Huayou Cobalt Buys Atlantic Lithium in $210m Ghana Deal

Huayou Cobalt buys Atlantic Lithium in $210m Ghana deal

China's grip on Africa's battery metals supply chain just extended into West Africa.Zhejiang Huayou Cobalt, the Chinese battery materials giant chaired and led by Chen Hongliang, has agreed to acquire Atlantic Lithium in an all-cash deal valued at approximately $210 million, gaining control of Ghana's Ewoyaa lithium project, the country's first parliamentary-ratified lithium mine. The offer prices Atlantic Lithium shares at $0.25 apiece, alongsi…

Zhejiang Huayou Cobalt to Acquire Atlantic Lithium in US$210M Deal

China’s Huayou Cobalt has agreed to acquire Ghana‑focused Atlantic Lithium in a transaction valued at approximately US$210 million, strengthening its position in global battery‑metal supply chains and expanding its footprint in Africa. Under the proposed deal, Huayou will acquire all issued and to‑be‑issued shares of Atlantic Lithium at US$0.25 per share, alongside outstanding warrants, as part of a full acquisition of the company. The transacti…