Profile
Sector:
Basic MaterialsIndustry:
Other Industrial Metals & MiningCountry:
BrazilIPO:
23 December 2022Website:
http://www.atlas-lithium.comNext earnings report:
15 May 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:58:20 GMTDividend
Analysts recommendations
Institutional Ownership
ATLX Latest News
Atlas Lithium Corporation has secured $50 million in investments and is set to begin production next year. The company operates in Brazil and has two key projects: the Minas Gerais Lithium Project and the Northeastern Brazil Lithium Project. The demand for lithium is expected to steadily increase, and ATLX is well-positioned to be a major supplier in the Brazilian market.
(Kitco News) - Shares of lithium developer Atlas Lithium (NASDAQ: ATLX) closed 12.5% higher today after the company announced it is fully funded to first production at the Neves lithium project in Brazil.
The appeal of lithium stocks is obvious, given the critical mass reached in EV sales. Manufacturers are bound to require ever more significant volumes of the necessary lithium to produce EV batteries.
Atlas Lithium, a mineral exploration company, has received $20 million in non-dilutive funding from Lithium Royalty Corporation, enabling it to fund its planned drilling campaign. ATLX holds the largest portfolio of exploration properties for battery minerals in Brazil and plans to develop a processing facility producing 150,000 tons of lithium concentrate per year. Investing in Atlas Lithium is risky, but once it starts producing lithium, the stock price may soar, making it a buy for those willing to take the risk.
Atlas Lithium updated investors on the progress of its project: drilling for lithium in Brazil. Atlas keeps finding lithium in Brazil -- but keeps needing more money to drill for it.
Atlas Lithium reported lithium test results at the Neves project that exceed the company's target. An analyst upwardly revised the price target on Atlas Lithium's stock based on the test results.
Atlas Lithium has things going for it, certainly. That Mitsui agreement is interesting, for example. But this is very early days here, very early days indeed. There are no reserves of lithium as yet, for example.
What type of business is Atlas Lithium?
Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as 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 was founded in 2011 and is based in Belo Horizonte, Brazil.
What sector is Atlas Lithium in?
Atlas Lithium is in the Basic Materials sector
What industry is Atlas Lithium in?
Atlas Lithium is in the Other Industrial Metals & Mining industry
What country is Atlas Lithium from?
Atlas Lithium is headquartered in Brazil
When did Atlas Lithium go public?
Atlas Lithium initial public offering (IPO) was on 23 December 2022
What is Atlas Lithium website?
https://www.atlas-lithium.com
Is Atlas Lithium in the S&P 500?
No, Atlas Lithium is not included in the S&P 500 index
Is Atlas Lithium in the NASDAQ 100?
No, Atlas Lithium is not included in the NASDAQ 100 index
Is Atlas Lithium in the Dow Jones?
No, Atlas Lithium is not included in the Dow Jones index
When was Atlas Lithium the previous earnings report?
No data
When does Atlas Lithium earnings report?
The next expected earnings date for Atlas Lithium is 15 May 2025