Atlas Lithium Corp

Current report

We are required to obtain governmental permits in order to conduct development and mining operations, a process which is often costly and time-consuming, and subject to interference by third parties

Current report

We are required to obtain and renew governmental permits for our exploration activities and, prior to developing or mining any mineralization that we discover, we will be required to obtain new governmental permits. Obtaining and renewing governmental permits is a complex, costly and time-consuming process. The timeliness and success of permitting efforts are contingent upon many variables not within our control, including the interpretation of permit approval requirements administered by the applicable permitting authority. We may not be able to obtain or renew permits that are necessary for our planned operations or the cost and time required to obtain or renew such permits may exceed our expectations. Any unexpected delays or costs associated with the permitting process could delay the exploration, development or operation of our properties, which in turn could materially adversely affect our future revenues and profitability. In addition, key permits and approvals may be revoked or suspended or may be changed in a manner that adversely affects our activities.

Current report

Private parties, such as social or environmental activists, frequently attempt to intervene in the permitting process and to persuade regulators to deny necessary permits or seek to overturn permits that have been issued. For example, on August 28, 2025, N’Golo (“NGO”), a non-governmental organization known for numerous claims against mining projects, having filed 29 such claims in the last six years, filed a civil action in the federal court located in Teofilo Otoni, Brazil, claiming that the Company did not sufficiently consult with Girau, a traditional community, in connection with our Neves Project. While the leadership of the Girau community has repudiated the claims of NGO and we do not expect this action to materially delay our development of the Neves Project, there can be no assurance that we will be able to successful defend against and overcome all third-party objections to the permitting of our business activities.

Current report

Obtaining the necessary governmental permits involves numerous jurisdictions, public hearings and possibly costly undertakings. These third-party actions can materially increase the costs and cause delays in the permitting process and could cause us to not proceed with the development or operation of a property. In addition, our ability to successfully obtain key permits and approvals to explore for, develop, operate and expand operations will likely depend on our ability to undertake such activities in a manner consistent with the creation of social and economic benefits in the surrounding communities, which may or may not be required by law. Our ability to obtain permits and approvals and to successfully operate in particular communities may be adversely affected by real or perceived detrimental events associated with our activities.

Previous report

Tariffs, trade restrictions and other changes in international trade policy could adversely affect our business, financial condition and results of operations.

Previous report

Beginning in the second quarter of 2025, sweeping new U.S. tariffs were announced, and in response, several countries have imposed, or threatened to impose, reciprocal tariffs on imports from the U.S. and other retaliatory measures. Various modifications and delays to the U.S. tariffs have been announced, further changes are expected to be made in the future, and the details and effects remain uncertain.

Previous report

In early July 2025, President Trump threatened to impose a 50% tariff on any and all Brazilian products imported to the U.S., separate from any sectoral tariffs, effective August 1, and ordered the Office of the U.S. Trade Representative to initiate an analysis into Brazil’s trade practices under Section 301 of the Trade Act of 1974. In response, Brazilian President Lula issued a presidential decree implementing the Economic Reciprocity Act, which would allow Brazil to take countermeasures against the U.S. On July 30, 2025, President Trump signed an Executive Order increasing the existing 10% tariff on U.S. imports from Brazil to 50%, effective August 6, 2025, although several categories of products were excluded. It is uncertain at this time what retaliatory measures may be taken by Brazil or how an escalating trade war between the U.S. and Brazil may affect the Company’s business and growth prospects.

Previous report

Additionally, in April 2025, President Trump issued an executive order instructing the U.S. Department of Commerce to initiate an analysis under Section 232 of the Trade Expansion Act of 1962 to evaluate the national security risks from imports of processed critical minerals and their derivative products, which was initiated later that month. Following the Section 232 analysis, it is possible that sectoral tariffs on certain critical mineral imports to the U.S., including lithium, other import restrictions or other non-trade actions may be implemented by the Trump Administration.

Previous report

The current trade environment continues to be dynamic, and the ultimate impact remains uncertain and will depend on several factors, including whether additional or incremental U.S. tariffs or other measures are announced, ultimately imposed or changed, to what extent other countries implement tariffs or other retaliatory measures in response, and the overall magnitude and duration of these measures. If disputes and conflicts further escalate, actions by governments in response could be significantly more severe and restrictive. Any of the foregoing could materially adversely harm our business and growth prospects. Trade barriers and other governmental action related to tariffs or international trade agreements around the world have the potential to decrease demand for our minerals and adversely impact the markets in which we are contractually obligated to sell our products and plan to operate. In addition, uncertainty and rapid changes in global trade policy may continue to result in general macroeconomic volatility. Our ability to mitigate the impacts of such trade policies on our business will be limited, and there can be no assurances that such mitigation efforts would be successful. As such, any changes in legislation and government policy by the U.S., China or other critical producers or consumers of critical minerals may have a material a direct or indirect adverse effect on our business.

Previous report

The economic viability of our Neves Project has several risks and uncertainties, notwithstanding the Definitive Feasibility Study supports a commercially viable project.

Previous report

Feasibility studies, including the Definitive Feasibility Study related to the Neves Project, are used to determine the economic viability of a mineral deposit, including estimated capital and operating costs. While these studies are based on the best information available to us for the level of study, we cannot be certain that actual costs will not significantly exceed the estimated cost. It is not uncommon for commercial mining operations to experience unexpected costs, problems, and delays during construction, commissioning and start-up. Any of these factors or those listed below could result in changes to our estimated capital and operating expenditures, and the expected economic returns of the Neves Project.

Previous report

-a significant, prolonged decrease in the market price of lithium;

Previous report

-significant delays, reductions, or stoppages in operating activities;

Previous report

-construction delays, procurement issues and workforce sourcing;

Previous report

-significant shortages of adequate and skilled labor or a significant increase in labor costs;

Previous report

-more stringent regulatory or environmental, health or safety laws and more stringent regulatory or environmental, health or safety laws and regulations; and

Previous report

-general economic and political conditions, such as recessions, interest rates, inflation and acts of war or terrorism.

Previous report

Our future lithium production activities may change as a result of any one or more of these risks and uncertainties. We cannot assure you that any of our activities will result in achieving and maintaining the estimated net present value or internal rate of return as set forth in the Definitive Feasibility Study.