Atlas Lithium Corporation (NASDAQ:ATLX) ("Atlas Lithium" or the "Company") today announced that it is on track for first commercial production of lithium oxide concentrate in the fourth quarter of 2027. The Company's 100%-owned and fully permitted Neves Project will feature a vertically integrated mining and processing industrial complex designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate per year, a key component of the global battery supply chain for electric vehicles and energy storage systems. Reflecting the strength of the Neves Project, Atlas Lithium has received written product interest from multiple companies totaling more than three times its planned production capacity.

Highlights

  • On Track for Q4 2027 First Production: Transitioning Atlas Lithium from developer to producer.
  • Fully Permitted Through Commercial Production: A major risk of any project has been eliminated.
  • Strong Market Interest: Written product interest cumulatively exceeds three times planned production capacity.
  • Robust Projected Economics: DFS results show a 145% after-tax IRR and an 11-month payback period, with operating costs of $489 per tonne versus recent market prices of roughly $2,300 per tonne.
  • Strong Employment and Social Contribution: Atlas Lithium's Jequitinhonha Valley employees already earn twice the local wage and more than 5,000 additional direct and indirect jobs will be created.