Atlas Lithium Reports Excellent Exploration Progress at 100%-Owned Salinas Project
Atlas Lithium (NASDAQ: ATLX) has reported significant exploration progress at its 100%-owned Salinas Project in Brazil's Lithium Valley. Initial drill holes have confirmed high-quality spodumene-rich lithium mineralization at just 23 meters depth, with Li鈧侽 grades exceeding 2.0%. The 388-hectare project is strategically located 5 miles east of Pilbara Minerals' Colina Project and 100km north of Atlas's flagship Neves Project.
The company's Neves Project remains the primary focus, with a recent Definitive Feasibility Study showing exceptional economics: 145% IRR, 11-month payback period, $539 million NPV, and industry-leading low capital expenditure of $57.6 million. A DMS processing facility capable of producing 150,000 tpa of lithium concentrate has been acquired and transported to Brazil.
Atlas Lithium (NASDAQ: ATLX) ha comunicato notevoli avanzamenti esplorativi nel suo progetto Salinas, 100% di propriet脿, situato nel Lithium Valley brasiliano. I primi fori hanno confermato mineralizzazione litio ricca di spodumene ad appena 23 metri di profondit脿, con tenori di Li鈧侽 superiori al 2,0%. L'area di 388 ettari si trova strategicamente a 8 km a est del progetto Colina di Pilbara Minerals e a 100 km a nord del progetto principale Neves di Atlas.
Il progetto Neves resta la priorit脿 principale: lo studio di fattibilit脿 definitiva recente evidenzia indicatori economici eccellenti: un IRR del 145%, un periodo di payback di 11 mesi, un NPV di 539 milioni di dollari e spese in conto capitale tra le pi霉 basse del settore, pari a 57,6 milioni di dollari. 脠 stato inoltre acquisito e trasportato in Brasile un impianto di trattamento DMS in grado di produrre 150.000 tpa di concentrato di litio.
Atlas Lithium (NASDAQ: ATLX) ha informado avances significativos en la exploraci贸n de su proyecto Salinas, 100% propiedad, en el Lithium Valley de Brasil. Los primeros sondeos confirmaron mineralizaci贸n de litio rica en espodumena a apenas 23 metros de profundidad, con leyes de Li鈧侽 superiores al 2,0%. El proyecto de 388 hect谩reas est谩 ubicado estrat茅gicamente a 8 km al este del proyecto Colina de Pilbara Minerals y a 100 km al norte del proyecto principal Neves de Atlas.
El proyecto Neves sigue siendo el foco principal: un Estudio de Factibilidad Definitivo reciente muestra una econom铆a excepcional: 145% TIR, periodo de recuperaci贸n de 11 meses, VAN de 539 millones de d贸lares y un CAPEX l铆der en la industria de solo 57,6 millones de d贸lares. Se ha adquirido y trasladado a Brasil una planta de procesamiento DMS con capacidad para producir 150.000 tpa de concentrado de litio.
Atlas Lithium (NASDAQ: ATLX)電� 敫岆澕歆� 毽姮 氚鸽Μ鞐� 鞙勳箻頃� 100% 靻岇湢 Salinas 頂勲鞝濏姼鞐愳劀 鞙犾潣氙疙暅 韮愳偓 歆勳爠鞚� 氤搓碃頄堨姷雼堧嫟. 齑堦赴 鞁滌稊瓿奠棎靹� 旯婌澊 23氙疙劙 歆�鞝愳棎 鞀ろ彫霌�氅�(spodumene) 頀嶋秬頃� 瓿犿拡歆� 毽姮 甏戫檾臧� 頇曥澑霅橃棃鞙茧┌ Li鈧侽 頃焿鞚� 2.0% 鞚挫儊鞙茧 雮橅儉雮姷雼堧嫟. 388項ロ儉毳� 攴滊鞚� 鞚� 頂勲鞝濏姼電� Pilbara Minerals鞚� Colina 頂勲鞝濏姼鞐愳劀 霃欖鞙茧 8km, Atlas鞚� 頃奠嫭 Neves 頂勲鞝濏姼鞐愳劀 攵侅鞙茧 100km鞐� 鞝勲灥鞝侅溂搿� 鞙勳箻頃╇媹雼�.
须岇偓鞚� Neves 頂勲鞝濏姼電� 鞐爠頌� 欤检殧 齑堨爯鞙茧, 斓滉芳 頇曥爼 韮�雼轨劚 臁办偓鞐愳劀電� 鞖办垬頃� 瓴届牅靹膘澊 雮橅儉雮姷雼堧嫟: 雮措秬靾橃澋毳�(IRR) 145%, 韴瀽 須岇垬旮瓣皠 11臧滌洈, 靾滍槃鞛皜旃�(NPV) 5鞏�3,900毵� 雼煬, 攴鸽Μ瓿� 鞐呹硠 靹犽弰鞝侅澑 鞝� CAPEX鞚� 5,760毵� 雼煬. 鞐瓣皠 150,000韱�鞚� 毽姮 雴嶌稌氍检潉 靸濎偘頃� 靾� 鞛堧姅 DMS 觳橂Μ 靹る箘霃� 鞚胳垬霅橃柎 敫岆澕歆堧 鞖挫啞霅橃棃鞀惦媹雼�.
Atlas Lithium (NASDAQ: ATLX) a annonc茅 des progr猫s significatifs dans l'exploration de son projet Salinas, d茅tenu 脿 100%, dans le Lithium Valley au Br茅sil. Les premiers trous de forage ont confirm茅 une min茅ralisation en lithium riche en spodum猫ne 脿 seulement 23 m猫tres de profondeur, avec des teneurs en Li鈧侽 sup茅rieures 脿 2,0%. Le projet de 388 hectares est situ茅 strat茅giquement 脿 8 km 脿 l'est du projet Colina de Pilbara Minerals et 脿 100 km au nord du projet phare Neves d'Atlas.
Le projet Neves reste la priorit茅 principale : une 茅tude de faisabilit茅 d茅finitive r茅cente montre des r茅sultats 茅conomiques exceptionnels : 145% de TRI, un d茅lai de remboursement de 11 mois, un VAN de 539 millions de dollars et un CAPEX parmi les plus bas du secteur, soit 57,6 millions de dollars. Une installation de traitement DMS capable de produire 150 000 tpa de concentr茅 de lithium a 茅t茅 acquise et transport茅e au Br茅sil.
Atlas Lithium (NASDAQ: ATLX) meldet bedeutende Explorationsfortschritte bei seinem 100%igen Salinas-Projekt im Lithium Valley Brasiliens. Erste Bohrl枚cher best盲tigten spodumenreiche Lithiummineralisierung bereits in nur 23 Metern Tiefe, mit Li鈧侽-Gehalten 眉ber 2,0%. Das 388 Hektar gro脽e Projekt liegt strategisch 8 km 枚stlich des Colina-Projekts von Pilbara Minerals und 100 km n枚rdlich des Atlas-Flaggschiffs Neves-Projekts.
Das Neves-Projekt bleibt der Hauptfokus: eine k眉rzlich vorgelegte Definitive Feasibility Study zeigt herausragende Wirtschaftlichkeitskennzahlen: 145% IRR, eine Amortisationszeit von 11 Monaten, einen NPV von 539 Mio. USD sowie eine branchenf眉hrend niedrige Investitionssumme von nur 57,6 Mio. USD. Eine DMS-Aufbereitungsanlage mit einer Kapazit盲t von 150.000 tpa Lithiumkonzentrat wurde erworben und nach Brasilien transportiert.
- Li鈧侽 grades exceeding 2.0% at Salinas Project indicate strong geological potential
- Shallow mineralization depth of 23 meters suggests favorable conditions for cost-effective open-pit mining
- Neves Project shows exceptional 145% IRR with quick 11-month payback period
- Industry-leading low capital expenditure of $57.6 million for Neves Project
- Strategic location near Pilbara's $370M Colina Project acquisition enhances value proposition
- Company owns largest lithium exploration footprint (797 km虏) among public companies in region
- Significant capital investment of $30 million already made in DMS plant before production
- Early-stage exploration status at Salinas Project indicates long path to production
- Operating costs of $489 per tonne at Neves Project could impact margins in varying market conditions
Insights
Atlas Lithium's initial drilling at Salinas reveals high-grade lithium near surface, indicating strong potential for cost-effective future mining.
The initial drilling results from Atlas Lithium's Salinas Project represent a significant technical development. The discovery of spodumene-rich pegmatites at just 23 meters depth is particularly noteworthy, as shallow mineralization dramatically improves potential economics for any future mining operation. The reported Li
The strategic location of the Salinas Project bears highlighting. Its proximity to Pilbara Minerals' Colina Project (which justified a
From a technical perspective, the comprehensive exploration approach鈥攃ombining soil sampling, geological mapping, LIDAR surveys, and photogrammetry before drilling鈥攔epresents methodical best practice. The confirmation of spodumene mineralization through both visual identification and laboratory analysis at SGS-Geosol adds credibility to these early-stage results.
While 501 meters of drilling is relatively modest for resource definition, it's sufficient for this initial exploratory phase to confirm mineralization potential. The samples shown under ultraviolet light exhibit classic pink/red fluorescence characteristic of high-quality spodumene. The indicated potential for open-pit extraction at both Salinas and the flagship Neves Project could create operational synergies and significantly lower capital intensity compared to underground operations.
Atlas Lithium's exploration success at Salinas establishes a compelling dual-asset growth story. The company is executing a balanced strategy: advancing its shovel-ready flagship Neves Project with outstanding economics (145% IRR, 11-month payback) while simultaneously developing a pipeline asset in Salinas to drive long-term growth.
The capital efficiency metrics for Neves are exceptional鈥�
Securing the "Portaria de Lavra" mining concession in May 2025 substantially de-risks the regulatory pathway, addressing a significant concern for mining operations in Brazil. This permanent mining license removes a major execution uncertainty.
The Salinas Project's strategic value is amplified by its proximity to Pilbara Minerals' Colina Project. The
With 797 km虏 of lithium exploration rights鈥攔eportedly the largest among public companies鈥擜tlas has considerable optionality beyond just Neves and Salinas. This extensive land package in proven lithium territory provides multiple pathways for organic growth and potential strategic partnerships, creating a valuable pipeline of development opportunities that extends well beyond current projects.
Initial Drill Holes Confirm High-Quality Lithium Mineralization Near Surface, Positioning Salinas as Company's Next Growth Frontier
Boca Raton, Florida--(Newsfile Corp. - August 18, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium development company, is pleased to announce exceptional exploration results from its
Salinas Project Overview
Atlas Lithium's Salinas Project encompasses 388 hectares (959 acres) in northern Minas Gerais, strategically positioned just 5 miles east of the Colina Project – the primary reason Pilbara Minerals acquired Latin Resources for approximately
The Company has completed comprehensive exploration activities at Salinas, including systematic soil sampling, detailed geological mapping, LIDAR surveys, and high-resolution aerial photogrammetry. These efforts have successfully identified and mapped multiple spodumene-rich pegmatite bodies.
Excellent Initial Drilling Results Confirm Mineralization
Atlas Lithium is pleased to report that exploratory drill holes at the Salinas Project have intersected lithium mineralization indicating significant spodumene mineralization at only 23 meters depth.
"The initial drilling results at Salinas have exceeded our expectations," said Marc Fogassa, Chairman and CEO of Atlas Lithium. "It appears that our Salinas Project will be another example of a favorable location for future open pit mining and production. It is rewarding to see opportunity for organic growth within the large portfolio of mineral rights that we own. "
The 501 meters of diamond drilling completed to date have confirmed the continuity of pegmatite bodies, with analytical results from SGS-Geosol, a premier analytical laboratory, indicating Li₂O grades exceeding
Figure 1: Core sample from Atlas Lithium's Salinas Project showing spodumene mineralization (in pink and red) under ultraviolet light.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/262817_5a713302b4753aaa_002full.jpg
Figure 2: Another core sample from Atlas Lithium's Salinas Project showing spodumene mineralization under ultraviolet light.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6706/262817_5a713302b4753aaa_003full.jpg
Salinas: The Next Expansion Frontier
Atlas Lithium is strategically positioned to capitalize on its extensive regional lithium exploration portfolio in Brazil, with the Salinas Project emerging as a prime candidate for the Company's future growth plans. The project's location in the heart of the northern lithium district, combined with the exceptional initial drilling results, positions Salinas as a natural extension of Atlas Lithium's production strategy.
"The Salinas Project represents a compelling growth opportunity that could significantly expand our future production capacity," noted Eduardo Queiroz, Atlas Lithium's Project Management Officer and Vice President of Engineering. "The combination of proven mineralization and proximity to Pilbara's Colina Project validates our strategic vision for regional growth."
The Company's extensive 797 km2 lithium exploration footprint – the largest among publicly listed companies – provides multiple avenues for organic growth beyond Salinas. The Company's exploration program, including the work at the Salinas Project, are performed under the supervision of a Qualified Person for Lithium in accordance with item 1300 of Regulation S-K.
Neves Project Remains Primary Focus with Outstanding Economics
While advancing the Salinas Project, Atlas Lithium remains firmly committed to bringing its flagship Neves Project into production as its highest priority. The recently completed Definitive Feasibility Study (DFS) for the Neves Project, prepared by SGS Canada Inc. ("SGS"), demonstrates exceptional project economics that position Atlas Lithium among the world's most capital-efficient lithium developers.
The Neves Project DFS highlights include:
Internal Rate of Return (IRR):
145% Payback Period: 11 months from start of operations
After-tax Net Present Value (NPV):
$539 million Operating Costs:
$489 per tonne of lithium concentrateDirect Capital Expenditure:
$57.6 million (lowest among announced projects in Brazil)
The Company has already invested approximately
"Our dual-track strategy of advancing Neves to production while systematically expanding our potential for growth through exploration in Salinas and other sites creates compelling value," added Mr. Fogassa.
About Atlas Lithium Corporation
(NASDAQ: ATLX) is a lithium development company focused on advancing its Neves Project to production. The Neves Project's Definitive Feasibility Study demonstrates excellent economics with a
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Atlas Lithium's ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the "DFS"); discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.
Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 28, 2025, and in the Company's Form 10-Q filed with the SEC on August 4, 2025. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.
Investor Relations
Gary Guyton
Vice President, Investor Relations
+1 (833) 661-7900
[email protected]
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FAQ
What are the key findings from Atlas Lithium's (ATLX) Salinas Project exploration?
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