Atlas Lithium Corp (NASDAQ:ATLX) stock climbed 2.9% in premarket trading Monday after its subsidiary reported encouraging results from rare earth projects in Brazil.
Atlas Critical Minerals Corporation, a subsidiary of Atlas Lithium, unveiled promising outcomes from its diversified rare earth portfolio, which the company describes as Brazil’s most comprehensive rare earth project collection.
The subsidiary highlighted findings from two distinct deposit types through recent technical studies at its Iporá Project in Goiás State and Alto do Paranaíba Project in Minas Gerais State. The Iporá Ionic Clay Project produced high-grade drilling intercepts, including 8 meters at 2,071 ppm Total Rare Earths Oxide (TREO) and 775 ppm Magnetic Rare Earths Oxide (MREO), with metallurgical results showing MREO recovery rates above 60% for critical permanent magnet elements.
At the same time, the Alto do Paranaíba Project displayed near-surface mineralization with grades reaching 28,870 ppm TREO and 23.2% TiO, showing consistent high-grade material across all exploration blocks.
“Our strategic stake in Atlas Critical Minerals provides shareholders with exposure to the broader critical minerals sector and strengthens Atlas Lithium’s position within global supply chains for materials vital to energy transition and national security,” said Marc Fogassa, CEO and Chairman of Atlas Lithium.
Both projects are strategically located in established Brazilian mining regions, with the Iporá Project near Serra Verde—one of the few integrated rare earth mining and processing operations outside Asia. Atlas Critical Minerals now controls over 218,000 hectares of critical mineral rights in Brazil, covering rare earths, titanium, graphite, and uranium.
Atlas Lithium Corp stock price
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.