01:01 PM EDT, 10/09/2024 (MT Newswires) -- (Updates with stock price movement in the lead)

Piedmont Lithium ( PLL ) shares jumped over 17% Wednesday after the company said its Ewoyaa Lithium Project, a joint venture with Atlantic Lithium, received a mine operating permit from the Minerals Commission of Ghana.

The permit is an important milestone in achieving the regulatory approvals required to start project construction, the firm said.

Atlantic Lithium, an Africa-focused lithium exploration and development company, said it is awaiting final ratification of the Ewoyaa lease from Ghana's parliament, which will resume sitting Oct. 15. The project will be Ghana's first lithium mining project.

Price: 15.00, Change: +2.27, Percent Change: +17.83