Atlas Lithium Corporation (NASDAQ:ATLX) ("Atlas Lithium" or the "Company"), a leading developer of lithium resources, is pleased to announce the engagement of key operational partners for the implementation of its 100%-owned Neves Project. Several qualified firms participated in a competitive selection process led by Atlas Lithium's technical team. Contracts were awarded based on a comprehensive evaluation of relevant criteria, including technical experience, proven performance, quality, and cost efficiency. Each awarded contract was finalized at or below the budget projections outlined in the Company's Definitive Feasibility Study (the "DFS"). As detailed in the DFS, the Neves Project is expected to produce approximately 146,000 tonnes of lithium concentrate per year at an estimated operating cost of $489 per tonne at the mine gate. For reference, lithium concentrate has recently traded at approximately $2,000 per tonne.
The selected companies were chosen through a rigorous vetting process that emphasized technical alignment, execution capability, and adherence to Atlas Lithium's stringent quality and schedule standards. Each of these partners brings a strong track record of performance and deep experience in Brazil's mining sector.