Atlas Lithium Corporation develops hard-rock lithium resources, with its flagship Neves Project in Minas Gerais, Brazil, focused on lithium concentrate for the battery supply chain. Company news commonly covers project execution, operational permitting, contractor selection, procurement and construction supervision, feasibility-study references, and financing or offtake relationships tied to development of the Neves Project.
Updates also address governance changes, quarterly financial reporting, critical-minerals policy developments, and Atlas Lithium's ownership exposure to Atlas Critical Minerals Corporation, a Nasdaq-traded subsidiary with rare earths, graphite, uranium and iron ore assets.
Atlas Lithium (ATLX) is advancing pre-assembly preparations for its modular lithium processing plant at the Neves Project in Brazil. Engineering teams are preparing components and determining their assembly sequence alongside contractor Alfa Engenharia and the South African engineering company that designed the plant. Components are being grouped into delivery packages for assembly.
The plant is paid for, already in Brazil and fully permitted for installation and operation at the 100%-owned Neves Project in Minas Gerais. Its dense media separation modules, which separate materials by density, completed trial assembly in South Africa before shipment. Atlas Lithium expects initial production of approximately 146,000 tonnes of lithium concentrate per year. Written product interest from large companies, in aggregate, exceeds planned production.
Atlas Lithium (ATLX) has contracted about 71% of direct CAPEX for its 100%-owned Neves lithium project as of September 9, 2026.
These contracted costs are approximately 16% below the Definitive Feasibility Study budget, with all awards finalized at or below DFS levels after competitive bidding. The scope includes earthworks, civil construction, DMS plant assembly, crushing system and spares, electrical infrastructure, detailed engineering, construction management, buildings, and in-country logistics for the Brazilian processing plant.
The company said the Neves Project is fully permitted, the processing plant is already in Brazil ready for assembly, and key execution partners are in place amid a tightening global lithium market.
Altius Minerals (TSX:ALS, OTCQX:ATUSF) reported that the market value of its Project Generation junior equities portfolio was approximately $80.4 million at June 30, 2026, up from $70 million at March 31, 2026, following about $12.5 million of net portfolio investment.
Altius invested roughly $4.2 million in TNR Gold, added capital to Blue Moon and Aurum Discovery, and participated in financings for Buffalo Potash and Gilpas Resources, creating or expanding royalty interests. Key royalty assets advanced: Zijin’s Tres Quebradas lithium expansion (Altius 1% GOR), Atlas Lithium’s Neves project (3% GOR) targeting first production in Q4 2027, and the Curipamba–El Domo project, where resources and reserves increased and mine life extended to 11.5 years (Altius 2% NSR). Orogen Royalties, Altius’s largest junior equity holding, reported Q1 2026 revenue up 57% and net income up 198% year over year.
Atlas Lithium (NASDAQ: ATLX) reported it remains on track to start first commercial production of lithium oxide concentrate from its 100%-owned, fully permitted Neves Project in Q4 2027. The vertically integrated complex in Brazil is designed to produce about 150,000 tonnes per year. According to Atlas Lithium, written product interest from multiple companies already totals more than three times planned capacity, and a Definitive Feasibility Study indicates a 145% after-tax IRR, an approximately 11-month payback, and operating costs of about $489 per tonne versus recent market prices of roughly $2,300 per tonne. The company expects the project to support more than 5,000 direct and indirect jobs in the Jequitinhonha Valley, where employees currently earn about twice the local wage, and notes all major engineering and construction contracts were signed at or below DFS budget levels.
Atlas Lithium (NASDAQ: ATLX) received the expansion permit for its 100%-owned Neves Project in Minas Gerais, Brazil, enabling advancement in line with its Definitive Feasibility Study (DFS).
The DFS projects ~146,000 tpa lithium concentrate, 145% after-tax IRR, 11-month payback and $489/tonne operating cost, versus recent prices near $2,200/tonne. A modular DMS plant is delivered and ready for assembly, supported by Brazilian partners and a $30 million Mitsui equity investment.
Atlas Lithium (NASDAQ: ATLX)/b) announced that Chairman and CEO Marc Fogassa will deliver the strategic keynote, “Lithium in Brazil: Building a Competitive Industry,” at the 3rd Brazil Lithium & Critical Minerals Summit 2026 in Belo Horizonte on June 17-18.According to Atlas Lithium, the Neves Lithium Project has a Definitive Feasibility Study indicating a 145% IRR and an 11-month payback, is advancing toward production, and benefits from a fully permitted modular processing plant and a $30 million investment from Mitsui & Co.
Atlas Lithium (NASDAQ: ATLX) announced that CEO and Chairman Marc Fogassa will deliver a conference-wide address at Benchmark Giga USA 2026 in Washington, D.C., on June 9-10, 2026.
He will discuss Brazilian critical minerals, highlighting the Neves lithium project, its permits, Definitive Feasibility Study economics (145% IRR, 11-month payback), a $30 million investment from Mitsui, and the arrival of the modular processing plant in Brazil.
Atlas Lithium (NASDAQ: ATLX) reported results of its 2026 Annual Meeting of Stockholders held on May 28, 2026. About 81.30% of outstanding shares entitled to vote were represented.
Stockholders re-elected all directors, each receiving between 98.99% and 99.78% of votes cast in favor.
Atlas Lithium (NASDAQ: ATLX) engaged Alfa Engenharia as specialized electromechanical contractor to assemble its fully paid, 100%-owned Neves Project lithium processing plant in Brazil. Alfa, selected via competitive bidding, will assemble all crushing-to-dispatch systems. The DFS projects 146,000 tonnes of lithium concentrate annually at $489/tonne operating cost.
Atlas Lithium (NASDAQ: ATLX) contracted key operational partners to execute its 100%-owned Neves Project, awarding engineering, EPC and civil works agreements after a competitive selection.
As per the DFS, the project targets ~146,000 tonnes of lithium concentrate per year at an estimated operating cost of $489/tonne mine gate, with concentrate trading near $2,000/tonne.