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Atlas Lithium Advances Neves Project Execution with Contract for Lithium Processing Plant Assembly
Boca Raton, Florida--(Newsfile Corp. - May 18, 2026) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a leading developer of
About this update from Atlas Lithium Corporation
[{"type":"text","content":" Boca Raton, Florida--(Newsfile Corp. - May 18, 2026) - Atlas Lithium Corporation (NASDAQ: ATLX) (\"Atlas Lithium\" or the \"Company\"), a leading developer of lithium resources, is pleased to announce the engagement of Alfa Engenharia (\"Alfa\"), a highly respected and experienced engineering firm, as the specialized electromechanical assembly contractor for the Company's Neves Project. Atlas Lithium's fully paid, 100%-owned lithium processing plant, manufactured in South Africa to the Company's specifications, has been transported to Brazil. Alfa's selection guarantees the necessary expertise in Brazilian projects to ensure assembly will be done efficiently and timely, marking another important milestone in the Company's disciplined execution of the Neves Project. Selected through Atlas Lithium's competitive procurement process, Alfa was chosen based on its strong track record in large-scale industrial and mineral processing projects, technical alignment with the Definitive Feasibility Study (the \"DFS\"), and adherence to Atlas Lithium's rigorous standards for quality, safety, and schedule performance. With over 35 years of experience, Alfa has successfully delivered complex industrial projects across Brazil, providing comprehensive solutions in electromechanical assembly, metal fabrication, and refractory services for major mining and steel industry clients. As with previously announced execution partners, the contract with Alfa was finalized at or below the budget projections outlined in the DFS. According to the DFS, Atlas Lithium's 100%-owned 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 context, lithium concentrate has recently achieved prices above $2,500 per tonne, underscoring the project's attractive economics. The scope of work awarded to Alfa encompasses the complete assembly of the Neves Project's processing plant, from the crushing systems through to final product processing and dispatch. The contract also includes the installation of all mechanical, electrical, instrumentation, and automation systems required for plant operations. \"The engagement of Alfa Engenharia builds directly on the momentum established last month with the contracting of Promon Engenharia, TSX Engineering, Cerne Constr...