[144] Atlas Lithium Corp SEC Filing

Rhea-AI Filing Summary

Atlas Lithium Corp (ATLX) filed a Form 144 proposing the sale of 163,640 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value listed as 777,290. The filing shows these shares were acquired from the issuer in a private transaction on 02/15/2017 and that the filer reports 20,535,259 shares outstanding for the class. The proposed sale is scheduled for 09/22/2025. The filing also discloses two sales during the past three months by Marc Fogassa totaling 183,513 shares for gross proceeds of 1,061,327.12. The notice includes the standard signature representation about absence of undisclosed material information.

Positive

• Full disclosure of broker, share count, acquisition date, and planned sale date
• Prior recent sales are reported (08/06/2025 and 08/27/2025), improving transparency

Negative

• Proposed sale of 163,640 shares could increase available supply of common stock
• Recent disposals totaling 183,513 shares were undertaken within the past three months

Insights

Securities Analyst

TL;DR: Insider notice of sale of 163,640 shares via Goldman Sachs; recent disposals of 183,513 shares were previously reported.

The Form 144 documents a proposed registered sale of 163,640 common shares with an aggregate market value of 777,290, scheduled for 09/22/2025, executed through Goldman Sachs & Co. LLC. The securities were acquired in a private transaction from the issuer on 02/15/2017. The filing separately discloses two prior sales by Marc Fogassa on 08/06/2025 and 08/27/2025 totaling 183,513 shares and gross proceeds of 1,061,327.12. This is a routine Rule 144 notice providing required transparency on planned insider distributions.

Corporate Governance Expert

TL;DR: Form 144 complies with disclosure requirements; includes representation regarding absence of undisclosed material information.

The document supplies the core compliance elements: broker, share count, acquisition history, and recent sales by the reporting person. It notes the filer acquired the shares from the issuer in 2017 and affirms the signer does not possess undisclosed material adverse information. No additional governance actions, trading plan dates, or material conditions are included in the filing text provided.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	163640	777290	20535259	09/22/2025	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	02/15/2017	Acquired from issuer in private transaction	The Issuer			163640	02/15/2017	None

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Marc Fogassa Rua Antonio de Albuquerque 156 17th Floor Belo Horizonte, Minas Gerais D5 30112-010	Common Stock	08/06/2025	150180	883478.9
Marc Fogassa Rua Antonio de Albuquerque 156 17th Floor Belo Horizonte, Minas Gerais D5 30112-010	Common Stock	08/27/2025	33333	177848.22

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Atlas Lithium (ATLX) report in this Form 144?

The Form 144 reports a proposed sale of 163,640 common shares through Goldman Sachs & Co. LLC, with an aggregate market value of 777,290 and an approximate sale date of 09/22/2025.

When and how were the shares to be sold acquired?

The shares were acquired from the issuer in a private transaction on 02/15/2017, per the filing.

Has the filer sold any Atlas Lithium shares recently?

Yes. The filing discloses sales by Marc Fogassa of 150,180 shares on 08/06/2025 for 883,478.90 and 33,333 shares on 08/27/2025 for 177,848.22.

Through which broker will the proposed sale occur?

The proposed sale is listed as executed through Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY.

Does the filing state whether the filer possesses undisclosed material information?

Yes. By signing the notice the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.