Atlantic Lithium Limited, the Africa-focused exploration and development company behind Ghana’s first lithium mine, has announced a significant leadership reshuffle aimed at reducing executive costs and sharpening its operational focus ahead of construction at the Ewoyaa Lithium Project.
In a move that marks a shift in executive responsibility, Executive Chairman Neil Herbert will step down from his current role to become Non-Executive Chairman effective 1 July 2025. This transition is aimed at trimming executive expenses and strengthening board-level oversight while placing day-to-day operations more squarely under the leadership of Chief Executive Officer, Keith Muller.
Mr. Müller, a mining veteran with over 20 years of experience in the lithium sector, will now lead both operational and strategic decision-making as the company advances the Ewoyaa Lithium Project in Ghana’s Central Region toward development and eventual production.
As part of the streamlining initiative, Mr. Muller has also agreed to a temporary 10% salary reduction. His annual fixed remuneration will now stand at A$427,500 for 12 months, beginning 1 July 2025. Mr. Herbert’s pay will also be reduced to reflect his non-executive responsibilities.
The company says these steps are aligned with its long-term objective of efficient capital management during a critical stage in project advancement.
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“Transitioning to Non-Executive Chairman and consolidating management under Keith ensures a sharper focus on operational delivery and cost control as we move towards construction at Ewoyaa,” said Mr. Herbert.
In his remarks, Mr. Muller underscored the company’s commitment to shareholders and national value.
“We are taking decisive steps to streamline our leadership and reduce costs, ensuring we are well-positioned to deliver long-term value for Ghana and our shareholders.”
Atlantic Lithium, which is listed on the AIM, ASX, OTCQX, and the Ghana Stock Exchange, is focused on developing Ghana’s first lithium-producing mine. Its flagship Ewoyaa project is a key part of Ghana’s emerging battery minerals sector, with strong potential to contribute to global energy transition goals and local economic development.
