Atlas Lithium Corp
ATLX

$11.39

1.43%

Market Cap: 169M

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 6,702 funds

0

Analysts bullish %

of 5 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

8% more funds holding

Funds holding: 24 [Q4 2023] → 26 (+2) [Q1 2024]

3.21% less ownership

Funds ownership: 17.8% [Q4 2023] → 14.6% (-3.21%) [Q1 2024]

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

50% less call options, than puts

Call options by funds: $782K | Put options by funds: $1.58M

52% less capital invested

Capital invested by funds: $59.1M [Q4 2023] → $28.1M (-$31M) [Q1 2024]

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Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$26

124%

upside

Avg. target

$40

247%

upside

High target

$55

383%

upside

5 analyst ratings

5 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM Joe Reagor	124%upside $25.5	Buy Maintained	26 Jul 2024
HC Wainwright & Co. Heiko Ihle	260%upside $41	Buy Maintained	9 Jul 2024
Alliance Global Partners Jake Sekelsky	383%upside $55	Buy Maintained	2 Apr 2024
Roth MKM Joe Reagor	216%upside $36	Buy Maintained	1 Apr 2024
HC Wainwright & Co. Heiko Ihle	251%upside $40	Buy Maintained	1 Apr 2024

See Analyst Rankings

Financial journalist opinion

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

Lithium Junior Miners News For The Month Of April 2024

Lithium spot prices were generally flat the past month. Lithium market news - Chile opens 26 lithium salt flats to private companies. Fastmarkets - "We forecast a fairly balanced market in 2024." Junior lithium miner company news - Atlas Lithium secures US$30M Strategic Investment & Offtake Agreement from Mitsui. Galan Lithium increases total Mineral Resource by 18% to 8.6Mt LCE @859mg/L Li.

Lithium Junior Miners News For The Month Of April 2024

5 undervalued U.S. lithium stocks to buy immediately for long-term returns

Lithium is to electric vehicles as data centres is to artificial intelligence. The price of Lithium may have gained a bit in recent weeks but it's still down significantly from its high in mid-2023.

5 undervalued U.S. lithium stocks to buy immediately for long-term returns

The 3 Best Lithium Stocks to Buy in April 2024

The best lithium stocks to buy in April, in my opinion, are not often talked about by traditional financial media. These companies are often overlooked, flying under the radar of many investors.

The 3 Best Lithium Stocks to Buy in April 2024

7 Lithium Stocks to Buy on the Dip: March 2024

Beaten-down lithium prices aren't sustainable. In fact, according to The Wall Street Journal , prices have fallen too much to cover the cost of supply needed for electric vehicles (EVs).

7 Lithium Stocks to Buy on the Dip: March 2024

7 Lithium Stocks to Buy on the Dip: April 2024

Beaten-down lithium prices aren't sustainable. In fact, according to The Wall Street Journal , prices have fallen too much to cover the cost of supply needed for electric vehicles (EVs).

7 Lithium Stocks to Buy on the Dip: April 2024

Atlas Lithium Secures US$ 30,000,000 Strategic Investment and Offtake Agreement from Mitsui

Boca Raton, Florida--(Newsfile Corp. - March 28, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX), a lithium exploration and development company, is pleased to announce that it has signed definitive investment and offtake agreements with Mitsui & Co., Ltd. ("Mitsui") which the Company considers as strong validation of its project and team.

Atlas Lithium Secures US$ 30,000,000 Strategic Investment and Offtake Agreement from Mitsui

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