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Atlas Lithium Subsidiary's Iron Quadrangle Project on Track for Q4 2025 Revenues

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Atlas Lithium (NASDAQ: ATLX) announced that its 30%-owned subsidiary, Atlas Critical Minerals (OTCQB: JUPGF), is advancing its Iron Quadrangle Project in Minas Gerais, Brazil, with expected revenue generation starting in Q4 2025.

The project will operate through a strategic partnership model where a partner company will handle mining operations and processing, converting raw iron ore into high-quality sinter feed. ACM will receive revenues from run-of-mine material and a percentage of final product sales.

The Iron Quadrangle Project has achieved key milestones including systematic exploration since 2020, a drilling campaign, technical report publication in 2022, and securing both a 10-year operational license and mining concession status in 2024-2025.

Atlas Lithium (NASDAQ: ATLX) ha comunicato che la sua controllata al 30%, Atlas Critical Minerals (OTCQB: JUPGF), sta portando avanti il progetto Iron Quadrangle nello stato di Minas Gerais, Brasile, con l’avvio delle entrate previsto per il Q4 2025.

Il progetto sarà gestito attraverso un modello di partenariato strategico in cui una società partner si occuperà delle attività di estrazione e della lavorazione, trasformando il minerale grezzo in sinter feed di alta qualità. ACM percepirà ricavi sia dal materiale run-of-mine sia da una percentuale sulle vendite del prodotto finale.

Il progetto Iron Quadrangle ha raggiunto traguardi significativi, tra cui esplorazioni sistematiche dal 2020, una campagna di perforazione, la pubblicazione di una relazione tecnica nel 2022 e l’ottenimento di una licenza operativa decennale e dello status di concessione mineraria tra il 2024 e il 2025.

Atlas Lithium (NASDAQ: ATLX) anunció que su filial con un 30% de participación, Atlas Critical Minerals (OTCQB: JUPGF), está avanzando en el proyecto Iron Quadrangle en Minas Gerais, Brasil, y espera comenzar a generar ingresos en el Q4 2025.

El proyecto operará mediante un modelo de asociación estratégica en el que una empresa socia se encargará de las operaciones mineras y del procesamiento, convirtiendo el mineral en sinter feed de alta calidad. ACM recibirá ingresos por el material run-of-mine y un porcentaje de las ventas del producto final.

El proyecto Iron Quadrangle ha alcanzado hitos clave, incluyendo exploraciones sistemáticas desde 2020, una campaña de perforación, la publicación de un informe técnico en 2022 y la obtención de una licencia operativa de 10 años y la condición de concesión minera en 2024-2025.

Atlas Lithium (NASDAQ: ATLX)는 지분 30% 보유 자회사 Atlas Critical Minerals (OTCQB: JUPGF)가 브라질 미나스제라이스의 Iron Quadrangle 프로젝트를 추진 중이며 2025년 4분기(Q4 2025)에 수익 창출을 시작할 것으로 예상된다고 발표했습니다.

이 프로젝트는 전략적 파트너십 모델로 운영되며, 파트너사가 채굴 및 가공을 담당해 원광을 고품질 신터 피드(sinter feed)로 전환합니다. ACM은 원광(run-of-mine)에서 발생하는 수익과 최종 제품 판매의 일정 비율을 받게 됩니다.

Iron Quadrangle 프로젝트는 2020년부터의 체계적인 탐사, 시추 캠페인, 2022년 기술 보고서 발표, 그리고 2024~2025년에 10년 운영 허가 및 채광권 취득 등 주요 이정표를 달성했습니다.

Atlas Lithium (NASDAQ: ATLX) a annoncé que sa filiale détenue à 30 %, Atlas Critical Minerals (OTCQB: JUPGF), fait progresser son projet Iron Quadrangle dans le Minas Gerais, au Brésil, et prévoit de commencer à générer des revenus au 4e trimestre 2025 (Q4 2025).

Le projet fonctionnera selon un modèle de partenariat stratégique où une entreprise partenaire prendra en charge les opérations minières et le traitement, transformant le minerai brut en sinter feed de haute qualité. ACM percevra des revenus provenant du matériel run-of-mine et un pourcentage des ventes du produit final.

Le projet Iron Quadrangle a atteint des étapes clés, notamment des explorations systématiques depuis 2020, une campagne de forage, la publication d’un rapport technique en 2022 et l’obtention d’une licence opérationnelle de 10 ans ainsi que du statut de concession minière entre 2024 et 2025.

Atlas Lithium (NASDAQ: ATLX) gab bekannt, dass seine zu 30 % gehaltene Tochtergesellschaft Atlas Critical Minerals (OTCQB: JUPGF) ihr Iron Quadrangle-Projekt in Minas Gerais, Brasilien, vorantreibt und voraussichtlich ab Q4 2025 Umsätze erzielen wird.

Das Projekt soll über ein strategisches Partnerschaftsmodell betrieben werden, bei dem ein Partner die Bergbau- und Verarbeitungsarbeiten übernimmt und das Roherz in hochwertiges Sinter-Futter (sinter feed) umwandelt. ACM wird Erlöse aus dem Run-of-Mine-Material sowie einen Prozentsatz der Verkäufe des Endprodukts erhalten.

Das Iron Quadrangle-Projekt hat wichtige Meilensteine erreicht, darunter systematische Explorationen seit 2020, eine Bohrkampagne, die Veröffentlichung eines technischen Berichts im Jahr 2022 sowie die Erteilung einer 10-jährigen Betriebsgenehmigung und den Bergbaurechtsstatus in den Jahren 2024–2025.

Positive
  • Strategic partnership model enables revenue generation without significant capital investment
  • Project expected to begin generating revenue in Q4 2025
  • Secured 10-year operational license and mining concession status
  • Diversification of revenue streams through multiple minerals exposure
  • Partnership with established processor reduces operational risks
Negative
  • Atlas Lithium only owns 30% of the subsidiary, limiting revenue potential
  • Project exploration only covers approximately 10% of the total area
  • Revenue sharing model may result in lower margins compared to full ownership

Insights

Atlas Lithium's subsidiary set to generate revenue in Q4 2025 through a capital-efficient partnership model, diversifying the company's mineral portfolio beyond lithium.

Atlas Lithium is strategically positioning itself for diversified revenue streams through its 30% ownership stake in Atlas Critical Minerals Corporation (ACM). The announcement that ACM's Iron Quadrangle Project will begin generating revenue in Q4 2025 represents a significant milestone in the company's portfolio strategy beyond its flagship Neves Lithium Project.

The partnership model being implemented is particularly noteworthy from a financial perspective. By partnering with an established iron ore processor, ACM has effectively minimized capital expenditure requirements while creating a pathway to near-term cash flows. Under this arrangement, the partner company will handle both the mining operations and processing of the iron ore, transforming unprocessed material into higher-value sinter feed products.

ACM's revenue model is two-pronged: income from run-of-mine material sales plus a percentage of final sinter feed product sales. This structure provides upside exposure while reducing operational complexity and capital requirements. The Iron Quadrangle location in Minas Gerais, Brazil is strategically significant as a world-renowned iron ore region with established infrastructure.

The project has progressed methodically since mineral rights acquisition in 2020, moving through exploration (2021-2022), technical reporting (2022), operational licensing (May 2024), and finally mining concession status (May 2025). This systematic approach demonstrates disciplined project development and de-risking.

For Atlas Lithium shareholders, this development creates exposure to uncorrelated revenue streams across multiple minerals, potentially reducing overall business volatility while maintaining focus on their core lithium assets. The strategic value lies in generating near-term cash flow from a secondary asset while the company continues advancing its primary lithium project toward production.

Strategic Partnership Model Allows for Near-Term Cash Flow Generation

Boca Raton, Florida--(Newsfile Corp. - September 2, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium development company advancing towards production at its flagship Neves Lithium Project, today announced significant progress by its 30%-owned subsidiary, Atlas Critical Minerals Corporation (OTCQB: JUPGF) ("Atlas Critical Minerals" or "ACM"). ACM's Iron Quadrangle Project is expected to generate initial revenues in the fourth quarter of 2025 through a strategic partnership with an iron ore processing company, marking a major milestone in the Company's diversified portfolio strategy.

The Iron Quadrangle Project, named after its world-renowned location in the State of Minas Gerais, Brazil, will leverage a capital-efficient revenue model through partnership with an established iron ore processor. Under this arrangement, mining operations and processing of extracted iron ore will be performed by the partner company, which owns processing facilities capable of transforming ACM's unprocessed iron ore into high-quality sinter feed. Atlas Critical Minerals will receive revenues from its run-of-mine material and a percentage of the final sinter feed product sales. Figure 1 is a photograph of the plant expected to process ACM's iron ore.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/264678_20f34572847d4abb_002.jpg

Figure 1 - Plant where Atlas Critical Minerals' iron ore will be processed.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/264678_20f34572847d4abb_002full.jpg

"This development represents a significant step forward for our portfolio of quality projects with reasonable timeline to production," said Marc Fogassa, Chairman and CEO of Atlas Lithium Corporation. "Our ownership stake in Atlas Critical Minerals is expected to provide our shareholders with exposure to multiple minerals and their uncorrelated revenue streams. The Iron Quadrangle Project's path to near-term profitability exemplifies this strategy."

The Iron Quadrangle Project benefited from ACM's systematic exploration and development. Atlas Critical Minerals acquired the mineral right in 2020, conducted detailed geological exploration including a drilling campaign covering approximately 10% of the area in 2021 and 2022, and published an initial technical report in accordance with U.S. guidelines in 2022. The Iron Quadrangle Project received a 10-year operational license from the State of Minas Gerais in May 2024 and its mineral right was granted mining concession status by the Ministry of Mines and Energy in May 2025.

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is a lithium development company focused on advancing its Neves Project to production. The Neves Project's Definitive Feasibility Study demonstrates excellent economics with a 145% IRR, $539 million NPV, and an 11-month payback. The Neves Project has received operational permitting, and its dense media separation plant has been acquired and transported to Brazil. With approximately 797 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies. 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: Atlas Lithium's ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the "DFS"); discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; 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, and in the Company's Form 10-Q filed with the SEC on August 4, 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/264678

FAQ

When will Atlas Lithium's Iron Quadrangle Project start generating revenue?

The Iron Quadrangle Project is expected to begin generating revenue in Q4 2025 through its strategic partnership with an iron ore processing company.

What percentage does Atlas Lithium own of Atlas Critical Minerals (JUPGF)?

Atlas Lithium owns a 30% stake in Atlas Critical Minerals Corporation (OTCQB: JUPGF).

How will Atlas Lithium's Iron Quadrangle Project generate revenue?

The project will generate revenue through a partnership model where ACM receives payments from run-of-mine material and a percentage of final sinter feed product sales.

What licenses has the Iron Quadrangle Project secured?

The project has secured a 10-year operational license from the State of Minas Gerais (May 2024) and a mining concession from the Ministry of Mines and Energy (May 2025).

Where is Atlas Lithium's Iron Quadrangle Project located?

The Iron Quadrangle Project is located in the State of Minas Gerais, Brazil, in a world-renowned mining region.
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