Posted in | News | Lithium

New Source for Lithium - Atlas Lithium is Fully Funded to First Production in 2024

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.

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.

Lithium is geopolitical – The world needs more lithium and other battery metals and needs them fast. Is lithium the new oil? 

Marc Fogassa, Chairman & Chief Executive Officer is available for interviews. 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.

Source: http://www.atlas-lithium.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Atlas Lithium Corporation. (2024, January 08). New Source for Lithium - Atlas Lithium is Fully Funded to First Production in 2024. AZoMining. Retrieved on February 28, 2024 from https://www.azomining.com/News.aspx?newsID=17761.

  • MLA

    Atlas Lithium Corporation. "New Source for Lithium - Atlas Lithium is Fully Funded to First Production in 2024". AZoMining. 28 February 2024. <https://www.azomining.com/News.aspx?newsID=17761>.

  • Chicago

    Atlas Lithium Corporation. "New Source for Lithium - Atlas Lithium is Fully Funded to First Production in 2024". AZoMining. https://www.azomining.com/News.aspx?newsID=17761. (accessed February 28, 2024).

  • Harvard

    Atlas Lithium Corporation. 2024. New Source for Lithium - Atlas Lithium is Fully Funded to First Production in 2024. AZoMining, viewed 28 February 2024, https://www.azomining.com/News.aspx?newsID=17761.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.