Atlas Lithium Corp

Previous wording

Materials and products imported into the EU, the United States and other countries are subject to import duties. In addition, we cannot predict whether future Brazilian, U.S. or international laws, regulations, trade remedy actions or international agreements may impose additional duties or other restrictions on exports of minerals from Brazil. In recent periods, the U.S. government has announced and, in particular following the U.S. presidential election in November 2024, may continue to announce, various import tariffs on goods imported from certain trade partners, such as the EU and China, which have resulted, and may continue to result, in reciprocal tariffs on goods exported from the United States to such trade partners. For example, on April 2, 2025, the Trump Administration announced sweeping global tariffs, which has resulted in a period of considerable volatility, trade negotiations and consideration of retaliatory trade measures. Then, on April 23, 2025, the U.S. Department of Commerce started an analysis under Section 232 of the Trade Expansion Act of 1962 (“Section 232”) to evaluate the national security impacts of reliance on foreign imports of critical minerals. Such analysis may result in the imposition of tariffs on certain critical mineral imports to the U.S., including lithium. We are unable to predict whether such tariffs would be directed primarily at China, as the global leader of critical mineral exports, or whether exporters of critical minerals from Brazil, including the Company, would be impacted. An escalating global trade war, including tariffs under Section 232 or other trade policies, such as trade restrictions between the United States and China or retaliatory trade measures by global policymakers, could 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 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 adverse effect on our business.

Current wording

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.