The Minerals Commission has confirmed the discovery of Lithium in Ghana at Ewoyaa near Saltpond in the Mfantsiman Municipality of the Central Region.
The Commission however described as untrue the amount of money circulating as the total cost of the lithium found.
A statement signed by the Acting Chief Executive of the Minerals Commission, Martin Ayisi, indicated that further exploration and feasibility studies need to be conducted, before the Lithium, discovered by a Ghanaian Company, Barari DV Ghana Limited, can be quantified.
The statement said all activities of Barari or Iron Ridge at this stage, are purely for exploration.
The Minerals Commission, therefore, urged the public to disregard reports that a Mining Lease and Authorization had been given to Barari or Iron Ridge Resources Limited, to mine or extract lithium in Ghana. Neither has any tax holiday nor waiver been granted to Iron Ridge.
The statement cleared doubts that Iron Ridge had not submitted any feasibility study or report to the Commission, defining or delineating lithium reserves in Ewoyaa to be worth $150 billion.
The Commission cautioned the media to seek clarification on all mining matters before going to press.