Neves Permit Sparks 146,000-Tonne Output and Benefits ATCX Stake
ATCX•Atlas Lithium Corp secured an expansion permit for its Neves lithium project, enabling annual production of 146,000 tonnes of concentrate at an operating cost of $489 per tonne, with a projected 145% IRR and 11-month payback. Atlas Lithium’s 20% stake in Atlas Critical Minerals enhances ATCX’s resource portfolio.
1. Expansion Permit Granted
Atlas Lithium received regulatory approval to expand its 100%-owned Neves Project in Minas Gerais, Brazil. The new permit clears the way for full project implementation under the company’s Definitive Feasibility Study.
2. Strong Project Economics
The DFS forecasts annual output of 146,000 tonnes of lithium concentrate at an operating cost of $489 per tonne, delivering a 145% after-tax IRR and an 11-month payback period. A modular Dense Media Separation plant is staged in Brazil for rapid assembly and commissioning.
3. Benefit to Atlas Critical Minerals
Atlas Lithium holds a 20% ownership stake in Atlas Critical Minerals Corporation (ATCX), meaning improved Neves Project economics and accelerated production timelines could positively influence ATCX’s asset backing and resource valuation.
