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20/07/2024
Mining News

Atlas Lithium: Fully Funded and Set for First Production by 2024, Offering a New Source

Florida-based Atlas Lithium Corporation will move exploration to production and has secured full funding for its early revenue strategy, which aims to bring the company into production in Q4 2024.

CAGR of 210% – Over the last several years Atlas Lithium has experienced substantial growth as evidenced by its stock’s open market price ascent – from $1.05 on December 31, 2020, to $5.70 on December 31, 2021, to $7.00 on December 31, 2022, and finishing 2023 at $31.28.

Supported by

Brazil’s Lithium Valley – Atlas Lithium has the largest exploration project portfolio for hard-rock lithium and other battery metals in Brazil’s Lithium Valley (a well-known lithium district in the state of Minas Gerais) to power the EV revolution. The company will develop its mine and plant to produce and sell lithium concentrate. Atlas intends to be a leader in the provisioning of minerals essential to the transformation of the global economy from fossil fuels to electrification, a process which is expected to take decades.

Sustainable Lithium – Atlas Lithium aims to provide social and environmentally sustainable lithium supply from a US friendly jurisdiction. Currently, there is a lot of concern about the environmental impacts of lithium mining (as in brine in Argentina, etc), and hard-rock lithium solves a lot of these environmental concerns. Also, future lithium supply is becoming an important geopolitical question. Atlas Lithium strives to become an important player in the future sustainable supply of basic materials needed for the green energy revolution and has appointed and empowered an ESG Chief who coordinates our efforts in these matters. EV buyers are already asking where the lithium in their EVs is coming from and whether it’s being mined sustainably.

Producing and selling hard-rock lithium. There are only two main types of lithium currently in the world – lithium from brine uses up a lot of water and has harmful impact on the surrounding communities and environment. Lithium from hard-rock formation, which is what we have, can be produced cleanly, with no harmful chemical and with minimal waste and recirculated water usage. Atlas Lithium aims to provide a socially and environmentally sustainable source of lithium to the world.

 

Source: Azo Mining

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