Atlas Lithium’s Plant Is Now En Route to Brazil – Marking Major Milestone Towards Production
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Hello Everyone,
We have seen some fast movers in the market since the first of the year. We have profiled several exciting companies so far this year.
This next one is no exception.
Pull up ATLX right away and start your research.
Focused on moving from exploration to profitability; Atlas Lithium Corporation (NASDAQ: ATLX) is a U.S.-based mineral exploration company with the largest size and breadth of exploration projects for strategic minerals in Brazil, a premier mineral jurisdiction.
ATLX 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.
The company’s properties encompass approximately 539 km2 for lithium, as well as mineral rights for nickel, rare earths, titanium and graphite. Atlas Lithium also owns 32% of Atlas Critical Minerals Corporation.
Company Highlights
Over the last several years, Atlas Lithium has assembled Brazil’s largest portfolio of lithium mineral rights among publicly listed companies.
ATLX holds three key projects that span the major lithium-mineralized zones in LV:
- The Neves Project in southern LV, Atlas Lithium’s flagship development, which has recently been permitted and is advancing towards production;
- The Salinas Project in northern LV, spanning 2,070 acres with natural spodumene outcrops, and is located 4.7 miles from Latin Resources Ltd., and with potential for spodumene deposits;
- The Clear Project in central LV, which encompasses 470 acres, is situated 3.8 miles from Sigma Lithium’s (NASDAQ: SGML) Grota do Cirilo mine. There is also potential for spodumene deposits. Sigma Lithium has a market cap of roughly $1.2B! (Note: ATLX’s lithium processing manager James Schloffer had a key role at Sigma!)
State-of-the-Art Processing Plant En Route to Brazil
In a major milestone that accelerates Atlas Lithium’s path to becoming Brazil’s next significant lithium producer, the company’s innovative processing plant is now making its way Brazil. The plant, which departed South Africa on February 2, 2025, is comprised of 141 containers and 10 bulk items, showcasing efficient design features that will set a new industry standard in lithium processing.
The fully-paid plant, valued in tens of millions of dollars, reaffirms Atlas Lithium’s commitment to sustainable mining practices while positioning the company at the forefront of the global lithium industry. With its water-smart technology and eco-friendly low physical footprint, the facility is set to become Brazil’s first modular DMS plant, demonstrating Atlas Lithium’s leadership in responsible resource development.
The plant’s arrival at Brazil’s Port of Santos is scheduled for March 2, 2025. This innovative facility will enable Atlas Lithium to deliver premium-quality lithium concentrate to the rapidly growing electric vehicle and renewable energy markets, reinforcing the company’s position as an emerging leader in sustainable lithium production.
Strategic Partnership with Global Industrial Giant
In a transformative development, Atlas Lithium secured a strategic partnership with Mitsui & Co., Ltd., one of Japan’s largest global trading and investment companies with operations in over 60 countries. In March 2024, Mitsui demonstrated its confidence in Atlas Lithium’s potential by making a substantial US$30 million strategic investment at a 10% premium to market price. The partnership includes a significant offtake agreement lithium concentrate from Atlas Lithium’s Neves Project. Notably, Mitsui’s largest shareholder is Warren Buffett’s Berkshire Hathaway, adding another layer of institutional validation to Atlas Lithium’s business model.
Within the global lithium industry, Brazil’s LV has emerged as a premier hard-rock lithium jurisdiction.
Brazil’s advantages include year-round mining operations, lower labor costs, and a supportive government. The country’s lithium industry outperforms Australian producers on costs; Pilbara Mineral’s US$370M acquisition of a Brazilian lithium explorer in August 2024 highlights the region’s importance.
“Investments in lithium production in Minas Gerais are projected to range from $3.9 billion to $5.8 billion by 2030,” according to João Paulo Braga, CEO of the state investment promotion agency, Invest Minas.
Few countries besides Brazil have such an advantageous position to attract investment, as other Latin American nations face uncertainties and political risks.
ATLX’s Minas Gerais Lithium Project is its largest endeavor and consists of 85 mineral rights totaling approximately 468 km2 which include seven main clusters of prospective mineralization: Neves (currently being explored by drilling campaign and referred to as the “Neves Project”), Coronel Murta, Eastern Properties, Itinga, Salinas, Santa Clara, and Tesouras.
Several of the company’s mineral rights are located adjacent to or near mineral rights that belong to a large publicly traded competitor company which has demonstrated through extensive drilling the presence of lithium deposits totaling over 100 million tons, according to its publicly available filings!
This is a Highly Attractive Location:
◼ Resource Potential to Support Large Scale Operations
✓ The Brazilian Geological Service (CPRM) suggested that the region has at least 45 lithium deposits
✓ Adjacent to operational lithium mines in the region such as Sigma Lithium and CBL
◼ Licensing Fast Track to Speed up Project Execution – Atlas with Permits in Place
✓ Minas Gerais government created a fast-track process, under the InvestMinas Program, to facilitate project development and allow for licensing to be issued quickly
✓ Mining friendly jurisdiction: 300+ operating mines in the state of Minas Gerais
◼ Favorable Infrastructure
✓ Access to abundant renewable & clean energy sources and highway roads directly connected to intercontinental ports to supply main markets
Recent exploration activities at both the company’s Salinas and the Clear Projects have yielded significant progress, and such development bodes well for ATLX’s strategy of securing as many high-quality deposit areas within LV as feasible.
A Big Neighbor
Atlas Lithium’s strategic holdings of 85 mineral rights across 468 km2 in Minas Gerais position it as the emerging force in Brazil’s Lithium Valley, with several properties adjacent to Sigma Lithium Corporation, the region’s established producer. Sigma’s current market capitalization of approximately $1.2 billion—approximately twelve times that of Atlas Lithium—demonstrates the extraordinary value potential in the region. As Atlas Lithium follows a similar development path in the same proven lithium district the company represents a compelling growth opportunity at its current market valuation. The success of Sigma Lithium in establishing large-scale lithium operations provides a clear blueprint for Atlas Lithium’s development trajectory in this world-class mining jurisdiction.
Atlas Lithium’s Plant Is Now En Route to Brazil – Marking Major Milestone Towards Production
Boca Raton, Florida–(Newsfile Corp. – February 3, 2025) – Atlas Lithium Corporation(NASDAQ: ATLX) (“Atlas Lithium” or the “Company”) is pleased to announce the successful shipment of its modular dense media separation (DMS) lithium processing plant from South Africa to Brazil. This milestone marks a significant step in the Company’s progression toward becoming the next lithium producer in Brazil’s resource-rich Lithium Valley.
Atlas Lithium’s DMS plant represents a cornerstone of the Company’s Neves Project, designed to deliver high-quality lithium concentrate to the global market for electric vehicles (EVs) and renewable energy storage systems. With worldwide lithium demand growing, Atlas Lithium is positioned to emerge as a key contributor to the sustainable energy transition.
The shipment, consisting of 141 containers and 10 bulk items, departed the Port of Durban, South Africa, on February 2, 2025, aboard the cargo vessel Irene’s Wisdom (IMO: 9953391), marking the culmination of months of meticulous planning and preparation. The newly manufactured processing facility, fully paid for and owned by Atlas Lithium, is scheduled to arrive at the Port of Santos, Brazil, on March 2, 2025.
Atlas Lithium’s CFO, Tiago Miranda, and Logistics Coordinator, Graciela Vieira, personally inspected the shipment prior to its departure from South Africa, ensuring components were securely packaged for the oceanic journey. Some remaining items of the plant, all of them spare parts, will be shipped to Brazil in two additional containers in March, 2025.
“The news announced today is transformational for Atlas Lithium as our fully paid processing plant significantly reduces project risk,” said Eduardo Queiroz, Atlas Lithium’s Project Management Officer (PMO) and Vice President of Engineering. “Our momentum is clear: from securing our operational permit in October, 2024, to completing fabrication of our optimized DMS plant in South Africa, and now executing its careful shipment to Brazil, Atlas Lithium has firmly delivered several critical milestones.”
Innovative Features of the DMS Plant
The modular DMS plant incorporates cutting-edge and environmentally conscious design, setting a new benchmark for lithium processing:
- Compact, Modular Design: Enables efficient transportation and installation.
- Reduced Environmental Footprint: Optimized physical footprint minimizes environmental impact while ensuring high operational efficiency.
- Advanced Water Conservation: Internal recycling systems drastically reduce water usage.
- Sustainable Tailings Management: Dry-stacking technology eliminates the need for tailings dams, enhancing environmental sustainability.
Strategic Progress Toward Production
The Company believes that its operations in Brazil’s Lithium Valley will benefit from significant strategic advantages, including competitive production costs and high-quality spodumene. Atlas Lithium is well-positioned to meet robust demand for premium-grade lithium concentrate, particularly from Asian markets where electric vehicle adoption continues to accelerate.
NEWS
Atlas Lithium’s Plant Is Now En Route to Brazil – Marking Major Milestone Towards Production
6 days ago
Atlas Lithium’s Processing Plant Prepares for Shipment to Brazil
Jan 21, 2025
Atlas Lithium Accelerates Production Readiness with Key Executive Appointments
Dec 30, 2024
Atlas Lithium Outlines Regional Growth Strategy
Nov 25, 2024
Atlas Lithium’s Neves Project Is Now Permitted
Oct 28, 2024
Atlas Lithium Advances Its Salinas Project
Oct 7, 2024
Atlas Lithium Progresses Towards Key Permitting
Sep 23, 2024
Atlas Lithium’s Progress: Processing Plant Readies For Shipment To Site
Aug 28, 2024
Atlas Lithium Recognized for Its Plant Design
Aug 27, 2024
Atlas Lithium’s Modular Lithium Processing Plant Readies for Brazil
Aug 22, 2024
Jul 26, 2024
Atlas Lithium Strengthens Position In Global Market With Brazilian Mineral Rights Expansion
Jun 24, 2024
Jun 17, 2024
Atlas Lithium to Co-host the Inaugural Brazil Lithium Summit
Jun 3, 2024
May 30, 2024
May 14, 2024
Atlas Lithium’s Modular Processing Plant Enters Final Fabrication and Trial Assembly Stage
May 7, 2024
Apr 12, 2024
Apr 2, 2024
Atlas Lithium Secures US$ 30,000,000 Strategic Investment and Offtake Agreement from Mitsui
Mar 28, 2024
MANAGEMENT
Marc Fogassa
Chairman & Chief Executive Officer
Marc Fogassa has been a director and our Chairman and Chief Executive Officer since 2012. He has extensive experience in venture capital and public company chief executive management. He has served on boards of directors of multiple private companies in various industries and has been invited to speak about investment issues, particularly as related to Brazil. Mr. Fogassa double majored at the Massachusetts Institute of Technology (M.I.T.), graduating with two Bachelor of Science degrees in 1990. He later graduated from the Harvard Medical School with a Doctor of Medicine degree in 1995 and also from the Harvard Business School with a Master of Business Administration degree in 1999 with Second-Year Honors. At Harvard Business School, he was Co-President of the Venture Capital and Private Equity Club. Mr. Fogassa was born in Brazil and is fluent in Portuguese and English. Mr. Fogassa is also the Chairman and Chief Executive Officer of Jupiter Gold Corporation and Chairman and Chief Executive Officer of Apollo Resources Corporation, two companies in which we own equity positions.
Tiago Miranda
CFO & Treasurer
Tiago Miranda is our Chief Financial Officer, Principal Accounting Officer, and Treasurer. From February 2024 until July 2024, Mr. Miranda was the Chief Financial Officer of Apollo Resources Corporation, a private company and a subsidiary of Atlas Lithium. In such capacity, Mr. Miranda managed all of Apollo Resources’ financial and administrative related processes, including treasury, accounting, tax, and financial planning and budgeting.
Previously, from May 2020 to December 2023, Mr. Miranda was the senior financial officer for the Brazilian operations of Horizonte Minerals Plc., a British publicly listed company with two nickel projects in Brazil. During his tenure, he successfully contributed to securing project financing of US$713 million for a ferronickel project and an additional $300 million Brazilian real credit facility with Banco da Amazônia. Between November 2019 to April 2020, Mr. Miranda held the position of Financial Controller for the Brazilian operations at Equinox Gold, a Canadian publicly listed gold producer.
From March 2008 to October 2019, Mr. Miranda served as the Controller of Ferrous Resources Ltd., an iron producer partially owned by Icahn Enterprises, a NYSE-listed company. He actively contributed to the development of company projects from exploration through construction and operation and was also heavily involved in Ferrous Resources’ US$550 million sale to Vale S/A, the largest Brazilian mining company.
From September 2005 to March 2008, Mr. Miranda was an auditor with Deloitte Touche Tohmatsu in Brazil. He has an undergraduate degree in Business Administration and Accounting, and a Master of Business Administration, both from IBMEC in Brazil. Mr. Miranda is fluent in Portuguese and English.
Eduardo Queiroz
Project Management Officer (PMO) & Vice President of Engineering
Eduardo Queiroz has served as Project Management Officer and Vice President of Engineering at Atlas Lithium since December 2024. He brings over 20 years of expertise in managing large-scale and complex mining projects, most recently as General Manager of Planning and Management at Bamin, a unit of Eurasian Resources Group. During his tenure at Bamin, he successfully led the strategic planning of several projects exceeding US$3 billion in value, including an integrated iron ore mining project that encompassed mining operations, processing plant, railway, and ocean port facilities.
Mr. Queiroz’s comprehensive experience includes engineering oversight, environmental compliance, risk management, and the implementation of cost-efficient operational strategies. His expertise in project implementation and management of Brazilian mining projects makes him instrumental in driving Atlas Lithium’s Neves Project toward revenue generation. He holds an MBA in Project Management from Fundação Getúlio Vargas and a degree in Civil Engineering from the Universidade Federal de Ouro Preto.
Igor Tkachenko
Vice President, Corporate Strategy
Igor Tkachenko has been our Vice President of Corporate Strategy since 2023. Igor Tkachenko, a Ukrainian-American and a US-trained physician, has served as a strategic advisor to us since 2021, lending his leadership talents and private sector experience to further the company’s mission to become a leading hard-rock lithium provider for the green energy transition. In 2022, Mr. Tkachenko began consulting for us as our Director of Strategic Development, overseeing the rapid expansion of our investor relations efforts. He participated in the design and execution of our organizational growth strategy that led to our successful up-listing to Nasdaq in January 2023. On the heels of this major milestone, Mr. Tkachenko transitioned from his academic role as a Clinical Assistant Professor to take on an executive position at Atlas Lithium and began serving as our Vice President of Corporate Strategy in 2023. His education includes a Bachelor of Science (Summa Cum Laude) and a Doctor of Medicine degrees.
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