Boca Raton, Florida--(Newsfile Corp. - July 13, 2026) - Atlas Lithium Corporation (NASDAQ:ATLX) (&#34;Atlas Lithium&#34; or the &#34;Company&#34;) today announced that it is on track for first commercial production of

<p>Boca Raton, Florida--(Newsfile Corp. - July 13, 2026) - Atlas Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ATLX">ATLX</a>) ("Atlas Lithium" or the "Company") today announced that it is on track for first commercial production of lithium oxide concentrate in the fourth quarter of 2027. The Company's 100%-owned and fully permitted Neves Project will feature a vertically integrated mining and processing industrial complex designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate per year, a key component of the global battery supply chain for electric vehicles and energy storage systems. Reflecting the strength of the Neves Project, Atlas Lithium has received written product interest from multiple companies totaling more than three times its planned production capacity.</p><p>At the Neves Project, Atlas Lithium is building a socially anchored, sustainable operation that adds value domestically. The Company anticipates that its fully integrated facility will generate more than 5,000 direct and indirect jobs in the Jequitinhonha Valley, a developing region of Minas Gerais State in Brazil. Atlas Lithium maintains strong community relations and is committed to prioritizing local hiring and training for its operations. The Company's full-time employees in the Jequitinhonha Valley already earn, on average, twice the prevailing local wage and receive healthcare coverage and other benefits that exceed regional standards. This approach has strengthened the Company's social license to operate and fostered long-term partnerships with local communities.</p><p style="text-align: center;"><b>Highlights</b></p><ul><li><b>On Track for Q4 2027 First Production:</b> Transitioning Atlas Lithium from developer to producer.</li><li><b>Fully Permitted Through Commercial Production:</b> A major risk of any project has been eliminated.</li><li><b>Strong Market Interest:</b> Written product interest cumulatively exceeds three times planned production capacity.</li><li><b>Robust Projected Economics:</b> DFS results show a 145% after-tax IRR and an 11-month payback period, with operating costs of $489 per tonne versus recent market prices of roughly $2,300 per tonne.</li><li><b>Strong Employment and Social Contribution:</b> Atlas Lithium's Jequitinhonha Valley employees already earn twice the local wage and more than 5,000 additional direct and indirect jobs will be created. </li></ul><p>Recent months have seen marked progress on-site, in partnership with leading Brazilian technical and engineering firms:</p><ul style="list-style-type: disc;"><li><b>Promon Engenharia</b> - Detailed engineering</li><li><b>TSX Engineering</b> - Project management, cost control, planning, and risk management</li><li><b>Cerne Constru&#231;&#245;es</b> - Engineering, procurement, and construction of facilities</li><li><b>RETC Infraestrutura</b> - Earthworks and civil construction</li><li><b>Alfa Engenharia</b> - Electromechanical assembly</li></ul><p>All partner contracts were finalized at or below Definitive Feasibility Study (DFS) budget levels, underscoring Atlas Lithium's disciplined cost management and project execution. </p><p>"We believe the Neves Project ranks among the most capital-efficient lithium developments worldwide, and it is clear that global lithium buyers have taken notice," said Marc Fogassa, Chief Executive Officer and Chairman of Atlas Lithium. "Our continued progress reflects disciplined and methodical execution across every front - permitting, contracting, and engineering. Importantly, we are already creating some of the best jobs in the Jequitinhonha Valley, and our continued growth will translate into further gains for our communities and the local economy." </p><p>Atlas Lithium holds the largest lithium exploration portfolio in Brazil among publicly listed companies - approximately 557 square kilometers of mineral rights across the country's premier lithium districts. Over time, the Company intends to build on this footprint by expanding industrial capacity at the Neves Project and developing additional processing facilities across its broader project portfolio, thereby positioning Atlas Lithium to scale production as global lithium demand grows, driven by the expected long-term expansion of artificial intelligence data centers and continued electric vehicle adoption.</p><p><b>About Atlas Lithium Corporation</b><br />Atlas Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ATLX">ATLX</a>) is a lithium development company focused on advancing its Neves Project to production. The Neves Project is fully permitted, and its Definitive Feasibility Study demonstrates robust economics with a 145% IRR and an 11-month payback. With approximately 557 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies. Additionally, Atlas Lithium currently holds an approximate 20% ownership stake in Atlas Critical Minerals Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ATCX">ATCX</a>).</p><p><b>Safe Harbor Statement</b><br />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: Atlas Lithium's ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the "DFS"), included as Exhibit 96.1 to the Company's Current Report on Form 10-Q for the quarter ended June 30, 2025, filed with the SEC on August 4, 2025; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; 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.</p><p>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 SEC on March 4, 2026. Please also refer to the Company's other filings with the SEC, all of which are available at <a href="https://api.newsfilecorp.com/redirect/0pavbi5zeJ">www.sec.gov</a>. 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 unless as otherwise required by applicable law.</p><div id="contactInfo"><p><b>Investor Relations</b><br />Gary Guyton<br />Vice President, Investor Relations<br />+1 (833) 661-7900           <br /><a href="mailto:gary.guyton@atlas-lithium.com">gary.guyton@atlas-lithium.com</a><br /><a href="https://api.newsfilecorp.com/redirect/RYWD2Iw2mr">https://www.atlas-lithium.com/</a><br /><a href="https://api.newsfilecorp.com/redirect/WAWjyinKNA">@Atlas_Lithium</a></p></div><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/6706/304861_b1532a6ca4e7a824_logo.jpg" alt="Corporate Logo" id="corporateNewsLogo" /></p><p>To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/qpbgaiMgJn">https://www.newsfilecorp.com/release/304861</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/304861/197" alt="" /></p>

ATLX

Atlas Lithium Receives Strong Product Demand; On Track for Commercial Production in 2027

Atlas Lithium Neves Project Aims for 2027 Production With Strong Economics

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Boca Raton, Florida--(Newsfile Corp. - July 13, 2026) - Atlas Lithium Corporation (NASDAQ:ATLX) (&amp;#34;Atlas Lithium&amp;#34; or the &amp;#34;Company&amp;#34;) today announced that it is on track for first commercial production of</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Atlas Lithium said Neves is on track for first commercial lithium oxide concentrate in Q4 2027 at 150,000 tpy. The DFS shows 145% after-tax IRR and an 11-month payback, with operating costs of $489/tonne versus about $2,300/tonne today, and off-take interest exceeding three times production. Fully permitted status and a strong local employment program reduce execution risk while expanding its Brazilian footprint.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>On track for Q4 2027 first production. Neves planned at 150k tpy.</li><li>Fully permitted through commercial production; major risk eliminated.</li><li>Strong market interest exceeds three times planned capacity; DFS shows robust economics.</li><li>Jequitinhonha Valley to create 5,000+ jobs; wages above local standards.</li><li>Largest Brazilian lithium footprint; 557 sq km; 20% ATCX stake.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Atlas Lithium Corporation (ATLX)</strong>: On track for 2027 production; positive enterprise-wide catalysts.</li><li><strong>Atlas Critical Minerals Corporation (ATCX)</strong>: Atlas Lithium owns ~20%; potential cross-fuel of value.</li><li><strong>Promon Engenharia (N/A)</strong>: Brazilian engineering partner; detailed engineering work underway.</li><li><strong>TSX Engineering (N/A)</strong>: Project management and risk planning; cost control.</li><li><strong>Cerne Construções (N/A)</strong>: Engineering, procurement, construction for facilities; execution progress.</li><li><strong>RETC Infraestrutura (N/A)</strong>: Earthworks and civil construction contractor; on-site progress.</li><li><strong>Alfa Engenharia (N/A)</strong>: Electromechanical assembly; progress aligned with DFS plan.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: Progress on a major lithium project with strong economics fits industry-wide supply/demand dynamics and ATLX&#039;s growth trajectory.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Neves on-track for Q4 2027 production; de-risks development timeline.</li><li>DFS economics: 145% IRR; 11-month payback; opex $489/tonne.</li><li>Off-take interest &gt;3x capacity signals strong demand visibility.</li><li>Fully permitted status reduces execution risk; potential capex financing acceleration.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Production target: 150,000 tonnes/year lithium oxide concentrate (LCO) at Neves.</li><li>Timeline: First production in Q4 2027.</li><li>DFS economics: 145% after-tax IRR; 11-month payback.</li><li>Operating costs: $489/tonne; current market prices ~ $2,300/tonne.</li><li>footprint: 557 sq km of lithium rights in Brazil; largest among publicly listed peers.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 12-24 months as Neves nears production and off-take commitments.</p>
  </section>
</section>


<p>Boca Raton, Florida--(Newsfile Corp. - July 13, 2026) - Atlas Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ATLX">ATLX</a>) ("Atlas Lithium" or the "Company") today announced that it is on track for first commercial production of lithium oxide concentrate in the fourth quarter of 2027. The Company's 100%-owned and fully permitted Neves Project will feature a vertically integrated mining and processing industrial complex designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate per year, a key component of the global battery supply chain for electric vehicles and energy storage systems. Reflecting the strength of the Neves Project, Atlas Lithium has received written product interest from multiple companies totaling more than three times its planned production capacity.</p><p>At the Neves Project, Atlas Lithium is building a socially anchored, sustainable operation that adds value domestically. The Company anticipates that its fully integrated facility will generate more than 5,000 direct and indirect jobs in the Jequitinhonha Valley, a developing region of Minas Gerais State in Brazil. Atlas Lithium maintains strong community relations and is committed to prioritizing local hiring and training for its operations. The Company's full-time employees in the Jequitinhonha Valley already earn, on average, twice the prevailing local wage and receive healthcare coverage and other benefits that exceed regional standards. This approach has strengthened the Company's social license to operate and fostered long-term partnerships with local communities.</p><p style="text-align: center;"><b>Highlights</b></p><ul><li><b>On Track for Q4 2027 First Production:</b> Transitioning Atlas Lithium from developer to producer.</li><li><b>Fully Permitted Through Commercial Production:</b> A major risk of any project has been eliminated.</li><li><b>Strong Market Interest:</b> Written product interest cumulatively exceeds three times planned production capacity.</li><li><b>Robust Projected Economics:</b> DFS results show a 145% after-tax IRR and an 11-month payback period, with operating costs of $489 per tonne versus recent market prices of roughly $2,300 per tonne.</li><li><b>Strong Employment and Social Contribution:</b> Atlas Lithium's Jequitinhonha Valley employees already earn twice the local wage and more than 5,000 additional direct and indirect jobs will be created. </li></ul><p>Recent months have seen marked progress on-site, in partnership with leading Brazilian technical and engineering firms:</p><ul style="list-style-type: disc;"><li><b>Promon Engenharia</b> - Detailed engineering</li><li><b>TSX Engineering</b> - Project management, cost control, planning, and risk management</li><li><b>Cerne Constru&#231;&#245;es</b> - Engineering, procurement, and construction of facilities</li><li><b>RETC Infraestrutura</b> - Earthworks and civil construction</li><li><b>Alfa Engenharia</b> - Electromechanical assembly</li></ul><p>All partner contracts were finalized at or below Definitive Feasibility Study (DFS) budget levels, underscoring Atlas Lithium's disciplined cost management and project execution. </p><p>"We believe the Neves Project ranks among the most capital-efficient lithium developments worldwide, and it is clear that global lithium buyers have taken notice," said Marc Fogassa, Chief Executive Officer and Chairman of Atlas Lithium. "Our continued progress reflects disciplined and methodical execution across every front - permitting, contracting, and engineering. Importantly, we are already creating some of the best jobs in the Jequitinhonha Valley, and our continued growth will translate into further gains for our communities and the local economy." </p><p>Atlas Lithium holds the largest lithium exploration portfolio in Brazil among publicly listed companies - approximately 557 square kilometers of mineral rights across the country's premier lithium districts. Over time, the Company intends to build on this footprint by expanding industrial capacity at the Neves Project and developing additional processing facilities across its broader project portfolio, thereby positioning Atlas Lithium to scale production as global lithium demand grows, driven by the expected long-term expansion of artificial intelligence data centers and continued electric vehicle adoption.</p><p><b>About Atlas Lithium Corporation</b><br />Atlas Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ATLX">ATLX</a>) is a lithium development company focused on advancing its Neves Project to production. The Neves Project is fully permitted, and its Definitive Feasibility Study demonstrates robust economics with a 145% IRR and an 11-month payback. With approximately 557 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies. Additionally, Atlas Lithium currently holds an approximate 20% ownership stake in Atlas Critical Minerals Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ATCX">ATCX</a>).</p><p><b>Safe Harbor Statement</b><br />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: Atlas Lithium's ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the "DFS"), included as Exhibit 96.1 to the Company's Current Report on Form 10-Q for the quarter ended June 30, 2025, filed with the SEC on August 4, 2025; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; 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.</p><p>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 SEC on March 4, 2026. Please also refer to the Company's other filings with the SEC, all of which are available at <a href="https://api.newsfilecorp.com/redirect/0pavbi5zeJ">www.sec.gov</a>. 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 unless as otherwise required by applicable law.</p><div id="contactInfo"><p><b>Investor Relations</b><br />Gary Guyton<br />Vice President, Investor Relations<br />+1 (833) 661-7900           <br /><a href="mailto:gary.guyton@atlas-lithium.com">gary.guyton@atlas-lithium.com</a><br /><a href="https://api.newsfilecorp.com/redirect/RYWD2Iw2mr">https://www.atlas-lithium.com/</a><br /><a href="https://api.newsfilecorp.com/redirect/WAWjyinKNA">@Atlas_Lithium</a></p></div><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/6706/304861_b1532a6ca4e7a824_logo.jpg" alt="Corporate Logo" id="corporateNewsLogo" /></p><p>To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/qpbgaiMgJn">https://www.newsfilecorp.com/release/304861</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/304861/197" alt="" /></p>

Atlas Lithium said Neves is on track for first commercial lithium oxide concentrate in Q4 2027 at 150,000 tpy. The DFS shows 145% after-tax IRR and an 11-month payback, with operating costs of $489/tonne versus about $2,300/tonne today, and off-take interest exceeding three times production. Fully permitted status and a strong local employment program reduce execution risk while expanding its Brazilian footprint.

Atlas Lithium Receives Strong Product Demand; On Track for Commercial Production in 2027

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

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