Atlas Lithium Engages Partners for Neves Project, Aiming for 146,000 Tonne Lithium Output
Atlas Lithium Corp. has secured engineering and construction partners for its Neves Project, targeting an annual output of 146,000 tonnes of lithium concentrate at an estimated operating cost of $489 per tonne. The strategic partnerships and contracts awarded below budget forecasts indicate a strong operational foundation as the company prepares for Phase 1 production in 2026.
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Atlas Lithium Corp. (ATLX:NASDAQ) has finalized contracts with key partners for its Neves Project, aiming for an annual output of around 146,000 tonnes of lithium concentrate at an estimated operating cost of $489 per tonne.
Contracts were awarded to firms like Promon Engenharia for engineering, TSX Engineering for management, and Cerne Construções for facility construction, all selected based on technical and cost criteria. The project is located in Brazil's Lithium Valley, where lithium concentrate has traded around US$2,000 per tonne.
Analysts highlight 2026 as pivotal for the company, focusing on initiating production and construction of a Dense Media Separation plant. Furthermore, Atlas Lithium is advancing exploration in its Salinas and Clear projects and holds 557 square kilometers of mineral rights in Brazil. The company's market cap stands at approximately US$130 million.
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