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Atlas Lithium Subsidiary Receives Permit to Begin Quartzite Mine Operations
Atlas Lithium Owns 24% of Jupiter Gold Belo Horizonte, Brazil--(Newsfile Corp. - December 28, 2022) - Atlas Lithium Corporation (OTCQB: ATLXD) ("Atlas
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Atlas Lithium Owns 24% of Jupiter Gold\nBelo Horizonte, Brazil--(Newsfile Corp. - December 28, 2022) - Atlas Lithium Corporation (OTCQB: ATLXD) (\"Atlas Lithium\" or the \"Company\"), a mineral exploration company focused on lithium and other battery metals critical to powering the green energy revolution, announced that Jupiter Gold Corporation (OTCQB: JUPGF) (\"Jupiter Gold\"), a company in which Atlas Lithium owns a 24% stake, has received the necessary permitting to begin operating its first quartzite mine.\n\"Obtaining the operational permit is a highly significant milestone for Jupiter Gold, an important component of our mineral asset portfolio,\" said Marc Fogassa, Chairman and Chief Executive Officer of Atlas Lithium. \"This development is a mandatory step towards beginning mining activities for our subsidiary's highly anticipated quartzite project.\"\nJupiter Gold's geology team discovered a significant quartzite deposit in 2020. During 2021, a drilling campaign was undertaken which confirmed the presence of high-quality, commercial-grade quartzite in the samples collected. Preliminary calculations indicated a potential of 3.9 million tons of quartzite mineralization. Quartzite from other producers in Brazil is currently selling for between $1,800 to $2,000 per cubic meter.\nIn 2021 and 2022, specialized consultants hired by Jupiter Gold performed all necessary environmental studies needed to apply for the quarry's operational licensing which has now been obtained. Jupiter Gold has hired a mining engineer with extensive experience in quartzite mining and the commercialization of such production to oversee this operation.\nAbout Atlas Lithium Corporation\nAtlas Lithium Corporation (OTCQB: ATLXD) 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 municipality of Araçuaí 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 gold, diamonds, and sand. The Co...