Shares of Australia’s Atlantic Lithium (ASX:A11) experienced a surge of 26.3%, reaching A$0.505.

This upward movement marks the company’s best trading day since November of last year, assuming the current gains persist.

Moreover, this stock price is the company’s highest since September 12.

The surge occurred after Atlantic Lithium announced that it received authorization from Ghana’s Environmental Protection Agency to reroute two transmission lines at the company’s Ewoyaa Lithium Project.

This diversion of lines will allow the company to commence preliminary works at the project, including the initial production of spodumene concentrate.

However, it should be noted that prior to this surge, the stock had dropped 35.5% this year up until its last close.

Atlantic Lithium is a lithium mining company based in Australia, focusing on the Ewoyaa Lithium Project in Ghana.