ATLAS LITHIUM CORPORATION

What ATLAS LITHIUM CORPORATION does

Atlas Lithium Corporation (NASDAQ: ATLX) is a pre-revenue hard-rock lithium exploration and development company advancing its flagship Neves Project in Brazil's Lithium Valley (Minas Gerais) toward commercial production. The company controls the largest lithium exploration portfolio in Brazil among publicly listed companies, approximately 557 square kilometers of mineral rights, with the Neves Project positioned as the lead asset. Core processing technology is a modular Dense Media Separation (DMS) plant custom-designed in South Africa and shipped in containers to Brazil for assembly, chosen for its reduced footprint, weight, and capital intensity versus conventional lithium concentrators. Definitive Feasibility Study economics project 146,000 tonnes of lithium concentrate per year at $489/tonne operating cost, supporting a $539 million NPV, 145% IRR, and 11-month payback at current market prices of $2,000-$2,500+ per tonne.

The business model centers on long-term offtake agreements with strategic counterparties — Mitsui & Co. ($30 million equity investment plus offtake), Chengxin Lithium Group ($50 million aggregate equity plus offtake), and Yahua Industrial Group ($50 million aggregate equity plus offtake) — which together cover Phase 1 production and provide indirect exposure to Tesla, BYD, and LG Energy Solution through downstream supply chains. Revenue mechanics will be commodity sales of lithium concentrate at market-linked pricing once the plant is commissioned; the company is also pre-funded for near-term build-out via a $20 million royalty sale to Lithium Royalty Corp and multiple equity/convertible rounds totaling approximately $70 million. The customer base is B2B enterprise lithium chemical processors and trading houses, not end-consumer OEMs.

Beyond the lithium portfolio, Atlas Lithium holds an approximately 20-21% stake in Atlas Critical Minerals Corporation (NASDAQ: ATCX), a separately listed subsidiary controlling 218,000+ hectares of mineral rights for rare earths, graphite, uranium, and iron ore. The company is Nevada-incorporated, headquartered operationally in Boca Raton, Florida, with project operations based in Belo Horizonte, Minas Gerais, Brazil.

Name

ATLAS LITHIUM CORPORATION

Legal name

Atlas Lithium Corporation

Website

https://atlas-lithium.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Atlas Lithium Corporation (NASDAQ: ATLX) is a pre-revenue hard-rock lithium developer advancing its flagship Neves Project in Brazil's Lithium Valley, targeting 146,000 tonnes/year of lithium concentrate via a modular DMS plant, with offtake agreements with Mitsui, Chengxin, and Yahua serving Tesla, BYD, and LG supply chains.

Ownership category

akta.pro rank

Product category

Lithium Mining

NAICS

Support Activities for Mining (213), Support Activities for Mining (2131)

SIC

Metal Mining (1000)

akta.pro primary industry

Lithium Mining & Brine Extraction (IMAKAFAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Lithium concentrate production
• Hard rock lithium mining
• Battery grade spodumene
• Lithium project development
• Mineral exploration services

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Lithium Concentrate Sales: Primary revenue stream from the sale of lithium concentrate produced at the Neves Project processing plant. The company has secured offtake agreements with major lithium chemical companies, including suppliers to Tesla, BYD, and LG. Production is expected to reach approximately 146,000 tonnes of lithium concentrate annually.
2. Equity Investment Proceeds: The company has raised capital through multiple equity financing rounds including registered direct offerings, strategic investments, and convertible notes. Major funding includes $30 million from Mitsui, $20 million from Martin Rowley-led investors, and $10 million from institutional investors. Proceeds fund project development and working capital.
3. Lithium Royalty Transaction: In May 2023, Atlas Lithium sold a 3.0% Gross Overriding Revenue royalty to Lithium Royalty Corp. for $20 million upfront cash consideration. This is non-dilutive funding that provides ongoing royalty payments as production commences.
4. Equity Stakes in Subsidiaries: Atlas Lithium holds approximately 20-28% ownership stake in Atlas Critical Minerals Corporation (NASDAQ: ATCX), which controls mineral rights for rare earths, graphite, uranium, and iron ore. Atlas Critical Minerals commenced trading on Nasdaq in January 2026, providing potential liquidity on Atlas Lithium's investment.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Atlas Lithium Corporation is a mineral exploration and development company focused on advancing its flagship Neves Project in Brazil's Lithium Valley to produce approximately 146,000 tonnes per annum of battery-grade lithium concentrate from hard-rock spodumene ore. The company employs a proprietary modular Dense Media Separation (DMS) processing plant to convert mined ore into lithium concentrate for sale under long-term offtake agreements with major lithium chemical and battery material companies.

Product overview

Atlas Lithium Corporation is a lithium exploration and development company focused on advancing its flagship Neves Project to production. The company operates a portfolio of lithium projects in Brazil's Lithium Valley, including the Minas Gerais Lithium Project, Salinas Project, and Northeastern Brazil Lithium Project, collectively representing approximately 557 square kilometers of mineral rights. The company's primary product is lithium concentrate produced through dense media separation (DMS) technology. The company also holds an approximately 20-21% stake in Atlas Critical Minerals Corporation (NASDAQ: ATCX), a subsidiary focused on rare earths, graphite, uranium, and iron ore.

Differentiator

Problem solved

Functional benefit

Products and services

• Neves Project Lithium Concentrate Flagship hard-rock lithium project in Brazil's Lithium Valley (Minas Gerais) producing battery-grade spodumene concentrate via Dense Media Separation (DMS) technology. Planned annual production of approximately 146,000 tonnes of lithium concentrate at an estimated $489 per tonne operating cost, to be sold under offtake agreements to Chengxin Lithium Group, Yahua Industrial Group, and Mitsui & Co., Ltd.
• Minas Gerais Lithium Project Primary lithium exploration portfolio in Minas Gerais, Brazil, encompassing approximately 557 square kilometers of mineral rights and representing the largest lithium exploration footprint among publicly listed companies in Brazil. Spodumene-rich mineralization confirmed through drilling, including intersections of 1.47% Li2O over 95.2 meters and 5.23% Li2O at shallow depths.
• Salinas Project 100%-owned lithium exploration project in Brazil's Lithium Valley located approximately 60 miles north of the Neves Project, with initial drilling confirming spodumene-rich lithium mineralization at shallow depths and Li2O grades exceeding 2.0%.
• Northeastern Brazil Lithium Project Lithium exploration project located in northeastern Brazil that expands Atlas Lithium's regional lithium exploration portfolio beyond the Minas Gerais Lithium Valley.

Quantifiable outcome

• 145% Internal Rate of Return (IRR) and 11-month payback period based on Definitive Feasibility Study
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and major.

• Government of JapancoreStrategic or Co-development Partner · 17 June 2026The Government of Japan, through the Japan-U.S. Critical Minerals Partnership, is considering financial support for the Neves Project. Atlas Lithium's Neves Project is the only Brazil-based lithium project named in the Joint Fact Sheet for Critical Minerals Project Cooperation between the U.S. and Japanese governments.
• Government of United StatescoreStrategic or Co-development Partner · 17 June 2026The U.S. Government, through the Department of Energy and the Japan-U.S. Critical Minerals Partnership, is considering financial support for the Neves Project. The partnership commits up to $500 million from the U.S. Department of Energy for critical minerals processing and project financing.
• Alfa EngenhariamajorImplementation/ SI/ Consulting Partner · 18 May 2026Alfa Engenharia was engaged as the specialized electromechanical assembly contractor for the Neves Project lithium processing plant. With over 35 years of experience, Alfa has successfully delivered complex industrial projects across Brazil in electromechanical assembly, metal fabrication, and refractory services for major mining and steel industry clients.
• Promon EngenhariamajorImplementation/ SI/ Consulting Partner · 27 April 2026Promon Engenharia was selected to complete multiple detailed engineering components for the Neves Project. Founded in 1960, Promon has delivered more than 2,700 projects and has notable experience in lithium project development in Brazil.
• TSX EngineeringmajorImplementation/ SI/ Consulting Partner · 27 April 2026TSX Engineering was appointed to oversee and manage project implementation for the Neves Project. Founded in 2019, TSX Engineering brings extensive expertise in mining sector capital expenditure and cost management, project planning & controls, and risk management.
• Cerne ConstruçõesmajorImplementation/ SI/ Consulting Partner · 27 April 2026Cerne Construções was engaged under an Engineering, Procurement, and Construction (EPC) contract for the design and construction of the Neves Project's administrative and operational facilities. Founded in 1989, Cerne offers modular construction solutions and broad experience in mining infrastructure.
• RETC InfraestruturamajorImplementation/ SI/ Consulting Partner · 27 April 2026RETC Infraestrutura was engaged for earthworks and civil construction activities for the Neves Project. The RETC team brings over 40 years of combined experience delivering complex industrial projects across Brazil.
• Mitsui & Co., Ltd. (MOU)majorStrategic or Co-development Partner · 18 January 2023Initial Memorandum of Understanding signed with Mitsui regarding potential interest in acquiring the right to purchase Atlas Lithium's future lithium concentrate production. This MOU was a precursor to the definitive investment and offtake agreements signed in March 2024.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mineral Resources Limited: Mineral Resources is an Australian hard-rock lithium miner and mining services provider operating spodumene concentrate projects supplying Chinese converters. Comparable hard-rock lithium concentrate business model and exposure to commodity-driven lithium margins.
• Liontown Resources: Liontown Resources is an Australian hard-rock lithium developer (Kathleen Valley) progressing from explorer to producer. Comparable stage profile to Atlas (pre/early production), with similar offtake economics and dependence on capital markets.
• Sigma Lithium: Sigma Lithium is the most directly comparable peer: a publicly listed, Brazil-based hard-rock spodumene concentrate producer in Minas Gerais's Lithium Valley. Both companies target the same lithium concentrate end-market via similar DMS-style processing and supply Tier-1 battery and EV manufacturers.
• Lithium Americas: Lithium Americas is a pre-production / early-production lithium developer advancing hard-rock and brine assets in the Americas. Its Thacker Pass and Cauchari-Olaroz projects share Atlas's pre-revenue, project-finance-driven development model and exposure to battery-grade lithium supply chains.
• Piedmont Lithium: Piedmont Lithium is a U.S.-listed spodumene-concentrate and lithium hydroxide developer targeting similar Tier-1 EV and battery customers (including Tesla offtake). Comparable pre-production / early-production profile, hard-rock lithium focus, and offtake-driven business model.

Emerging players

• Latin Resources: Latin Resources is an emerging Australia-listed lithium developer with Brazilian hard-rock projects in Minas Gerais. Shares Atlas's Lithium Valley exposure and pre-production development model, though at an earlier exploration stage.

Broad incumbents

• Pilbara Minerals: Pilbara Minerals is an Australian-listed hard-rock lithium concentrate producer and a major BMX/spot-market reference price setter. Comparable spodumene concentrate product, and a benchmark for realized pricing and operating cost benchmarks relevant to Atlas's DFS assumptions.
• Albemarle Corporation: Albemarle is one of the world's largest integrated lithium producers with both brine and hard-rock assets, supplying global battery and chemical customers. Relevant as a broad incumbent that sets benchmark lithium pricing and competes for the same offtake customers Atlas targets.
• Arcadium Lithium: Arcadium Lithium (formed via the Allkem-Livent merger) is a vertically integrated lithium chemicals producer with hard-rock and brine assets in Argentina, Australia, and Canada. It is the most direct corporate comparator for Atlas's strategic advisor Martin Rowley (former Allkem Chairman) and a benchmark offtake partner profile.
• SQM: SQM is a global lithium incumbent producing primarily from Chilean brine, with downstream lithium chemical capacity. Comparable end-market exposure (battery-grade lithium chemicals for EV OEMs) and a benchmark for project economics in the broader lithium sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Atlas_Lithium
• LinkedInlinkedin.com/company/atlas-lithium

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ATLAS LITHIUM CORPORATION