Atlas Lithium more than doubled its lithium exploration portfolio in Brazil

Drill core at Atlas Lithium Minas Gerais project in Brazil. Credit: Atlas Lithium

Atlas Lithium has more than doubled its lithium exploration portfolio in Brazil to approximately 539 km². Most of the new claims are in the promising Doce River and Mucuri Valleys, an exciting new lithium jurisdiction in Brazil that has been relatively underexplored for lithium.

The company also announces significant progress towards production of lithium concentrate in Q4 2024 as well as a substantial expansion of its lithium mineral rights footprint in Brazil. The Company is moving rapidly towards commencing production at its flagship Neves project in Q4, 2024.

With these additions, Atlas Lithium believes that it has the largest lithium exploration footprint in Brazil now totaling 53,942 hectares. To put it into perspective, such an area is greater than 9 times that of Manhattan Island in New York.

"Our new mineral rights near Governador Valadares provide access to an exciting new lithium frontier in Brazil that has been relatively untapped beyond gemstone mining," commented James Abson, Chief Geology Officer at the Company. "This region of Minas Gerais state hosts dozens of documented lithium-rich pegmatites, presenting an opportunity for us."

Nick Rowley, Vice President of Business Development at Atlas Lithium, added, "Pushing towards becoming a producer of lithium concentrate is our top focus in the short term. We have been also working on significantly increasing our overall mineral rights holdings to solidify our leading position in Brazil, which is attracting increasing interest globally as a hub for hard-rock lithium production."