Tag: Lithium

Boca Raton, Florida–(ACN Newswire – March 28, 2024) – Atlas Lithium Corporation (NASDAQ: ATLX), a lithium exploration and development company, is pleased to announce that it has signed definitive investment and offtake agreements with Mitsui & Co., Ltd. (“Mitsui”) which the Company considers as strong validation of its project and team. Mitsui is purchasing US$ 30,000,000 in common shares of Atlas Lithium at a 10% premium to the 5-day VWAP (the “Strategic Investment”) and at the same time entering into an Offtake Agreement (the “Offtake”) for the future purchase of 15,000 tons of lithium concentrate from Phase 1 and 60,000 ... Read more

HIGHLIGHTS – Renowned lithium expert Brian Talbot has agreed to join Atlas Lithium as Chief Operating Officer and Member of the Company’s Board of Directors on April 1, 2024, a highly significant milestone. – Brian Talbot’s addition to Atlas Lithium’s team further enables the Company’s early revenue strategy targeting first lithium concentrate production in Q4 2024. Boca Raton, Florida–(ACN Newswire – March 21, 2024) – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading lithium exploration and development company, is pleased to announce the upcoming addition of Brian Talbot as Chief Operating Officer and a member of the ... Read more

Boca Raton, Florida–(Newsfile Corp. – July 13, 2023) – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading mineral exploration company, is pleased to announce its new geochemical high mark for lithium mineralization from its ongoing exploration campaign at its Neves Project in Brazil’s Lithium Valley. Drill hole DHAB-185 yielded an intersect with 5.23% Li2O mineralization extending from 9.20 to 10.30 meters. According to the Company’s technical experts at SGS Canada Inc. (“SGS”), a world leader in mineral resource evaluation, such high grade close to the surface is not common. In aggregate, DHAB-185 showed 21.75 meters at an ... Read more

Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or the “Company”) is pleased to announce that the Company sold a 3.0% Gross Overriding Revenue royalty to Lithium Royalty Corp. (“LRC”) (TSX: LIRC) in exchange for an upfront cash consideration of US$ 20,000,000 (the “Transaction”) received today. These funds will expedite the development of Atlas Lithium’s world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil. LRC is widely considered the premier lithium-focused royalty company and recently completed a highly successful initial public offering. This Transaction is the largest lithium royalty deal in Brazil to date and underscores ... Read more

Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or the “Company”), a mineral exploration company focused on lithium and other battery metals critical to powering the green energy revolution, is pleased to announce that it has signed a Memorandum of Understanding (the “MOU”) with Mitsui & Co., Ltd. (“Mitsui) with respect to Mitsui’s potential interest in acquiring the right to purchase Atlas Lithium’s future lithium concentrate production. Mitsui is a global enterprise headquartered in Tokyo, Japan, with $122.3 billion in assets, $96.4 billion in annual revenues, and 44,336 employees in 63 countries, as of its last reported results. In general terms, ... Read more