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Atlas Lithium's Processing Plant Prepares for Shipment to Brazil
Boca Raton, Florida--(Newsfile Corp. - January 21, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a leading lithium explor
About this update from Atlas Lithium Corporation
[{"type":"text","content":" Boca Raton, Florida--(Newsfile Corp. - January 21, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) (\"Atlas Lithium\" or the \"Company\"), a leading lithium exploration and development company, is pleased to announce that its modular dense media separation (DMS) lithium processing plant is ready for shipment from South Africa to Brazil. The newly constructed plant leverages South Africa's renowned expertise in producing high-quality, cost-effective mining equipment. This milestone represents a key step in the Company's journey toward lithium production and significantly reduces project risk, as the plant has been fully paid for. The shipment, consisting of 141 containers and 10 bulk items, is scheduled to depart via a chartered vessel on January 31, 2025. Below is a photograph of Atlas Lithium's CFO, Tiago Miranda, and Logistics Coordinator, Graciela Vieira, overseeing the plant containers being transported to port on January 20, 2025. Figure 1: Atlas Lithium's CFO, Tiago Miranda, and Logistics Coordinator, Graciela Vieira, overseeing the plant containers being transported to port on January 20, 2025. This state-of-the-art processing facility will become the first modular DMS plant of its kind in Brazil, positioning Atlas Lithium as a trailblazer in the country's lithium processing sector. Its novel design delivers multiple operational and environmental benefits, underscoring the Company's leadership in sustainable and efficient lithium production. \"Our modular DMS plant is a testament to Atlas Lithium's commitment to innovation, efficiency, and sustainability,\" said Eduardo Queiroz, Atlas Lithium's Project Management Officer (PMO) and Vice President of Engineering. \"By combining cutting-edge design with environmental responsibility, we are setting industry standards for operational performance and eco-conscious practices as we advance toward production.\" Marc Fogassa, CEO of Atlas Lithium, added: \"A mining company's capital expenditure (CAPEX) for production is one of its greatest risk factors. In our case, we have diminished this risk substantially, as our DMS plant is fully paid for and titled to Atlas Lithium. This is a significant advantage as we move closer to production.\" Optimized Design Features The Company's modular DMS plant incorporates several design innovations that offer significant advantages over traditi...