Atlas Lithium Corp
ATLX

$9.26

2.77%

Market Cap: $141M

About: Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain. They intend to mine and then process its lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.

Employees: 76

Materials Mining & Quarrying of Nonmetallic Minerals, Except Fuels

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

4.18% less ownership

Funds ownership: 14.61% [Q1] → 10.43% (-4.18%) [Q2]

18% less funds holding

Funds holding: 28 [Q1] → 23 (-5) [Q2]

34% less capital invested

Capital invested by funds: $28.2M [Q1] → $18.6M (-$9.57M) [Q2]

50% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 8

62% less call options, than puts

Call options by funds: $532K | Put options by funds: $1.39M

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$26

175%

upside

Avg. target

$33

259%

upside

High target

$41

343%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM Joe Reagor 18% 1-year accuracy 6 / 34 met price target	175%upside $26	Buy Maintained	26 Jul 2024
HC Wainwright & Co. Heiko Ihle 40% 1-year accuracy 63 / 159 met price target	343%upside $41	Buy Maintained	9 Jul 2024

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Financial journalist opinion

Based on 4 articles about ATLX published over the past 30 days

Atlas Lithium Corporation: Buying The Lithium Dip

Lithium prices have plunged nearly 90% from their 2022 highs, presenting a potential value-based investment opportunity as commodity cycles suggest a price bottom. Atlas Lithium Corporation is transitioning from exploration to production, with significant projects in Brazil and a strategic investment from Mitsui. Mitsui's $30 million investment in Atlas Lithium, despite current low lithium prices, underscores confidence in the company's long-term potential and the cyclical nature of commodities.

Atlas Lithium Corporation: Buying The Lithium Dip

Atlas Lithium Recognized for Its Plant Design

Boca Raton, Florida--(Newsfile Corp. - August 27, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that its spodumene concentrate plant design has been selected as a finalist for a November 14, 2024 contest, organized by a non-profit civil society organization in the state of Minas Gerais, to recognize environmentally-sustainable approaches in the industry. The Company's plant design is both compact and modular, with its weight, physical footprint, and water usage expected to be significantly lower than those of traditional plants.

Atlas Lithium Recognized for Its Plant Design

Atlas Lithium's Modular Lithium Processing Plant Readies for Brazil

HIGHLIGHTS Atlas Lithium's team visited South Africa last week to supervise the preparation of the components of the Company's modular lithium DMS plant for shipment to Brazil. 48 containers have been prepared to date, with a final total of over 100 containers expected before a charter vessel departs from Durban, South Africa to Santos, Brazil.

Atlas Lithium's Modular Lithium Processing Plant Readies for Brazil

Q3's Rising Stars: 7 Lithium Stocks for Your Must-Watch List

Lithium stocks to watch have been devastated. But with a good deal of “excessive pessimism” now priced in, it's time to buy.

Q3's Rising Stars: 7 Lithium Stocks for Your Must-Watch List

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3 Lithium Stocks That Could Make Your Summer Unforgettable

Lithium prices are struggling at multi-year lows, forcing some miners to consider closing down mines and delaying projects. But I'd use that as a reason to buy beaten-down lithium stocks for the long term.

3 Lithium Stocks That Could Make Your Summer Unforgettable

Atlas Lithium Corporation: Nearing Potential Buy Zone

Atlas Lithium stock has dropped significantly, potentially creating a buy zone below $10 per share. The company is focused on lithium production in Brazil, with plans to start production in Q4 2024 and reach 300,000 tons by mid-2025. Atlas Lithium's DMS processing technology is cost-effective, environmentally friendly, and positions them as a strong player in the lithium production industry.

Atlas Lithium Corporation: Nearing Potential Buy Zone

Atlas Lithium Doubles the Size of Its Lithium Exploration Footprint in Brazil; Provides Exploration Update

HIGHLIGHTS Atlas Lithium has more than doubled its lithium exploration portfolio in Brazil to approximately 539 km² (approximately 133,294 acres). Most of the new claims are in the promising Doce River and Mucuri Valleys, an exciting new lithium jurisdiction in Brazil that has been relatively underexplored for lithium.

Atlas Lithium Doubles the Size of Its Lithium Exploration Footprint in Brazil; Provides Exploration Update

Atlas Lithium to Co-host the Inaugural Brazil Lithium Summit

Boca Raton, Florida--(Newsfile Corp. - June 3, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that it will co-host the inaugural Brazil Lithium Summit (the "Summit"). This event is set to showcase Brazil's lithium potential and will be taking place from June 11 to 13, 2024, in Belo Horizonte, the capital of the state of Minas Gerais in Brazil.

Atlas Lithium to Co-host the Inaugural Brazil Lithium Summit

Atlas Lithium's Modular Processing Plant Enters Final Fabrication and Trial Assembly Stage

HIGHLIGHTS Atlas Lithium's modular dense media separation (DMS) lithium processing plant enters final fabrication stage. The innovative modular plant design, first for Brazil's lithium industry, streamlines transportation, installation, and commissioning.

Atlas Lithium's Modular Processing Plant Enters Final Fabrication and Trial Assembly Stage

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