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ATLAS LITHIUM CORPORATION
US NASDAQ SYMBOL: ATLX
Website | Latest News
Good morning Ggg,
While ATLX announced one of its biggest project milestones to date yesterday, the market's reaction was relatively measured.
That muted response of the market could suggest investors are still digesting the significance of the expansion permit and what it means for the Neves Project moving toward production. Major permitting milestones often take time for the market to fully price in, especially for development-stage mining companies.
Even more interesting, the timing of this news coincides with what appears to be a Double Bottom forming on the chart, a classic technical pattern that can signal the end of a prolonged downtrend when confirmed.
ATLX now finds itself testing a key descending trendline. If buyers continue to build on yesterday's news-driven momentum, a BREAKOUT could be on the horizon.
Fundamentals improving. Technicals strengthening.
That's why ATLX remains on HIGH ALERT today, so make sure you have it on your screen for the open.
WE ARE ISSUING AN IMMEDIATE ALERT ON ATLX!
Atlas Lithium Corporation (NASDAQ: ATLX) is a lithium development company advancing its Neves Project to production in Brazil's legendary "Lithium Valley" — Minas Gerais. With approximately 557 square kilometers of lithium mineral rights, ATLX owns the LARGEST lithium exploration footprint in Brazil among publicly-listed companies.
Yesterday's news should not be ignored. The company announced it has received the expansion permit for its 100%-owned Neves Project, removing a MAJOR regulatory hurdle and what could put ATLX in the spotlight.
Why such a big deal?
ATLX is no longer just talking about a lithium project, it continues moving toward actual execution. It is no longer just talking about a lithium project, it is moving toward physical execution. According to the company’s project economics, the Neves Project is targeting approximately 146,000 tonnes of lithium concentrate per year, with estimated operating costs of $489 per tonne.
Like we said before...
Real Production = revenue potential.
DESCENDING TRIANGLE PATTERN NOW TESTING SUPPORT
Yesterday, we highlighted ATLX as it reached the apex of a Descending Triangle, a technical pattern that often precedes a significant move in either direction.
Following yesterday's news, the stock continues trading just above key support. Could the expansion permit be the catalyst that finally pushes ATLX into BREAKOUT MODE?
We believe ATLX may be sitting at what could be a critical technical inflection point.
How far could this potential Breakout Rally go? A return to its 52-week high of $8.25 would represent up to 120% UPSIDE POTENTIAL from current levels!
But the story doesn't end here. Wall Street analysts continue to issue "STRONG BUY" ratings and a Price Target of $12.50... implying nearly 230%+ UPSIDE POTENTIAL!
THE BOTTOM LINE
Yesterday's expansion permit added another meaningful catalyst to the ATLX story.
Combined with a strengthening technical setup, Wall Street's continued "Strong Buy" ratings, and a Price Target of $12.50... representing more than 230% upside potential, ATLX remains one of the most compelling lithium stocks on our radar.
Make sure you put ATLX on your screen RIGHT NOW and
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