Galaxy Resources

Atlas Lithium Fully Funded to First Production in 2024

Retrieved on: 
Monday, December 4, 2023

- With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.

Key Points: 
  • - 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.

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

Retrieved on: 
Wednesday, November 8, 2023

Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.

Key Points: 
  • Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
  • Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium.
  • Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the "Investment").
  • However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy."

Atlas Lithium Fully Funded to First Production in 2024

Retrieved on: 
Monday, December 4, 2023

With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.

Key Points: 
  • With these transactions, Atlas Lithium is fully funded for its estimated total CAPEX to first production of US$49.5 million.
  • Boca Raton, Florida--(Newsfile Corp. - December 4, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce full funding for its early revenue strategy designed to allow the Company to be in production in Q4 2024.
  • Atlas Lithium has estimated the total Phase 1 capital expenditures ("CAPEX") to be US$ 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.

Atlas Lithium Secures US$ 20,000,000 Investment from Lithium Investors Including Lead Advisor Martin Rowley

Retrieved on: 
Wednesday, November 8, 2023

Boca Raton, Florida--(Newsfile Corp. - November 8, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium. In 1996, Mr. Rowley co-founded First Quantum Minerals Ltd., one of the largest copper companies in the world. In 2009, he recognized the potential of lithium and became Chairman of Lithium One Inc., and later Chairman of Galaxy Resources Ltd. after it merged with Lithium One. Mr. Rowley led significant growth in Galaxy, ultimately resulting in the merger with Orocobre Ltd. in 2021 which created global lithium producer Allkem Ltd. He retired as Chairman of Allkem in November 2022.

Key Points: 
  • Renowned mining professional Martin Rowley leads investment round of US$ 20,000,000 for Atlas Lithium.
  • Boca Raton, Florida--(Newsfile Corp. - November 8, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce the signing of an agreement for a key strategic raise of $20,000,000 from lithium focused investors led by Martin Rowley, former Chairman of lithium powerhouse Allkem Ltd. and a Lead Advisor to Atlas Lithium.
  • Atlas Lithium was offered and has entered into an agreement that establishes a US$ 20,000,000 three-year unsecured convertible note led by Mr. Rowley along with other experienced lithium investors (the "Investment").
  • However, the biggest benefit is to have the expertise of astute lithium investors, including Mr. Martin Rowley, aligned with our strategy."

Atlas Lithium Announces Investments from Strategic Parties to Advance Its Lithium Project

Retrieved on: 
Monday, July 24, 2023

One of the investors is Mr. Martin Rowley, recently retired Chairman of Allkem Limited, a well-known lithium company with market capitalization of approximately US$ 7 billion.

Key Points: 
  • One of the investors is Mr. Martin Rowley, recently retired Chairman of Allkem Limited, a well-known lithium company with market capitalization of approximately US$ 7 billion.
  • The capital raised will be utilized in advancing Atlas Lithium's 100%-owned Neves Project in Brazil's Lithium Valley, a well-regarded mining district for hard-rock lithium.
  • Marc Fogassa, Atlas Lithium's CEO and Chairman, commented, "Mr. Rowley is one of the most distinguished names in the lithium space.
  • Atlas Lithium is most fortunate to have earned their interest as we rapidly advance our project."

Atlas Lithium Announces Investments from Strategic Parties to Advance Its Lithium Project

Retrieved on: 
Monday, July 24, 2023

One of the investors is Mr. Martin Rowley, recently retired Chairman of Allkem Limited, a well-known lithium company with market capitalization of approximately US$ 7 billion.

Key Points: 
  • One of the investors is Mr. Martin Rowley, recently retired Chairman of Allkem Limited, a well-known lithium company with market capitalization of approximately US$ 7 billion.
  • The capital raised will be utilized in advancing Atlas Lithium's 100%-owned Neves Project in Brazil's Lithium Valley, a well-regarded mining district for hard-rock lithium.
  • Marc Fogassa, Atlas Lithium's CEO and Chairman, commented, "Mr. Rowley is one of the most distinguished names in the lithium space.
  • Atlas Lithium is most fortunate to have earned their interest as we rapidly advance our project."

Creation of 'Lithium OPEC' Underway in South America as EV Demand Surges Worldwide

Retrieved on: 
Thursday, March 30, 2023

VANCOUVER, B.C., March 30, 2023 /PRNewswire/ -- USA News Group - Thanks to the Lithium Triangle and a new mine coming online in Brazil, South America is set to become to lithium what the Middle East is to petroleum. Discussion surrounding the creation of a so-called "Lithium OPEC" is underway between Argentina, Chile, Bolivia, and Brazil, with the group potentially set to emulate similar strategies of OPEC, according to a group of Argentinian representatives at the annual PDAC Convention held in Toronto in March 2023. With the three Lithium Triangle countries (Argentina, Chile, Bolivia) making up more than 60% of the world's known lithium resources, it's clear why there's been a race to secure lithium assets in the region. Several miners are making huge strides in South America's lithium scene, including Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Livent Corporation (NYSE:LTHM), Allkem Limited (TSX:AKE) (OTC:OROCF), Lithium Americas, and Rio Tinto Group (NYSE:RIO).

Key Points: 
  • So far the evaluation of the HMN Li Project has progressed significantly, including a Preliminary Economic Assessment (PEA) completed in April 2019.
  • This assessment was based on an original Tramo claim that covered 383 hectares of the project's initial claims.
  • "Sal de Vida construction is well underway, and James Bay is advancing with approvals received by the federal government for the ESIA.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Creation of 'Lithium OPEC' Underway in South America as EV Demand Surges Worldwide

Retrieved on: 
Thursday, March 30, 2023

VANCOUVER, B.C., March 30, 2023 /PRNewswire/ -- USA News Group - Thanks to the Lithium Triangle and a new mine coming online in Brazil, South America is set to become to lithium what the Middle East is to petroleum. Discussion surrounding the creation of a so-called "Lithium OPEC" is underway between Argentina, Chile, Bolivia, and Brazil, with the group potentially set to emulate similar strategies of OPEC, according to a group of Argentinian representatives at the annual PDAC Convention held in Toronto in March 2023. With the three Lithium Triangle countries (Argentina, Chile, Bolivia) making up more than 60% of the world's known lithium resources, it's clear why there's been a race to secure lithium assets in the region. Several miners are making huge strides in South America's lithium scene, including Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Livent Corporation (NYSE:LTHM), Allkem Limited (TSX:AKE) (OTC:OROCF), Lithium Americas, and Rio Tinto Group (NYSE:RIO).

Key Points: 
  • So far the evaluation of the HMN Li Project has progressed significantly, including a Preliminary Economic Assessment (PEA) completed in April 2019.
  • This assessment was based on an original Tramo claim that covered 383 hectares of the project's initial claims.
  • "Sal de Vida construction is well underway, and James Bay is advancing with approvals received by the federal government for the ESIA.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

International Race for Lithium Heats Up as Auto Giants Invest in Mining Space

Retrieved on: 
Thursday, March 23, 2023

VANCOUVER, BC, March 23, 2023 /PRNewswire/ -- USA News Group  -  An international scramble for lithium is fully underway, with some of the world's largest automakers now jockeying for position in the mining space to secure supplies for the battery metal moving forward. The latest to throw its hat in the lithium ring is General Motors Company (NYSE:GM), which announced a $650 million equity investment in Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) in connection with construction on the upcoming Thacker Pass lithium project in Nevada. GM's investment is another symptom of the race that's heating up on the international scene, with perhaps even more attention being placed on South America's prolific 'Lithium Triangle' where the West is competing with Chinese interests to secure whatever they can ahead of an EV market that will likely require as much as 3x as much lithium that's currently being produced for the entire global market. Among the Lithium Triangle projects underway, some of the most active developers currently working today are Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), and Livent Corporation (NYSE:LTHM).

Key Points: 
  • Among the Lithium Triangle projects underway, some of the most active developers currently working today are Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), and Livent Corporation (NYSE:LTHM).
  • "We are very excited to complete a hole to such significant depth at the Alba Sabrina claim block," said Lithium South President and CEO Adrian F.C.
  • But now almost 4 years later, lithium was selling at 5.5x that as recently as December 2022.
  • But another potential North American lithium producer on the horizon is Allkem Limited (TSX:AKE) (OTC:OROCF), which is the resulting entity of a major lithium merger between Galaxy Resources and Orocobre Mining.

International Race for Lithium Heats Up as Auto Giants Invest in Mining Space

Retrieved on: 
Thursday, March 23, 2023

VANCOUVER, BC, March 23, 2023 /PRNewswire/ -- USA News Group  -  An international scramble for lithium is fully underway, with some of the world's largest automakers now jockeying for position in the mining space to secure supplies for the battery metal moving forward. The latest to throw its hat in the lithium ring is General Motors Company (NYSE:GM), which announced a $650 million equity investment in Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) in connection with construction on the upcoming Thacker Pass lithium project in Nevada. GM's investment is another symptom of the race that's heating up on the international scene, with perhaps even more attention being placed on South America's prolific 'Lithium Triangle' where the West is competing with Chinese interests to secure whatever they can ahead of an EV market that will likely require as much as 3x as much lithium that's currently being produced for the entire global market. Among the Lithium Triangle projects underway, some of the most active developers currently working today are Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), and Livent Corporation (NYSE:LTHM).

Key Points: 
  • Among the Lithium Triangle projects underway, some of the most active developers currently working today are Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), and Livent Corporation (NYSE:LTHM).
  • "We are very excited to complete a hole to such significant depth at the Alba Sabrina claim block," said Lithium South President and CEO Adrian F.C.
  • But now almost 4 years later, lithium was selling at 5.5x that as recently as December 2022.
  • But another potential North American lithium producer on the horizon is Allkem Limited (TSX:AKE) (OTC:OROCF), which is the resulting entity of a major lithium merger between Galaxy Resources and Orocobre Mining.