Atlas Lithium Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $72.2M
- Price
- $2.40
- % Change (Daily % change from the live per-ticker quote feed.)
- -3.61%
- Volume
- 288.6K
About
Atlas Lithium Corporation (ATLX), based in Beverly Hills, California, operates as a mineral exploration and development firm primarily in Brazil. Its central objective is the advancement and expansion of its wholly-owned hard-rock lithium venture. This significant undertaking encompasses 52 distinct mineral rights, covering a total area of 56,078 acres, predominantly located within the Araçuaí municipality in the Vale do Jequitinhonha region of Brazil's Minas Gerais state. Beyond its lithium focus, the company also holds full ownership of various mining concessions for precious metals like gold, gemstones such as diamonds, and industrial sand, and it actively participates in iron and quartzite projects. The enterprise was previously known as Brazil Minerals, Inc., rebranding as Atlas Lithium Corporation in October 2022.
Quick stats
Shares outstanding30.1M
Computed float24.0M
Float / shares79.7%
Cash runway (months)8.6
Key info
SectorBasic Materials
IndustryIndustrial Materials
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001540684
AI Summary
AI-generated1/16
minorbullishoperations update
Atlas Lithium Advances Pre-Assembly Steps for Its Processing Plant
Atlas Lithium said pre-assembly steps are well underway for its modular DMS lithium processing plant at the fully permitted Neves Project in Minas Gerais, Brazil.
Alfa Engenharia and the South African plant designer are working alongside company engineers to ready components and sequence assembly; the plant is paid for, already in Brazil, and permitted, reducing capital and schedule risk.
The plant is initially expected to produce roughly 146,000 tonnes of lithium concentrate per year, and the company says written product interest from large companies exceeds planned production.
Red flags
- no offtake agreements announced despite claims of written product interest
- production and DFS economics (145% IRR, 11-month payback) are forward-looking and unproven until commissioning