Atlas Lithium Progresses Towards Key Permitting
Atlas Lithium (NASDAQ: ATLX) has reached a significant milestone in its permitting process for the Neves Project. The state of Minas Gerais Environmental Foundation's technical management group has issued a 161-page technical report recommending approval of Atlas Lithium's operational permit application. This is important for the company's ability to assemble and operate its lithium processing plant.
The company filed the application on September 1, 2023, and has since addressed multiple technical questions from the agency. Concurrently, Atlas Lithium is preparing to ship its compact and modular lithium processing plant from South Africa to Brazil. The plant is designed to be environmentally sustainable, with reduced height, weight, and footprint, maximizing water recycling and employing dry stacking of tailings without dams.
Atlas Lithium (NASDAQ: ATLX) ha raggiunto un traguardo significativo nel processo di autorizzazione per il Progetto Neves. Il gruppo di gestione tecnica della Fondazione Ambientale dello stato di Minas Gerais ha emesso un rapporto tecnico di 161 pagine che raccomanda l'approvazione della domanda di permesso operativo di Atlas Lithium. Questo è fondamentale per la capacità dell'azienda di assemblare e gestire il suo impianto di lavorazione del litio.
L'azienda ha presentato la domanda il 1° settembre 2023 e da allora ha affrontato numerose domande tecniche da parte dell'agenzia. Contemporaneamente, Atlas Lithium si sta preparando a spedire il suo impianto di lavorazione del litio compatto e modulare dal Sudafrica al Brasile. L'impianto è progettato per essere ecologicamente sostenibile, con altezza, peso e ingombro ridotti, massimizzando il riciclo dell'acqua e impiegando lo stoccaggio secco delle scorie senza dighe.
Atlas Lithium (NASDAQ: ATLX) ha alcanzado un hito significativo en su proceso de permisos para el Proyecto Neves. El grupo de gestión técnica de la Fundación Ambiental del estado de Minas Gerais ha emitido un informe técnico de 161 páginas que recomienda la aprobación de la solicitud de permiso operativo de Atlas Lithium. Esto es importante para la capacidad de la empresa de montar y operar su planta de procesamiento de litio.
La empresa presentó la solicitud el 1 de septiembre de 2023 y desde entonces ha abordado múltiples preguntas técnicas de la agencia. Al mismo tiempo, Atlas Lithium se está preparando para enviar su planta de procesamiento de litio compacta y modular desde Sudáfrica a Brasil. La planta está diseñada para ser ambientalmente sostenible, con altura, peso y huella reducidos, maximizando el reciclaje de agua y empleando apilamiento en seco de relaves sin represas.
아틀라스 리튬(나스닥: ATLX)이 네베스 프로젝트의 허가 프로세스에서 중요한 이정표에 도달했습니다. 미나스제리아스 주 환경재단의 기술 관리 그룹이 아틀라스 리튬의 운영 허가 신청을 승인 추천하는 161페이지의 기술 보고서를 발행했습니다. 이는 회사가 리튬 가공 공장을 조립하고 운영할 수 있는 능력에 중요합니다.
회사는 2023년 9월 1일에 신청서를 제출했으며, 그 이후로 기관의 여러 기술 관련 질문에 답변했습니다. 동시에 아틀라스 리튬은 남아프리카에서 브라질로 소형 모듈식 리튬 가공 공장을 송출할 준비를 하고 있습니다. 이 공장은 환경적으로 지속 가능하도록 설계되었으며, 높이와 무게, 면적을 줄이고, 물 재활용을 극대화하며, 댐 없이 찌꺼기를 건조한 상태로 쌓는 방식으로 운영됩니다.
Atlas Lithium (NASDAQ: ATLX) a atteint une étape significative dans son processus de demande de permis pour le projet Neves. Le groupe de gestion technique de la Fondation Environnementale de l'État de Minas Gerais a publié un rapport technique de 161 pages recommandant l'approbation de la demande de permis opérationnel d'Atlas Lithium. Cela est important pour la capacité de l'entreprise à assembler et exploiter son usine de traitement du lithium.
L'entreprise a déposé la demande le 1er septembre 2023 et a depuis répondu à plusieurs questions techniques de l'agence. En parallèle, Atlas Lithium se prépare à expédier sa plante de traitement du lithium compacte et modulaire d'Afrique du Sud vers le Brésil. L'usine est conçue pour être écologiquement durable, avec une hauteur, un poids et une empreinte réduits, maximisant le recyclage de l'eau et utilisant l'empilement à sec des résidus sans barrages.
Atlas Lithium (NASDAQ: ATLX) hat einen bedeutenden Meilenstein im Genehmigungsverfahren für das Neves-Projekt erreicht. Die technische Managementgruppe der Umweltstiftung des Bundesstaates Minas Gerais hat einen 161-seitigen technischen Bericht veröffentlicht, der die Genehmigung des Betriebserlaubnisantrags von Atlas Lithium empfiehlt. Dies ist wichtig für die Fähigkeit des Unternehmens, seine Lithiumverarbeitungsanlage zu bauen und zu betreiben.
Das Unternehmen hat den Antrag am 1. September 2023 eingereicht und seitdem mehrere technische Fragen der Behörde bearbeitet. Gleichzeitig bereitet sich Atlas Lithium darauf vor, seine kompakte und modulare Lithiumverarbeitungsanlage von Südafrika nach Brasilien zu versenden. Die Anlage ist so konzipiert, dass sie umweltverträglich ist, mit reduzierter Höhe, Gewicht und Fläche, maximiert die Wasserrecycling und verwendet Trockenlagerung von Rückständen ohne Dämme.
- Received favorable recommendation for operational permit approval
- Progress towards becoming a lithium producer
- Innovative compact and modular processing plant design
- Environmentally sustainable plant with reduced footprint and water usage
- None.
Boca Raton, Florida--(Newsfile Corp. - September 23, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that the technical management group of the state of Minas Gerais Environmental Foundation, the governmental agency regulating operational licensing within the state of Minas Gerais (the "Agency"), issued a 161-page technical report which recommends approval of Atlas Lithium's permit application for its Neves Project. This is a critical step for the Company's ability to receive the permit to assemble and operate its lithium processing plant and to process the mined ore at the facility.
Atlas Lithium filed its operational permit application on September 1, 2023. Since then, the Company's Neves Project has been inspected by the Agency's technical team, an essential step in the permitting process. During the last twelve months, Atlas Lithium received multiple sets of technical questions from the Agency's staff which the Company addressed timely, leading up to the issuance of the Agency's comprehensive report with the favorable recommendation for the approval of the Company's permit application.
Marc Fogassa, CEO of the Company, commented, "This milestone announcement is one of the most significant developments in Atlas Lithium's history. We extend our gratitude to the numerous experts from the environmental agency of the state of Minas Gerais who thoroughly analyzed our project and concluded with their recommendation for approval of our permit. We are continuing our steady progress towards becoming a producer."
In other news, preparations continue as planned for the shipment of the Company's lithium processing plant to Brazil. The plant's components, manufactured in South Africa, will be assembled in Brazil to process ore from the Company's Neves Project and produce lithium concentrate, a crucial commercial product in the global lithium supply chain and essential for EV battery production.
"The Atlas Lithium processing plant represents an advancement over traditional designs as it is compact and modular. We are making continued progress in finalizing all necessary pre-shipment steps", said James Schloffer, a lithium processing expert and member of the Company's Operations Committee.
The Company's compact, modular plant design is expected to streamline transportation, installation, and commissioning. Compared to other processing facilities in the lithium industry today, this dense media separation plant will have reduced height, weight, and overall physical footprint. These features will contribute to an environmentally sustainable design that minimizes water usage by maximizing water recycling. Furthermore, Atlas Lithium's project will employ dry stacking of tailings without the use of dams.
About Atlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.
Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 27, 2024. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.
Investor Relations
Gary Guyton
Vice President, Investor Relations
+1 (833) 661-7900
gary.guyton@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224188
FAQ
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