Belo Horizonte, Minas Gerais
Atlas Lithium specializes in producing high-quality lithium ore concentrates using dense media separation (DMS) technology, which is environmentally sustainable and reduces water consumption significantly compared to traditional methods. Their modular DMS plant uses advanced recycling systems and dry stacking tailings, eliminating the need for tailings dams. The lithium concentrates produced support manufacturing lithium-ion batteries for electric vehicles and renewable energy storage.
The company produces battery-grade spodumene lithium concentrates through its DMS process, supplying major lithium chemical producers like Chengxin Lithium Group and Yahua Industrial Group, which supply to companies such as Tesla and BYD. The lithium concentrates are noted for their high quality and sustainability.
Key projects include the Neves Project, Atlas Lithium’s flagship hard-rock lithium development in Minas Gerais, Brazil, with operational permitting received in 2024 and production targeted for Q4 2024. The project promises an estimated 145% IRR and 11 months payback, producing up to 150,000 tons of spodumene concentrate annually, with plans to scale to 300,000 tons. Other projects include the Salinas and Clear lithium exploration projects. Partnerships include strategic investment and offtake agreements with Mitsui & Co. and an investment from Lithium Royalty Corp, supporting production scale-up and financial strength.
Investors include Martin Rowley, who led a $20M convertible note funding round in 2023; Mitsui & Co., which invested $30M and holds about 12.1% alongside an offtake agreement; Waratah Capital Advisors Ltd., holding about 4.3%; Antonis Palikrousis, holding about 3.2%; and CEO Marc Fogassa, holding approximately 31.3%. Recent funding rounds and equity plan amendments reflect growing institutional interest and board-level governance updates.
