Lithium miners are a hot prospect within the sector at the moment. And there aren't enough of them either. To say lithium could become the new oil may seem like an overstatement, but the market for lithium is likely to head into an unprecedented price squeeze situation in the next three years.
Decent lithium prospects will see huge interest from larger miners - and investors - as this realisation dawns. One such is likely to be Atlantic Lithium [LON:ALL], which is exploring a couple of projects in West Africa at the moment. We had the opportunity to meet with the management team at the busy Mines & Money event in London.
Atlantic Lithium says it hopes to unlock West Africa as a key player in the global market of sustainably sourced lithium. It already has proven, high grade lithium spodumene pegmatites on its radar. Its Ewoyaa lithium project looks set to be Ghana's first lithium-producing mine and has been funded under an agreement with Piedmont Lithium for USD 103m.
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