Business
Atlas Lithium Announces Pricing of $10 Million Registered Direct Offering with New U.S. Fundamental Institutional Investors
Boca Raton, Florida--(Newsfile Corp. - December 5, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium...
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Boca Raton, Florida--(Newsfile Corp. - December 5, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium development company advancing Brazil's premier hard-rock lithium project, today announced that it has entered into securities purchase agreements with two new long term U.S. institutional investors for the purchase and sale of 2,500,000 shares of common stock at a purchase price of $4.00 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $10 million, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about December 8, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for the advancement of its Neves Lithium Project towards production as well as working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering.","length":1064,"tagName":"p"},{"type":"text","content":""We are honored to add as our newest shareholders these two premier, fundamental institutional investors," commented Marc Fogassa, Chairman and CEO of Atlas Lithium. "We believe that their investment strengthens our corporate profile as well as our balance sheet."","length":284,"tagName":"p"},{"type":"text","content":"This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-289805) which was declared effective by the Securities and Exchange Commission (the "SEC") on September 3, 2025. The offering is made only by means of a prospectus supplement and accompanying prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying base prospectus may be obtained, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].","length":881,"tagName":"p"...