Atlas Lithium (NASDAQ: ATLX) reported that its 100%-owned and fully permitted Neves Project in Minas Gerais, Brazil, remained on track for first commercial production of lithium oxide concentrate in the fourth quarter of 2027. The vertically integrated mining and processing complex is designed to produce approximately 150,000 tonnes annually, while written product interest from multiple companies totals more than three times planned production capacity. The project Definitive Feasibility Study projected a 145% after-tax internal rate of return, an 11-month payback period and operating costs of $489 per tonne.

Atlas Lithium also reported progress on detailed engineering, project management, construction, earthworks and electromechanical work, with partner contracts finalized at or below Definitive Feasibility Study budget levels. The company expects the Neves operation to generate more than 5,000 direct and indirect jobs in Brazil Jequitinhonha Valley. Atlas Lithium holds approximately 557 square kilometers of mineral rights across Brazilian lithium districts and intends to expand Neves industrial capacity and develop additional processing facilities across its broader project portfolio.

To view the full press release, visit https://ibn.fm/Rjwil

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is a lithium development company focused on advancing its Neves Project to production. The Neves Project is fully permitted, and its Definitive Feasibility Study demonstrates robust economics with a 145% IRR and an 11-month payback. With approximately 557 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies. Additionally, Atlas Lithium currently holds an approximate 20% ownership stake in Atlas Critical Minerals Corporation (NASDAQ: ATCX).

For more information, please visit: https://www.atlas-lithium.com/

About InvestorWire

InvestorWire ("IW") is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

COMTEX_490878761/2557/2026-08-17T13:39:19