Atlas Lithium Corp
For the period ended Dec 31, 2025. Filed Mar 4, 2026.
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FY2025 · Filed Mar 4, 2026
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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 |
For additional information about our lithium projects, please see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation—Overview.”
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 |
All the critical mineral properties are held by our wholly owned subsidiary Brazil Minerals Resources Corporation (“BMR”).
On December 19, 2024, we entered into an Option Agreement (the “Option Agreement”) with Atlas Critical Minerals, pursuant to which we sold to Atlas Critical Minerals an option to buy 100% of our equity interests in BMR (the “Option”). As consideration for the Option, Atlas Critical Minerals will issue to us 797,957 shares of its common stock, representing $500,000 divided by a value per share of $0.6266.
The Option is exercisable within 12 months of Atlas Critical Minerals’ filing of a Form F-1 with the SEC, which took place on September 15, 2025. If the Option is exercised, we and Atlas Critical Minerals shall enter into a definitive purchase agreement for the purchase of BMR pursuant to which Atlas Critical Minerals shall pay us total consideration of $8,000,000, which at our discretion shall be in the form of cash, shares of Atlas Critical Minerals’ common stock, or a combination of cash and shares. If Atlas Critical Minerals exercises the Option, in addition to the $8,000,000 consideration, we shall be entitled to a perpetual royalty of one point five percent (1.5%) of the revenues resulting from the mineral rights owned by BMR as of the date of the Option Agreement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.