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Atlas Lithium Corporation

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Atlas Lithium Corporation operates as a mineral exploration and mining company in Brazil. It focuses on advancing and developing its 100%-owned hard-rock lithium project, which consists of 52 mineral rights covering an area of 56,078 acres that is located primarily in the municipality of Araçuaí in the Vale do Jequitinhonha region of the state of Minas Gerais in Brazil. It also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and participates in iron and quartzite projects. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation is based in Beverly Hills, California.

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Atlas Lithium Corporation (NASDAQ:ATLX) has entered into investment and offtake agreements with Mitsui & Co, Ltd, involving a $30 million investment in Atlas Lithium's common shares at a premium and an agreement for Mitsui to purchase up to 75,000 tons of lithium concentrate from Atlas Lithium's Neves Project in Brazil. This partnership is seen as a significant validation of Atlas Lithium's project and is expected to accelerate the company's development towards revenue generation from its environmentally sustainable lithium concentrate production.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 10:50 am

Atlas Lithium has announced a strategic investment that provides the company with immediately available funds. This financial boost is aimed at accelerating its development towards generating revenue through the production and sale of high-quality lithium concentrate.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:50 am

Atlas Lithium has secured a $30M strategic investment and offtake agreement from Mitsui, enhancing its financial position and future lithium supply capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:50 am

TMC The Metals Company, Ampco-Pittsburgh Corporation, Vale, and Atlas Lithium reported significant updates. TMC reported a reduced annual loss and highlighted progress in marine research. Ampco-Pittsburgh reported increased sales and operational losses due to asbestos charges but improved non-GAAP income. Vale is negotiating DOE funding for an iron ore briquette facility to reduce emissions. Atlas Lithium appointed a new COO to leverage Brazil's Lithium Valley reserves.

Portfolio Pulse from Austin DeNoce

March 26, 2024 | 9:09 pm

Commercial Metals Company reported lower Q2 earnings and sales compared to last year, but saw strategic growth and a strong upcoming construction season. Newmont Corporation experienced bearish options activity, indicating investor sentiment expects a price range of $30 to $40 in the next three months. Atlas Lithium Corporation announced Brian Talbot as new COO, preparing for its first revenues and production in Q4 2024. United States Steel celebrated volunteer efforts with donations to charities. Ternium received an Overweight rating from JPMorgan with a raised price target.

Portfolio Pulse from Austin DeNoce

March 21, 2024 | 10:07 pm

Atlas Lithium Corporation (NASDAQ:ATLX) has announced the appointment of Brian Talbot as Chief Operating Officer and Board member, effective April 1, 2024. Talbot, a lithium industry veteran with a strong background in development and operations, joins Atlas Lithium as the company prepares for its first production and revenue in Q4 2024. Talbot's previous roles include COO at Sigma Lithium Corporation (NASDAQ:SGML) and positions at Galaxy Resources, now part of Arcadium Lithium PLC.

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 1:04 pm

Atlas Lithium Corporation (NASDAQ:ATLX) has appointed James Abson as Chief Geology Officer. Abson brings over 29 years of experience in mining and mineral exploration, including involvement in various hard-rock lithium projects globally. At Atlas Lithium, Abson will guide the company's exploration program at its 100%-owned Neves Project and other lithium mineral rights in Brazil.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:06 pm

Several analyst forecasts were released on Thursday, with price target changes for CrowdStrike Holdings, FedEx Corporation, Atlas Lithium Corporation, Boston Scientific Corporation, CSX Corporation, HealthEquity, Oracle Corporation, General Mills, Camping World Holdings, Five9, and Frontier Group Holdings. The majority of the ratings were maintained, with a few upgrades and downgrades.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 11:48 am

HC Wainwright & Co. analyst Heiko Ihle maintains a 'Buy' rating on Atlas Lithium (NASDAQ:ATLX), but has lowered the price target from $56 to $52.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 10:58 am

In the last quarter, Atlas Lithium (NASDAQ:ATLX) received six bullish analyst ratings with an average 12-month price target of $53.33, a high of $70.00, and a low of $47.00. The average price target has increased by 34.16% over the past month.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 1:01 pm

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