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Atlas Lithium Corporation (NASDAQ: ATLX) is a mineral exploration leader focused on lithium and critical battery metals in Brazil's Lithium Valley. This page serves as the definitive source for official company announcements, operational updates, and strategic developments.
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Atlas Lithium (NASDAQ: ATLX) is preparing to ship its modular dense media separation (DMS) lithium processing plant from South Africa to Brazil. The company's team recently visited South Africa to oversee the preparation of plant components. 48 containers have been packed so far, with over 100 containers expected before shipment from Durban to Santos.
The modular DMS plant represents a significant advancement for Brazil's lithium industry, offering reduced production costs and lower water consumption. The plant's components have undergone trial assembly in South Africa, with some final pieces still in fabrication. The modular design is expected to streamline transportation, installation, and commissioning processes, while its reduced footprint makes it environmentally friendly.
Atlas Lithium has more than doubled its lithium exploration footprint in Brazil to approximately 539 km². The expansion includes new claims in the Doce River and Mucuri Valleys, promising regions for lithium. The company is progressing with a Definitive Feasibility Study (DFS) for its Neves Project, expected to be completed before production starts in Q4 2024. Initial exploration within the newly acquired areas has identified several lithium-rich pegmatites. Atlas Lithium's dense media separation plant is set for shipment in Q3 2024, with production anticipated later that year. The company aims to leverage its first-mover advantage in Brazil's burgeoning lithium sector, positioning itself as a leading producer.
Atlas Lithium (NASDAQ: ATLX) will co-host the inaugural Brazil Lithium Summit from June 11-13, 2024, in Belo Horizonte, Brazil.
The summit, endorsed by Invest Minas, will gather key industry players and investors to discuss Brazil's lithium potential.
Atlas Lithium CEO Marc Fogassa will introduce the event and moderate a panel featuring Ernie Ortiz, CEO of Lithium Royalty (LRC), which invested $20 million in Atlas Lithium in 2023. Mitsui & Co. , which invested $30 million and signed an offtake agreement for Atlas Lithium's Neves Project, will also be represented.
Other strategic partnerships include Chengxin and Yahua, major suppliers to EV manufacturers BYD and Tesla. Atlas Lithium's processing plant is nearing completion, with production slated for Q4 2024.
The summit aims to strengthen Atlas Lithium's role in the global lithium supply chain amid the rapidly growing EV industry.
Atlas Lithium's modular dense media separation (DMS) lithium processing plant is in the final fabrication and trial assembly stage, marking a significant milestone for the company. The innovative design streamlines transportation, installation, and commissioning, with reduced environmental impact. This advancement aligns with Atlas Lithium's goal of producing high-quality, environmentally sustainable lithium concentrate by Q4 2024.
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