Huayou Takes Over Ewoyaa Rights, Commits Up to $66 Million in Funding
Closing price · 2026-10-26: $0.300 · +15.38%
Atlantic Lithium says Zhejiang Huayou has completed its takeover of Elevra’s rights and obligations in the Ghana portfolio, including a 22.5% interest and spodumene offtake rights. Huayou will sole-fund development costs up to the remaining $66 million commitment, earning a further 27.5% interest and taking its stake to 50%, after which costs are to be shared equally.