Atlas Lithium Corp
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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FY2023 · Filed Mar 27, 2024
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Item 2. Properties
Lithium Projects
Our lithium projects are listed in the following table.
| Mineral | Name | Location in Brazil | Aggregate Mineral Rights Area |
|---|---|---|---|
| Lithium | Minas Gerais Lithium Project | State of Minas Gerais | 468 km2 |
| Lithium | Other Brazil Lithium Project | States of Paraíba, Rio Grande do Norte, and Tocantins | 71 km2 |
With respect to the Minas Gerais Lithium Project, our current exploration plan is:
| ● | to continue both our exploratory and resource-delineating drilling campaigns to assess identified targets and to continue to estimate the size of our lithium-bearing mineral deposits; |
| ● | to present a maiden resource report in accordance with the standards set forth in Regulation S-K 1300, and to update such report as more drilling and data become available; |
| ● | to continue exploratory drilling on new and existing target areas with pegmatites which our field geologists have identified; |
| ● | to continue careful geological map on foot of the mineral rights landbank that we have for presence of additional pegmatites; and |
| ● | to continue implementing the early-revenue strategy outlined in our MD&A with the intention of progressing to production of the lithium concentrate, our designated commercial product, for sale. |
With respect to the Other Brazil Lithium Project, our exploration plan is currently being designed by our Chief Geology Officer.
Other Critical Minerals
Our other critical minerals properties are listed in the following table.
| Mineral(s) | Name | Location in Brazil | Aggregate Mineral Rights Area |
|---|---|---|---|
| Nickel | Nickel Properties | States of Goiás and Piauí | 449 km2 |
| Copper | Copper Properties | States of Bahia and Piauí | 251 km2 |
| Rare Earths | Rare Earths Properties | States of Bahia, Goiás, and Tocantins | 121 km2 |
| Titanium | Titanium Properties | State of Minas Gerais | 69 km2 |
| Graphite | Graphite Properties | State of Minas Gerais | 39 km2 |
With respect to the critical mineral properties listed in the table above, we do not have detailed exploration plans or budgets, as we have focused our attention and limited resources to date primarily toward our lithium exploration program.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.