8-K
Atlas Lithium Corp (ATLX)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 21, 2023
ATLAS
LITHIUM CORPORATION
(Exact name of registrant as specified in its charter)
| Nevada | 001-41552 | 39-2078861 |
|---|---|---|
| (State<br> or Other Jurisdiction<br><br> <br>of<br> Incorporation) | (Commission<br><br> <br>File<br> Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> Number) |
RuaBahia, 2463, Suite 205
BeloHorizonte, MG 30160-012, Brazil
(Address of principal executive offices, including zip code)
(833)661-7900
(Registrant’s telephone number, including area code)
Notapplicable
(Former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Stock, $0.001 par value | ATLX | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item7.01 Regulation FD Disclosure.
On June 26, 2023, Atlas Lithium Corporation issued a press release related to the matters discussed in Item 8.01 herein. The press release is furnished hereto as Exhibit 99.1.
Item8.01. Other Events.
On June 21, 2023, the State of Minas Gerais in Brazil provided Atlas Lithium Corporation (the “Company”) with written notice granting its Neves lithium project (the “Project”) priority status for review of its environmental permitting and licensing. This development follows the vote of the Economic Development Group (the “EDG”) of the Secretariat for Economic Development of the State of Minas Gerais during a meeting held on June 6, 2023, approving the Company’s request that its Project be from now on analyzed by the Superintendence of Priority Projects (known locally as “SUPPRI”). EDG determined that the environmental licensing process, the analysis of which is necessary to determine the proper progress of the Company’s Project, shall be considered a priority for the social and economic development of the State of Minas Gerais because it obtained a high score according to a matrix of specific technical criteria implemented by local regulations.
The Company believes that this development could meaningfully expedite the permitting and licensing of its Project by potentially shortening the timeline of such a process by up to several months. For additional information related to the Company’s Project, please refer to the periodic reports filed by the Company with the Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K filed with the SEC on March 30, 2023, and other filings the Company makes with the SEC from time to time.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit<br><br> <br>No. | Description |
|---|---|
| 99.1 | Press Release dated June 26, 2023. |
| 104 | Cover Page Interactive Data File (embedded with the<br> Inline XRBL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ATLAS LITHIUM CORPORATION | ||
|---|---|---|
| Dated:<br> June 26, 2023 | By: | /s/ Marc Fogassa |
| Name: | Marc<br> Fogassa | |
| Title: | Chief<br> Executive Officer |
Exhibit99.1
ATLASLITHIUM GRANTED PRIORITY REVIEW FOR NEVES PROJECT PERMITTING
BELO HORIZONTE, BRAZIL—(June 26, 2023) – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or “Company”), a leading mineral exploration company, is pleased to announce that on June 21, 2023, the State of Minas Gerais in Brazil provided the Company with written notice granting its Neves lithium project (the “Project”) priority status for review of its environmental permitting and licensing. Atlas Lithium believes that this development could meaningfully expedite the permitting and licensing of its Project by potentially shortening the timeline of such a process by up to several months.
Marc Fogassa, Chairman and CEO of the Company, commented, “This is an important development as permitting and licensing are critical for any mineral exploration company that intends to become a producer such as in our case. Our petition for priority review was granted because our lithium project had a technically robust application that scored high marks in multiple important criteria for the State of Minas Gerais.”
AboutAtlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. The Company’s exploration mineral rights for lithium cover approximately 308 km2 and are located primarily in Brazil’s Lithium Valley. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2). The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).
SafeHarbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, “Atlas Lithium” or “Company”) and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.
Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-Q filed with the SEC on May 15, 2023. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.
InvestorRelations:
Michael Kim or Brooks Hamilton
MZ Group – MZ North America
+1 (949) 546-6326
ATLX@mzgroup.us
https://www.atlas-lithium.com/
@Atlas_Lithium