ProfitQuotes.com
symbol lookup  commodity list
Bookmark This Page
Daily Dividend Report: PH, SYY, XOM, CVX, BAC

Fri, 26 Apr 16:24:29 GMT
Daily Dividend Report: PFE, SCHW, CI, MPC, AVY

Thu, 25 Apr 17:45:00 GMT
Portfolio Channel
Free Energy Dividend Stock Report
Free Dividend Report - Top Ranked Stocks
Free Dividend Paying Gold/Metals Stocks Report
Get a quote box (like the one below) for your site!
ProfitQuotes.com Commodities Quotes
commodity quotes list
energy quotes  gold quotes
uranium stocks  
solar power stocks

wind power stocks

Industry focus:

advertising stocks,
space stocks,
aerospace stock,
aerospace sector,
list of aerospace companies,
largest chemical companies,
chemical stock,
chemical news,
best agriculture stocks,
ag stocks,
chinese agriculture stocks,
top agriculture companies,
agriculture stocks,
agricultural stocks,
agricultural stock,
stocks agriculture,
agriculture markets,
agriculture index,
agriculture industries,
agricultural investment,
agriculture investment,
agricultural industry,
farm stock,
airline stock symbols,
airline stock prices,
airline stock,
airlines stock,
clothing stock,
fashion stocks,
publicly traded fashion companies,
clothing company stocks,
apparel stock,
apparel companies,
application software stocks,
asset management stocks,
auto stocks,
auto industry stocks,
chinese auto stocks,
auto stock prices,
automotive stock,
auto parts stocks,
community bank stocks,
regional bank stocks,
canadian bank stocks,
banking stock,
national bank stocks,
commercial bank stock,
banks stock,
bank stock quote,
bank stocks,
banking industry,
alcohol stocks,
beverage stock,
global wine stocks,
wine stocks,
liquor stock,
biotech stocks list,
biotechnology investing,
public biotech companies,
top biotech stocks,
nanotechnology stock,
largest biotech companies,
biotechnology stock,
biotech investing,
investing in biotech,
best biotech companies,
bio stocks,
biotech sector,
biotechnology investment,
biopharma companies,
new biotech companies,
biotech investment,
biotechnology industries,
nanotech stocks,
biotech stocks,
biotechnology articles,
biotechnology news,
business stocks,
service stocks,
chemical companies,
chemical industries,
chemical industry,
chemical company,
chemicals company,
cigarette stock,
cigarette company stocks,
cigarette stock symbols,
tobacco company stocks,
tobacco stock,
cigar stocks,
communications stocks,
communication stock,
computer peripherals companies,
computer peripherals,
computers stocks,
computer stock,
computer web,
internet stocks,
construction stocks,
machinery stocks,
builders stocks,
building stocks,
consumer goods stocks,
consumer services stocks,
consumer services companies,
lending stocks,
mortgage banking,
lending companies,
mortgage bankers,
loan services,
mortgage services,
mortgage bank,
loan bank,
defense stocks,
defensive stock,
department store stocks,
diagnostic company,
diagnostic companies,
pharmaceuticals stocks,
drug stocks,
drug company stocks,
pharma stock,
education stocks,
college stock,
electric utility stocks,
electric company stocks,
electric utilities stocks,
utility stocks,
utilities stocks,
power equipment companies,
electrical supply companies,
electronic stocks,
entertainment stock,
movie stocks,
movies companies,
movie company,
cefs,
open ended and closed ended mutual funds,
closed ended investment,
closed ended fund,
bonds fund,
closed end,
food stock,
game stock,
gambling stocks,
casino stocks,
gaming stocks list,
gaming stocks,
gas utility companies,
gas company stocks,
construction industries,
builders contractors,
construction services,
construction industry,
grocery store stocks,
supermarket stock,
drug store stocks,
home stocks,
furniture stock,
home improvement stocks,
medical company stocks,
top medical stocks,
medical stock,
hospital stock,
medical supply stocks,
medical technology stocks,
medical device stocks,
medical equipment stocks,
copper mining,
palladium mining stocks,
mining metals,
mining,
mining news,
gold exploration,
mining share price,
lithium mines,
mining industries,
international mining companies,
mining information,
molybdenum mining companies,
nickel mining companies,
metals and mining stocks,
gold and silver mining stocks,
copper mining companies,
rare earth mining companies,
rare metals stocks,
rare earth stocks,
metals stocks,
welding stock,
nonprecious metals,
non metallic mining,
office supplies companies,
office supply companies,
oil services stocks,
oil pipeline stocks,
gas pipeline stocks,
gas pipeline companies,
pipeline companies,
natural gas pipeline companies,
oil services companies,
oil field services,
oil service stocks,
natural gas pipelines,
oilfield service companies,
oil and gas pipeline companies,
oil gas pipeline,
oil exploration stocks,
oil exploration sector,
oil exploration companies,
oil drilling stocks,
oil drilling companies,
oil production companies,
china oil companies,
brazil oil companies,
china oil stocks,
brazil oil stocks,
oil companies,
oil stocks,
oil drilling,
oil exploration,
offshore oil drilling companies,
list of oil drilling companies,
oil and gas exploration,
oil and gas drilling,
oil and gas stocks,
oil and gas drilling companies,
oil refining companies,
oil marketing companies,
oil refining stocks,
oil refining sector,
oil refinery companies,
oil refinery stocks,
major oil companies,
oil sector,
oil refinery,
oil refinery company,
oil company,
oil marketing company,
oil refining company,
oil refining industry,
major oil companies list,
oil and gas companies,
crude oil stocks,
packaging companies,
container companies,
packaging stocks,
packaging sector,
container sector,
pulp stocks,
paper stocks,
timber stocks,
pulp companies,
paper companies,
timber companies,
timber trusts,
cardboard companies,
paper sector,
timber sector,
paper companies list,
silver mining companies,
gold mining companies,
gold mining sector,
precious metal stocks,
mining companies,
exploration sector,
mining sector,
exploration stocks,
mining stocks,
silver stocks,
gold stocks,
gold mining stocks,
silver mining stocks,
silver mining company,
canadian mining companies,
gold mining,
gold mining company,
mining company,
list of mining companies,
gold stocks list,
largest gold mining companies,
silver mining,
printing companies,
printing stocks,
printing sector,
newspaper stocks,
newspaper sector,
newspaper companies,
publishing stocks,
publishing sector,
publishing companies,
digital media companies,
digital media stocks,
digital media sector,
book publishing companies,
digital media company,
publishing company,
railroad stocks,
railroad sector,
railroad companies,
railroad company,
railroad investment,
major railroad companies,
real estate companies,
real estate stock,
real estate public companies,
real estate investing,
real estate investments,
real estate sector,
commercial real estate investing,
real estate investment firms,
real estate investing guide,
REITs,
real estate investment trust,
REIT sector,
REIT stocks,
REITs sector,
REITs stock,
public REITs,
real estate investment trusts,
real estate investment trust companies,
real estate investment trusts REITs,
real estate investment companies,
real estate investment company,
real estate investment trust REIT,
rubber stocks,
plastic stocks,
rubber companies,
plastic companies,
rubber sector,
plastic sector,
plastic manufacturing companies,
rubber company,
plastic company,
semiconductor stocks,
semiconductor investments,
semi stocks,
semiconductor companies,
semiconductor sector,
shipping stocks,
dry bulk stocks,
container stocks,
dry bulk shipping,
dry bulk shipping companies,
tanker stocks,
shipping companies,
shipping sector,
specialty retail,
retail stocks,
retail investing,
retail store stocks,
consumer stocks,
consumer investment,
retail companies,
retail sector,
sports stocks,
sports investing,
sporting goods stocks,
sports investments,
sporting goods companies,
sporting goods sector,
stock message boards,
television stocks,
television investment,
radio stocks,
radio invest,
media stocks,
media invest,
media investment,
media investing,
television companies,
television sector,
radio sector,
radio companies,
media companies,
media sector,
textile stocks,
apparel stocks,
textile investment,
textile companies,
textile sector,
apparel sector,
freight investment,
transportation investment,
truck investment ,
freight stocks,
transportation stocks,
trucking stocks,
trucking companies,
trucking sector,
waste management stocks,
waste stocks,
recycling stocks,
waste investment,
waste companies,
waste sector,
water stocks,
water utilities,
water investing,
water investment,
water companies,
water sector

Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story
 Related Quotes
 Atlas Lithium Corporation  14.86   0.19  1.29%
 Enter Symbols: 

Atlas Lithium Progresses with DMS Plant Construction; Remains on Schedule for Q4 2024 Production

HIGHLIGHTS

  • Construction of Atlas Lithium's modular dense media separation ("DMS") lithium processing plant remains on schedule for delivery to Brazil in Q2 2024 with first commissioning and production of lithium concentrate expected in Q4 2024.
  • Atlas Lithium's team of DMS experts is utilizing a compact, modular design of the plant to expedite construction and reduce its footprint and weight compared to less optimal designs.
  • Atlas Lithium's plant progress bodes well for its goal to generate revenues by Q4 2024. As previously announced, Atlas Lithium has secured binding offtake agreements with key partners Chengxin and Yahua, who have committed US $50 million for the right to purchase 80% of Phase 1 production capacity.

Boca Raton, Florida--(Newsfile Corp. - February 26, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that the construction of its modular DMS lithium processing plant remains on track for completion in Q2 2024. The plant is being built at a facility with expertise in DMS processing technology. Atlas Lithium is on schedule for commissioning and first production of high-quality, environmentally sustainable lithium concentrate in Q4 2024. Such an accelerated timeline is enabled by the Company's experienced technical team including engineers with operational DMS expertise from prior lithium projects in Australia, South Africa, and Brazil.

To expedite construction and time to production, and to establish itself as an agile new supplier to meet rising global lithium demand, the Company will be deploying compact modular DMS technology, an approach not previously utilized for lithium processing in Brazil. By condensing components into modules with significantly reduced footprint and weight versus recent DMS plants, Atlas Lithium plans to streamline installation and commissioning. For example, whereas fully assembled traditional DMS facilities commonly weigh 250-300 tonnes, the Company's modular plant is predicted to weigh only 41 tonnes. Modular DMS construction and preassembly are well advanced on the primary 100tph module and the secondary 50tph module. Atlas Lithium plans to carry out a full pre-assembly and testing of these two modules before they are shipped to Brazil. Concurrently, the Company's teams continue to advance the detailed engineering for the initial open pit mine as well as the non-processing infrastructure. These, in turn, will allow expeditious installation and commissioning. Figures 1-5 showcase Atlas Lithium's plant construction progress, and figures 6-8 present the 3-D model of the final plant.

Several batches of metallurgical test work performed by SGS Canada, a leading analytical laboratory, on representative ore samples from the Company's Neves Project confirmed final product grades exceeding 6% Li2O using standard DMS, a gravity-based approach which does not use any harmful chemicals or flotation. Coarse spodumene recovery averaged 74% with only 0.53% Fe2O3, which is a very low level of impurity, and to date, all quantitative metallurgical targets for the Atlas Lithium's processed ore have been met or exceeded. The Company believes that the perceived high quality of its plant and designed production process and of its ore material have been decisive factors in the interest from Chengxin and Yahua as offtake buyers of Atlas Lithium's lithium concentrate.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_003.jpg

Figure 1 - Atlas Lithium's Modular DMS Lithium Processing Plant Under Construction.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_004.jpg

Figure 2 - Atlas Lithium's Modular DMS Lithium Processing Plant Under Construction.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_004full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_005.jpg

Figure 3 - Atlas Lithium's Modular DMS Lithium Processing Plant Under Construction.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_006.jpg

Figure 4 - Atlas Lithium's Modular DMS Lithium Processing Plant Under Construction.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_006full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_007.jpg
Figure 5 - Atlas Lithium's Modular DMS Lithium Processing Plant Under Construction.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_007full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_008.jpg

Figure 6 - 3-D Model of the Atlas Lithium's Modular DMS Lithium Processing Plant.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_008full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_009.jpg

Figure 7 - 3-D Model of the Atlas Lithium's Modular DMS Lithium Processing Plant.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_009full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_010.jpg

Figure 8 - 3-D Model of the Atlas Lithium's Modular DMS Lithium Processing Plant.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/199182_93d2a54a843edaa8_010full.jpg

As previously announced, Atlas Lithium has secured binding offtake agreements with key partners Chengxin Lithium Group ("Chengxin") and Yahua Industrial Group ("Yahua"), suppliers of lithium products to Tesla, BYD, and LG, among others. Through an accelerated early-revenue strategy guided by the Company's expert technical team, Atlas Lithium aims to have Phase I production of battery-grade lithium concentrate of 150,000 tonnes per annum (tpa). Chengxin and Yahua have committed an aggregate of US$50 million for the right to purchase 80% (120,000 tpa) of Phase I output thereby giving Atlas Lithium a visible revenue stream.

Marc Fogassa, CEO and Chairman of Atlas Lithium, remarked: "We are delighted to have aligned with two respected lithium industry leaders in Chengxin and Yahua as our first offtake partners. Their confidence in the Atlas Lithium product affirms our business model, which focuses equally on rapid project development and sustainable production of high-quality lithium concentrate supported by an experienced technical and operational team. With modular technology enabling streamlined plant construction followed by rapid deployment and commissioning, and Phase I offtake committed, we remain on track on our goal of achieving initial production in Q4 2024."

About Atlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil's Lithium Valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The Company also owns equity stakes in Apollo Resources Corp. (private company; iron) and Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-Looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Annual Report and in Form 10-Q filed with the SEC on October 20, 2023. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations:

Brian Bernier
Vice President, Investor Relations
+1 (833) 661-7900
bwb@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199182

<  back


TickerTech.com Private-label branded pages powered by TickerTech.com. Copyright © 2024 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX/COMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
"There's no such thing as business ethics; there's just ethics. And ethics makes no concessions for the real or imagined necessities of making a profit." - Michael Josephson
Google
 

© Ticker Technologies, all rights reserved. Profitquotes.com is wholly owned by Ticker Technologies and serves to demonstrate the company's products to prospective clients. All quotes are in US Eastern Time (EST) and delayed at least 15 minutes. NYMEX/COMEX data delayed at least 30 minutes. Data is presented for informational purposes only and not intended for investment purposes. Nothing on this site should be considered advice, opinions, recommendations, or endorsements from ProfitQuotes.com or TTI Group. Full Disclaimer.