A Brazilian mineral explorer and developer primarily focused on battery metals like lithium, similar to an early-stage Livent or Albemarle, but with a more diversified mineral portfolio.

A diversified mining and exploration company in Brazil, akin to a junior version of a major miner like Vale or BHP Billiton, with a strategic emphasis on battery metals.

A Brazilian multi-commodity mining company, active in battery metals (lithium, rare earths) as well as gold and industrial minerals, like a smaller, more focused version of Glencore or Teck Resources.

• Lithium: The company explores for and holds mineral rights to lithium, a key component in batteries.
• Rare Earths: It has mineral rights for rare earth elements, vital for various high-tech applications.
• Titanium: The company holds mineral rights for titanium, used in industrial and aerospace applications.
• Graphite: It explores for and has rights to graphite, an important material for batteries and other industries.
• Nickel and Cobalt: The company holds mineral rights for nickel and cobalt, essential components for battery technology.
• Gold: It owns concessions for mining gold, a precious metal.
• Diamond: The company holds concessions for diamond mining.
• Industrial Sand: It owns concessions for extracting industrial sand, used in construction and manufacturing.
• Iron: The company participates in projects related to iron extraction.
• Quartzite: It participates in projects involving quartzite, a durable stone.

Atlas Lithium (ATLX)

Atlas Lithium Corporation (ATLX) is currently in the development and pre-production phase for its lithium projects in Brazil. As of the current information, the company has not yet commenced commercial sales of spodumene concentrate and therefore does not have major customers.

Once in commercial production, Atlas Lithium is expected to primarily sell its spodumene concentrate to other companies (B2B). These future customers would likely include lithium chemical converters, battery manufacturers, and other industrial clients involved in the global lithium supply chain.

Marc Fogassa, Chief Executive Officer and Chairman

Mr. Fogassa has served as a director and Atlas Lithium's Chairman and Chief Executive Officer since 2012. He possesses extensive experience in venture capital and public company chief executive management, having also served on boards of directors of multiple private companies across various industries. Mr. Fogassa double majored at the Massachusetts Institute of Technology (M.I.T.), graduating with two Bachelor of Science degrees in 1990. He later earned a Doctor of Medicine degree from Harvard Medical School in 1995 and a Master of Business Administration degree with Second-Year Honors from Harvard Business School in 1999. At Harvard Business School, he co-presided over the Venture Capital and Private Equity Club. Mr. Fogassa also holds the positions of Chairman and Chief Executive Officer at Jupiter Gold Corporation and Apollo Resources Corporation.

Tiago Moreira de Miranda, Chief Financial Officer, Principal Accounting Officer & Treasurer

Mr. Miranda was appointed Atlas Lithium's Chief Financial Officer, Principal Accounting Officer, and Treasurer, effective July 23, 2024. Prior to this role, he served as CFO of Apollo Resources Corporation, a private subsidiary of Atlas Lithium, from February to July 2024. From May 2020 to December 2023, he was the senior financial officer for the Brazilian operations of Horizonte Minerals Plc, where he played a key role in securing significant project financing. Mr. Miranda's experience also includes positions at Equinox Gold and Ferrous Resources Ltd., where he contributed to the US$550 million sale of Ferrous Resources to Vale S/A. He began his career as an auditor with Deloitte Touche Tohmatsu in Brazil from September 2005 to March 2008. Mr. Miranda holds undergraduate degrees in Business Administration and Accounting, and a Master of Business Administration, all from IBMEC in Brazil.

Brian Talbot, Chief Operating Officer

Mr. Talbot is set to join Atlas Lithium as Chief Operating Officer and a member of the Board of Directors, effective April 1, 2024. He is recognized as a leading executive in the lithium sector with over 30 years of experience in mining operations, particularly with extensive expertise in dense media separation (DMS) plant development and operation. Most recently, Mr. Talbot was the founder and director of RTEK International DMCC, a consulting firm for lithium developers and producers. From July 2022 to September 2023, he served as Chief Operating Officer at Sigma Lithium Corporation, where he oversaw the development of the Grota do Cirilo project. His career also includes roles as General Manager and Head at Galaxy Resources, where he significantly increased production at the Mt. Cattlin mine, and at Bikita Minerals in Zimbabwe. Mr. Talbot holds a bachelor's degree in chemical engineering with Honors from the University of Witwatersrand, South Africa.

Igor Tkachenko, Vice President, Corporate Strategy

Mr. Tkachenko has been Atlas Lithium's Vice President of Corporate Strategy since 2023, having served as a strategic advisor to the company since 2021. In 2022, he took on the role of Director of Strategic Development, overseeing the expansion of investor relations efforts. Mr. Tkachenko is a Ukrainian-American and a US-trained physician.

Joel de Paiva Monteiro, Esq., Vice-President, Administration and Operations, Chief of ESG matters, and Secretary

Mr. Monteiro has served as Atlas Lithium's Vice-President, Administration and Operations since 2020, Chief of Environmental, Social, and Corporate Governance (“ESG”) matters since 2021, and Secretary since 2022. Prior to joining Atlas Lithium, he was a partner at the Brazilian law firm PRA Advogados, where he specialized in various aspects of Brazilian business law, strategic business planning, and litigation. He holds a law degree from Milton Campos Law School and a postgraduate degree in business law from Pontifical Catholic University of Minas Gerais.

The key risks to Atlas Lithium's business are primarily associated with its stage of development as a mineral exploration and development company.

1. Limited Operating History, History of Losses, and Exploration Uncertainty: Atlas Lithium is currently an exploration-stage company with a limited operating history and has consistently reported losses, with expectations of continued losses until it achieves commercial production. There is no guarantee that its mineral properties will yield commercially viable deposits, making its future performance difficult to assess and carrying the risk that funds spent on exploration may be lost without a return on investment.
2. Price Volatility of Lithium and Market Dependence: The company's revenues and overall valuation are significantly exposed to the unpredictable fluctuations in the prices of minerals, particularly lithium. The growth trajectory of the lithium market itself is uncertain, and the emergence and adoption of non-lithium battery technologies could also adversely impact the demand and price for lithium, thereby affecting Atlas Lithium's business prospects.
3. Capital Market Dependence and Shareholder Dilution: Atlas Lithium's ability to fund its ongoing operations, execute its business plan, and pursue future growth initiatives is heavily reliant on its capacity to access capital and financial markets. Given its history of losses and capital-intensive nature, the company may need to raise additional capital through equity issuances, which could lead to further dilution of existing shareholders' ownership.

The primary emerging threat to Atlas Lithium stems from the advancement and commercialization of alternative battery technologies that reduce or eliminate the need for lithium. Specifically, the rise of sodium-ion batteries, which are increasingly being developed and deployed by major battery manufacturers for applications such as grid storage and lower-cost electric vehicles, presents a clear emerging threat. Should these technologies gain significant market share, the demand growth for newly mined lithium could be substantially curtailed, impacting Atlas Lithium's long-term revenue and profitability.

Additionally, significant advancements and widespread adoption of Direct Lithium Extraction (DLE) technologies, which promise more efficient and environmentally friendly lithium recovery from brines and geothermal sources, could increase global lithium supply and potentially lower production costs for some competitors. If DLE becomes substantially more cost-effective and scalable than traditional hard-rock mining methods, it could put pricing pressure on hard-rock miners like Atlas Lithium, making their operations less competitive.

Atlas Lithium Corporation (NASDAQ: ATLX) primarily focuses on the exploration and development of hard-rock lithium projects in Brazil, with the goal of producing lithium concentrate. The company's main operations are centered on its Neves Lithium Project located in the state of Minas Gerais, Brazil. Lithium concentrate is a critical ingredient for the battery supply chain, particularly for lithium-ion batteries used in electric vehicles (EVs) and renewable energy storage systems.

The addressable markets for Atlas Lithium's primary product can be characterized as follows:

• Global Lithium Market: The global lithium market size was estimated at USD 32.38 billion in 2025 and is projected to reach USD 96.45 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 14.5% from 2026 to 2033. Another estimate places the global lithium market at USD 32.04 billion in 2023, with a forecast to grow to USD 166.69 billion by 2033, at a CAGR of 17.93%. Additionally, the global lithium market generated USD 31,752.2 million in revenue in 2023 and is expected to reach USD 74,809.4 million by 2030, with a CAGR of 13% from 2024 to 2030.
• Brazil Lithium-ion Battery Market: As lithium concentrate is essential for lithium-ion batteries, the Brazilian market for these batteries represents a significant regional demand. The Brazil lithium-ion battery market was valued at USD 1,295.94 million in 2025 and is projected to reach USD 3,218.70 million by 2034, growing at a CAGR of 10.64% from 2026 to 2034. In 2025, Brazil accounted for 0.5% of the global lithium-ion battery market.

For Atlas Lithium (NASDAQ: ATLX), the following are expected drivers of future revenue growth over the next 2-3 years:

1. Commencement and Ramp-Up of Spodumene Concentrate Production from the Neves Project: Atlas Lithium is advancing its Neves Project in Brazil's Lithium Valley towards production, with initial output from Phase 1 anticipated in Q4 2024 and Phase 2 targeted for 2025. This aims for an aggregate production of 300,000 tons per annum (tpa) of spodumene concentrate. The company's Definitive Feasibility Study (DFS) forecasts an average annual production of 146,000 tonnes of SC5.5 concentrate over an initial 6.5-year mine life, characterized by projected low operating costs. The necessary operational permits are secured, and the modular processing plant is already in Brazil, ready for assembly, significantly de-risking the path to commercial operations.
2. Secured Offtake Agreements and Strategic Partnerships: Atlas Lithium has established key strategic partnerships and secured significant offtake agreements for its future lithium concentrate production. These agreements are with leading global companies such as Chengxin Lithium Group, Yahua Industrial Group (who supply to major electric vehicle manufacturers like Tesla and BYD), and Mitsui & Co., Ltd.. These partnerships not only provide immediate funding for project development but also ensure a secure sales channel for a substantial portion of the company's planned output, contributing directly to future revenue streams.
3. Expansion Potential and Exploration of Additional Projects: Beyond the Neves Project, Atlas Lithium possesses a substantial portfolio of mineral rights in Brazil, including the promising Salinas and Clear Projects. Exploratory drilling at the Salinas Project has indicated significant lithium mineralization, suggesting a strong potential for organic growth and future open-pit mining opportunities. The company plans to increase its exploration budget in 2025 to further develop these additional projects, which could unlock new revenue sources in the medium to long term. Additionally, there is a noted expansion potential to increase the Neves plant capacity from 150,000 tpa to 300,000 tpa, providing further scalability for revenue growth.
4. Favorable Long-Term Lithium Market Demand: Despite recent short-term volatility and oversupply in lithium prices, the long-term outlook for the global lithium market remains positive. This is primarily driven by the escalating demand for lithium-ion batteries, crucial for the expanding electric vehicle (EV) sector and renewable energy storage solutions. Industry analysts anticipate a recovery in lithium prices as 2026 approaches, coinciding with Atlas Lithium's planned production ramp-up. This underlying robust market demand is expected to be a significant driver for sustained revenue growth once Atlas Lithium's production is fully operational.

Share Issuance

• Atlas Lithium's outstanding shares increased by 14.4% in Q4 2025 to 27 million.
• The company's shares increased by 25.47% over the last year (as of March 2026).
• Atlas Lithium completed a 1-for-750 reverse stock split on December 23, 2022.

Inbound Investments

• Mitsui invested in Atlas Lithium Corporation.
• Atlas Lithium priced a $10 million registered direct offering with new U.S. fundamental institutional investors on December 5, 2025.

Outbound Investments

• Atlas Lithium owns approximately 30% of Atlas Critical Minerals (OTCQB: JUPGF).

Capital Expenditures

• Capital expenditures totaled approximately -$8.96 million in the last 12 months (as of early March 2026).
• The Definitive Feasibility Study (DFS) for the Neves Project, completed in August 2025, projects direct capital expenditure of $57.6 million, noted as the lowest among announced projects in Brazil.
• The primary focus of capital expenditures includes the advancement of the Neves Lithium Project, with a $30 million modular DMS processing plant ready for assembly in Brazil.