Atlas Lithium's Critical Minerals Subsidiary Reports Strong Rare Earths, Titanium, and Graphite Results

Rhea-AI Summary

Atlas Lithium (NASDAQ: ATLX) has announced significant results from its 30.1%-owned subsidiary, Atlas Critical Minerals Corporation (OTCQB: JUPGF). The subsidiary reported impressive findings across multiple critical minerals projects in Brazil, including rare earth grades up to 28,870 ppm TREO, titanium dioxide content of 23.2%, and graphite concentrate results of up to 96.6%.

Atlas Critical Minerals controls over 575,000+ acres of mineral rights across various commodities in Brazil, which holds the world's second-largest graphite reserves. The Alto Paraníba project's 770 surface samples demonstrated consistently high grades, while the Minas Gerais graphite project achieved exceptional metallurgical results with graphite carbon grades up to 15.42%.

Positive

• None.

Negative

• Atlas Lithium only owns 30.1% of Atlas Critical Minerals, limiting full economic benefit
• Projects are still in early exploration phase with no production timeline specified

Insights

Mining & Minerals Industry Analyst

Atlas Lithium's subsidiary reports promising exploration results for rare earths, titanium, and graphite, enhancing the company's strategic position in critical minerals.

The recent exploration results from Atlas Critical Minerals, Atlas Lithium's 30.1%-owned subsidiary, represent a potentially significant addition to the company's mineral portfolio. The high-grade rare earth findings of up to 28,870 ppm TREO (Total Rare Earth Oxides) and 23.2% titanium dioxide are particularly notable when considering the strategic importance of these elements in high-tech applications and clean energy technologies.

The graphite concentrate results achieving up to 96.6% purity using conventional flotation techniques is technically impressive. For context, graphite concentrates above 95% are considered high-quality and suitable for many industrial applications including lithium-ion batteries. The 15.42% graphite carbon grades in exploration samples also exceed typical economic thresholds for graphite deposits.

The subsidiary's expansive mineral rights covering 575,000+ acres across multiple critical minerals creates a diversified portfolio that helps mitigate resource-specific risks. Brazil's position as holder of the world's second-largest graphite reserves adds credibility to the potential scale of these assets.

What makes these results particularly timely is the increasing global competition for critical mineral supply chains, as evidenced by the U.S. Department of Defense's $400 million investment in MP Materials mentioned in the release. This geopolitical backdrop potentially enhances the strategic value of Atlas Lithium's subsidiary holdings beyond pure commodity economics.

While these initial exploration results are promising, investors should recognize that considerable development work remains before any commercial production could begin. The company appropriately maintains that its primary focus continues to be its Neves lithium project, with these critical mineral assets representing supplementary potential value rather than a shift in core strategy.

Atlas Critical Minerals reports high-grade, near-surface rare earths mineralization with grades up to 28,870 ppm TREO, 23.2% TiO₂; achieves 96.6% graphite concentrate 

Boca Raton, Florida--(Newsfile Corp. - July 24, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a leading lithium exploration and development company, today announced strong results from its 30.1%-owned subsidiary, Atlas Critical Minerals Corporation (OTCQB: JUPGF). The subsidiary has recently reported near-surface rare earths mineralization with grades up to 28,870 ppm TREO, 23.2% TiO₂, alongside graphite concentrate results of up to 96.6%. Atlas Critical Minerals owns over 575,000+ acres of mineral rights for rare earths, titanium, graphite, uranium, copper, and nickel. Brazil, where the subsidiary operates, hosts significant rare earth deposits and holds the world's second-largest graphite reserves.

Alto Paranaíba Rare Earths and Titanium Project Demonstrates High Potential

Atlas Critical Minerals' Alto Paranaíba rare earths and titanium project in Minas Gerais, located in a proven rare earths region, is divided into three exploration blocks for operational efficiency as shown in Figure 1.

Figure 1: Alto Paranaíba Project Exploration Blocks

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/259897_14822f5ff4efe99a_002full.jpg

Atlas Critical Minerals' 770 surface samples yielded consistently attractive grades, including a sample with 28,870 ppm total rare earth oxides (TREO) and another containing 23.2% titanium dioxide (TiO₂). Highlight sampling results from Block 3 South are presented in Figure 2.

Figure 2: High-Grade Surface Sampling Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/259897_14822f5ff4efe99a_003full.jpg

Graphite Project Delivers Outstanding Initial Results

Atlas Critical Minerals' Minas Gerais graphite project achieved strong metallurgical test results, with conventional flotation techniques producing graphite concentrates grading up to 96.6% total graphite carbon. Exploration samples showed graphite carbon grades up to 15.42%.

Strategic Importance

The strategic importance of securing robust critical minerals supply chains was recently underscored by the U.S. Department of Defense's $400 million investment in MP Materials, making it the largest shareholder in the U.S. rare earth miner.

Atlas Lithium's strategic stake in Atlas Critical Minerals provides shareholders with direct exposure to the broader critical minerals sector and strengthens the Company's position within global supply chains for materials vital to energy transition and national security.

"Our focus remains on advancing our flagship Neves lithium project toward production, while our significant stake in Atlas Critical Minerals allows our shareholders to also benefit from exposure to a broader range of critical minerals at a time of heightened geopolitical importance," said Marc Fogassa, Chief Executive Officer and Chairman of Atlas Lithium. "The initial results from Atlas Critical Minerals' rare earths, titanium, and graphite programs are highly encouraging and underscore the strong potential of these assets."

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is advancing to production its wholly owned hard-rock lithium Neves Project located in the state of Minas Gerais, Brazil. With approximately 539 square kilometers of lithium mineral rights in total, Atlas Lithium owns the largest lithium exploration footprint in Brazil of any publicly listed company. Additionally, Atlas Lithium currently holds an approximate 30% ownership stake in Atlas Critical Minerals Corporation (OTCQB: JUPGF).

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 filed with the Securities and Exchange Commission (the "SEC") on March 28, 2025. 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/259897

FAQ

What were the key mineral grades reported by Atlas Lithium's (ATLX) subsidiary?

Atlas Critical Minerals reported rare earth grades up to 28,870 ppm TREO, titanium dioxide content of 23.2%, and graphite concentrate results of up to 96.6%.

How much mineral rights does Atlas Critical Minerals control in Brazil?

Atlas Critical Minerals controls over 575,000 acres of mineral rights for rare earths, titanium, graphite, uranium, copper, and nickel in Brazil.

What percentage does Atlas Lithium (ATLX) own in Atlas Critical Minerals?

Atlas Lithium owns a 30.1% stake in Atlas Critical Minerals Corporation (OTCQB: JUPGF).

What were the graphite testing results from the Minas Gerais project?

The Minas Gerais graphite project achieved concentrate grades up to 96.6% total graphite carbon using conventional flotation techniques, with exploration samples showing graphite carbon grades up to 15.42%.

How many surface samples were collected at the Alto Paraníba project?

Atlas Critical Minerals collected 770 surface samples at the Alto Paraníba rare earths and titanium project, which yielded consistently attractive grades.