Atlas Lithium's Modular Processing Plant Arrives in Brazil, Achieving Critical Milestone Toward Production
Rhea-AI Summary
Atlas Lithium (NASDAQ: ATLX) has achieved a significant milestone with the arrival of its modular Dense Media Separation (DMS) lithium processing plant at Brazil's Port of Santos on March 7, 2025. The shipment included 141 containers and 10 bulk components, with two additional containers of spare parts expected soon.
The fully-owned facility, which departed from South Africa's Port of Durban on February 2, 2025, features advanced design elements including:
- Compact, modular design for efficient installation
- Reduced environmental footprint
- Advanced water conservation systems
- Dry-stacking technology eliminating tailings dams
The company's Neves Project, which received its operational permit in October 2024, aims to produce up to 150,000 tonnes annually of battery-grade spodumene concentrate. The project is strategically located in Brazil's Lithium Valley, positioning Atlas Lithium to potentially achieve lower production costs compared to Australian suppliers.
Positive
- Fully owned and paid processing plant demonstrates strong financial position
- Secured operational permits for the Neves Project
- Potential for lower production costs compared to Australian competitors
- Advanced environmental technology could reduce operational expenses
- 150,000 tonnes annual production capacity indicates significant revenue potential
Negative
- Plant not yet operational - additional time needed for installation and commissioning
- Two containers of spare parts still pending delivery
- No current revenue generation from lithium production
Insights
Atlas Lithium's arrival of their fully-owned DMS processing plant represents a significant de-risking event in their path to production. For development-stage mining companies, the transition from exploration to production contains several critical milestones - securing permits and establishing processing capabilities are among the most consequential.
With both operational permits secured and processing equipment now in-country, Atlas has cleared two major hurdles that often delay mining projects. The company has demonstrated financial discipline by fully paying for this custom facility upfront, preserving balance sheet flexibility for future operational needs.
The plant's 150,000 tonnes annual production capacity positions Atlas Lithium to capture meaningful market share in the battery-grade spodumene concentrate market. This timing aligns with growing lithium demand from EV manufacturers globally.
The modular design offers strategic advantages beyond just transportation efficiency - it allows for potential capacity expansion without significant redesign should resource estimates increase. Additionally, the plant's water conservation features and dry-stacking tailings management address increasing regulatory scrutiny on mining's environmental impact.
For a company with Atlas Lithium's
The arrival of Atlas Lithium's DMS processing plant marks a pivotal engineering achievement in the company's development roadmap. DMS (Dense Media Separation) technology represents an optimal choice for spodumene processing due to its lower energy requirements and simplified operational complexity compared to alternative concentration methods.
The plant's modular design offers three substantial technical advantages: rapid deployment, reduced commissioning time, and simplified maintenance. By arriving in 141 containers plus bulk components, the facility demonstrates thoughtful engineering in its segmentation and transport planning.
The integrated water recycling systems are particularly noteworthy as water usage remains a critical constraint in mining operations. Similarly, the implementation of dry-stacking tailings technology eliminates one of the highest operational risks in mineral processing - tailings dam failures - while reducing the project's physical footprint.
The processing facility's location in Brazil's emerging Lithium Valley creates logistical advantages for raw material handling and potentially reduced energy costs compared to Australian operations that face higher labor and energy expenses. These factors support the company's assertion of competitive production costs.
With permits secured and processing infrastructure now in-country, the critical remaining challenges involve site preparation, plant assembly, and commissioning - representing substantially lower technical risks than the milestones already achieved.
Boca Raton, Florida--(Newsfile Corp. - March 10, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX), a leading lithium development company, announces the successful arrival of its modular Dense Media Separation (DMS) lithium processing plant at the Port of Santos, Brazil. This pivotal achievement underscores the Company's progress toward becoming a key lithium producer in Brazil's emerging Lithium Valley.
The components of Atlas Lithium's lithium processing plant were carried by the cargo vessel Irene's Wisdom (IMO: 9953391) which arrived at the Port of Santos on March 7, 2025, delivering 141 containers and 10 bulk components. Fully owned and paid for by Atlas Lithium, this newly manufactured facility departed from the Port of Durban, South Africa, on February 2, 2025, following months of careful planning and preparation. Two additional containers, containing spare parts, are scheduled to arrive in the near future.
"This marks a transformative milestone for Atlas Lithium as we advance toward becoming a global supplier in the lithium market," said Marc Fogassa, Chairman and CEO of Atlas Lithium. "With operational permits secured and our modern lithium processing facility now in Brazil, we have overcome two of the most significant hurdles on our journey to production."
Cutting-Edge Modular Plant Design
Atlas Lithium's lithium processing plant incorporates advanced design elements and sustainable technology that set a new benchmark for lithium processing:
- Compact, Modular Design: Allows streamlined transportation, installation, and commissioning, reducing time to production.
- Reduced Environmental Footprint: Optimized physical layout minimizes environmental impact while maintaining high operational efficiency.
- Advanced Water Conservation: Internal recycling systems with lower water consumption compared to traditional plants.
- Sustainable Tailings Management: Dry-stacking technology eliminates the need for tailings dams, promoting greater environmental sustainability.
Strategic Progress Toward Production
The Neves Project, Atlas Lithium's flagship operation, received its operational permit from the state of Minas Gerais in October 2024. The project is positioned to initially produce up to 150,000 tonnes per year of battery-grade spodumene concentrate, a critical raw material for lithium-ion batteries.
Atlas Lithium's operations will benefit from Brazil's Lithium Valley's strategic advantages, including expected lower production costs as compared to suppliers from Australia and other regions.
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. The Neves Project received operational permitting from Minas Gerais in October, 2024. 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
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/243918
FAQ
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