Mitsui (ATLX) discloses 7.3% Atlas Lithium common stock ownership

Rhea-AI Filing Summary

Mitsui & Co., Ltd. reports beneficial ownership of 2,068,089 shares of Atlas Lithium Corporation common stock, representing 7.3% of the class based on 28,205,239 shares outstanding as of April 17, 2025. The amendment reflects a lower ownership percentage caused by passive increases in Atlas Lithium’s shares outstanding over time.

On April 9, 2026, Mitsui acquired 196,839 Atlas Lithium common shares from the company in connection with services it provided. Mitsui holds sole voting and dispositive power over its reported shares.

Key Figures

Beneficial ownership: 2,068,089 shares Ownership percentage: 7.3% Shares outstanding: 28,205,239 shares +2 more

5 metrics

Beneficial ownership 2,068,089 shares Atlas Lithium common stock held by Mitsui

Ownership percentage 7.3% Portion of Atlas Lithium common stock class

Shares outstanding 28,205,239 shares Atlas Lithium common stock as of April 17, 2025

Recent share grant 196,839 shares Atlas Lithium shares acquired April 9, 2026 for services

Sole voting power 2,068,089 shares Shares over which Mitsui has sole voting authority

Key Terms

beneficially owned, sole voting power, sole dispositive power, Schedule 13D, +1 more

5 terms

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 2,068,089.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Number of Shares Beneficially Owned ... Sole Voting Power 2,068,089.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Number of Shares Beneficially Owned ... Sole Dispositive Power 2,068,089.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Power of Attorney regulatory

"Exhibit 4 Power of Attorney, dated April 14, 2026."

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Atlas Lithium Corporation

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

105861306

(CUSIP Number)

Ryo Shibuya, Mitsui & Co., Ltd
2-1, Otemachi 1-chome,
Chiyoda-ku Tokyo, M0, 100-8631
81-90-6379-3009

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/29/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 105861306

1

Name of reporting person

Mitsui & Co., Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,068,089.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,068,089.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,068,089.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.3 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to Row 13: Calculated based on the 28,205,239 shares of the common stock, par value $0.001 per share, of Atlas Lithium Corporation (the "Issuer") outstanding as of April 17, 2025, as provided by the Issuer to the Reporting Person.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: Atlas Lithium Corporation
(c)	Address of Issuer's Principal Executive Offices: RUA ANTONIO de ALBUQUERQUE, 156 - 17TH FLOOR, BELO HORIZONTE, MINAS GERAIS, BRAZIL , 30112-010.
Item 1 Comment: This Amendment No. 1 to Schedule 13D (this "Amendment," and together with the Schedule 13D (as defined below), the "Statement") amends the statement on Schedule 13D originally filed by the Reporting Person with the Securities and Exchange Commission on April 10, 2024 (the "Schedule 13D") and relates to the common stock, par value $0.001 per share (the "Common Stock") of Atlas Lithium Corporation ("Atlas"), a Nevada corporation. This Amendment is filed to report a decrease in the percentage of Common Stock beneficially owned by the Reporting Person resulting from passive increases in the number of shares of Common Stock outstanding over time. Capitalized terms used but not defined in this Amendment have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.
Item 2.	Identity and Background
(a)	The information set forth in Annex A hereof is incorporated by reference into this Item 2.
Item 3.	Source and Amount of Funds or Other Consideration
	On April 9, 2026, the Reporting Person acquired from the Issuer 196,839 shares of Common Stock in connection with certain services provided by the Reporting Person to the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	The responses of the Reporting Person on the cover page of this Statement on Schedule 13D are incorporated herein by reference.
(b)	The responses of the Reporting Person on the cover page of this Statement on Schedule 13D are incorporated herein by reference.
(c)	Other than as described in Item 3 hereof, no transactions in the Common Stock were effected during the past sixty days by the Reporting Person or, to the Reporting Person's knowledge, any person named in Annex A.
(d)	None
(e)	Not Applicable
Item 7.	Material to be Filed as Exhibits.
	Exhibit 4 Power of Attorney, dated April 14, 2026. Exhibit 5 Annex A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Mitsui & Co., Ltd.

Signature:	/s/ Toru Kojima
Name/Title:	Toru Kojima, Attorney-in-Fact*
Date:	04/29/2026

Comments accompanying signature:

* Duly authorized under Power of Attorney filed as Exhibit 4 hereto.

FAQ

What stake does Mitsui & Co., Ltd. report in Atlas Lithium (ATLX)?

Mitsui & Co., Ltd. reports beneficial ownership of 2,068,089 Atlas Lithium common shares, or 7.3% of the class. This percentage is calculated using 28,205,239 Atlas Lithium shares outstanding as of April 17, 2025, as provided to Mitsui by the company.

Why did Mitsui file Amendment No. 1 to its Schedule 13D for ATLX?

Mitsui filed Amendment No. 1 to report a decrease in its percentage ownership of Atlas Lithium common stock. The change results from passive increases in the number of Atlas Lithium shares outstanding over time rather than from significant sales by Mitsui.

How many Atlas Lithium (ATLX) shares did Mitsui recently acquire and why?

On April 9, 2026, Mitsui acquired 196,839 Atlas Lithium common shares directly from the company. These shares were received in connection with certain services Mitsui provided to Atlas Lithium, rather than through open-market purchases or public offerings.

What voting and dispositive powers does Mitsui hold over its Atlas Lithium shares?

Mitsui reports sole voting power over 2,068,089 Atlas Lithium common shares and sole dispositive power over the same number. It reports zero shared voting power and zero shared dispositive power, indicating Mitsui alone controls how these shares are voted and disposed.

How was Mitsui’s 7.3% ownership in Atlas Lithium (ATLX) calculated?

The 7.3% figure comes from dividing Mitsui’s 2,068,089 beneficially owned shares by 28,205,239 Atlas Lithium shares outstanding. Atlas Lithium provided the 28,205,239 outstanding-share count as of April 17, 2025, which Mitsui used as the basis for its percentage calculation.

Where is Mitsui, the reporting person for this Atlas Lithium 13D/A, organized?

Mitsui & Co., Ltd., the reporting person for this Atlas Lithium Schedule 13D/A, is organized in Japan. The filing identifies JAPAN as Mitsui’s citizenship or place of organization, consistent with its status as a Japanese trading and investment company.