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Atlas Lithium secures expansion permit for Neves Project, boosting lithium production in Brazil.

Company Fundamentals
29 Jun 2026
Newsfile Corp
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Bullish
pluang ai news

Atlas Lithium Corporation has received the expansion permit for its Neves Project in Minas Gerais, Brazil, enabling the company to advance production plans. The project’s Definitive Feasibility Study shows strong economics with an expected annual output of 146,000 tonnes of lithium concentrate, a 145% after-tax IRR, and an 11-month payback period. The company’s modular lithium processing plant is ready for assembly, and the project emphasizes environmental sustainability with low water use and dry-stacked tailings. This milestone supports Atlas Lithium’s position as a leading lithium developer with the largest exploration footprint in Brazil and backing from major investors like Mitsui & Co.

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