Atlas Lithium Fully Funded to First Production in 2024
- With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.
- - With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.
- Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce full funding for its early revenue strategy designed to allow the Company to be in production in Q4 2024.
- Atlas Lithium has estimated the total Phase 1 capital expenditures ("CAPEX") to be US$ 49.5 million for the implementation of mining and production of spodumene concentrate at its lithium project in Brazil's Lithium Valley.
- The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal.