Atlas Lithium targets Brazil low-cost output, flags Neves lithium concentrate cost at USD 489/tonne

Reuters2026/09/10 18:55

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Atlas Lithium released a corporate presentation outlining plans to develop the 100%-owned Neves lithium project in Minas Gerais, Brazil.
Definitive feasibility study metrics: after-tax NPV USD 539 million; after-tax IRR 145%; payback 11 months; product cost USD 489/ton.
Phase 1 design targets about 150,000 tonnes per year of 5.5% Li₂O spodumene concentrate; Phase 2 expected to double capacity.
Mitsui investment includes USD 30 million in common shares; offtake covers 15,000 tons for Phase 1, 60,000 tons annually for five years.
Corporate snapshot: share price USD 3.32; outstanding shares 30,099,805; market cap USD 100 million; management ownership about 23%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atlas Lithium Corporation published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Atlas Lithium targets Brazil low-cost output, flags Neves lithium concentrate cost at USD 489/tonne

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