Atlas Lithium targets Brazil low-cost output, flags Neves lithium concentrate cost at USD 489/tonne
ATLX•Corporate snapshot
Corporate snapshot: share price USD 3.32; outstanding shares 30,099,805; market cap USD 100 million; management ownership about 23%.
Mitsui investment and offtake terms
Mitsui investment includes USD 30 million in common shares; offtake covers 15,000 tons for Phase 1, 60,000 tons annually for five years.
Neves project plan and feasibility metrics
Atlas Lithium released a corporate presentation outlining plans to develop the 100%-owned Neves lithium project in Minas Gerais, Brazil.
Definitive feasibility study metrics: after-tax NPV USD 539 million; after-tax IRR 145%; payback 11 months; product cost USD 489/ton.
Phase 1 design targets about 150,000 tonnes per year of 5.5% Li₂O spodumene concentrate; Phase 2 expected to double capacity.
