee (The "Deep Dive")

Stakeholder Engagement: The Committee reviews the lease in detail, holding public hearings, and receiving input from civil society groups, industry experts, the Minerals Commission, and affected community leaders.

Due Diligence: The committee scrutinizes the terms: royalty rates, corporate taxes, free-carried interest (usually 10%), community development agreements, and stability clauses.

Report Generation: The Committee compiles a report recommending approval, revision, or rejection of the lease.

Withdrawal/Amendment (Optional): If serious concerns are raised, the government may withdraw the agreement for renegotiation before the report is finalized (e.g., the 2025 Ewoyaa Lithium deal).

4. Back to Plenary (Debate and Adoption of Report)

Tabling the Report: The Chairman of the Select Committee presents the Committee’s report to the House.

Debate: Members of Parliament (MPs) debate the merits and demerits of the mining agreement, often focusing on national benefits.

Amendment of Agreement: Based on the debate, the agreement may be amended.

5. Vote and Ratification

The Vote: The Speaker calls for a vote, usually by voice vote or show of hands.

Adoption: If approved, the House adopts the Committee report.

Ratification: The formal ratification is completed, making the agreement a valid contract under Ghanaian law

Goes to the committee and the report back. The 2nd part hasn’t happened as of yet.

Checking standard timelines, it seems that the committee report back their findings/recommendations to parliament. The. usually within 1-3 days they will vote on in Parliament.

Food for thought jeez auto spell sucks

Window Likelihood Rationale

16 – 20 March 25%

Early Presentation. High likelihood the Committee report is "laid" on the table, but a same-week vote is rare for high-profile mining leases unless "Urgency" is invoked.

23 – 27 March 60%

The "Sweet Spot." This is the final full sitting week before the typical April recess. Expect the Ministry of Lands and Natural Resources to push for a vote here to de-risk the project for Q2 financing.

To save trawling through, has anything changed or the business update from Parliament been issued?

FIFA is going to run out of footballs at this rate! I am generally concerned that we won’t be able to play Kerbie, never mind the World Cup!

The herd must be close! Please make it stop!

I think due to the previous roller coaster,it will be just after the ratification, happy to be wrong but think those who want in will be in by the end of the week. Not checked MFI but would expect an increase over the next few days. Then it will be after rat as my guess, may even take a few by surprise.