Atlantic Lithium Limited, the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine has appointed Edward Nana Yaw Koranteng to the company’s board of directors as independent non-executive director, effective immediately.
Edward Koranteng is a lawyer and an experienced corporate and investment banker with over 23 years of experince.
He has held the position of chief executive officer of the Minerals Income Investment Fund (“MIIF”), Ghana’s sovereign minerals wealth fund, since 2021.
As CEO, he oversees the management of Ghana’s equity interest in mining companies, manages all royalties paid to the state from mining activities and supports the growth of the mining industry through long term, sustainable investments in the sector.
Koranteng assumes the role of independent non-executive director in line with the agreed terms of MIIF’s US$5 million subscription in the Company (refer announcement of 24 January 2024), which forms the first part of its planned US$32.9 million total investment in Atlantic Lithium and its Ghanaian subsidiaries to expedite the development of the Company’s flagship Ewoyaa Lithium Project.
Prior to joining MIIF, Koranteng held the role of Business Head for East, Central and Southern Africa for Ghana International Bank plc (“GHIB”), where he was responsible for GHIB’s energy and mining portfolio.
At GHIB, heled various financing projects in Ethiopia, Ghana, Tanzania, Kenya and Malawi. Before that, Mr. Koranteng worked with the Chase Bank Group (Kenya), now SBM Bank of Mauritius, as the Group Head for Energy, Oil, Gas and Mining.
Koranteng is the co-founder of one of Ghana’s leading law firms, Koranteng & Koranteng Legal Advisors, and currently sits on the boards of major gold producer Asante Gold Corporation, the Minerals Income Investment Fund, and Glico General Insurance Ltd in Ghana.
Koranteng holds a BA (Hons) from the University of Ghana, a Master of Laws in International Banking and Finance from the University of Leeds in the UK, a Postgraduate Diploma from BPP Law School in the UK and the Ghana School of Law.
He has practised as a barrister in both the UK and Ghana and holds various executive and postgraduate certifications, including in Oil, Gas and Mining from the Blavatnik School of Government, University of Oxford in the UK.
“It gives me great pleasure to welcome Edward to the Atlantic Lithium Board, assuming the position available to the Minerals Income Investment Fund as agreed under the terms of MIIF’s US$5m Subscription in the Company, which was completed in January 2024.” executive chairman of Atlantic Lithium Neil Herbert said.
“Enabling greater Ghanaian representation in the strategic direction of the Company and the Ewoyaa Lithium Project, Edward’s appointment more closely aligns the Company’s objectives and the advancement of the Project with its Ghanaian stakeholders.
“Further to its Subscription in the Company, Edward’s appointment reflects MIIF’s strong belief in Atlantic Lithium as an investment opportunity and the successful delivery of the Project to generate significant benefits to Ghanaians. Bringing decades of mining, legal and corporate experience to the role, Edward will, no doubt, contribute greatly to the advancement of the Project.”
Herbert added “I look forward to finalising the second stage of MIIF’s investment in the Company and working closely with Edward towards our shared goal of achieving lithium production at Ewoyaa.”
“I look forward to supporting the growth of Atlantic Lithium, not only in Ghana but as a foremost lithium exploration company on the continent. MIIF’s investment in Atlantic Lithium is premised on the belief that the EwoyaaLithium Project and the Company’s other tenements hold great promise and opportunity, which will generate significant returns and further support Ghana’s green energy efforts,” Koranteng said.
“Our investment also supports the Government of Ghana’s overarching objective of ensuring that Ghana remains the preferred mining destination in Africa, with MIIF as a co-investment partner. I am without any doubt that the Project shall be successfully delivered with the full support of MIIF and the Government of Ghana.”
“I look forward to working with the Board and Management of Atlantic Lithium towards the goal of developing theworld-class Ewoyaa Mine and achieving full lithium production.” Koranteng added.
Asaase Broadcasting Company broadcasts on radio via Asaase 99.5 in Accra, Asaase 98.5 in Kumasi, Asaase 99.7 in Tamale, Asaase 100.3 in Cape Coast, Asaase Pa 107.3 in Accra and our affiliates Azay FM 89.1 in Takoradi, Bawku FM 101.5 in Bawku, Bead FM 99.9 in Bimbilla, Mining City Radio 89.5 in Tarkwa, Nyatefe Radio 94.50 in Dzodze, Somuaa FM 89.9 in Gushegu, Stone City 90.7 in Ho and Wale FM 106.9 in Walewale.
Tune in to broadcasts online: asaaseradio.com, Sound Garden and TuneIn.
Follow us on Twitter: @asaaseradio995 (Accra), @asaase985ksi (Kumasi), @asaase997tamale (Tamale), @asaase1003 (Cape Coast) and AsaasePa1073
Instagram: asaaseradio995 (Accra), Asaase985ksi (Kumasi), asaase1003 (Cape Coast), asaase997tamale (Tamale) and Asaasepa107.3
LinkedIn: company/asaaseradio995
TikTok: @asaaseradio99.5
Live streaming on facebook.com at asaase99.5 (Accra), asaase985ksi (Kumasi), Asaase100.3 (Cape Coast), asaase99.7 (Tamale) and AsaasePa107.3. Also on YouTube: AsaaseXtra.
Join the conversation. Call Accra (020 000 9951 or 054 888 8995) or WhatsApp (020 000 0995). Call Kumasi (059 415 7985) or WhatsApp (020 631 5260). Call or WhatsApp Cape Coast (059 388 2652).
#AsaaseRadio
#AsaasePa
#TheVoiceofOurLand
