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Atlas Lithium Corporation Announces Closing of Underwritten Public Offering and Nasdaq Uplisting Including Full Exercise of Over-Allotment Option
Belo Horizonte, Brazil--(Newsfile Corp. - January 12, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a U.S. mineral
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Belo Horizonte, Brazil--(Newsfile Corp. - January 12, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) (\"Atlas Lithium\" or the \"Company\"), a U.S. mineral exploration company with lithium projects and properties in other critical battery metals, today announced the closing of its underwritten public offering of 675,000 shares of common stock and Nasdaq uplisting. In addition, the underwriters exercised their over-allotment option to purchase an additional 101,250 shares of common stock. The shares began trading on the Nasdaq Capital Market under the ticker symbol \"ATLX\" on January 10, 2023.\nEF Hutton, division of Benchmark Investments, LLC, acted as sole book-running manager for the offering.\nThe Company's registration statement on Form S-1 (File No. 333-262399) relating to the offering was declared effective by the U.S. Securities and Exchange Commission (the \"SEC\") on January 9, 2023. A final prospectus relating to the offering was filed with the SEC on January 10, 2023 and is available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at [email protected] or telephone at (212) 404-7002.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in the offering in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Atlas Lithium Corporation\nAtlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project which consists of 52 mineral rights spread over 56,078 acres (227 km2) and is located primarily in the Lithium Valley of the state of Minas Gerais in Brazil. Atlas Lithium also has a separate second lithium project located in Brazil's Northeast region. In total, Atlas Lithium has 100% ownership of mineral rights for almost all battery metals including lithium (293 km2), nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2), in addition to mining concessions for g...