Getting out ahead of its own projectâs development, back in January Atlas Lithium Corporation (NASDAQ: ATLX) announced it had signed a Memorandum of Understanding with multi-billion-dollar Japanese asset manager Mitsui & Co. to potentially acquire Atlasâ future lithium concentrate production.
The ore processed from Atlas Lithium's project demonstrated easy separation, high recovery rates, and no significant contaminants. These results indicate the potential for efficient and cost-effective processing using well-established DMS methods.
Atlas Lithium Corp. is a U.S.-based exploration company searching for lithium to feed the world's growing need for the minerals that will be essential to meet swelling demand for electric vehicles and other battery-dependent technologies. The company is focusing its search on Brazil, where it owns 52 mineral rights spread over 56,078 acres in Minas Gerais.
Newly uplisted Atlas Lithium (NASDAQ:ATLX) shares jumped as much as 53% Wednesday after the battery metals miner announced that Japanese conglomerate Mitsui has shown interest in acquiring the right to purchase up to 100% of the lithium concentrate generated by Atlas's planned facility in Brazil.
Atlas Lithium Corporation, a mineral exploration company focused on lithium and other battery metals critical to powering the green energy revolution, has brought a third diamond core drilling rig at the Abelhas Target in the Neves Area, part of its flagship 100% owned Minas Gerais Lithium Project (MGLP).