Atlas Lithium Outlines Regional Growth Strategy
Atlas Lithium (NASDAQ: ATLX) has announced its medium to long-term regional growth strategy in Brazil's Lithium Valley (LV). The company holds three key projects: Neves Project (flagship, recently permitted), Salinas Project (2,070 acres with spodumene outcrops), and Clear Project (470 acres). Recent exploration at Salinas revealed spodumene-rich pegmatites with Li2O assays ranging from 2.31% to 4.97%. The Clear Project showed promising geological mapping with two pegmatites discovered. Atlas Lithium plans to prioritize Neves for initial production while advancing exploration at Clear and Salinas, with an expanded exploration budget expected in 2025.
Atlas Lithium (NASDAQ: ATLX) ha annunciato la sua strategia di crescita regionale a medio e lungo termine nella Lithium Valley (LV) del Brasile. L'azienda possiede tre progetti chiave: Progetto Neves (flagship, recentemente autorizzato), Progetto Salinas (2.070 acri con affioramenti di spodumene) e Progetto Clear (470 acri). Recenti esplorazioni a Salinas hanno rivelato pegmatiti ricchi di spodumene con analisi di Li2O comprese tra il 2.31% e il 4.97%. Il Progetto Clear ha mostrato promettente mappatura geologica con due pegmatiti scoperte. Atlas Lithium prevede di dare priorità al Neves per la produzione iniziale, mentre continuerà l'esplorazione a Clear e Salinas, con un budget di esplorazione espanso previsto per il 2025.
Atlas Lithium (NASDAQ: ATLX) ha anunciado su estrategia de crecimiento regional a medio y largo plazo en el Valle del Litio (LV) de Brasil. La empresa posee tres proyectos clave: Proyecto Neves (estrella, recientemente autorizado), Proyecto Salinas (2,070 acres con afloramientos de espodumena) y Proyecto Clear (470 acres). La reciente exploración en Salinas reveló pegmatitas ricas en espodumena con análisis de Li2O que oscilan entre el 2.31% y el 4.97%. El Proyecto Clear mostró un mapeo geológico prometedor con dos pegmatitas descubiertas. Atlas Lithium planea priorizar Neves para la producción inicial, mientras avanza en la exploración de Clear y Salinas, con un presupuesto de exploración ampliado esperado para 2025.
아틀라스 리튬(NASDAQ: ATLX)은 브라질 리튬 밸리(LV)에서 중장기 지역 성장 전략을 발표했습니다. 회사는 세 가지 주요 프로젝트를 보유하고 있습니다: 네베스 프로젝트 (주요 프로젝트, 최근 허가받음), 살리나스 프로젝트 (2,070 에이커의 스포듐네이트 노출) 및 클리어 프로젝트 (470 에이커). 최근 살리나스에서의 탐사에서 Li2O 검사가 2.31%에서 4.97% 사이인 스포듐네이트가 풍부한 페그마타이트가 발견되었습니다. 클리어 프로젝트는 두 개의 페그마타이트가 발견되며 유망한 지질 맵핑을 보여주었습니다. 아틀라스 리튬은 초기 생산을 위해 네베스를 우선시하고, 클리어와 살리나스에서의 탐사를 진행할 계획이며, 2025년에 확대된 탐사 예산이 기대됩니다.
Atlas Lithium (NASDAQ: ATLX) a annoncé sa stratégie de croissance régionale à moyen et long terme dans la Lithium Valley (LV) du Brésil. L'entreprise détient trois projets clés : Projet Neves (phare, récemment autorisé), Projet Salinas (2 070 acres avec des affleurements de spodumène) et Projet Clear (470 acres). Les récentes explorations à Salinas ont révélé des pegmatites riches en spodumène avec des analyses de Li2O allant de 2,31 % à 4,97 %. Le Projet Clear a montré une cartographie géologique prometteuse avec deux pegmatites découvertes. Atlas Lithium prévoit de donner la priorité à Neves pour la production initiale tout en avançant dans l'exploration de Clear et Salinas, avec un budget d'exploration élargi prévu pour 2025.
Atlas Lithium (NASDAQ: ATLX) hat seine mittel- bis langfristige regionale Wachstumsstrategie im Lithium Valley (LV) in Brasilien bekannt gegeben. Das Unternehmen besitzt drei Schlüsselprojekte: Neves-Projekt (Flaggschiff, kürzlich genehmigt), Salinas-Projekt (2.070 Acres mit Spodumen-Ausbuchtungen) und Clear-Projekt (470 Acres). Jüngste Erkundungen in Salinas haben Spodumen-reiche Pegmatite mit Li2O-Probenanlagen von 2,31% bis 4,97% ergeben. Das Clear-Projekt zeigte vielversprechende geologische Kartierungen mit zwei entdeckten Pegmatiten. Atlas Lithium plant, Neves für die anfängliche Produktion zu priorisieren und gleichzeitig die Erkundung in Clear und Salinas voranzutreiben, mit einem erweiterten Erkundungsbudget, das für 2025 erwartet wird.
- Recently obtained permits for the Neves Project, advancing towards production
- High-grade lithium assay results at Salinas Project (2.31% to 4.97% Li2O)
- Largest lithium mineral rights portfolio among public companies in Brazil
- Discovery of multiple spodumene-rich pegmatites at both Salinas and Clear Projects
- Requires increased exploration budget for 2025
- Projects still in exploration phase with no current production
Insights
The regional growth strategy outlined by Atlas Lithium demonstrates significant potential for value creation across their three key projects in Brazil's Lithium Valley. The high-grade lithium assays of 2.31% to 4.97% Li2O at the Salinas Project are particularly noteworthy, as these grades are commercially viable and competitive with global standards. The strategic positioning of their projects, especially with Clear Project's proximity to Sigma Lithium's mine and Salinas Project's location near Latin Resources (recently acquired for
The systematic exploration approach using multi-step geological assessment shows methodical risk management. The discovery of spodumene-rich pegmatites with corresponding geophysical and geochemical indicators suggests strong exploration upside. The planned expansion of the exploration budget in 2025 for drilling campaigns at Clear and Salinas Projects indicates a well-structured growth pathway beyond their flagship Neves Project.
The strategic value of Atlas Lithium's position in Brazil's Lithium Valley is amplified by recent market dynamics, particularly Pilbara Minerals' acquisition of Latin Resources for
The emphasis on large spodumene crystals at the Neves Project is a important differentiator, as it suggests potential for premium pricing due to easier processing and higher purity output. The planned multi-site development strategy across different zones of Lithium Valley provides operational diversification and scalability, key factors for long-term value creation in the lithium market.
Boca Raton, Florida--(Newsfile Corp. - November 25, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), owner of the Neves Project and poised to become the next lithium concentrate producer in Brazil's Lithium Valley ("LV"), locally known as the Jequitinhonha River Valley, is pleased to announce its medium to long-term regional growth strategy. Within the global lithium industry, LV has emerged as a premier hard-rock lithium jurisdiction, as evidenced by major lithium producer Pilbara Minerals Ltd.'s US
Over the last several years, Atlas Lithium has assembled Brazil's largest portfolio of lithium mineral rights among publicly listed companies. Importantly, the Company holds three key projects that span the major lithium-mineralized zones in LV:
- The Neves Project in southern LV, Atlas Lithium's flagship development, has recently been permitted and is advancing towards production;
- The Salinas Project in northern LV, spanning 2,070 acres with natural spodumene outcrops, located 4.7 miles from Latin Resources Ltd., and with potential for spodumene deposits;
- The Clear Project in central LV, encompassing 470 acres situated 3.8 miles from Sigma Lithium's mine, and also with potential for spodumene deposits.
Recent exploration activities at both the Salinas and the Clear Projects have yielded significant progress and such development bodes well for the Company's strategy of securing as many high-quality deposit areas within LV as feasible. Atlas Lithium's exploration activities are supervised by Qualified Persons for Lithium, as defined in Item 1300 of Regulation SK.
The Salinas Project continues to demonstrate its substantial potential, with recent detailed geological mapping revealing two outcrops of spodumene-rich pegmatites in the northwest portion of the mineral property, coinciding with a northeast-southwest trending lithium soil anomaly. Additionally, lithium mineralization has been determined in at least three pegmatites, with geochemical assay results ranging from
At the Clear Project, detailed geological mapping of the claim has resulted in the discovery of two pegmatites, with completed soil sampling revealing a substantial northeast-southwest trending lithium anomaly associated with a mapped pegmatite, suggesting the presence of a buried pegmatite swarm. The Company's technical team has completed an initial round of geophysical studies which have been favorable for the potential of one or more lithium deposits within the mineral right.
The Company's strategic approach prioritizes the Neves Project for initial production, while simultaneously advancing exploration at the Clear and Salinas Projects. Over the last several quarters, Atlas Lithium has enhanced its geological assessment methodology through a comprehensive multi-step process: detailed geological mapping, zoned and detailed soil geochemical analysis, and advanced geophysical surveys including LIDAR and magnetic surveys. In the Company's experience, such systematic approach has demonstrated accuracy in identifying potential spodumene deposits. Given the favorable results so far, the Company is expected to expand its exploration budget in 2025 to accommodate for drilling in both the Clear Project and the Salinas Projects.
Raimundo Almeida, Vice President of Lithium Processing at Atlas Lithium, commented, "Our deposits at the Neves Project are distinguished by large spodumene crystals, which should enable a streamlined production process and deliver lithium concentrate with minimal impurities. This attribute makes our future product particularly attractive to lithium refiners. The latest discoveries across our Lithium Valley project portfolio, especially the high-grade results from initial exploration at the Salinas Project, further demonstrate the effectiveness of our methodical approach in identifying high-potential spodumene deposits."
"Our strategy centers on establishing production at our flagship Neves Project while developing at least two additional areas - Salinas and Clear - as potential future production sites. Our holdings across multiple lithium-rich zones in Lithium Valley position Atlas Lithium favorably as an emerging industry leader," added Rodrigo Menck, Board Member of Atlas Lithium.
About Atlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.
Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Form 10-K/A filed with the Securities and Exchange Commission (the "SEC") on November 9, 2024. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.
Investor Relations
Gary Guyton
Vice President, Investor Relations
+1 (833) 661-7900
gary.guyton@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231238
FAQ
What are the three main projects of Atlas Lithium (ATLX) in Brazil's Lithium Valley?
What are the lithium assay results from Atlas Lithium's (ATLX) Salinas Project?
When does Atlas Lithium (ATLX) plan to expand its exploration budget?
