Atlas Lithium Receives Operational Permit for Its Neves Project, Brazil
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Atlas Lithium Corporation has received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil.
With this positive decision, Atlas Lithium has all the needed authorizations to assemble and run its processing plant and develop open-pit mining operations at one of its lithium deposits.
The permit authorizes Atlas Lithium to assemble and operate its lithium processing plant, to process mined ore from one of its deposits at the facility, and to sell the lithium concentrate that it produces. This key development comes after an extensive technical review process by regulatory agencies that began with the company’s initial permit application on September 1, 2023. The triphasic permit obtained by Atlas Lithium is the most expeditious licensing modality available as it encompasses the initial, the installation, and the operating licenses all within this same issued authorization.
“We are thrilled with today’s announcement, as permitting is widely considered the most critical risk in any mining project. Atlas Lithium’s permit reflects fourteen months of our team’s meticulous work throughout the licensing process and showcases our unwavering commitment to developing an environmentally responsible and sustainable operation in Brazil’s Lithium Valley - a mineral district which is rapidly establishing itself as a premier location in the global lithium supply chain,” said Marc Fogassa, CEO of Atlas Lithium.
“This milestone marks a key step for us towards becoming a lithium producer and advances Atlas Lithium into the next phase of our growth trajectory,” added Fogassa.
“We are committed to being a responsible corporate citizen for all our stakeholders. With the news provided today, and as the Neves Project proceeds towards implantation and operation, Atlas Lithium will create hundreds of local jobs in the Vale do Jequitinhonha area of Minas Gerais,” said Rodrigo Menck, a member of the board of directors of the company.
“Additionally, our lithium processing plant is engineered to possibly achieve the smallest environmental footprint in its class,” added Menck.
Atlas Lithium is focused on advancing and developing its 100 percent owned hard-rock lithium project in Brazil’s lithium valley, a well-known lithium district in the state of Minas Gerais. In addition, Atlas Lithium has 100 percent ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, and graphite. The company also owns equity stakes in Apollo Resources and Jupiter Gold.
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