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ATLAS LITHIUM CORPORATION
US NASDAQ SYMBOL: ATLX
Website | Latest News
We need to get ATLX back in front of you IMMEDIATELY. The company released BREAKING NEWS that could become one of the most important project catalysts yet:
ATLX has been granted the expansion permit for its 100%-owned Neves Project.
This is a MAJOR milestone because permitting is often one of the biggest hurdles for any mining company trying to move from development toward production. And according to today’s release, this new permit positions Atlas Lithium to advance the Neves Project in line with its Definitive Feasibility Study.
"Permitting is often regarded as one of the greatest challenges in mining, and we successfully met this test by working with experts that conducted comprehensive technical studies which confirmed the Neves Project's minimal impact."
-Marc Fogassa, CEO and Chairman of Atlas Lithium.
Atlas Lithium Granted Expansion Permit for Its Neves Project
June 29, 2026 7:30 AM EDT | Source: Atlas Lithium Corporation
Boca Raton, Florida--(Newsfile Corp. - June 29, 2026) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a leading developer of lithium resources, is pleased to announce that it has received the expansion permit for its 100%-owned Neves Project in Minas Gerais, Brazil. Details can be found in the Current Report on Form 8-K filed with the Securities and Exchange Commission today.
With this expansion permit, Atlas Lithium is positioned to advance the implementation of its Neves Project as reflected in the Company's Definitive Feasibility Study ("DFS"). Completed by SGS Canada Inc., a globally recognized leader in mineral evaluation, the DFS positions Atlas Lithium among the most capital-efficient lithium developers worldwide. In particular, the DFS projects annual production of approximately 146,000 tonnes of lithium concentrate, with an after-tax Internal Rate of Return (IRR) of 145% and an estimated 11-month payback period. Importantly, the projected operating cost of $489 per tonne of lithium concentrate compares favorably with recent market prices of around $2,200 per tonne.
"We are thankful to the regulatory commission that voted to grant us the expansion permit, a highly significant milestone in our disciplined journey toward production," said Marc Fogassa, CEO and Chairman of Atlas Lithium. "Permitting is often regarded as one of the greatest challenges in mining, and we successfully met this test by working with experts that conducted comprehensive technical studies which confirmed the Neves Project's minimal impact. Equally important, the strong and respectful relationship that we have built with our local communities in the Jequitinhonha Valley has been instrumental to our success and continues to distinguish Atlas Lithium."
The Company's workforce in the Jequitinhonha Valley is set to grow several-fold with the anticipated implementation of the Neves Project. Atlas Lithium pays wages that average more than twice the prevailing local rates in the region where it operates, with its team members enjoying multiple additional benefits, such as family health insurance.
Atlas Lithium has assembled a group of top-tier Brazilian execution partners to deliver the Neves Project into production, including Promon Engenharia, TSX Engineering, Cerne Construções, and Alfa Engenharia. Atlas Lithium's modular Dense Media Separation ("DMS") lithium processing plant has already been delivered to Brazil and is ready for assembly. The compact modular design of the DMS plant allows for efficient transport, installation, and commissioning. With advanced water recirculation systems and 100% dry-stacked tailings, the facility is designed to achieve among the lowest water usage rates and highest environmental standards in the sector.
Future growth potential for the Company is supported by the largest lithium exploration footprint in Brazil among publicly listed companies. This strategic position was further reinforced by a $30 million equity investment from Mitsui & Co., one of Japan's leading diversified conglomerates.
Atlas Lithium also maintains exposure to a diversified portfolio of critical and strategic minerals - including rare earth elements, graphite, and titanium - all essential to the global energy transition, advanced technology, and defense industries, through its approximately 20% ownership of Atlas Critical Minerals Corporation (NASDAQ: ATCX).
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BREAKING DOWN TODAY'S NEWS
Just how big of a deal is this news?
Because the DFS projects approximately 146,000 tonnes of annual lithium concentrate production, an after-tax IRR of 145%, and an estimated 11-month payback period. Even more eye-opening, ATLX says projected operating costs are approximately $489 per tonne, compared to recent lithium concentrate market prices around $2,200 per tonne.
In other words, the same ATLX story we flagged this morning just received a fresh, company-confirmed catalyst.
And this is not happening in a vacuum.
ATLX says its modular DMS lithium processing plant has already been delivered to Brazil and is ready for assembly. The company has also lined up top-tier Brazilian execution partners, including Promon Engenharia, TSX Engineering, Cerne Construções, and Alfa Engenharia, as it pushes the Neves Project closer toward implementation.
Permits. Plant. Partners. Project economics.
ATLX just checked one of the biggest boxes on the road toward production — and with this breaking news hitting today, traders may want to keep this former multi-time runner on HIGH ALERT.
Make sure you put ATLX on your screen RIGHT NOW and
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