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.
Altius Provides 2nd Quarter 2026 Project Generation Update
Altius reported that its portfolio company Atlas Lithium remains on track for first commercial production of lithium oxide concentrate in the fourth quarter of 2027 from its Neves Project.
The Neves Project is designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate per year.
Altius holds a 3% gross overriding royalty (GOR) on the Neves Project.