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ATLX

Atlas Lithium Corporation

ATLX

Atlas Lithium Corporation • NASDAQ
$4.93 ▼ -3.14% (-0.16)
Market Cap $88.96 M
52w High $8.32
52w Low $3.54
Dividend Yield 0%
P/E -2.59
Volume 227.52K
Outstanding Shares 18.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $7.941M ▲ $-6.953M ▼ 0% ▲ $-0.35 ▼ $-7.899M ▼
Q2-2025 $31.805K ▲ $6.104M ▼ $-5.559M ▲ -17.479K% ▲ $-0.31 ▲ $-6.05M ▲
Q1-2025 $25.175K ▼ $9.761M ▼ $-9.017M ▲ -35.817K% ▼ $-0.55 ▼ $-9.709M ▲
Q4-2024 $123.474K ▼ $10.885M ▲ $-11.078M ▼ -8.972K% ▼ $602.56 ▲ $-10.807M ▼
Q3-2024 $169.549K $10.335M $-9.029M -5.325K% $-603.34 $-10.195M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $20.977M ▲ $72.169M ▲ $36.596M ▼ $34.288M ▲
Q2-2025 $13.865M ▼ $63.316M ▲ $37.073M ▲ $25.009M ▲
Q1-2025 $14M ▼ $60.8M ▲ $36.51M ▲ $23.635M ▲
Q4-2024 $15.537M ▼ $57.855M ▼ $35.843M ▼ $21.258M ▼
Q3-2024 $22.057M $60.494M $36.685M $23.282M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.976M ▼ $-7.058M ▼ $-1.595M ▲ $15.765M ▲ $7.112M ▲ $-8.653M ▼
Q2-2025 $-6.28M ▲ $-3.903M ▲ $-2.078M ▲ $5.845M ▼ $-135.068K ▲ $-5.981M ▲
Q1-2025 $-10.214M ▲ $-4.404M ▲ $-4.213M ▼ $7.078M ▲ $-1.537M ▲ $-8.616M ▼
Q4-2024 $-11.558M ▼ $-4.573M ▼ $-3.785M ▲ $1.84M ▲ $-6.519M ▲ $-8.357M ▲
Q3-2024 $-9.718M $-2.92M $-6.783M $151.249K $-10.211M $-9.703M

Five-Year Company Overview

Income Statement

Income Statement Atlas Lithium is still in the pre‑revenue stage, so it is not yet generating meaningful sales from its projects. The income statement is dominated by operating and development expenses, which naturally leads to ongoing losses. There is one year with a very large reported loss, which likely reflects one‑off items such as project write‑ups, financing or listing‑related costs rather than a recurring pattern. Overall, the picture is exactly what you would expect from a young mining developer: spending first to build assets, with profitability dependent on successfully bringing projects into production in the future.

Balance Sheet

Balance Sheet The balance sheet is small and clearly reflects an early‑stage company. Atlas Lithium holds only a modest amount of total assets and cash, with a limited but present layer of debt and a thin equity base. This structure is typical for a junior mining developer, but it also means the company has relatively little cushion and will likely rely on additional financing as projects move forward. The balance sheet does not appear overburdened by debt at this stage, but it is also not yet backed by producing assets, so financial flexibility will be important to monitor.

Cash Flow

Cash Flow Cash flows are negative, driven by spending on operations and project development rather than by any incoming cash from sales. Operating cash outflows are steady, and capital spending has begun to pick up, which pushes free cash flow further into negative territory. This pattern is consistent with a company building out mining and processing capacity, but it also underlines an important risk: continued progress depends on access to external funding until the projects are capable of generating their own cash.

Competitive Edge

Competitive Edge Atlas Lithium is positioning itself as a low‑cost, environmentally focused producer in Brazil’s emerging lithium hub. Its flagship project sits in a well‑regarded lithium district, which offers geological advantages and a supportive mining environment. The company’s strategy leans on projected low operating costs, near‑surface ore, and hard‑rock deposits that are attractive for battery‑grade material. Importantly, it has secured offtake agreements with major lithium and trading groups tied into the global electric‑vehicle supply chain. These agreements help validate the resource and provide some visibility on future demand, though the company still faces the same challenges as any junior miner: dependence on a small number of projects, execution risk during ramp‑up, and exposure to volatile lithium prices.

Innovation and R&D

Innovation and R&D The core innovation story centers on a modular processing plant and a strong emphasis on sustainability. By using a modular dense media separation plant, Atlas Lithium aims for faster installation, lower upfront complexity, and the ability to scale capacity over time. The design focuses on water recycling and dry stacking of tailings, which can reduce environmental impact and operational risk compared with traditional tailings dams. On the resource side, the company is working to demonstrate that its ore can consistently meet or exceed common battery‑grade standards, while also advancing additional exploration properties nearby. There is also a longer‑term possibility of moving further downstream into chemical processing, which would be a significant strategic shift but is still more of a future option than an immediate plan.

Summary

Taken together, the picture is of a very early‑stage lithium developer: no revenue yet, small but growing asset base, ongoing cash burn, and heavy reliance on successful project execution and future financing. The financial statements show a business still firmly in the build‑out phase, with results driven by investment and accounting items rather than operating performance. On the strategic side, Atlas Lithium is trying to carve out a niche as a low‑cost, sustainable producer in a promising Brazilian lithium district, supported by technology choices and offtake agreements with well‑known industry players. The key uncertainties revolve around delivering the projects on time and on budget, managing funding needs, and navigating swings in global lithium demand and pricing as the electric‑vehicle and battery markets evolve.

NEWS

November 14, 2025 · 7:30 AM UTC

Atlas Lithium Reports Strong Financial Position and Advancement Towards Project Implementation

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October 6, 2025 · 2:13 PM UTC

Atlas Lithium Corp Announced as Co-Host of the Brazil Critical Minerals Summit 2026

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September 22, 2025 · 8:00 AM UTC

Atlas Lithium's Subsidiary Reports Outstanding Rare Earth Mineralization Across Two Project Types

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September 17, 2025 · 4:06 PM UTC

Driving Global Investment and Innovation in Belo Horizonte, June 2026 - Brazil Critical Minerals Summit Returns for 3rd Edition

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September 2, 2025 · 8:00 AM UTC

Atlas Lithium Subsidiary's Iron Quadrangle Project on Track for Q4 2025 Revenues

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