Atlas Lithium Corporation is a U.S.-based mineral exploration and development company with a strong focus on lithium and other critical battery metals. Headquartered in Belo Horizonte, Brazil, the company is strategically positioned in Brazil’s Lithium Valley, a region renowned for its rich lithium deposits. Atlas Lithium is dedicated to advancing its hard-rock lithium projects, particularly the Minas Gerais Lithium Project, which spans over 468 square kilometers and includes 85 mineral rights. This positions the company as one of the largest lithium exploration portfolios in Brazil.
Founded in 2011 and previously known as Brazil Minerals, Inc., the company rebranded to Atlas Lithium Corporation in October 2022 to reflect its commitment to lithium and battery metals. Under the leadership of CEO Marc Fogassa, Atlas Lithium is focused on transitioning from exploration to production, aiming to become a leading supplier of lithium concentrate to support the global transition to clean energy and electric vehicles.
Battery Technology
Atlas Lithium Corporation is not directly involved in battery technology development but plays a critical role in the lithium supply chain. The company specializes in producing high-quality lithium ore concentrates, which are essential for manufacturing lithium-ion batteries used in electric vehicles and renewable energy storage systems.
The company employs dense media separation (DMS) technology to produce battery-grade spodumene concentrate. This method is environmentally sustainable, significantly reducing water consumption compared to traditional lithium extraction processes. Atlas Lithium’s modular DMS plant, currently being shipped to Brazil, incorporates advanced recycling systems to achieve industry-leading water efficiency. Additionally, the plant eliminates the need for tailings dams by using dry stacking tailings, further enhancing its environmental sustainability.
Atlas Lithium’s lithium concentrates are supplied to major lithium chemical producers, including Chengxin Lithium Group and Yahua Industrial Group, which in turn supply lithium hydroxide to companies like Tesla and BYD. By focusing on sustainable production methods and high-quality lithium concentrates, Atlas Lithium supports the growing demand for clean energy technologies.
Recent Projects
In recent months, Atlas Lithium has made significant progress toward its production goals. On January 21, 2025, the company announced that its modular DMS lithium processing plant is ready for shipment from South Africa to Brazil. The plant, consisting of 141 containers and 10 bulk items, is scheduled to depart on January 31, 2025. This milestone marks a critical step in the company’s journey to becoming a leading lithium producer.
Earlier, on December 30, 2024, Atlas Lithium accelerated its production readiness through key executive appointments, further solidifying its operational capabilities. The company remains on track to begin production in 2025, with its initial capital expenditures fully funded at $49.5 million. These developments underscore Atlas Lithium’s commitment to sustainable lithium production and its strategic positioning in the battery minerals market.
Investors
Atlas Lithium has attracted notable investors who have contributed to its growth and development. In July 2023, Martin Rowley, former Chairman of Allkem Limited, led a group of investors in a $10 million investment in the company. In March 2024, Mitsui & Co., Ltd., a global trading and investment firm, invested $30 million in Atlas Lithium and entered into an offtake agreement for lithium concentrate from the Neves Project. Mitsui currently holds approximately 12.14% of the company’s shares.
Other significant investors include Waratah Capital Advisors Ltd., which holds about 4.289% of the company’s shares, and Antonis Palikrousis, who holds approximately 3.219%. CEO Marc Fogassa also holds a substantial stake in the company, with about 31.29% of shares. These investments highlight the confidence in Atlas Lithium’s potential to become a major player in the lithium supply chain.
Business Details
Location: Belo Horizonte, Minas Gerais, Brazil
Website: https://atlas-lithium.com
LinkedIn: https://www.linkedin.com/company/atlas-lithium
