Atlantic Lithium Limited (AIM: ALL | ASX: A11 | GSE: ALLGH | OTCQX: ALLIF), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, has announced the appointment of Edward Nana Yaw Koranteng to the company’s board of directors as non-executive director, effective immediately.
Mr. Koranteng commented, “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 Ewoyaa Lithium 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 is a lawyer and an experienced corporate and investment banker with over 23 years of experience. He has held the position of CEO 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.
Mr. Koranteng assumes the role of non-executive director in line with the agreed terms of MIIF’s US$5M subscription in the company which forms the first part of its planned US$32.9M 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, Mr. Koranteng held the role of Business Head for East, Central and Southern Africa for Ghana International Bank plc, where he was responsible for GHIB’s energy and mining portfolio. At GHIB, he led 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.
Mr. 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.
To find out more, please visit www.atlanticlithium.com.au
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