# Atlas Lithium Inc. (ATLX)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $62M  
**Price:** $3.40 (-5.03%)

> Atlas Lithium Inc. is a U.S. mineral exploration and mining company with mineral properties located in Brazil. It primarily focuses on advancing its hard-rock lithium Neves Project in the state of Minas Gerais, which has received operational permitting and sits within the Brazilian Eastern Pegmatitic Province known for lithium-bearing minerals like spodumene and petalite. The company holds the largest lithium exploration portfolio among publicly traded companies in Brazil, encompassing approximately 557 square kilometers of mineral rights, including the Minas Gerais lithium project covering 468 square kilometers across 85 mineral rights and the Northeastern Brazil lithium project spanning 71 square kilometers in the states of Paraíba, Rio Grande do Norte, and Tocantins. Atlas Lithium Inc. also explores and develops properties for other critical battery minerals such as rare earths, graphite, nickel, cobalt, titanium, copper, iron, gold, and quartzite through subsidiaries. It maintains a significant ownership stake in Atlas Critical Minerals Corporation and participates in iron, gold, and quartzite projects. Founded in 2011 and headquartered in Belo Horizonte, Brazil, Atlas Lithium Inc. aims to produce lithium concentrate for the battery supply chain.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $121,388 | -$59,431 | -$32M | -$28M | — |
| 2024 | $748,654 | $265,694 | -$44M | -$42M | — |
| 2022 | $6,765 | -$56,783 | -$6M | -$5M | — |
| 2021 | $10,232 | -$235,578 | -$4M | -$3M | — |
| 2020 | $23,446 | -$106,497 | -$1M | -$1M | — |
| 2019 | $15,393 | -$166,775 | -$1M | -$2M | — |
| 2018 | $19,716 | -$106,501 | -$1M | -$2M | — |
| 2017 | $43,253 | -$165,587 | — | -$2M | — |
| 2012 | — | — | — | -$179,175 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $88M | $35M | $52M | $36M | — |
| 2024 | $58M | $36M | $21M | $16M | — |
| 2022 | $5M | $4M | $2M | $280,358 | — |
| 2021 | $2M | $1M | -$1M | — | — |
| 2020 | $951,888 | $2M | -$3M | — | — |
| 2019 | $1M | $2M | -$3M | — | — |
| 2018 | $987,357 | $2M | -$1M | $2,374 | — |
| 2017 | $1M | $2M | -$519,647 | $83,374 | — |
| 2012 | $2M | $67,462 | $2M | $863,189 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$22M | $6M | -$28M |
| 2024 | -$19M | $22M | -$41M |
| 2023 | -$6M | $8M | -$14M |
| 2022 | -$3M | $1M | -$4M |
| 2021 | -$1M | — | — |
| 2020 | -$996,781 | — | — |
| 2019 | -$791,072 | — | — |
| 2018 | -$511,313 | — | — |
| 2017 | -$734,294 | — | — |
| 2016 | -$647,406 | — | — |
| 2015 | -$965,918 | — | — |
| 2014 | -$246,409 | — | — |
| 2013 | -$810,644 | — | — |
| 2012 | -$111,813 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/ATLX)